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Chronicle of the Conspiracy Saturday, May 17, 2008 KUDLOW REPLAY Here's the YouTube video of Friday's appearance.Posted by Donald L. Luskin at 1:21 AM |
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Friday, May 16, 2008 "BUSY DYING" Peggy Noonan writes in this morning's Wall Street Journal:The Republicans? Busy dying. The brightest of them see no immediate light. They're frozen, not like a deer in the headlights but a deer in the darkness, his ears stiff at the sound. Crunch. Twig. Hunting party.My DC-insider friend "Mick Danger" responds, Falling is what happens when you lose your balance. And in politics, that balance comes from having a purpose.Update... Gerald Hanner replies, I've concluded that it would be best if the Dems had a big win and ruled both Congress and the Presidency. Then the voters would get to sample the pain of the Democrat "nitwittery." The Dems won't have the Republicans to blame. It will be something like the four years of Peanut Man. That experience changed the outlook of a whole generation of voters. Posted by Donald L. Luskin at 8:09 AM |
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Thursday, May 15, 2008 KUDLOW REPLAY Here's the YouTube video of yesterday's appearance. Been a long time since I've been on with Barry Ritholtz. Big target.Posted by Donald L. Luskin at 12:23 PM |
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NOW THIS IS A THOUGHTFUL AND PRINCIPLED ARGUMENT I guess we could argue for robbing banks of $5,000 each based on this logic, used here to support a new income tax being proposed by House Democrats: "What we're talking about is a one-half percent income tax surcharge on incomes above $1 million," said Rep. Mike Ross, D-Ark., a leader of the Blue Dog group. "So someone who earns $2 million a year would pay $5,000. ... They're not going to miss it."Thanks to Kent Seymour for the link. Posted by Donald L. Luskin at 12:21 AM |
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Wednesday, May 14, 2008 WE'RE CITED DEBATING GEORGE SOROS' ETHICS The Business and Media Institute takes on Soros' anti-capitalism tirade in USA Today:According to Business & Media Institute advisor Don Luskin, Soros’ “Theory of Reflexivity” could be better explained as an effort manipulate economic and political events. He referred to Soros short-selling the British pound in 1992 after England was pressured to devalue its currency. Soros made $1 billion in one day, which caused the pound to suffer even more. Posted by Donald L. Luskin at 8:01 AM |
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GET 'EM WHILE THEY'RE YOUNG Here's how they teach economics to high school students in France: “Economic growth imposes a hectic form of life, producing overwork, stress, nervous depression, cardiovascular disease and, according to some, even the development of cancer,” asserts the three-volume Histoire du XXe siècle, a set of texts memorized by countless French high school students as they prepare for entrance exams to Sciences Po and other prestigious French universities. The past 20 years have “doubled wealth, doubled unemployment, poverty, and exclusion, whose ill effects constitute the background for a profound social malaise,” the text continues. Because the 21st century begins with “an awareness of the limits to growth and the risks posed to humanity [by economic growth],” any future prosperity “depends on the regulation of capitalism on a planetary scale.” Capitalism itself is described at various points in the text as “brutal,” “savage,” “neoliberal,” and “American.” This agitprop was published in 2005, not in 1972.Thanks (again) to Jameson Campaigne for the link. Posted by Donald L. Luskin at 7:48 AM |
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STOIC, IF NOT ARTICULATE Terry McAulliffe pulls a Bushism. Talking on Fox News about how unfair it is that the media so adores Barack Obama: ?"It is what it is. We’re not complaining,” he stated. “We have to deal with the hand we’re dealt with.”Thanks to Jameson Campaigne for the link. Posted by Donald L. Luskin at 7:36 AM |
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HOW NOT TO BE THE NEXT GOP PRESIDENT Hey, I'm all for pandering, if it will keep Obama out of the White House. But this is just plain stupid. Thanks to Jameson Campaigne for the link. Update... My DC-insider friend "Mick Danger" agrees: You are corect, sir! Posted by Donald L. Luskin at 12:38 AM |
