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Chronicle of the Conspiracy Friday, June 12, 2009 NOW HERE'S A TAX POLICY PAUL KRUGMAN WILL LOVE! From Greg Mankiw -- a proposal to lower taxes for short people, and raise them for tall people.Posted by Donald L. Luskin at 1:14 AM |
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Thursday, June 11, 2009 AND HOW DOES HE FEEL ABOUT CALLING A SPADE A SPADE? From this morning's New York Times:If there is one thing Kenneth R. Feinberg does not like to be called, it is a czar.Yeah... sounds pretty much like that. Posted by Donald L. Luskin at 7:21 AM |
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I GUESS WE NEED MORE STIMULUS ...or maybe less ...or something. Whatever they're doing, it's not working. When is Paul Krugman going to point these facts out in a column? Bueller? Bueller? Anyone?
Thanks to Dave Duval. Posted by Donald L. Luskin at 6:56 AM |
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Wednesday, June 10, 2009 BET YOU NEVER KNEW HOW LITTLE $100 MILLION IS ...that is, until that's all you pledge to reduce the federal budget by. Check out this excellent visualization.Thanks to Jameson Campaigne. Posted by Donald L. Luskin at 10:01 AM |
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Tuesday, June 09, 2009 OKAY, I'M CONFUSED. AM I GOING TO GET PAID, OR AM I NOT? Tuesday morning, The Washington Post:...the Obama administration is ready to issue new regulations limiting the compensation of top executives at financial institutions that have received government rescue funds.Tuesday afternoon, The Wall Street Journal: The Obama administration is dropping its plan to cap salaries at firms receiving government bailout money, leaving them subject to congressionally imposed limits on bonuses, according to people familiar with the matter. Posted by Donald L. Luskin at 11:04 PM |
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BUSH WOULDN'T HAVE DARED But Obama will dare anything, when it comes to the adoring media. Here's how he dares to claim his bogus "stimulus" is working, on the grounds that it "saves" jobs that would have otherwise been lost. Only problem -- this can't be measured. William McGurn in the Journal: "Saved or created" has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs. His latest invocation came yesterday, when the president declared that the stimulus had already saved or created at least 150,000 American jobs -- and announced he was ramping up some of the stimulus spending so he could "save or create" an additional 600,000 jobs this summer. These numbers come in the context of an earlier Obama promise that his recovery plan will "save or create three to four million jobs over the next two years." Posted by Donald L. Luskin at 8:45 AM |
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Monday, June 08, 2009 AMBITIOUS ECONO-GRAPHIC The concepts laid out here may be questionable (as such things always are), but I congratulate the Wall Street Journal for this ambitious attempt to use graphics to illuminate difficult and inter-related phenomena:
Posted by Donald L. Luskin at 9:21 AM |
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STEELE ON SOTOMAYOR I've been waiting to hear what Shelby Steele has to say about the Sotomayor nomination. It's just what I expected, but Steele always expresses these ideas so beautifully: Judge Sotomayor is the archetypal challenger. Challengers see the moral authority that comes from their group's historic grievance as an entitlement to immediate parity with whites -- whether or not their group has actually earned this parity through development. If their group is not yet competitive with whites, the moral authority that comes from their grievance should be allowed to compensate for what they lack in development. This creates a terrible corruption in which the group's historic grievance is allowed to count as individual merit. And so a perverse incentive is created: Weakness and victimization are rewarded over development. Better to be a troublemaker than to pursue excellence. Posted by Donald L. Luskin at 9:16 AM |
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THIS MAN MIGHT BE THE NEXT FED CHAIR? Here's a New York Times account of the White House political maneuvering of Larry Summers. To be sure, we can't fully trust anything we read in the Times. And certainly not a story that characterizes Summers as a "right-of-center economist". But ask yourself whether a guy who plays childish power games like this ought to be running the Fed: Mr. Goolsbee and Mr. Summers also clashed in March over whether to bail out Chrysler and ease its merger with Fiat, or to let the automaker fail. Posted by Donald L. Luskin at 9:02 AM |
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Sunday, June 07, 2009 KUDLOW REPLAY Here's the YouTube video from Friday's appearance.Posted by Donald L. Luskin at 9:40 PM |
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