- BitsBlog - http://bitsblog.theconservativereader.com -

Breakfast Scramble (Tuesday)

DavidL's Breakfast Scramble
Once a socialist, Dumbo goes before the Chamber of Commerce and tries to give a pro-business speech.  Instead he just sounds like the socialist that he is.  From RCP [1]:

“If we’re fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line,” President Obama told the Chamber of Commerce on Monday morning.

Video at the link.

Maybe Mr. Harvard Law Review Editor does not understand the difference  between should and must.

Dumbo on Freedom, from Fred Hiatt Washington Post [2]:

For the most part, the Obama administration chose not to – because the “freedom agenda” had become too associated with President George W. Bush, because U.S. involvement in Iraq had tarnished the idea of democracy promotion and because it believed “feel-good” democracy promotion would interfere with hardheaded engagement on Mideast peace.

If I could establish that Adolf Hitler wiped with toilet paper, would Obama wipe with his hand?

Pig of the Day, Arianna Huffington is the capitalist Pig of the Day.  Puffington has just sold her blog, which she largely does not write, and posts articles for which she does not pay, to AOL for a purported 315 million dollars. from Kara Swisher, All Things Digital [3]:

In a bold and definitive move, AOL is paying $315 million, mostly in cash, to buy the Huffington Post, one of the Web’s most prominent news and opinion sites.

I am not quite sure just what AOL thinks it is buying.

Fausta [4] seys sell AOL:

AOL is not the most solid company around; it’s laid off thousands of employees, shows no profit and pays no dividends. It has 106 million shares outstanding, currently trading at $21.39 (down since the announcement of the purchase) in the NASDAQ, and this deal will cost $3 per share outstanding

Meanwhile back in Atlanta, Stacy is not quite sure just what AOL bought, from Other McCain [5]:

Twenty-five million uniques at HuffPo? Really? And that makes it worth (a) $315 million and (b) hiring Arianna as an executive editor?

Our own traffic has amounted to 200,000+ visits per month [6] since August. Although those numbers aren’t the same as “uniques,” the data is public — it’s there on SiteMeter, available for analysis to anyone who cares to look  – and can be compared to any other site that makes its SiteMeter data public.

Later.