It has been said that even a stopped clock is right twice a day. Using that standard, a stopped clock is right far more often than the Reverend Al Sharpton. But every once in a while, the Rev Sharpton does get something right. As critical as your editor has been of Mr Shapton, it is only fitting that I take note when he gets something right.
The “Realize the Dream” rally, hosted by the Reverend’s not-for-profit organization National Action Network, was more about decrying gun rights and the Supreme Court’s Voting Rights Act decision than actually remembering the late Dr. Martin Luther King Jr. But Sharpton took the time during his lengthy remarks to admonish the youth of America, namely young African-American men.
“We need to teach our young folk, I don’t care how much money they give you, you don’t disrespect your women,” Sharpton said. “No matter what they promise you, make it clear that you know that Rosa Parks wasn’t no ho and Fannie Lou Hamer wasn’t no b**ch.”
Sharpton told the crowd that it was important to give young people dreams again, just as King dared to dream of a better America in the face of those who wanted him dead. But in order to give young people dreams, the country needs to better fund the public school system and make it a place for young people from diverse backgrounds to thrive.
“You wonder why they’re walking around with their pants down,” he said. “Because that’s what you wear in jail. And if you think that’s where you’re headed, you might as well get dressed before you get there. We need to give them dreams again, not to worry about sagging pants, but sagging morality. If we told them who they could be and what they could do they would pull up their pants and go to work.”
A bit more at the link.
This isn’t the first effort along these lines from the black leadership. In 1995, Louis Farrakhan organized the so-called Million Man March. It was often mocked, and didn’t live up to its own numbers projection, but Mr Farrakhan was on he right track in calling for solidarity among black men in doing the right thing, in treating women and children properly and taking personal responsibility for their actions. From Wikipedia:
Although the march won support and participation from a number of prominent African American leaders, its legacy is plagued by controversy over several issues. The leader of the march, Louis Farrakhan, is a highly contested figure whose biting commentary on race in America has led some to wonder whether the message of the march can successfully be disentangled from the controversial messenger. Two years after the march, the Million Woman March was held in response to fears that the Million Man March had focused on black men to the exclusion of black women. Finally, within the first 24 hours following the March a conflict between March organizers and Park Service officials erupted over crowd size estimates. The National Park Service issued an estimate of about 400,000 attendees, a number significantly lower than March organizers had hoped for. After a heated exchange between leaders of the march and Park Service, ABC-TV funded researchers at Boston University estimated the crowd size to be 837,000, plus or minus 20%.
I thought that the protests over this being a march for men, excluding women’s issues, was kind of silly; the whole purpose of the march — before it got sidetracked with extraneous marginal issues — was about black men actually behaving like men, adult men, responsible men, men doing the right thing.
I have said before that I didn’t have very high hopes for Barack Hussein Obama’s presidency, because his policies were so bad, but I did think that he might inspire other black Americans to follow his example, to work hard in school, get good grades, and try to make something of yourself. Thus far, there isn’t a lot of evidence that his presidency has had this kind of effect in any significant numbers, but there’s still a chance.
The black community in the United States is simply behind, in terms of education and economic success, and it is the former which is responsible for the latter. White Americans can say what is needed within the black community to help itself, but what needs to be done can only be done in the black community, by American blacks. The Reverend Sharpton is, at least for now, on the right track.
There is a combined Arby’s/ Long John Silver’s fast food restaurant on Blakeslee Boulevard outside of Lehighton, Pennsylvania, across from the Lowe’s store. Other than the managers, most fast food employees are minimum wage (or very close) workers, and such places tend to have high turnover of personnel.
Such places also frequently have seemingly uncaring personnel. But, on the Arby’s side, there is an older woman named Loretta (I think), who is absolutely excellent at her job. She provides service with a smile, remembers her customers, and is unfailingly helpful. I don’t go there very often, but she remembered me, by name, and is as cheerful a worker today as she was on her first day, over a year ago. (I met her on her first day there.)
On the Long John Silver’s side, there is a gentleman, maybe in his late 20s. I didn’t catch his name, but he has neat, short hair and wears a Van Dyke beard. He is the same as Loretta: he hops to it, greets customers with friendliness and courtesy, and is as helpful as he can be. He hasn’t been on this job as long as Loretta, but I have seen him more than once.
