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Monthly Archives: January 2012

Disgraced Teacher is Worth $10M, makes $100K a year, Does Nothing, & Can’t Be Fired

By SUSAN EDELMAN

Last Updated: 8:31 AM, January 29, 2012

Hell no, he won’t go.

In a defiant raspberry to the city Department of Education — and taxpayers — disgraced teacher Alan Rosenfeld, 66, won’t retire.

Deemed a danger to kids, the typing teacher with a $10 million real estate portfolio hasn’t been allowed in a classroom for more than a decade, but still collects $100,049 a year in city salary — plus health benefits, a growing pension nest egg, vacation and sick pay.

Mayor Bloomberg and Gov. Cuomo can call for better teacher evaluations until they’re blue-faced, but Rosenfeld and six peers with similar gigs costing about $650,000 a year in total salaries are untouchable. Under a system shackled by protections for tenured teachers, they can’t be fired, the DOE says.

“It’s an F-U,” a friend of Rosenfeld said of his refusal to quit.

“He’s happy about it, and very proud that he beat the system. This is a great show-up-but-don’t-do-anything job.”

Accused in 2001 of making lewd comments and ogling eighth-grade girls’ butts at IS 347 in Queens, Rosenfeld was slapped with a week off without pay after the DOE failed to produce enough witnesses at a hearing.

But instead of returning Rosenfeld to the classroom, the DOE kept him in one of its notorious “rubber rooms,” where teachers in misconduct cases sat idle or napped. As The Post reported, Rosenfeld kept busy managing his many investment properties and working on his law practice. He’s a licensed attorney and real-estate broker.

Since the DOE closed the teacher holding pens in June 2010, those facing disciplinary charges were scattered to offices and given tasks such as answering phones, filing and photocopying.

But Rosenfeld and six others whose cases have long been closed are “permanently reassigned.” Rosenfeld reports to the Division of School Facilities, which maintains DOE buildings, in a warehouse in Long Island City.

Asked what work he does, Rosenfeld laughingly told his friend, “Oh, I Xeroxed something the other day.”

Rosenfeld could have retired four years ago at 62, but his pension grows by $1,700 for each year he stays — even without teaching. If he quit today, his annual pension would total an estimated $85,400.

“Why not make it bigger?” the friend said.

Rosenfeld will also get paid for 100 unused sick days when he leaves.

New York has no mandatory retirement age for teachers.

That let rubber-room granddaddy Roland Pierre make a mockery of the system. He finally retired at age 76 last year — 14 years after he was yanked from PS 138 in Brooklyn and never taught again. Criminal charges in 1997 that he molested a sixth-grade girl were dropped. He got $97,101 a year.

“It’s a tremendous waste of money,” said Marcus Winters, a Manhattan Institute expert on teacher evaluation. “While we don’t want to remove people just because they’ve been accused, we also want the school system to cut ties with teachers it’s not going to put in the classroom.”

But Winters added, “If these people are actually dangerous, it’s better to waste the money than to put them back with kids.”

Additional reporting by Gary Buiso and Michael Gartland

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Worn Out Machines as Leading Indicator

By Stella Dawson

Sun Jan 29, 2012 3:04pm EST

(Reuters) – Delivery trucks wear out, computers break down, software becomes outdated — and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers.

Four years after the downturn began, the replacement cycle shows signs of kicking into a higher gear in the United States even among small businesses, and it could give an unexpected boost to growth and employment this year.

Read the rest here.

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Roubini: Eurozone Will Collapse This Year

By , and Richard Fletcher, Davos

12:44PM GMT 28 Jan 2012

“The eurozone is a slow-motion train wreck,” Mr Roubini said. “Countries – and not just Greece – are insolvent. I think Greece will leave the eurozone in the next 12 months, and Portugal after.”

The New York University professor of economics was speaking at one of the final sessions of the World Economic Forum annual meeting in Davos.

“There is a 50pc chance that the eurozone will break up in the next three to five years. This doesn’t look like a G20 world it looks like a G-Zero world because there is no agreement on global imbalances, how to change the international monetary system, international trade, banking regulation, on all the fundamental issues.”

The economist also warned that if the US and Iran went to war, oil prices would spike 50pc and there’ll be a global recession.

