…then why are income tax receipts dropping?

…it is getting worse, on both a week over week, a YTD cumulative basis, and, probably most relevantly to some readers, on a 4 week running bucket cumulative basis. In the week ended April 16, the US Treasury collected $29.3 billion, 10% less than the comparable week in the prior year when $32.5 billion was withheld. Cumulatively, the difference is now at an almost 2010 low, dropping to a $16.7 billion difference between the YTD period and the comparable period in 2009.

If you click on the link, you’ll see a series of graphs which really put it plain – plain enough for even a liberal to understand.

But here comes the liberal mantra: “employment is a lagging indicator”. Ok, so it is – according to the geniuses who tell us that the economy is in recovery, we started getting better six months ago. Granted that employment lags – shouldn’t we see some improvement by now?

Maybe in another six months, huh? Bet our liberals will be telling us in October of 2012 that employment is still a lagging indicator and just wait, if we re-elect Obama, its sure to get better…

The worth of a primary challenge demonstrated: McCain changes his tune on immigration.

Britain’s Tories appear to be demonstrating how to lose to complete losers. Me: I think that all the Tory effort has just been weak. From what I can tell, they are running on a platform of responsible stewardship of the lousy political and economic system Labour has built up over the past ten years. Note to conservatives: when the people are furious with the way things are, promise to do different things, not the same, old things an allegedly better way.

In Afghanistan, Michael Yon questions General McChrystal’s conduct of the campaign and some milbloggers take Yon to task. Herschel Smith of Captain’s Journal puts it in perspective – Yon is doing the job he’s supposed to be doing: reporting on the war and asking questions of the high command. Me: I’ve an uneasy feeling about the Afghan campaign compensated by my awed respect of the men and women in our armed forces – if anyone can carry even a half-baked strategy to victory, they can. The troops, being lions, will probably pull this out for us, even though our leaders may well be asses.

Latest on the Goldman Sachs scandal – Mish has been keeping close tabs on this from the get-go.

How to anger liberals: Assert that Europe’s greatest heritage is its Christianity.

Credit where credit is due: the good things Obama has done.

John Médaille over at The Distributist Review nails the issue:

We live in an age of regulation. But surprisingly, there are very few principles of regulation… The result is that we are simultaneously over-regulated and under-regulated; we have thousands of pages of regulations that deal with situations that don’t require any, and no regulation in areas that need to be closely watched. The regs raise formidable barriers to competition, as the small businessman often finds that the cost and trouble of dealing with them is an insurmountable barrier to entering a given business. This leaves only the large players, for whom such regulation is a mere nuisance, a cost of doing business that brings a benefit of reduced competition. And since there are fewer competitors, they tend to be more politically powerful, and proceed to capture the very regulatory bodies that are intended to curb them. The government becomes, in effect, the protector of the oligarchs rather than their regulator.

What to do? Well, Médaille suggests we take a page of our Aristotle. Or, if that is too old-fashioned for all you hip, advanced people out there, something more up-to-date: St. Thomas Aquinas.

I can hear my liberals, now: what do such ancient men have to say to us? Well, they can provide you the truth. If you can handle it. The problem, as noted later in the linked article, is that we regulate the heck out of normal financial activities (borrowing for a home, financing a new business, etc) but don’t do anything about the bizarre flights of fiscal fancy – things which wind up being the CDOs Goldman Sachs is now in trouble for hawking.

Médaille then brings up something most people don’t know about – “natural” and “un-natural” transactions. Boiled down: a natural transaction is something a person does on a day to day basis to make a living. An un-natural transaction is something a person does merely to pile up money. There is a pile-up-money free-for-all going on while we are making it ever harder for people to transact normal business. You can invest money in some phony scheme much easier than you can invest money in, say, starting up a farm.

This, needless, to say, is backwards. Wrong. Stupid. And the Democrat’s proposed regulations really won’t do anything about it – mostly because they don’t understand economics and thus don’t see the need to have money readily available for people who want to work and produce wealth. It’d help, of course, if more Democrats would actually try to run a productive enterprise – academic work, government service and community organizing not being great training grounds for understanding reality.

As we set about the task of reforming our political system we must never lose sight of what the end is – the principle we are fighting for. We want a society geared towards the needs of the average man and woman. That, really, is all “We, the people” is about. A nation which neglects the mundane but vital tasks of every day life is a nation on the path to extinction.

As we enter this debate over financial reform and as we head towards November, our minds should run in this groove. Endlessly refer back to this first principle: does it help or hinder the common man? Keeping in mind that “help” doesn’t mean “coddle”. Dependency cripples the common man. Help means setting a stage where a man who wishes to work has a fair shot of achieving his desires.

Our world is not for a billionaire manipulating the financial sector. Our world is not for the socialist with a desire to decide for others. Our world is for that guy down the street, who just wants to be able to do the right thing and do for his own. If it is not such a world, then it isn’t a world worth living in.

A good thing, too:

Sens. Joseph I. Lieberman (I-Conn.) and Susan Collins (R-Maine) issued the first congressional subpoenas of the Obama administration Monday after accusing the White House of stonewalling their requests for information about the Fort Hood shootings.

In a letter with the subpoenas, the chairman and ranking member of the Homeland Security and Governmental Affairs Committee said the FBI and Defense Department had ignored their requests for five months. The Nov. 5 shootings at the Texas base, the largest Army post in the United States, left 13 people dead.

Lieberman and Collins said they sought witnesses and documents about what the government previously knew about the alleged gunman, Army psychiatrist Nidal M. Hasan, and whether it had adequately investigated his pre-shooting communications with Yemeni cleric and suspected terrorist Anwar al-Aulaqi.