If I had any kind of customer service business at all, I would hire them both, as quickly as I could. They are exactly the kind of people any businessman would want, people who are dedicated to their jobs and do their jobs well, even if they aren’t being paid a great wage.
As the company struggles to compete in the digital age, Nook owners wonder what will happen if the bookstore follows Borders into oblivion.
Barnes & Noble is getting a lot of attention these days, particularly for a stock whose market capitalization now languishes below the $1 billion mark and is worth less than Noodles & Co., the fledgling fast-food franchise that went public only months ago.
There are some good reasons for that attention. First, and most significantly, are the company’s financial results. It’s bad enough that Barnes & Noble reported a wider fiscal first-quarter loss than anticipated, of $87 million or $1.56 a share, double the loss announced in the same quarter a year ago.
Worse, the company is still struggling to compete in the digital age. Its management remains committed to selling the Nook e-reader/tablet devices in order to keep selling digital content — books, magazines and a host of other features — that likely is more profitable than printed matter. (Barnes & Noble doesn’t break out the profitability of the Nook hardware business or that of sales of digital content, but some analysts calculate margins on the latter could be as high as 50%.)
More at the link.
Your Editor is an avid reader, and loves books; there are books all over his humble abode. But there are also Kindles in our house: my wife has a Kindle Fire, and both of our daughters have standard Kindles, while I have an Acer Tablet with a Kindle function. They are all on the same account, so when any of us buys a Kindle book, it will download to everybody’s reader.
It’s a matter of convenience: if there’s a book I want to read, I can go online, either through my desktop or on my Tablet, order the book, and it’s electronically delivered in just a few seconds. Because there is no paper or printing cost, Kindle books are less expensive in themselves, and there is no time of gasoline spent driving to the Barnes & Noble store in the Lehigh Valley Mall, 25 miles away. As far as green technology is concerned, while there’s some expense for charging the Kindles and tablet, there is no gasoline burned, no wear and tear on the vehicle, no trees cut down, just none of the costs associated with printing books.
Barnes & Noble foresaw this, and created their Nook tablet reader. However, in their attempt to keep their brick-and-mortar stores in business, their Nook is locked into buying content from publishers through Barnes & Noble. With Borders having already failed, and B&N looking like it could be on the ropes, what happens to Nook owners and the utility of their devices if the company folds?
For whatever reasons potential consumers have had, Nook sales have declined dramatically.
For a reader, there’s something comforting about a Barnes & Noble store: you can go in, take as much time as you want browsing, and even take a book off the shelf, sit down in a comfortable chair, and read it there, without buying it. But part of the trouble for B&N is that I can do that, get interested in a book, and then buy it for less money — sometimes far less money — from Amazon into my Kindle. I am not poor, and I have been known to just plain waste money, but I can be sensible about my spending as well.
I’ve noted before that I like physical, printed newspapers, but that the only newspaper to which I subscribe is The Wall Street Journal, in digital format. I am able to get the news I want, up to the minute, without killing any trees, without getting newsprint on my fingers, and without having any trash to throw away. While books don’t get thrown away in our house, they do take up space, and Kindle books reduce the clutter. What I like, in a comfort sense, has a downside, one which is being addressed by modern technology, and it’s getting difficult for me to see Barnes & Noble, or any company which relies on the print medium, as having much of a profitable future in the longer term. Investors might be able to make some money, short term, in such stocks, but I would never recommend considering them as long term investments.
It’s the weekend and time, once again, for THE FIRST STREET JOURNAL’S version of Rule 5 Blogging. Robert Stacey Stacy McCain described Rule 5 as putting pictures of pretty women somewhat déshabillé, but, on this site, our Rule 5 Blogging doesn’t put up pictures of Heidi Klum in her summer clothes, but women, in full military gear, serving their countries in the armed forces. The terribly sexist authors on this site celebrate strong women, women who can take care of themselves and take care of others, women who have been willing to put their lives on the line in some not-so-friendly places, women who truly do have the “We can do it!” attitude.
Your Editor’s father’s family came to the United States — to Maui, actually — in the 1880s, from Portugal, so today, it’s the Portuguese Army!
