Posts Tagged ‘Spike’

Is The President Being Honest About The "Student Loan Crisis?"

by Austin Hill on Saturday, May 12th, 2012

This is article 120 of 259 in the topic Education

Is President Obama right about a looming student loan debt crisis?

It depends on how you define “crisis.” But there is a problem, and it is real.

What remains to be seen is whether or not the President – or anybody else, for that matter – is willing to face the real problem in higher education. Financing an education is not so much a problem, as is the stark reality that the cost of tuition consistently goes up, even when the price of other things declines.

It is a fact that over the last decade many “adjustable rate” student loans were issued, both by private lending institutions and government agencies. Just as they were intended to, the rates on those loans “adjust” upward. And on this point, the problem of student loan debt is similar to the mortgage crisis. Just as many Americans bought more home than they could afford, so also did many students “buy” more education than they could afford, or, at least, they bought their education under financial terms that eventually either have become or will become unmanageable.

But why is it that the price of college and university tuition generally only moves in one direction – upward? And why does the price of higher education rise, even when the prices of other goods and services in our economy decline? Most reports indicate that college tuition rates have continued to rise over the past four years. Yet during this same period, overall prices have mostly been flat or have dropped, even to the point where many economists have expressed fear about a looming deflationary cycle (the recent spike in global oil prices and the corresponding rise in other prices have been about the only exception to this rule).

The answer to this question is found in a very important fact. It is a consistent agenda item within institutions of higher learning to offer as many low cost, and even “free” tuition programs as possible. Whether you’re examining state run colleges and universities, or private institutions, look in to the details of school’s budgets and the agenda becomes clear. It is a point of pride if, year after year, when institutions can report that they issued more “scholarship” programs that are doled-out according to ‘financial need.”

A glaring admission of this came to light back in 2009, shortly after President Obama took office. In one of his first college commencement addresses that he would deliver as President, Mr. Obama traveled to Tempe, Arizona, home of Arizona State University. In a speech that discouraged what the President labeled the “selfishness” of business and for profit enterprise, Barack Obama admonished the students to instead deny themselves the pursuit of the “corner office” and pursue government employment, and charitable non-profit work.

These remarks from the President were not surprising, and were consistent with his disdain for private enterprise. What was a bit shocking, however, were the comments from the man to precede him at the podium, ASU President Dr. Michael Crowe.

Dr. Crowe began his speech of introduction with glowing remarks about President Obama. “No national leader before you,” Dr.

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Bungle Fever: Spike Lee Apologizes for Trying to Send Angry Mob to Attack the Wrong People

by Doug Powers on Thursday, March 29th, 2012

This is article 259 of 576 in the topic Media

Eh, I still hope the couple sues him… or at the very least sends him a hefty bill for their hotel room, all expenses, and a whopper of an emotional distress invoice:

Brooklyn movie director Spike Lee apologized Wednesday for retweeting the address of an elderly Florida couple he thought belonged to the man who shot and killed an unarmed black teen.

The outspoken “Do The Right Thing” filmmaker forwarded the address thinking it belonged to George Zimmerman, the volunteer neighborhood watchman who shot and killed Trayvon Martin last month.

The Sanford, Fla. address actually belongs David and Elaine McClain, public school employees both in their 70s who have nothing to do with the tragedy, reports.

“I Deeply Apologize To The McClain Family For Retweeting Their Address,” Lee tweeted Wednesday. “It Was A Mistake.Please Leave The McClain’s In Peace.Justice In Court.”

“Justice in court”… or via street mob if somebody would only give Spike Zimmerman’s correct address.

Lee could show how sorry he is by putting his Tweets on a roll of this and sending it to the McClains so they can put them to good use.

Update: Yeah, it looks like the couple is preparing to sue him.

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Spike Lee tweets incorrect Zimmerman address

by John Lott on Wednesday, March 28th, 2012

WIth a $10,000 bounty on Zimmerman, just how irresponsible was it for Spike Lee to tweet what he thought was Zimmerman’s address? How bad is it that Lee gave out someone else’s address? From the Daily Caller:

Filmmaker Spike Lee tweeted the wrong home address for George Zimmerman, the Sanford, Fla., man who many are claiming should be arrested for shooting and killing Trayvon Martin. The tweet could have potentially put the woman who actually lives at that address in danger. . . .

More evidence that Martin attacked Zimmerman.

As Florida braced itself for what could be the biggest day of protest yet in the Trayvon Martin case, police revealed new details that depict the slain 17-year-old as the aggressor and appear to support George Zimmerman’s claim that he was acting in self-defense when he shot the teenager. . . .

The Orlando Sentinel is reporting that police sources say Martin was the aggressor on Feb. 26, knocking Zimmerman to the ground with a single punch and then climbing on top of the 28-year-old neighborhood watch captain and slamming the back of his head into the ground. Police say this account, given by Zimmerman, is supported by eyewitnesses, according to the Sentinel’s report.

One such witness reportedly told police that he saw Martin on top of Zimmerman, striking the man, while Zimmerman cried out for help. The attack left Zimmerman bloodied, police sources told the Sentinel, and led him to fire at Martin in self-defense.

