The Conspiracy to Keep You Poor and Stupid is a trademark of Donald L. Luskin

Latest
Media Infiltrations:

Republicans and the Populist Temptation
Wall Street Journal
February 9, 2010
Why Taxing Stock Trades Is a Really Bad Idea
Wall Street Journal
January 6, 2010

Krugman Truth Squad logo, courtesy Tom Miller, Atomic Art: admin@atomicart.com

Peter Sellers and Peter Bull in ''Dr. Strangelove'' Columbia Pictures, 1964 -- Click to order!

"What has been your worst blogging experience?
Donald Luskin."
-- Brad DeLong

"That's a guy who actually stalks me on the Web and once stalked me personally."
-- Paul Krugman

"I'm saying this...guy's a jerk."
-- Charlie Gasparino

What I'm reading:
cover
The Happy Body
Aniela and Jerzy Gregorek

What I'm listening to:
cover
Langley Schools Music Project

What I'm watching:
cover
Star Trek

What I'm playing:
cover
Speed Racer

Order these from Amazon.com
at Amazon's normal low prices...
and a fraction of your order goes
to help support this site.
Thanks!

Thanks to Irwin Chusid, public editor.

Copyright 2002 thru 2009
Donald L. Luskin
don-at-luskin-dot-net
All rights reserved.
"The Conspiracy to
Keep You Poor and Stupid"
and "Krugman Truth Squad"
are trademarks of
Donald L. Luskin
www.poorandstupid.com

Logo by Tommy Carnase 1995

"The road is cleared," said Galt.
"We are going back to the world."
He raised his hand
and over the desolate earth
he traced in space
the sign of the dollar.

From Atlas Shrugged
by Ayn Rand

From each as they choose,
to each as they are chosen.

From Anarchy, State and Utopia
by Robert Nozick

"there is some shit I will not eat"

From i sing of olaf glad and big
by e. e. cummings


In Association with Amazon.com

Powered by Blogger Pro™

Chronicle of the Conspiracy
Join us as we discover, document, expose and challenge the bad people, the bad institutions and the bad ideas that stand in the way of wealth creation -- and show you how to fight back!

Saturday, November 15, 2008

WHEN HARRY MET NANCY   My DC-insider friend "Mick Danger" has been too busy reconfiguring his life for an Obama presidency to do much blogging here. But here's a quick note from him on what we can all look forward to.
In my extensive travel from Washington to Boston and back (Blue Coast Number One), Obama voters tell me that the only thing they fear is the potential for a 60-vote Democratic Senate.

If I want to shorten the discussion, I say, "Nah, cut your fear by half. The Senate finds a way to moderate itself."

If I want to prolong it, I say, "I thought the whole idea was change. It's a little late to wish for gridlock. Obama will steer left on every issue. Nancy will be giving directions. Harry's just along for the ride."

If I want to pour it on, I continue: "Say, how about your union agenda? What do you mean it's not 'your' agenda. You just voted for it. Are you ready for the complete wipe-out of all the NLRB precedents which rebalanced management and labor?"

Usually there is no response because they hadn't thought of this as a direct consequence of their vote. Like their counterparts in Silicon Valley venture capital, East Coast financial people have little, if any, first-hand experience with the labor movement.

I say, "Hey, why not invite Andy Stern over to see if he can help improve working conditions at Goldman Sachs?"

Soon as the Dems get control of NLRB, they'll push through a rule to alow them to dragoon "supervisors."

If your job is to capitalize companies in the United States, you beter wake up to the new world.

Labor may win "card check" from Congress, the end to secret ballot elections. The arguments for card check are Orwellian.

Yes, not being free of intimidation is a warm blanket. Oh, if you think the employer goon squads of 100 years ago still haunt the poor huddled masses of the working peeps, then...no wonder you want to surrender someone else's freedom.

Think it is a little far-fetched to connect union influence to the coming re-regulation of financial markets? Look who Nancy and Harry appointed to sit on the new oversight board that watch-dogs the TARP progam: Damon Silvers, who has served as Associate General Counsel at the AFL-CIO since September 1997, where he represented the labor movement before the Securities and Exchange Commission.


Posted by Donald L. Luskin at 1:49 PM | link  


Thursday, November 13, 2008

KUDLOW REPLAY   Here's the YouTube video of last night's appearance.


Posted by Donald L. Luskin at 9:45 AM | link  


Tuesday, November 11, 2008

BY POPULAR DEMAND   According to the futures markets, I have about a 5% chance of being appointed Treasury secretary in the Obama adminstration. And a bigger chance than Paul Krugman.

Update... And notice who's trading right below me -- Henry Paulson. But is this really what he looks like?


Posted by Donald L. Luskin at 6:27 PM | link  

LET'S STOP BLAMING PALIN FOR MCCAIN'S BOTCHED CAMPAIGN   The Journal editorial page calls for John McCain to rein in the Sarah Palin-bashing coming from his failed campaign:
This whole display calls to mind those embarrassing codas to each episode of "The Apprentice," when the losing team would sit before Donald Trump in the boardroom and then start blaming everyone but themselves for their failures. The apparent eagerness of Team McCain to indulge in this kind of fingerpointing is similarly unprofessional, and it raises an interesting question.