Read the rest here.

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ROBERT SHILLER: A Housing Bottom? What Are They Thinking?

Henry Blodget and Ben Walsh

I spoke with Yale professor Robert Shiller in Davos earlier this week.

Shiller has correctly identified (in advance) two major price bubbles in recent decades–the stock market bubble of the late 1990s and the housing bubble of the late 2000s.

One of the key attributes of most bubbles is that, when they finally burst, prices tend to “overshoot” on the downside, crashing well below fair value until all the exuberance is wrung out of the system.

So is that what’s going to happen to house prices this time? Or, as many people think, are house prices finally “bottoming” and getting reader to blast higher again?

Read the rest here.

 

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Existing Home Inventory declines 17% year-over-year in January

by CalculatedRisk on 1/29/2012 02:11:00 PM

According to the deptofnumbers.com for monthly inventory (54 metro areas), listed inventory is probably back to early 2005 levels. Unfortunately the deptofnumbers only started tracking inventory in April 2006.

This graph shows the NAR estimate of existing home inventory through December (left axis) and the HousingTracker data for the 54 metro areas through January.

Read the rest here.

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Forget Global Warming – it’s Cycle 25 We need to Watch (and if NASA Scientists are Right the Thames may Freeze Over)

Met Office releases new figures which show no warming in 15 years

By David Rose

Last updated at 5:38 AM on 29th January 2012

The supposed ‘consensus’ on man-made global warming is facing an inconvenient challenge after the release of new temperature data showing the planet has not warmed for the past 15 years.

The figures suggest that we could even be heading for a mini ice age to rival the 70-year temperature drop that saw frost fairs held on the Thames in the 17th Century.

Based on readings from more than 30,000 measuring stations, the data was issued last week without fanfare by the Met Office and the University of East Anglia Climatic Research Unit. It confirms that the rising trend in world temperatures ended in 1997.

A painting, dated 1684, by Abraham Hondius depicts one of many frost fairs on the River Thames during the mini ice ageA painting, dated 1684, by Abraham Hondius depicts one of many frost fairs on the River Thames during the mini ice age

Meanwhile, leading climate scientists yesterday told The Mail on Sunday that, after emitting unusually high levels of energy throughout the 20th Century, the sun is now heading towards a ‘grand minimum’ in its output, threatening cold summers, bitter winters and a shortening of the season available for growing food.

Solar output goes through 11-year cycles, with high numbers of sunspots seen at their peak.

We are now at what should be the peak of what scientists call ‘Cycle 24’ – which is why last week’s solar storm resulted in sightings of the aurora borealis further south than usual. But sunspot numbers are running at less than half those seen during cycle peaks in the 20th Century.

Analysis by experts at NASA and the University of Arizona – derived from magnetic-field measurements 120,000 miles beneath the sun’s surface – suggest that Cycle 25, whose peak is due in 2022, will be a great deal weaker still.

According to a paper issued last week by the Met Office, there is a  92 per cent chance that both Cycle 25 and those taking place in the following decades will be as weak as, or weaker than, the ‘Dalton minimum’ of 1790 to 1830. In this period, named after the meteorologist John Dalton, average temperatures in parts of Europe fell by 2C.

However, it is also possible that the new solar energy slump could be as deep as the ‘Maunder minimum’ (after astronomer Edward Maunder), between 1645 and 1715 in the coldest part of the ‘Little Ice Age’ when, as well as the Thames frost fairs, the canals of Holland froze solid.

The world average temperature from 1997 to 2012

Yet, in its paper, the Met Office claimed that the consequences now would be negligible – because the impact of the sun on climate is far less than man-made carbon dioxide. Although the sun’s output is likely to decrease until 2100, ‘This would only cause a reduction in global temperatures of 0.08C.’ Peter Stott, one of the authors, said: ‘Our findings suggest  a reduction of solar activity to levels not seen in hundreds of years would be insufficient to offset the dominant influence of greenhouse gases.’

These findings are fiercely disputed by other solar experts.

‘World temperatures may end up a lot cooler than now for 50 years or more,’ said Henrik Svensmark, director of the Center for Sun-Climate Research at Denmark’s National Space Institute. ‘It will take a long battle to convince some climate scientists that the sun is important. It may well be that the sun is going to demonstrate this on its own, without the need for their help.’