SrA Andreia Palma of AB4 prepares a weather forecast in advance of Hurricane Gordon expected to hit Lajes Air Base, Azores early Wednesday, 20 September 2006. (USAF photo by SrA Tabitha Kuykendall) (released)
Why did she have to ask? It turned out that the latest “hate crimes” scandal was a hoax perpetrated by our friends on the left. From Le*gal In*sur*rec*tion:
A massive racism hoax took place at Oberlin College in February 2013 in which two students made seemingly racist, anti-Semitic and other such posters, graffiti and emails for the purpose of getting a reaction on campus, not because they believed the hostile messages. At least one of the two was an Obama supporter with strong progressive, anti-racist politics.
School officials and local police knew the identity of the culprits, who were responsible for most if not all of such incidents on campus, yet remained silent as the campus reacted as if the incidents were real. National media attention focused on campus racism at Oberlin for weeks without knowing it was a hoax.
The hoax was confirmed when Chuck Ross of The Daily Caller recently obtained police records. Now it’s out in the open. Here is the history of how the hoax developed, played out in the media, and was covered up by the Oberlin administration.
The “hate” incidents cause campus and the media to erupt in protest
During February 2013 into early March, there were racist, homophobic and anti-Semitic postings on an Oberlin message board and in graffiti and signs around campus.
The issues burst onto the national media scene when a student claimed to see someone walking in a Klan robe late at night.
From what I understand, the lovely Miss Dunham only comments when she can be pictured doing so with her pants around her ankles whilst sitting on the toilet, taking a dump. Perhaps the spirit hasn’t moved her . . . so to speak.
For the leftist meme on race to continue, for leftist policies on race to be justified, real, substantial racism on the part of whites toward blacks must exist. That’s why the George Zimmerman/ Trayvon Martin case just had to be pushed so hard by the left, one dead black teenager while the fact that literally thousands of young black men are being slaughtered in our major cities is being ignored, because the vast majority of those victims are being killed by other young black men. Without the racial angle, there’s no story.
The same outrage struck our friends on the left during the Duke lacrosse team rape case: a black woman claimed to have been raped by three white males at a team party in which she had been working as a stripper. Just as in the Zimmerman/Martin shooting, the preferred outcomes for the left were quickly falling apart once the actual facts of the cases became known. In the Zimmerman/martin case, the local law enforcement officials decided that there was simply not enough evidence to justify charges, but the left screamed and hollered and carried on, because they just knew, knew! that the wicked white man had to be guilty. The result? The jury’s verdict confirmed the local law enforcement officials’ judgement. In the Duke lacrosse team case, the accuser’s claims quickly fell apart, but an overzealous prosecutor continued, ignoring clearly exculpatory evidence. It was so egregious that the prosecutor, Mike Nifong, was removed from his post and disbarred. As far back as 1987, race hustler Al Sharpton made a fool of himself — not an unusual occurrence for the Reverend Sharpton — over the Tawana Brawley faked rape allegations.
The answer to Sis’ question is two fold:
The incidents have to be fabricated because the truth is that the civil rights movement, celebrating the fiftieth anniversary of the famed March on Washington this weekend and later this week, won! The governmental actions which were generated to end de jure segregation, the Civil Rights Act of 1964 and the Voting Rights Act of 1965, were passed and worked.1Moreover, employment opportunities are as open to black candidates as they are to white ones. The problems for black job seekers, in the aggregate, exist because blacks have dropped out of the educational system at greater rates than whites, something which permanently cripples a job seeker’s prospects.The incidents get fabricated, quite simply, because the real ones have so dramatically diminished. Most white people have of have had black co-workers, most white people have had black schoolmates, and most white people simply don’t have any reason or desire to do things as stupid as the fabricated incidents. There are a few real incidents, the murder of James Byrd being an obvious example, but the men who killed him were caught, tried, convicted and punished, without the need for any special political agitation.
The second part of the answer is simpler, and shorter: the race hustlers like Jesse Jackson and Mr Sharpton need those things to stay in the public eye, to have jobs for themselves. Without enough real incidents to keep them in the money, they have to embrace the fake ones as well, even when it becomes obvious that the faked ones really are fake. Racism does still exist, and will always exist as long as we have more than one race, but it has been dramatically reduced and is mostly manifested in small, private ways these days.