We are asked to believe that Mrs. Palin was not ready for a national campaign. On what evidence from any part of this election are we to conclude that anyone on the McCain campaign team was ready for a national campaign? ...Let's remember too that the only time Mr. McCain surged ahead -- in the polls, in the volunteers, in the mojo -- was when he picked Mrs. Palin. Before that he and his staff had been flying solo, and they were losing. When the contest returned to the top of the ticket, as presidential campaigns inevitably do, Mr. McCain and his team drove their lead into the ground.

It wasn't Mrs. Palin who dramatically flew to Washington promising a legislative answer to the most important economic issue of our day -- and then, in the words of a New York Times campaign profile, "came off more like a stymied bystander than a leader who could make a difference."

And what does it say when the campaign team of a man who has spent decades in the U.S. Senate cannot agree on (much less present) a coherent answer to why he should be elected president of the United States -- except that he's not Barack Obama?

Bravo!

Posted by Donald L. Luskin at 8:54 AM | link  

A LIBERTARIAN FUTURE FOR THE GOP?   Paul Ryan in this morning's Wall Street Journal:
We cannot simply put up roadblocks to the emboldened Democratic majority. We need to offer an alternative future. Absent reform, our federal government will double in size within a generation. We must change course from this path of stagnation, and we must have leaders willing to provide a path that keeps alive the American ideal and keeps our government limited.

Our party has become too fearful of our own ideas. Since 1997, congressional Republicans began a steady retreat from principled leadership to political expediency. A party built on spending discipline and government reform succumbed to the siren songs of government expansion and earmarked giveaways. Republicans squandered the opportunity to limit and reshape the relationship between the federal government and the individual.

I ran on these bold ideas and innovative solutions in a congressional district carried by Barack Obama -- yet I received 64% of the vote. I challenge my colleagues to rethink political risk taking.


Posted by Donald L. Luskin at 8:50 AM | link  


Monday, November 10, 2008

THEY, TOO, CAN FEEL PROUD OF AMERICA FOR THE FIRST TIME   Just like Michele Obama. From the Seattle Post-Intelligencer:
With newfound patriotism, Seattleites want to wave the flag, hang it from their homes and stick it on their cars.

"The thing that's kind of astounding to me is I never ever would have cared to own a flag," said Rosemary Garner, 42. "This is the first day in my life I actually feel this funny sense of pride about my country. It's a very foreign feeling, but it's a good one."

Garner, a self-described "flag virgin" who lives on Capitol Hill, bought eight flags Wednesday -- some to wave and others to stick on her car to "mix and match with some nice Obama and peace signs. Then I bought a couple of flags for some friends who wanted to hang them from their truck along with their biodiesel stickers."


Posted by Donald L. Luskin at 8:48 AM | link  


Sunday, November 09, 2008

BEST OPENING LINE EVER IN A POLITICAL COMMENTARY   "Let us bend over and kiss our ass goodbye," begins P. J. O'Rourke in a deadly right-on diagnosis for the Weekly Standard of what conservatives did wrong in their years of power -- that have now led to them having no power at all.
Where is this land of freedom and responsibility, knowledge, opportunity, accomplishment, honor, truth, trust, and one boring hour each week spent in itchy clothes at church, synagogue, or mosque? It lies in ruins at our feet, as well it might, since we ourselves kicked the shining city upon a hill into dust and rubble. The progeny of the Reagan Revolution will live instead in the universe that revolves around Hyde Park...

In our preaching and our practice we neglected to convey the organic and universal nature of freedom. Thus we ensured our loss before we even began our winning streak...

What will destroy our country and us is...the fact that liberals think the free market is some kind of sect or cult, which conservatives have asked Americans to take on faith. That's not what the free market is. The free market is just a measurement, a device to tell us what people are willing to pay for any given thing at any given moment. The free market is a bathroom scale. You may hate what you see when you step on the scale. "Jeeze, 230 pounds!" But you can't pass a law making yourself weigh 185. Liberals think you can. And voters--all the voters, right up to the tippy-top corner office of Goldman Sachs--think so too.

We, the conservatives, who do understand the free market, had the responsibility to--as it were--foreclose upon this mess. The market is a measurement, but that measuring does not work to the advantage of a nation or its citizens unless the assessments of volume, circumference, and weight are conducted with transparency and under the rule of law. We've had the rule of law largely in our hands since 1980. Where is the transparency? It's one more job we botched.

Although I must say we're doing good work on our final task--attaching the garden hose to our car's exhaust pipe and running it in through a vent window. Barack and Michelle will be by in a moment with some subsidized ethanol to top up our gas tank. And then we can turn the key.

Thanks to Jameson Campaigne for the link.

Posted by Donald L. Luskin at 11:28 PM | link