He pointed out that, in claiming the effect of the solar minimum would be small, the Met Office was relying on the same computer models that are being undermined by the current pause in global-warming.

CO2 levels have continued to rise without interruption and, in 2007, the Met Office claimed that global warming was about to ‘come roaring back’. It said that between 2004 and 2014 there would be an overall increase of 0.3C. In 2009, it predicted that at least three of the years 2009 to 2014 would break the previous temperature record set in 1998.

World solar activity cycles from 1749 to 2040

So far there is no sign of any of this happening. But yesterday a Met Office spokesman insisted its models were still valid.

‘The ten-year projection remains groundbreaking science. The period for the original projection is not over yet,’ he said.

Dr Nicola Scafetta, of Duke University in North Carolina, is the author of several papers that argue the Met Office climate models show there should have been ‘steady warming from 2000 until now’.

‘If temperatures continue to stay flat or start to cool again, the divergence between the models and recorded data will eventually become so great that the whole scientific community will question the current theories,’ he said.

He believes that as the Met Office model attaches much greater significance to CO2 than to the sun, it was bound to conclude that there would not be cooling. ‘The real issue is whether the model itself is accurate,’ Dr Scafetta said. Meanwhile, one of America’s most eminent climate experts, Professor Judith Curry of the  Georgia Institute of Technology, said she found the Met Office’s confident prediction of a ‘negligible’ impact difficult to understand.

‘The responsible thing to do would be to accept the fact that the models may have severe shortcomings when it comes to the influence of the sun,’ said Professor Curry. As for the warming pause, she said that many scientists ‘are not surprised’.

Four hundred years of sunspot observations

She argued it is becoming evident that factors other than CO2 play an important role in rising or falling warmth, such as the 60-year water temperature cycles in the Pacific and Atlantic oceans.

‘They have insufficiently been appreciated in terms of global climate,’ said Prof Curry. When both oceans were cold in the past, such as from 1940 to 1970, the climate cooled. The Pacific cycle ‘flipped’ back from warm to cold mode in 2008 and the Atlantic is also thought likely to flip in the next few years .

Pal Brekke, senior adviser at the Norwegian Space Centre, said some scientists found the importance of water cycles difficult to accept, because doing so means admitting that the oceans – not CO2 – caused much of the global warming between 1970 and 1997.

The same goes for the impact of the sun – which was highly active for much of the 20th Century.

‘Nature is about to carry out a very interesting experiment,’ he said. ‘Ten or 15 years from now, we will be able to determine much better whether the warming of the late 20th Century really was caused by man-made CO2, or by natural variability.’

Meanwhile, since the end of last year, world temperatures have fallen by more than half a degree, as the cold ‘La Nina’ effect has re-emerged in the South Pacific.

‘We’re now well into the second decade of the pause,’ said Benny Peiser, director of the Global Warming Policy Foundation. ‘If we don’t see convincing evidence of global warming by 2015, it will start to become clear whether the models are bunk. And, if they are, the implications for some scientists could be very serious.’

Source

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Tom Brokaw Pronounces His “L”‘s Well Enough to Slam Mitt Romney for Ads

Via POLITICO’s Reid Epstein, NBC News and Tom Brokaw are loudly objecting to the Mitt Romney campaign’s use of footage from the 1990s in an ad blasting Newt Gingrich over his House ethics charges.

Brokaw, whose statement noted he was speaking on his behalf, said, “I am extremely uncomfortable with the extended use of my personal image in this political ad.  I do no want my role as a journalist compromised for political gain by any campaign.”

“The NBC Legal Department has written a letter to the campaign asking for the removal of all NBC News material from their campaign ads,” NBC News said in a statement, which added, “Similar requests have gone out to other campaigns that have inappropriately used Nightly News, Meet the Press, Today and MSNBC material.”

Romney aides said they hadn’t yet heard from NBC News.

On a basic level, the flap around the spot simply calls more attention to it, which is presumably part of Team Romney’s calculus.

