May Day Protests Erupt

Thousands of protesters in New York demanded an end to income inequality and housing foreclosures. Police fired tear gas to disperse marchers in Oakland, Calif. And black-clad demonstrators smashed windows in Seattle and occupied a building owned by the Catholic archdiocese in San Francisco.

Activists across the U.S. joined in worldwide May Day protests Tuesday, with anti-Wall Street demonstrators leading the way in some cities as they tried to recapture the enthusiasm that propelled their movement last fall.

While some protesters clashed with police, the melees were far less violent than ones that erupted last fall when the movement was at its peak. Marches and strikes led to a handful of arrests but no major disruptions.

Many of the rallies, which drew activists pushing a variety of causes, also did not have the same drawing power that gatherings had last year for the Occupy movement or a half-dozen years ago for May Day rallies for immigration reform.

In recent years, activists in the U.S. used May Day to hold rallies for immigrant rights, but the day has been associated for more than a century with workers’ rights and the labor movement both in the U.S. and elsewhere.

Read More at OfficialWire. By Terry Collins, AP.

Photo Credit: DoctorTongs (Creative Commons)

CNN’s Ratings Plunge in April, Worst in Over a Decade

CNN, which had been making some strides at unseating MSNBC as the number two cable news network, took a giant step backward in April with its lowest rated daytime ratings in the A25-54 demo in over a decade. In addition, compared to last year, the network is down 21% in total viewers and 29% in the A25-54 demo, while Fox News was up and MSNBC was down slightly in the demo.

The news was almost as bad in primetime, with CNN suffering its lowest rated month since August 2010 in total viewers and the demo. That made it CNN”s sixth worst primetime ratings ever in total viewers, as it shed 16% in that category and 22% in the A25-54 demo compared to last year. Fox News was flat in total viewers and MSNBC was down slightly, while both lost 9% in the demo, underscoring the steep decline of CNN.

On top of that, every single hour of CNN primetime was down by double digits compared to last year except for AC360 at 8 p.m., which was down “just” 8%.

CNN, which benefited in 2011 from major news events like the tsunami in Japan and the Arab Spring, has suffered from a lack of those types of events this year, but the steep drop-off can’t be explained away solely by the dearth of major news events.

Until now, CNN executive vice president Ken Jautz thought he had been making progress in reviving the network, even beating MSNBC in the ratings a couple of times. But the latest report has CNN largely back to where it was when Jautz was hired in September 2010.

Read More at Accuracy in Media. By Don Irvine.

New Obama slogan has long ties to Marxism, socialism

The Obama campaign apparently didn’t look backwards into history when selecting its new campaign slogan, “Forward” — a word with a long and rich association with European Marxism.

Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name “Forward!” or its foreign cognates. Wikipedia has an entire section called “Forward (generic name of socialist publications).”

“The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications,” the online encyclopedia explains.

The slogan “Forward!” reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.

The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word “Forward” with the “O” having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign’s official beginning.

Read More at The Washington Times. By Victor Morton.

Obama Smirks: Again Suggests Romney Wouldn’t Have Killed Bin Laden

At a press conference with the prime minister of Japan this afternoon, President Obama said that Americans haven’t excessively celebrated the death of Osama bin Laden, and suggested that Mitt Romney would not have made the decision to kill the terrorist mastermind.

“I’d just recommend that everybody take a look at people’s previous statements in terms of whether they thought it was appropriate to go into Pakistan and to take out bin Laden,” Obama said, obviously taking a shot at Romney. “I assume that people meant what they said when they said it. And that’s been at least my practice. I said that I would go after bin Laden if we had a clear shot at him–and I did. If there are others who have said one thing and now suggest they would do something else, then I’d go ahead and let them explain it.”

The president was visibly smirking as he made today’s statement. It also mirrors a campaign ad the president released Friday, which likewise suggests that Romney wouldn’t have killed bin Laden if he, as commander in chief, would have been in the same position.

Read More at The Weekly Standard. By Daniel Halper.