The problem here stems from President Obama’s asinine determination to “reach out” to Islam. Its asinine not because its bad to reach out, but because Obama is reaching out to the wrong people.

While Obama reaches out to, say, the mullahs in Tehran, he should be reaching out to the people of Iran, who are on our side in the War on Terrorism. But the policy is to reach out, in effect, to the terrorists…so the blood of the Iranian people gets swept under the rug. As does the blood of the American people, murdered at Ft Hood by a man de-facto allied with the people the President is reaching out to.

But we need to know the truth. At bottom, we need to know how far the politically-correct rot has gone and how vulnerable we are to Islamists we’ve allowed to infiltrate our society. Obama’s Administration is refusing to set the record straight, and so it will have to be forced out.

That is the amount of money people at Goldman Sachs lavished on President Obama for political campaigns. Will President Obama return the money?

After all, back when Abramoff scandal broke, Democrats were demanding that every dime even remotely connected to Abrahmoff activities be returned – isn’t turn about fair play?

True, that demand died down when it emerged that Democrats were major beneficiaries of Abramoff donations, but isn’t this just a great time for Democrats to live up to their own alleged standards?

This is nothing more than the most egregious and disgusting form of political payoff:

Barely 15 percent of all construction-industry workers in the United States are union members, while the remaining 85 percent are nonunion, according to the U.S. Department of Labor’s Bureau of Labor Statistics. So why has President Obama signed Executive Order 13502 directing federal agencies taking bids for government construction projects to accept only those from contractors who agree in advance to a project labor agreement that requires a union work force?…

…By eliminating the vast majority of potential bidders on federal construction projects, Obama guarantees two things. First, the projects will cost taxpayers more because union labor is always more expensive. And with mandated PLAs, the cost premium for union contractors will be even greater because fewer bidders always means less competition and higher prices. Second, by guaranteeing unions a bigger stream of federal contracts, Obama is making sure that Big Labor, already among the Democrats’ biggest sources of campaign cash, will have even more money to hand out for the 2010 and 2012 elections.

This is just nauseating – Obama is telling the vast majority of American construction workers that he doesn’t give a darn about them. He’s saying that the American economy and the taxpayer’s money are reserved only for groups which back the Democrat party. Essentially, Obama is impounding our government and economy in favor of his supporters, everyone else can go jump in a lake.

All Americans have a right to bid on all government contracts. The only things which should bear on whether a bid is accepted is the price offered and the ability to perform the task. All other considerations are simply un-American and should not come in to play.

This is just another example of what we fight against – this liberal notion that politics trumps everything. Obama is just locking down his union support for the 2010 and 2012 elections – what happens to the country just isn’t a factor in the decision.

HAT TIP: Mish’s

Hey, its not me saying that – just reporting the news about it.

Just gets weaker all the time:

President Barack Obama’s national security advisers are considering a broad range of options to curb Iran’s nuclear program…

…In his statement, Gates said: “The memo was not intended as a ‘wake up call’ or received as such by the president’s national security team. Rather, it presented a number of questions and proposals intended to contribute to an orderly and timely decision-making process.”

Mullen said Gates was leading policy deliberations within the administration that have had “great focus for years, not months.”

“This is as complex a problem as there is in our country and we have expended extraordinary amounts of time and effort to figure that out, to try to get that right,” Mullen said.

They’re acting as if they’ve got all the time in the world – they are dithering over plans and proposals which may take months to even decide on. By the time we make up our mind on what to do, Iran may already have deployed nuclear weapons.

Patience is a virtue in foreign affairs only when you are awaiting the outcome of a policy decided upon. President Bush, for instance, was very patient regarding Iraq and this was ultimately rewarded with victory. But he wasn’t patient in making up his mind – and, indeed, in such things rapid decision-making is crucial to success. Delay means that whatever policy you decide upon might not reflect reality at the time of implementation.

Choose: do we want Iran to obtain a nuclear weapon, or do we wish to prevent this?

Choose: if we wish to prevent this, do we go with talking, sanctions or armed action?

Pick one, and then stick with it. Even if we pick wrong, its better than not picking, at all. Quite honestly, we’d be better off saying we’re ok with an Iranian nuke and then make defense arrangements with Iran’s neighbors than making an asinine announcement that we’re still thinking things over. The Iranian leadership isn’t thinking things over – they’ve already decided and are now patiently waiting us out, figuring that even if we ever screw ourselves up to action, it will be too late.

My views are known – blockade of Iran’s gasoline imports followed by selected air strikes on nuclear and other defense targets if blockade doesn’t bring the Iranians to the negotiating table. Maybe I’m wrong but delay in decision is worse than being wrong.

The story:

…For the past 5 1/2 months, the initial unemployment claims data have not really changed…

…The data are oscillating about a slowly increasing value, indicating that, if anything, unemployment claims are increasing. That means that for the past 5 1/2 months, every time the administration has told us that the unemployment situation is slowly recovering, and that the data show “the right trend,” they have been absolutely mistaken.

The media has been doing their typical baby duck analysis: every day is a brand new day, every unemployment claims report is the first one they’ve ever seen. So we get headlines like, “job situation improving” when the number of claims drops, and “unexpected increase” when the number rises…

If you click on the link, there is a chart which clearly shows this. To put the brightest face on it, there has been no improvement, at all. A more worrisome aspect is that the trend line is, indeed, slightly upwards…which means that, overall, employment continues to decrease in the United States.

While employment is a lagging indicator, if we were in a genuine recovery we should see at least some improvement in the employment picture. All we’ve seen is some smoke and mirrors – or, at best, numbers just misunderstood.

Until we start getting men like him back to work, we’re going nowhere.

Have at it, boys and girls. Just couldn’t think of anything worth writing about for the AM.