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Guess the Coin Toss & Eat for Free on Super Bowl Sunday $PZZA

(via BusinessWire.com)

Papa John’s to Give Free Pizza to America If Fans Correctly ‘Call’ Super Bowl XLVI Coin Toss 

No National Football League sponsor knows a quality “toss” like Papa John’s founder, Chairman and CEO John Schnatter, but he’s counting on America to call the coin toss for Super Bowl XLVI so that the country can flip over free pizza.

Papa John’s, the Official Pizza Sponsor of the NFL, today unveiled its Super Bowl XLVI Coin Toss Experience, which includes a free large one-topping pizza and 2-liter Pepsi MAX for the millions of fans enrolled in Papa John’s Papa Rewards program … if America correctly “calls” the Super Bowl coin toss. No matter which team wins the Super Bowl, Papa John’s fans have skin in the game.

“Papa” John Schnatter, who started Papa John’s in 1984 out of the back of his father’s tavern in Jeffersonville, Ind., has recruited Super Bowl champions Peyton Manning and Jerome “The Bus” Bettis to help spread the word and “coach” America on the coin toss vote.

Bringing this powerful threesome together is the crescendo of Papa John’s NFL season-long marketing strategy that has surprised and delighted millions of Papa John’s customers. Papa John’s, the only national pizza chain with a system-wide rewards program, will continue this blitz the next two weeks leading up to the Super Bowl XLVI coin toss. The integrated campaign includes a national television commercial featuring Manning and Bettis that first aired during yesterday’s NFC and AFC Championship games, digital media advertising, social media (#freepapajohns), and interactive, video-rich Web pages at www.papajohns.com.

America will make its “heads” or “tails” call for the Super Bowl XLVI coin toss by voting at www.papajohns.com today through Feb. 1. Schnatter will announce the result of America’s vote Feb. 2 on the NFL Network in Indianapolis and via social media and at www.papajohns.com.

If America’s call is correct, everyone enrolled in Papa Rewards as of 6 p.m. ET Super Bowl Sunday will receive an email the following day with instructions on how to claim their pizza and Pepsi MAX prize.

“This won’t be an easy call for America, but as the Official Pizza Sponsor of the NFL, it’s an easy call for Papa John’s to offer a promotion like this to our loyal customers,” Schnatter said. “The Super Bowl is the largest stage in all of sports, and it’s the biggest sales day of the year for us. We’re going all out with quality players like Peyton Manning and The Bus to make sure our customers have a great experience with the highest-quality pizza.”

“I’m thrilled to be part of the Papa John’s team and this exciting promotion that revolves around the biggest day of the year – the Super Bowl,” said Manning, who won Super Bowl XLI. “I really didn’t expect to be a referee this year, but – like I said in the commercial — ’a man’s gotta work.’”

“The pressure is on, America,” said Bettis, who is a finalist this year for induction into the Pro Football Hall of Fame. “It’s hard to believe there could be an NFL coin toss with bigger stakes than what I experienced Thanksgiving Day 1998 … but with free Papa John’s and Pepsi MAX on the line for millions of fans in Super Bowl XLVI, this certainly is huge!”

Occurring between the singing of the National Anthem and kickoff, the Super Bowl coin toss puts viewers on the edge of their seats … and players and coaches simply on edge. In fact, the NFC is on an incredible 14-year winning streak with Super Bowl coin tosses (Super Bowl XXXII – Super Bowl XLV). Some additional interesting Super Bowl coin toss statistics:

  • In 45 Super Bowls, heads has been called 23 times and tails 22
  • 24 of the 45 tosses have come up heads, and 21 tails
  • The NFC has 24 Super Bowl wins, with a dominating 31 coin toss wins
  • The AFC has 21 Super Bowl wins, compared to only 14 coin toss wins

Last year for Super Bowl XLV, Papa John’s set a single-day sales record by selling more than one million pizzas, driven in part by offering a free large pizza to everyone in America if the game went into overtime. In the fourth quarter, the teams were separated by only 3 points, but the game did not go into overtime. In fact, no Super Bowl has ever gone into overtime.

This year, America’s odds of winning free Papa John’s are much better … on the toss of a coin.

Papa John’s is in the second year of a multi-year sponsorship with the NFL.