We have created a rhetoric of “gender identity” that is disconnected from biological sexual fact, and we have done so largely in the service of enabling the sexual mutilation of physically healthy men and women (significantly more men) by medical authorities who should be barred by professional convention if not by conscience from the removal of healthy organs (and limbs, more on that later), an act that by any reasonable standard ought to be considered mutilation rather than therapy. This is not to discount the feelings of people who suffer from gender-identity disorders — to the contrary, those feelings must be taken into account in determining courses of treatment for people who have severe personality disorders. But those subjective experiences do not render inconsequential the biological facts: A man who believes he is a woman trapped in a man’s body, no matter the intensity of his feeling, is no such thing. The duty of the medical profession is not to encourage and enable delusions, but to help those who suffer from them to cope with them. It is worth noting here that as a matter of law and a matter of social expectation, the fiction of sex change is treated as the paramount good: We are not expected to treat those who have undergone the procedure as men who have taken surgical and hormonal steps to impersonate women (or vice versa) but as people who have literally changed sex, which they have not — no more than Dennis Avner, the famous “Stalking Cat” who attempted to physically transform himself into a tiger, changed species.
“The Huffington Post, the London Daily Mail, MSNBC and Slate have all started using the feminine pronoun.
“NBC’s Today, USA TODAY, The Boston Globe, Politico, CNN, Fox, the New York Daily News, theNew York Post, the Daily Beast, the Los Angeles Times and The New York Times are using the masculine pronoun.”
Thursday, NPR decided to use male pronouns and explained its decision to The New York Times. On Friday, NPR’s Managing Editor for Standards and Practice Stu Seidel issued new guidance, saying that NPR’s “thinking has evolved” and that the network will honor Manning’s preferences.
From here on out, on first reference, the network will refer to the private as Chelsea Manning, while in the “near term” noting that she came to prominence known as Bradley Manning. The network also will use female pronouns.
When Mr Seidel announced that NPR’s “thinking has evolved,” what he really meant was that someone at NPR had taken some stupid pills. A physical examination of Mr Manning would reveal that he has (probably very small) male genitalia. If you do a DNA test on Mr Manning, you would find XY rather than XX chromosomes. Even if Mr Manning’s idiotic supporters raise enough cash for him to undergo hormone and surgical sex reassignment surgery, he will still not be female; he will be a castrated male with an imitation vagina and fake tits. The First Street Journal official stylebook states that Mr Manning will be referred to as Bradley Manning in the first instance, and either Mr Manning2 or simply Manning subsequently, and the male pronouns will be used.
(Fox News) Mystery solved. America’s ambassador to the U.N. Samantha Power was in Ireland on a personal trip when she missed an emergency meeting on the alleged chemical gas attack in Syria, U.N. sources tell Fox News.
A day earlier, State Department officials were mum when asked for information on Power’s whereabouts. She had come under fire for missing Wednesday’s urgent U.N. Security Council meeting, where delegations weighed how to respond to charges that the Assad regime had just committed the deadliest chemical weapons attack in the country’s two-year civil war.
The meeting, and her absence, came just 19 days after Power assumed the U.N. leadership post.
Power also did not attend a meeting Friday afternoon on Sudan — another trouble spot that Power has focused on in the past — though it is likely that such a meeting would have been attended by a deputy anyway.
Of course, your Editor thinks that it is probably a good thing that Ambassador Power was on vacation; the best thing that the West can do concerning the Syrian civil war is as little as possible, to see to it that the rebels get just enough arms to keep them fighting, but not enough to help them to actually win.
Have you ever dressed as a Founding Father? Well, you’re an extremist, as are the Founding Fathers, per Department of Defense training material
(The Blaze) U.S. Department of Defense education materials obtained by Judicial Watch, a conservative watchdog group, warn of “extremists” that will “talk of individual liberties, states’ rights, and how to make the world a better place.” Judicial Watch and other conservative media outlets claim the disclosure indicates the department is teaching that conservative views are “extremist” in nature.
The guide is reportedly authored by the Defense Equal Opportunity Management Institute, a Defense Department-funded diversity training center. Further, the documents cite the left-leaning Southern Poverty Law Center (SPLC) when identifying “hate groups.”