Police say Zimmerman was bleeding from the nose, had a fat lip and confirm that the back of his head was cut. He received first aid at the scene but refused to go to the hospital and received medical treatment the following day, according to the Sentinel’s sources. . . .

There is an incredibly poorly written piece in the Orlando Sentinel available here.

More is also coming out about Martin.

As Dan Linehan, a blogger at, pointed out, correspondence with Martin on Twitter before he died alludes to an incident with a bus driver. “Yu ain’t tell me you swung on a bus driver,” Martin’s cousin wrote to him on Feb. 21.
The same week, Martin was suspended for 10 days from Dr. Michael M. Krop Senior High School in North Miami-Dade. “He was not suspended for something dealing with violence or anything like that,” his father said. “It wasn’t a crime he committed, but he was in an unauthorized area [on school property],” declining to offer more details.
But a family spokesman told the Associated Press on Monday that Martin was suspended because marijuana residue was found in his book bag. . . .

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Congressional Dems getting worried about high gas prices

by John Lott on Thursday, March 1st, 2012

This is article 140 of 269 in the topic energy

From The Hill newspaper:

Congressional Democrats are ramping up pressure on President Obama to tap the Strategic Petroleum Reserve (SPR) to prevent rising gas prices from threatening the economy and their election-year prospects.

They are growing anxious that the price of fuel could reverse their political fortunes, which had been improving due to signs of growth in the economy.

Republicans have hammered Democrats on the price spike, repeatedly noting that gas prices — now at $3.72 per gallon for regular — have doubled since Obama won the White House. . . .

John Stossel has this piece responding to the claims about monopoly power by oil companies driving up the price.

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Obama: Republicans Playing Politics with Spiking Gas Prices

by Doug Powers on Friday, February 24th, 2012

This is article 56 of 75 in the topic Oil Industry/OPEC

Today in Florida, President Obama addressed gas prices that are getting so high they can almost see the top of Nancy Pelosi’s unfavorable rating. Obama’s speech hit on many of the predictable points, and from what I’ve read so far it boiled down to two things: We can’t drill our way to lower gas prices, and if we try to kick-start enough Solyndras eventually some of them might get off the ground before the country goes bankrupt.

From The Hill:

President Obama railed against Republicans on Thursday for “licking their chops” and using a spike in gas prices as a political opportunity.

Appearing at the University of Miami in a high profile speech on energy, Obama aimed to deflect the criticism his administration has received for failed energy policies and higher gas prices.

Obama sought to telegraph a message that he is doing all he can to improve energy policy while accusing Republicans of politicizing the issue.

“Only in politics do people greet bad news so enthusiastically,” Obama said before a crowd of students, according to his prepared remarks.

“You pay more and they’re licking their chops? And you can bet since it’s an election year, they’re already dusting off their three-point plans for $2 gas. I’ll save you the suspense: step one is drill, step two is drill, and step three is keep drilling.

Playing politics with high gas prices in an election year? Now who would do a thing like that?

Returning to our current gas price spike, Obama Spokesman Jay Carney also reminded everybody this week that it was the GOP who denied the Keystone project. Always against the construction of oil pipelines — that’s how Republicans roll.

Earlier today, DNC Chair Debbie Wasserman Schultz offered the same:

“The Republican field, like Mitt Romney, thinks that we just need to remain tethered and dependent on foreign oil because all they would do is more and more drilling, which is a very shortsighted approach and it would do nothing to prevent people who are struggling to put $80 into their gas tanks to be able to make sure that that’s more affordable,” Wasserman Schultz said on MSNBC.

“And that is another example of how they are economically out of touch,” she said.

Keep in mind the statement about who is economically out of touch is coming from someone who thinks that sinking billions of dollars worth of taxpayer subsidies into a “green” car that is only affordable to buyers who earn an average of $170,000 a year (not to mention huge corporations with ties to the administration) is economically in touch.

In the coming weeks and months, as we’re told that the key to energy independence is to “invest” billions more into clean energy projects and assorted “green” sinkholes, remember that our debt per capita has now surpassed that of Greece:

That would have bought a lot of gas.

Don’t worry though… Obama says he’s got five more years to work on a fix. Plenty of time.

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Charlie Rangel Falls Asleep During Obama Speech

by Doug Powers on Sunday, January 22nd, 2012


At least I have something in common with Charlie Rangel:

President Obama’s fund-raising tour of New York was highlighted by a few funny moments — including Rep. Charlie Rangel falling asleep during his speech, and the president proclaiming he preferred Showtime’s “Homeland” to the Republican debates.

Obama raced through the city on Thursday, appearing at two events at Upper East Side restaurant Daniel, then at a dinner for 40 at Spike Lee’s townhouse, followed by a fundraiser at the Apollo.

A witness tells us Rangel “passed out” at his table at the Harlem venue’s “A Night to Remember” event and, “His wife Alma was shaking him to wake him during the president’s speech.” A rep for Rangel denied he fell asleep.

Believe it or not, Chollie’s snooze had nothing to do with Obama. It’s tax season, so Rangel always hibernates at this time of year.

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Some Dems in Congress want national board to determine what reasonable oil company profits would be

by John Lott on Saturday, January 21st, 2012

This is article 100 of 191 in the topic Government Regulations

From The Hill newspaper:

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits.

The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding “a reasonable profit.” It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress. . . .

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