EPA Manager Who Called ‘Crucify’ Quits

The regional Environmental Protection Agency executive who told an audience his “philosophy of enforcement” was to “crucify” and “make examples of” energy companies has quit.

In a letter to EPA administrator Lisa Jackson over the weekend, Al Armendariz, the former top environmental official in the South and Southwest Region, said he regretted the comments but boasted of his “integrity and hard work.”

“As I have expressed publicly, and to you directly, I regret comments I made several years ago that do not in any way reflect my work as regional administrator,” he wrote. “As importantly, they do not represent the work you have overseen as EPA administrator.”

He continued, “I take great pride in having built a career based on integrity and hard work. These are the principles that guide me personally as well. While I feel there is much work that remains to be done for the people of this country in the region that I serve, after a great deal of thought and careful consideration, I have come to the conclusion that my continued service will distract you and the agency from its important work.”

His words came in a Texas meeting in 2010.

Read More at WND

Occupy Wall Street Plans Global Protests in Resurgence

Occupy Wall Street demonstrators, whose anti-greed message spread worldwide during an eight-week encampment in Lower Manhattan last year, plan marches across the globe today calling attention to what they say are abuses of power and wealth.

Organizers say they hope the coordinated events will mark a spring resurgence of the movement after a quiet winter. Calls for a general strike with no work, no school, no banking and no shopping have sprung up on websites in Toronto, Barcelona, London, Kuala Lumpur and Sydney, among hundreds of cities in North America, Europe and Asia.

In New York, Occupy Wall Street will join scores of labor organizations observing May 1, traditionally recognized as International Workers’ Day. They plan marches from Union Square to Lower Manhattan and a “pop-up occupation” of Bryant Park on Sixth Avenue, across the street from Bank of America’s Corp.’s 55-story tower.

“We call upon people to refrain from shopping, walk out of class, take the day off of work and other creative forms of resistance disrupting the status quo,” organizers said in an April 26 e-mail.

Occupy groups across the U.S. have protested economic disparity, decrying high foreclosure and unemployment rates that hurt average Americans while bankers and financial executives received bonuses and taxpayer-funded bailouts. In the past six months, similar groups, using social media and other tools, have sprung up in Europe, Asia and Latin America.

Read More at Bloomberg. By Henry E. Goldman and Esme’ E. Deprez.

Photo Credit: DoctorTongs (Creative Commons)

Republicans prepare contempt citation against Eric Holder over Fast and Furious

(CBS News) — House Republicans investigating the Fast and Furious scandal plan to pursue a contempt citation against Attorney General Eric Holder, senior congressional aides told CBS News.

The resolution will accuse Holder and his Justice Department of obstructing the congressional probe into the allegations that the government let thousands of weapons fall into the hands of Mexican drug cartels.

The citation would attempt to force Holder to turn over tens of thousands of pages of documents related to the probe, which has entered its second year.

For months, congressional Republicans probing ATF’s Fast and Furious “Gunwalker” scandal – led by California Republican Rep. Darrell Issa, have been investigating a contempt citation. They’ve worked quietly behind the scenes to build support among fellow Republicans, since it could ultimately face a full House vote.

CBS News has confirmed that House Speaker John Boehner, an Ohio Republican, was provided a 48-page long draft by Issa, who heads the House Oversight and Government Reform Committee.

Read More at CBS News. By Sharyl Attkisson.

Photo Credit: ryanjreilly Creative Commons

Reviewing Last Week’s Key Polls

Despite media fixation on the scream of the week, most Americans remain focused on the essentials, and their views on them are consistent over time, even if the Political Class continues to ignore them.

Take the auto bailouts. They’ve been unpopular since day one, and they’re still unpopular. Admittedly, thanks to the political spin out of Washington, the bailouts are a bit less unpopular because many Americans incorrectly believe the government made money or broke even on them. But when informed of the real price tag, opposition is just as high as ever.

The majority of Americans nationwide still believes General Motors should have gone through the regular bankruptcy process instead of the federal government taking over in exchange for bailout money.

