The Cheat Sheet, October 12: Was that a Debate or a Media Lynching?

GOP candidates for President took another night out of their schedules to get smeared by smug liberal journalists. The low-point of the night was when Charlie Rose and JournOlister Karen Tumulty used a 30 second clip of Ronald Reagan to suggest that the Gipper was all about raising taxes in the interest of compromise. The high-point was the fact that the debate was broadcast on BloombergTV, so no one saw it. Breitbart-opolis reactions here and here.

Why is Obama heartbroken over the NBA delay?

President Obama said Tuesday that he’s “a little heartbroken that the NBA season is getting delayed” at a fundraiser in Orlando with Magic star Dwight Howard.

Because he took a shot in Washington. Can you say REJECTED?

United against Barack Obama, Senate Republicans voted Tuesday night to kill the jobs package the president had spent weeks campaigning for across the country, a stinging loss at the hands of lawmakers opposed to stimulus-style spending and a tax increase on the very wealthy.

Meanwhile, economies struggle worldwide – the latest from Britain. But, hey, it’s in the game, right?

The number of people unemployed in Britain jumped to 2.57 million in the three months to August, the highest amount since 1994, official data showed on Wednesday.

Finally, the truth comes out: #OccupyLA speaker says violence will be necessary to achieve his goals.

There’s a reason why they call the Democrats the Blame America first party.

House Minority Whip Steny Hoyer suggested Tuesday that voters are to blame for the partisan bickering and standoffs that have defined Congress this year. The Maryland Democrat said voters are “absolutely right” to think that “Congress isn’t working very well.” But that dysfunction, he said, is largely of their own making.

The Senate Democrats moved closer to sparking a trade war with China, passing legislation that would slap tariffs on that country’s products. A spat with our largest trading partner is way down the list of things to do to help the economy.

Uh-oh: China has launched a massive bailout spree to prop up its financial sector. That can absolutely not be good for the global economy:

The Communist Party is now struggling to cope with the fall-out. On Monday, the state investment fund Central Huijin began buying stakes in China’s four top banks to restore confidence and halt the slide in share prices.

DOOM: With a tear in my eye and an ache in my heart

While it might be fun to watch the EU try to contort its way out of its debt mess, don’t drink too deep from the schadenfreude well; the coming Greek default will inflict a lot of pain here as well.

We pause this update for a very quick word from our sponsors – nerd porn!

SAN FRANCISCO — Cray Inc. said it has sealed a deal to overhaul the US Department of Energy’s “Jaguar” supercomputer, making it faster than any other machine on the planet. The supercomputer at the DOE Oak Ridge National Laboratory will be renamed “Titan” after it is beefed up with speedy, powerful chips from California companies NVIDIA and Advanced Micro Devices.

Back to business. Had enough of government bailouts? Here’s one to which some hold-out opponents to serious reform are still trying to cling – however disguised. And they complained about our guns and bibles.

The United States Postal Service is bleeding money – $10 billion just last year. It’s also bleeding business – mail volume is down 20% since 2006 and not coming back. Just as trains replaced the pony express, the Internet has become the modern Postal Service’s greatest competition. That’s not going to change.

A better USPS, however, is possible. Explore the site. Get the facts. Learn about the Issa-Ross Postal Reform Act. Advise Congress on how to fix Postal budget shortfalls with the Postal Reform App.

Americans deserve an efficient USPS that delivers for decades. But misguided action – or none at all – could saddle taxpayers with a multi-billion dollar bailout for the Postal Service. The clock is ticking…

BigPeace has a round-up of news on Iran’s terror plot in the US. If the plot wasn’t an Act of War, then we’ve never seen an Act of War.

Finally, a great summary of our current challenges…in under 3 minutes:

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