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Tuesday, May 13, 2008 POPULAR WITH UNION BOSSES, BUT NOT WITH PEOPLE My DC-insider friend "Mick Danger" writes here about a really bad "change" that the candidate of "change" is for, and the candidate of "no change" is against.Union leaders are pushing a big money-maker (for them). It goes by the very Orwellian name, the “Employee Free Choice Act.” In fact, if this idea of theirs becomes law, it will eliminate free choice. Instead of a safe secret ballot, employees will be under enormous pressure to sign a “card check” indicating that they will accept a union and the obligation to pay union dues. Senator Obama supports it. John McCain opposes it. Posted by Donald L. Luskin at 1:49 PM |
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WE'RE BROADENING OUT No longer confined to fighting the conspiracy to keep you poor and stupid, we rae now also fighting the conspiracy to deprive you of your wall ovens. During a weekend in early September last year, two trucks and their respective containers were stolen from a haulage business in Pine Road, Yennora. More than 170 wall ovens, worth a total $257,000, were inside the containers... Posted by Donald L. Luskin at 1:36 PM |
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Monday, May 12, 2008 KUDLOW REPLAY Here's the YouTube video of Friday's appearance. I think I said a bad word, but you can hardly hear it in the cross-talk. Oops!Posted by Donald L. Luskin at 2:27 PM |
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KRUGMAN SLIPPERY ON OIL Here's a bold prediction from Paul Krugman today on oil prices: ...I wouldn’t be shocked if oil prices dip in the near future — although I also take seriously Goldman’s recent warning that the price could go to $200.But here's where he's really at: But let’s drop all the talk about an oil bubble.I'm so relieved. Krugman is always wrong. Posted by Donald L. Luskin at 9:08 AM |
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AND WE'VE GOT PICTURES! Yes, "Ronald Reagan is to blame for the credit crisis." So says George Soros. I don't have to time to waste to watch the video in which he may or may not attempt to explain and support this silly claim. But if you do, click here. Thanks to Chris Ciancio for the link. Posted by Donald L. Luskin at 9:01 AM |
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THAT'S DR. GONO, NOT DR. GONZO Dr. G. Gono, the governor of the Reserve Bank of Zimbabwe -- a nation experiencing hyperinflation running at rates reported as high as 165,000% -- has a few lessons for Ben Bernanke and the Federal Reserve. From Gono's latest official monetary policy update: As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their National interests.Thanks to "Irrational Exuberance" for the link. Posted by Donald L. Luskin at 8:52 AM |
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GO (TO SEE) SPEED RACER
The critics have blessed Iron Man, finding in it a super-hero movie cool enough to permit themselves to enjoy, thanks to Robert Downey Jr's ironic performance. The same critics have panned Speed Racer, and perhaps its because there's nothing cool or hip or ironic about it -- which is sad, because it's probably the best live-action movie based on a comic book or cartoon that has ever been made. From the first frame to the last it consistently presents as original cinematic vision, setting the story in the intensely colored fantasy world of 64-bit video games -- every scene is taken as an opportunity to set a breath-taking new fantasy setting designed not just to entertain but to amaze. The characters are simple and mythic, the action and racing scenes perfectly and very cleverly visualized and executed. And it's not falling all over itself to sell you tickets to the sequel before the movie's even over. Is the problem that this movie was created by the Wachowski brothers, of Matrix fame? Are the elite critics punishing the Wachowski's for departing from their usual nihilistic life-hating vision, and instead creating a far better movie than any they have made before based on good clean fun, happy endings, and sheer visual excitement? Posted by Donald L. Luskin at 8:36 AM |
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McCAIN HAS A MONEY PROBLEM A Bloomberg story notes that John McCain is having a hard time raising money from some of the usual suspects: Senator John McCain, the presumptive Republican nominee, is struggling to attract money from some of the same industries that helped bankroll President George W. Bush's record-setting fundraising. My DC-insider friend "Mick Danger" thinks it goes deeper than that, right the core of McCain's prickly personality:Twenty-six years in Congress is a lot of time: tens of thousands of speeches, votes and relationships. Posted by Donald L. Luskin at 8:31 AM |
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