Headquartered in Louisville, Kentucky, Papa John’s International, Inc. (NASDAQ: PZZA) is the world’s third largest pizza company. For 10 of the past 12 years, consumers have rated Papa John’s No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John’s also was honored by Restaurants & Institutions Magazine (R&I) with the 2009 Gold Award for Consumers’ Choice in Chains in the pizza segment. Papa John’s is the Official Pizza Sponsor of the National Football League and Super Bowl XLVI and XLVII. For more information about the company or to order pizza online, visit Papa John’s at www.papajohns.com.

© 2012 NFL Properties LLC. All NFL-related trademarks are trademarks of the National Football League.

NO PURCHASE NECESSARY. ONLY PAPA REWARDS MEMBERS AS OF 6 PM ET ON 2/5/12 WHO ARE LEGAL RESIDENTS OF THE 50 UNITED STATES (D.C.) 13 AND OLDER MAY BE ELIGIBLE TO RECEIVE A PRIZE. VOID WHERE PROHIBITED. Voting takes place from 1/22/12 to 2/1/12. For Official Rules, visit www.papajohns.com.

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Earnings On Deck

Monday:

  • Baidu Inc    BIDU
  • Sify Technologies Ltd    SIFY
  • Vulcan Materials Co    VMC
  • Wendy’s Company    WEN

Tuesday:

  • Amazon.Com Inc    AMZN
  • Archer-Daniels-Midland Co    ADM
  • Biogen Idec Inc    BIIB
  • Broadcom Corp    BRCM
  • Exxon Mobil Corp    XOM
  • Manitowoc Co Inc    MTW
  • Pfizer Inc    PFE
  • Seagate Technology PLC    STX
  • United Parcel Service Inc    UPS
  • United States Steel Corp    X
  • Valero Energy Corp    VLO

Wednesday:

  • Corinthian Colleges Inc    COCO
  • Electronic Arts Inc    EA
  • Entropic Communications Inc    ENTR
  • Green Mountain Coffee Roasters Inc    GMCR
  • IAC/InterActivecorp    IACI
  • Jds Uniphase Corp    JDSU
  • Las Vegas Sands Corp    LVS
  • ON Semiconductor Corp    ONNN
  • Qualcomm Inc    QCOM
  • Shutterfly Inc    SFLY
  • Whirlpool Corp    WHR

Thursday:

  • Acme Packet Inc    APKT
  • Atwood Oceanics Inc    ATW
  • Beazer Homes USA Inc    BZH
  • Boston Scientific Corp    BSX
  • Cameron International Corp    CAM
  • CME Group Inc    CME
  • Constant Contact Inc    CTCT
  • Cummins Inc    CMI
  • Diamond Offshore Drilling Inc    DO
  • Gilead Sciences Inc    GILD
  • Mastercard Inc    MA
  • Merck & Co Inc    MRK
  • Meritor Inc    MTOR
  • National Oilwell Varco Inc    NOV
  • NetSuite Inc    N
  • Patriot Coal Corp    PCX
  • Power One Inc    PWER
  • Royal Gold Inc    RGLD
  • Tesoro Corp    TSO
  • Zillow Inc    Z

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Donald Trump Considering Run as Independent

via BreakingNews.com

Donald Trump tells ‘Face the Nation’s’ Bob Schieffer he would run as an independent if he runs for US president – from broadcast

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Chill

Sometimes I’m late to the party, but when I find out what I’ve been missing I always like to share…

[youtube://http://youtube.com/watch?v=N7m86aMNjlQ&feature=related 450 300]

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The Most Important Non-Presidential Election of the Decade

By STEPHEN MOORE

One Sunday afternoon last spring, as Wisconsin Gov. Scott Walker was working in his front yard, a car rolled slowly by and blared its horn. He and his two teenage sons looked up to see two middle fingers directed their way as the car screeched down the street. A few minutes later another car rolled by and a voice shouted “Hey governor!” Mr. Walker reluctantly looked up—to find two thumbs up coming through the open window.

No American politician had a more polarizing effect on voters last year than Scott Walker. This time last year, thousands of irate protesters were occupying Wisconsin’s state Capitol, comparing Mr. Walker to Hitler for trying to reform the pension and collective-bargaining systems of public-employee unions. He needed an entourage of 25 security officers to escort him through the building at the height of the pandemonium.