If the SPLC is involved, you know that all right leaning people are considered haters. Muslim extremists? Never. Some highlights from Judicial Watch
The document defines extremists as “a person who advocates the use of force or violence; advocates supremacist causes based on race, ethnicity, religion, gender, or national origin; or otherwise engages to illegally deprive individuals or groups of their civil rights.” (so, any State in the South that passes voter ID laws is now extremist, and if you’re against illegal immigrants? Extremist)
A statement that “Nowadays, instead of dressing in sheets or publicly espousing hate messages, many extremists will talk of individual liberties, states’ rights, and how to make the world a better place.”
“[W]hile not all extremist groups are hate groups, all hate groups are extremist groups.”
Under a section labeled “Extremist Ideologies” the document states, “In U.S. history, there are many examples of extremist ideologies and movements. The colonists who sought to free themselves from British rule and the Confederate states who sought to secede from the Northern states are just two examples.” (Founding Fathers considered extremists)
In this same section, the document lists the 9/11 attack under a category of “Historical events.”
Other than a mention of 9/11 and the Sudan, there is no discussion of Islamic extremism. (who’s surprised?)
While the document could certainly extrapolate certain Muslim and left leaning groups as “extremists”, the object, and focus, was to brand virtually all people on the right as extremists. The better to build a case for federal spying on the groups and individuals, and perhaps banning them.
More at the link.
Now, I particularly like the second bullet point: “Nowadays, instead of dressing in sheets or publicly espousing hate messages, many extremists will talk of individual liberties, states’ rights, and how to make the world a better place.” If you believe in individual liberty — as opposed to what? Forced socialism or government control? — you are simply a next generation Klansman. Mr Teach noted that the fourth bullet point would consider the Founding Fathers extremists, but the second does as well; it was the Founding Fathers, after all, who wrote into our Constitution such extremist statements as:
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances; and
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed; and
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
President Barack Hussein Obama took the same oath of office as the 42 men who preceded him, “I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.” Every Soldier, sailor, airman and Marine, upon enlistment or commissioning, swears that “I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same.” And yet, her we have, in the Department of Defense, over which President Obama controls as Commander-in-Chief, and under which every man and woman in our Armed Forces serves, we have a “training document” which posits that the Framers who wrote the Constitution which they are sworn to defend were extremists, and that some of the contents of that Constitution are evidence of extremism. Perhaps Robert Stacey Stacy McCain put it best in his article title, New Concept of ‘Rights’ in America: If You’re Not Gay, You Don’t Have Any.
January 20, 2017 cannot come too soon.
Paper Tiger Obama made his famous, or not so famous RED LINEspeech one year ago today. Dire consequences if crossed. However, Syria celebrated the anniversary by gassing 500 to 1300 civilians. Obama hosted football players. We have a paper tiger with no teeth, and mostly NO RESPECT by the world. What a joke.
Obama’s ‘red line’ is not so much being tested as ignored completely
The warning could not have been clearer. Exactly a year ago, President Barack Obama declared that if Syria’s regime were to unleash its chemical weapons – or even move them – America’s “red line” would be crossed and the whole “calculus” would change.
A military judge on Wednesday morning sentenced Army Pfc. Bradley Manning to 35 years in prison for leaking hundreds of thousands of classified documents to the anti-secrecy group WikiLeaks.
Manning, 25, was convicted last month of multiple charges, including violations of the Espionage Act for copying and disseminating the documents while serving as an intelligence analyst at a forward operating base in Iraq. He faced up to 90 years in prison.
Manning is required to serve one-third of the sentence, minus three and half years of time served, before he is eligible for parole. That will be in eight years when he is 33.
Judge Denise Lind, an Army colonel, said Manning was dishonorably discharged. He was also reduced in rank and forfeits all pay.
More at the link.
Your Editor is extremely disappointed. Mr Manning will be eligible for parole at the age of 33 — he is 25 now — and could have along and reasonably happy life after prison. Even if he serves the entire 35 years (including the 3½ years of time already served) he will be freed from Leavenworth by the time he is 56 years old, younger than your Editor is today.
Colonel Lind could have sentenced Mr Manning to 90 years in prison, effectively a life sentence. Had she done so, he would not have even been eligible for parole until he had served 26½ more years, until he was 51 years old. Now, this treacherous scumbag has the possibility of getting out of prison and mocking the country of his birth when he is still relatively young.
I sincerely hope that Mr Manning is never granted early parole, but even being released at age 56 is too early and too easy for him. I do not care if he had a rough life or he is sorry for what he did or that he was, as his defense attorney described him, “a well-intentioned but isolated soldier with gender identification issues.” I care that he betrayed his country! Nothing else is important.