But then President Obama recently suggested that government investment is what has made America great. Voters express a lot more confidence in the free enterprise system. In fact, just 27% agree that government investments made America great. By comparison, 69% think the free enterprise system deserves the credit.

Unfortunately, and this is where the Political Class again enters in, many see crony capitalism at work in the free market system, especially when it comes to the awarding of government contracts. Sixty-six percent (66%) of voters believe most government contracts are given to the company with the most political connections rather than the one that can provide the best service for the best price.

Read More at rasmussenreports.com.

Arizona v. United States: Reading the Tea Leaves of Oral Argument

On April 25, 2012, the U.S. Supreme Court heard oral argument in Arizona v. United States, involving the constitutionality of the State’s effort to combat illegal immigration. In one sense, it was a rematch between former Solicitor General Paul Clement, arguing for Arizona, and the current Solicitor General, Donald Verrilli, contending for the United States. The two had squared off just a month before in United States v. Florida, the battle royale over the constitutionality of the ObamaCare mandate requiring everyone to purchase health care insurance prescribed by the federal government.

In each case, the justices, by their questions and comments, appeared to disfavor the Obama administration’s position. In the ObamaCare case, several justices expressed concern that, if the individual mandate were to be found constitutional, it would dismantle the federal system, rendering the Tenth Amendment reservation of powers to the States and the people a dead letter. Now, in the Arizona immigration case, several justices expressed concern that the Obama Administration’s claim of “exclusive power” to regulate immigration would have a similar impact on the independence and sovereignty of the 50 states.

The issue arose early in the oral argument, even before the solicitor general could make his claim of exclusivity. Justice Scalia kicked off, asking Mr. Clement whether he would concede “that the State has to accept within its borders all people who have no right to be there, that the Federal Government has no interest in removing … and the State has no power to close its borders to people who have no right to be there.” Remarkably, Mr. Clement did not answer the justice’s inquiry with a firm no, prompting Justice Kennedy to inquire: “Can we say, or do you take the position that a State must accept within its borders a person who is illegally present under Federal law?” This time Mr. Clement answered: “I think my answer to that is no.” But he did not back up his answer with either reason or conviction, resting Arizona’s case on the sole ground that the state has the constitutional right to help the federal government to enforce federal law.

In contrast, General Verrilli boldly rejected Mr. Clement’s basic argument that the Arizona immigration law was nothing more than the state “aid to Federal immigration enforcement,” when as a matter of fact, “Arizona is pursuing its own policy of attrition through enforcement and that the provisions of this law are designed to work together to drive unlawfully present aliens out of the State. That is something Arizona cannot do because the Constitution vests exclusive –“

Read More at Western Journalism. By Herbert W. Titus and William J. Olson.

Does Quantitative Easing Benefit the 99% or the 1%?

Forget Competing Theories … What Do the Facts Say about Quantitative Easing?

Paul Krugman says that QE, expansive monetary policy and inflation help the little guy (the 99%) and hurt the big banks (the 1%).

Of course, followers of the Austrian school of economics dispute this argument – and say that it is only the big boys who benefit from easy money.

As hedge fund manager Mark Spitznagel argues in the Wall Street Journal, in an article entitled “How the Fed Favors The 1%”:

The relentless expansion of credit by the Fed creates artificial disparities based on political privilege and economic power. [We have repeatedly pointed out that Fed policy increases inequality.]David Hume, the 18th-century Scottish philosopher, pointed out that when money is inserted into the economy (from a government printing press or, as in Hume’s time, the importation of gold and silver), it is not distributed evenly but “confined to the coffers of a few persons, who immediately seek to employ it to advantage.”

In the 20th century, the economists of the Austrian school built upon this fact as their central monetary tenet. Ludwig von Mises and his students demonstrated how an increase in money supply is beneficial to those who get it first and is detrimental to those who get it last. Monetary inflation is a process, not a static effect. To think of it only in terms of aggregate price levels (which is all Fed Chairman Ben Bernanke seems capable of) is to ignore this pernicious process and the imbalance and economic dislocation that it creates.

Read More at zerohedge.com

Photo Credit: Medill DC (Creative Commons)