Memo to Obama: For the record, a recession is defined as two quarters with negative
growth. We haven't even had one quarter with negative growth so - its official.
We Are Not In A Recession.
Sen. Schumer (D-N.Y.) took the campaign to downplay the economy a step further.
Federal regulators claim comments and a publicly released letter from Sen.
Schumer, raising concerns about Indy Mac Bank's solvency, caused depositors to withdraw
more than $1.3 billion from their accounts. Which resulted in it being
seized by federal regulators, in one of the largest bank
failures in US history. Thanks, Chuckie. Next step: Blame Bush.
Big news you may have missed. The Iranian missile tests that pushed up the price of oil last
week were faked. A fake photo released by Sepah News (Iranian News) turned up on
the front pages of LA Times, BBC, NY Times,..well, you get the idea. Turns out the pictures were fauxtography. Oops.
GOOD NEWS:
There was so much positive news out of Iraq last week (unreported by the old media)
that I don't have enough space for all of it. I write about it in my new column
'We Won.'
In case you haven't yet heard, the earth is not melting. The journal
Science
published a
seventeen year study of Greenland's ice sheet that flatly
contradicts all such hysterical claims. Space and Science goes further showing that
the earth's cycle of
global
warming has ended and the earth has entered into a period of global cooling.
A
proposed
law in Fremont, Nebraska aims to make illegal immigrants, well, illegal.
The left is
outraged. Yawn.
Unless a judge intervenes, South Carolina (my adopted state)
will begin issuing faith based license plates. Apropos
of nothing,
a federal judge has thrown out former California congressman Gary Condit's
defamation lawsuit against Dominick Dunne. Remember Chandra Levy?
GOVERNMENT AT WORK:
Democrats are standing firm on keeping Americans from drilling for oil, which we
have in abundance. This, despite a
Pew research poll which shows fully half of all Americans
now support drilling - up from 42% five months ago.
Congress tucked
$277.9 million worth of pork into the appropriations bill
it passed before leaving for the fourth of July holiday. That's a 122% increase
over last year's bill. California has made it mandatory for
cars to be labelled with 'global warming scores'. Rasmussen
reports that congressional approval ratings are now
in the single digits - for the first time ever. Just so.
CULTURE:
More good news for gays as McDonald's
takes up the rhetoric of gay activists, suggesting that
anyone that opposes same-sex marriage is motivated by hate. Next thing you know,
Ronald will be coming out of the closet. No more Big Macs for me.
Speaking of food,
world leaders at the G8 summit dined on a six-course lunch,
followed by an eight-course dinner as they gathered to address how to address world
hunger. Snack on that.
PC MADNESS:
Plans in Britain to clear undergrowth
from a gay sex spot have been branded as discriminating
against gays and British toddlers who turn up their nose at spicy food from overseas
could be
branded racist by a government agency. A British airport
has advertised for an air traffic controller. All applicants are offered an
application pack in braille.
The American Medical Association is
issuing a formal apology for past racial discrimination.
Mea culpa. No cure yet for the newly discovered syndrome of brown nosing.
ESSENTIAL TRIVIA:
According to a new study, the last quarter century has seen a dramatic
increase in the frequency of sex among the 70 year-old set.
Scientists in Argentina are
strapping plastic bags on cows in order to better understand
the effect of cow flatulence on global warming.
Play Stations, new kitchens and art classes are part of Saudi Arabia's soft, squishy
approach to
rehabilitating terrorists. Barack Obama graces
the cover of Rolling Stone, for the second time. Looks
like the new messiah is now also a rock star. Sigh. A computer system called Polaris
outperformed some of the world's top poker players at a
human-vs-machine competition in Las Vegas.
Check out
trailer for
the movie environmentalists don't want you to see.
'Not Evil, Just Wrong.'
IDIOT OF THE WEEK:
We have another tie this week. I can't figure out which guy is stupider: Representative
Edward Markey (D-Mass.) who
told high school seniors that climate change had caused
Hurricane Katrina and the conflict in Darfur or:
L.F. Eason III, a 29-year veteran of the state Department of Agriculture who
quit his job rather than fly the N. Carolina flag at half
mast to honor Jesse Helms.
Till next Monday, keep smiling,
Nancy Morgan
This column is dedicated to Tony Snow. A good man.