Political tags – such as royalist, communist, democrat, populist, fascist, liberal, conservative, and so forth – are never basic criteria. The human race divides politically into those who want people to be controlled and those who have no such desire.
Robert A. Heinlein
Home Improvement Company Beats Analyst Expectations on Strong Demand
The counters are done, the countertops installed, backsplash has been tiled, and the microwave/ range hood installed. That’s my favorite wife at the range, but the counters hadn’t been cleaned of construction debris from hanging the microwave when this picture was taken. There is still more work to do. (Click photo to enlarge.)
By Saabira Chaudhuri | August 21, 2013, 7:04 a.m. ET
Lowes Cos. fiscal second-quarter earnings jumped 26%, beating analyst expectations, as the home improvement retailer logged double-digit percentage growth in revenue, buoyed by an improving housing market.
The company also raised its financial outlook for the year, now expecting per-share earnings of $2.10 on sales growth of 5% and same-store sales growth of 4.5%. Its previous expectation was for share earnings of $2.05 on sales growth of 4% and same-store sales growth of 3.5%.
Chief Executive Robert A. Niblock characterized home improvement demand as strong during the quarter ended Aug. 2, for which Lowe’s reported a profit of $941 million, or 88 cents a share, compared with a profit of $747 million, or 64 cents a share, a year ago. The year-earlier period included a one-cent charge related to staff reductions at the company’s U.S. headquarters and a three-cent charge tied to a calendar shift.
Analysts polled by Thomson Reuters had predicted per-share earnings of 79 cents on revenue of $15.07 billion.
Net sales were up 10% to $15.71 billion, while same-store sales were up 9.6%. Gross margin widened to 34.4% from 33.9%.
More at the link.
Your Editor would like to take some credit for Lowe’s beating earnings estimates for the second quarter, having spent thousands of dollars at the Lowe’s store in Lehighton, Pennsylvania this spring and summer. When you look at the picture of my darling bride (of 34 years, three months and two days) getting the garlic bread ready for dinner last Sunday, you are also looking at quartz countertops and a microwave range hood purchased from Lowe’s. The cabinets did not come from Lowe’s; we saved about $1,200 by going to a discounter for those. The new drywall came from Lowe’s, as did the paint on the walls, as did the floor tiles, and the electrical wiring, lights and receptacles. But even Alison Victoria liked the kitchen:
@alisonvictoria3 Does that mean you won't come to Jim Thorpe PA and crash our kitchen?
There is still a lot more to do. I have to finish trimming out the new window, and there’s more painting and trim work to be done.
If a story about our life personally seems a bit strange, remember that The First Street Journal is (almost) as much of an economics blog as it is a political one, and your Editor sees the economics behind the Wall Street Journal original as important: it means that homeowners are investing more in their homes than previously.
Nor is Lowe’s the only beneficiary: the stock chart to the left indicates that Home Depot has also been doing a lot better. Those ate the two biggest of big box retailers for home improvement material. (The new window you can see came from Home Depot.)
The United States’ economy is slowly improving. It has not been as fast as we would have liked, but it is steady and sustainable, and your Editor credits that to the Republicans in Congress having halted President Obama’s economic meddling dead in its tracks. Since the GOP won control of the House of representatives in the 2010 elections, they have reduced the scope of the automatic tax increases which would have taken effect at the beginning of this year, enforced the supposedly unacceptable federal spending sequester, and that has pushed down the federal deficit; it is projected to be under $700 trillion for FY2013. Had President Obama gotten his way, the deficit would have been much higher — he wanted to cancel the sequester completely — and we’d have been facing even higher debt service costs in the future. Having a Democratic President means that spending is still too high, but at least it isn’t as high as it could have been, and the Republicans have stymied almost all new programs. The liberals will claim that the recovery would have been faster had the Republicans not stopped things, but the economy has had its stronger recent performance since 2011, when the Republicans came into office.
What the economy has done has not made much of a dent in unemployment, but it has left people who had weathered the recession with their jobs intact confident enough to start to spend money again, and one of the best returns on investment can come in increasing the value of their homes.1
Our kitchen wasn’t meant to be an investment to increase the value of our home for resale; it was simply to make our kitchen better! ↩