Now he faces what he predicts will be his most bruising fight of all: a union-funded recall election intended to toss him out of office. His opponents last week submitted one million signatures to trigger a recall election as early as spring or summer. Mr. Walker expects this to be a $70 million brawl—a record for Wisconsin and twice the total spent in the 2010 governor’s race. Smiling, Mr. Walker says he hopes to be the “first governor re-elected twice during his first term.”

The stakes here “go well beyond who will be governor of Wisconsin,” Mr. Walker explains. The recall’s ultimate objective is to intimidate any official across the country who’s thinking of crossing swords with the empire of teachers and other public-employee unions. “This is about killing reform initiatives in every state in the country,” says Mr. Walker.

In Wisconsin, the evidence is mounting that Mr. Walker hasn’t brought economic Armageddon but financial stability. Last year’s $3 billion deficit is now a $300 million surplus—and it was accomplished without the new taxes that unions favored. “If a business is failing, you don’t raise the prices on your customers,” Mr. Walker scoffs.

In addition to union reform, Mr. Walker and his allies in the legislature passed a statewide school voucher program, eased business regulation, and enacted tort reform. When Illinois raised its income taxes by 67%, he launched a PR campaign urging Illinois businesses to “escape to Wisconsin.”

When Mr. Walker took office, a survey of major business owners by the state’s Chamber of Commerce found that only 10% thought Wisconsin was heading “in the right direction.” Now 94% say it is. Chief Executive magazine found that Wisconsin’s business climate in 2011 showed the greatest one-year improvement of any state in the history of the magazine’s ratings. After bleeding 150,000 jobs in the previous three years, Wisconsin added 10,000 jobs in 2011.

All this matters little to public-employee unions looking to regain their perks. Yet granting local governments the legal authority to hire and fire teachers and other workers based on merit—as well as requiring teachers to contribute 5.8% into their pensions (up from 0%) and all public employees to pay 12.6% of their health-care premiums (about half what most private workers pay)—has already saved local governments $475 million.

Rather than assaulting government workers, these reforms avoided mass layoffs and allowed school districts to maintain and in some cases even reduce class sizes. You’d think unions would celebrate this, but no such luck.

Mr. Walker believes the union brass are most furious about his policy to stop automatically withholding union dues from the paychecks of approximately 300,000 municipal workers. He calculates that this “paycheck protection” measure saves as much as $1,400 annually for those workers who freely choose not to pay dues. That welcome pay raise for the workers has been catastrophic for the union bosses. Without the mandatory dues payments, the teachers union had to lay off 40% of its staff last year.

So now Mr. Walker, his lieutenant governor and four state senators will face the voters as early as this spring or summer. Last year a similar effort targeted four other GOP state senators and a Republican on the state supreme court. After unions spent millions on the campaign, two of the state senators were recalled but that failed to flip control of the legislature, and the supreme court justice kept his seat.

A problem for Democrats this year is finding an A-list candidate willing to run against Mr. Walker if he is recalled. A strong opponent could be Milwaukee Mayor Tom Barrett, but the unions are furious with him too for implementing many of the Walker union reforms—saving his city $25 million and balancing its budget in the process. The likeliest candidates to challenge Mr. Walker are two liberals, former Congressman David Obey and Madison County Executive Kathleen Falk.

A new nonpartisan poll by Marquette University shows the governor at 50% job approval (with 45% disapproving), which is up from as low as 37% last summer. Even some of his most loyal followers say that he has never fully explained to Wisconsinites why ending collective bargaining for union benefits was a fiscal necessity. And local Democrats are smelling blood over a recent mini-scandal involving alleged embezzlement of public funds by two of Mr. Walker’s top aides when he was Milwaukee County Commissioner.

Still, the national unions have yet to decide whether spending another $30 million or $50 million on a recall roll of the dice is worth it given the higher priority of getting President Obama re-elected. The Milwaukee Journal Sentinel, which has been severely critical of Mr. Walker’s power play, recently acknowledged that he has fulfilled his pledge of balancing the budget without new taxes and that “the sky isn’t falling.”

If unions succeed in getting voters to evict reformers, it could “set back the conservative reform agenda across the states for a generation,” Mr. Walker warns. This might be the most important nonpresidential election in a decade.

Source

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