High Stakes Moonbat Wager: Warren Buffett Bets Peter Orszag $1 That Unemployment Drops Below 8% By Election Day

No fair. Orszag rigged the bet in his favor.

ABC Already Carrying Water for Peter Orszag?

Good grief. On Friday it was announced that Peter Orszag's fiancee would be assuming a role as the co-host of Good Morning America on the weekends, but come on, guys. This is what showed up in my news reader this morning.

So Apple is evil, CEO's get insane perks, the recession is bad for your sex life, how to vacation on the cheap, and turn those little used skills in to cash.

It is almost like they are pushing a narrative or something. I fully expected the weekend edition to take on a more sunshine and lollipops attitude in regards to the economic news along with pushing whatever bailout, takeover or to continue the attack against any private sector enemy deemed so by this administration. I also figured the hiring of Brianna to host on the weekends would be used to blunt some of the bad news that always come out from this administration on Fridays around 4 PM EST every week, but guys, can we give it a break during the week?

Ever notice these stories never seem to shed any light on the obscene perks and salaries of union leaders or indeed their own executives?

Wife Of Obama's Budget Director Gets a New Gig

No conflict of interest here.

Bianna Golodryga has been named the co-anchor of the weekend edition of "Good Morning America," ABC News president David Westin announced today.

Golodryga will join co-anchor Bill Weir, news anchor Ron Claiborne and weather anchor Marysol Castro on the broadcast beginning this Saturday.

"Since coming to ABC News in July 2007, Bianna has distinguished the network with her reporting on the economy and recent financial crisis," Westin said in an e-mail to the ABC News staff about the announcement.

I have written about Golodryga earlier, when it was revealed the Obama's budget director Peter Orszag, after divorcing his pregnant wife announced his engagement to Ms. Golodryga, who at the time served as a reporter for ABC news on financial matters.

Just what the administration needs. A paid surrogate to put the best spin possible on the crippling economic news on a network morning show. I wonder why the ABC's news release failed to mention that little fact about being married to Mr. Orszag?

But don't you dare question anyone's motives in this.

CORRECTION: Mr. Orszag did not divorce his pregnant wife, it was the girlfriend who was pregnant that he dumped to date and then became engaged to Bianna. Sorry for the confusion, I forgot about the girl in between.

Democrat Sen. Rockefeller on Obama: 'He's Beginning To Be Not Believable To Me'

Beginning to not be believable? I can't recall a single moment I've believed anything his TelePrompter has told me.

West Virginia's Democrat Senator David Rockefeller questioning Peter Orszag here about coal and carbon pricing. The salient snippet is around the 5:00 mark. Orzsag just mouths the typical psychobabble in response: "we've formed a task force..." blah blah blah.

Obama and the Democrats are intent on destroying the coal industry; Rockefeller might just finally have realized it.

H/T RCP.

Update: Obama in 2008 on how he'd bankrupt the coal industry. Is he believable here, Dave?

Unprecedented Access

You just never know which story will peak your interest or where the story will lead. Such is the case when I saw this simple wedding announcement between Peter Orszag, the president's budget director, and ABC financial reporter, Bianna Golodryga. So of course I wanted to find out a little bit about the couple. What I was most interested in was the angle that we finally had some proof of the administration literally being in bed with the media.

What I found was a little more eye opening then that. Not many people pay attention to folks who crunch numbers for a living and speak on financial and economic matters. In fact most of us turn it to the business channel when we are suffering insomnia to help put us to sleep.

Well, I am awake now.

Mr Orszag worked for former President Clinton and is now Barry O's budget director, but he is also a socialist leaning economist.

Witness this exchange from 2001, when Orszag was working at the Hoover Institute. Peter Robinson is the host of the show this interview was on.

Peter Robinson: Why don't you just soak the rich? If you're concerned that these rich are getting richer too quickly…

Peter Orszag: There is a tradeoff that one has to find a balance between…

Peter Robinson: Ahh, okay, all right.

Peter Orszag: …in--in, uh, equality versus incentives. And at some point, one--one leans too hard and the disincentive effects are too large. The question is finding a balance between the--the incentives provided to produce, supply labor, take risks, and fairness.

Peter Robinson: So this would be difficult statistically, but the rule of thumb would be, we engage in redistribution, we cream off the top quintile and put it one the bottom qui--quintile, to the extent that we can without killing the economic engine--without smothering growth. Would that be about the rule of thumb that'd you go for?

Peter Orszag: I think that's about the rule of thumb, yes.

Peter Robinson: So…

Peter Orszag: It's all a matter of degree. How much reduction in--in economic activity are you willing to…

Peter Robinson: Right, and it could be difficult to find that balance…

Peter Orszag: Right.

Peter Robinson: …but that would be the aim.

Peter Orszag: That should be the aim, yes.

Peter apparently is a big hit with the folks over at HuffNPuff.

Bianna Golodryga bio

She also is believer in redistributing the wealth, evidenced by the tone of the interviews she does with the wealthy people whose social circles she inhabits.

Well, Jim Cramer was certainly right on target with his analysis...not!

And Bianna, what do you think of the unemployment rate now that it is above 10%?

All of these wealth redistribution believers in our current administration are certainly getting very troubling.

Dude, Where's My Transparency? WH Delays Budget Update

More honest and open communication from the secretive Obama administration. Things must be really bad if these braggarts and blowhards are hiding their promised budget update.

The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.

The administration's annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.

The release of the update - usually scheduled for mid-July - has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.

The administration is pressing for votes before then on its $1 trillion health care initiative, which lawmakers are arguing over how to finance.

The White House budget director, Peter Orszag, said on Sunday that the administration believes the "chances are high" of getting a health care bill by then. But new analyses showing runaway costs are jeopardizing Senate passage.

"Instead of a dream, this routine report could be a nightmare," Tony Fratto, a former Treasury Department official and White House spokesman under President George W. Bush, said of the delayed budget update. "There are some things that can't be escaped."

So they're afraid to release a routine report. No doubt their handlers in the media will make up some convenient excuses for them.

Just pathetic.

Thanks to Dan Riehl for the link.