Chronicle of the Conspiracy
Friday, December 19, 2008THE CONSTITUTIONAL CASE AGAINST "CARD CHECK" While the Obama administration is running to the center on taxes and other economic policies, the threat of massive expansion of union power through "card check" instead of secret ballot at non-unionized plants remains on the table. The great Richard Epstein thinks that it wouldn't survive a Supreme Court challenge. From this morning's Journal:
The EFCA [the proposed "card check" law] takes away the employer's right to walk. Now the successful union, backed by direct government power -- i.e., mandatory arbitration -- can force itself on the firm. Yet the proposed law does not let any court block the deal or ensure that the mandated terms offer a reasonable return on its invested capital. (Even modern rent control statutes require that much.)
Posted by Donald L. Luskin at 9:31 AM | link
Thursday, December 18, 2008"YOU DIDN'T UNDERSTAND IT THEN, AND YOU PROBABLY DON'T UNDERSTAND IT NOW" Inflation, that is. Bet you didn't know it was our salvation. Here's the whole story. Thanks to Brian McCarthy.
Posted by Donald L. Luskin at 1:47 PM | link
WURST OF THE WORST It was my pleasure to be asked to be one of the judges for TimesWatch's annual contest to determine the very worst quote from the New York Times for the past year. Click here to see all the winners -- and see if you can force yourself to read them all, just to have all in one brutal experience the full depth of how just plain awful the Times really is. I wasn't the only judge to pick this one as a favorite, though:
Don Luskin...settled on Stephen Erlanger's, which "exposes not just the unbalanced adulation for Obama and contempt for McCain, but at the same time the way the Times descended into portraying the campaign as a contest of personal images rather than issues."Here it is, in all its gory glory:
"On Thursday evening in a glittering Berlin, cheered by as many as 200,000 people, Mr. Obama delivered a tone poem to American and European ideals and shared history. In contrast, just before he spoke, Mr. McCain, was sitting in Schmidt's Sausage Haus und Restaurant in Columbus, Ohio, having a bratwurst, and saying grumpily that he would prefer to speak to Germans when he is president, not before." -- Stephen Erlanger in a July 26 filing from Paris while covering Barack Obama's world tour.
Posted by Donald L. Luskin at 9:34 AM | link
Tuesday, December 16, 2008KUDLOW REPLAY Here's the YouTube video.
Posted by Donald L. Luskin at 1:22 AM | link
Monday, December 15, 2008IS THIS RANCH FINANCED WITH A SUB-PRIME MORTGAGE?
Thanks to reader Richard Ridgeway.
Posted by Donald L. Luskin at 1:39 PM | link
Sunday, December 14, 2008OK, IT'S NOT EXACTLY BERNIE MADOFF, BUT STILL This is quite a swindle, at least considering the dollar value of it in relation to its tiny components.
Wang Zhendong...chairman of Yingkou Donghua Trading Group, had promised returns of up to 60 percent for investors who purchased ant-breeding kits from two companies he ran.Thanks to Mark Spahn.
Posted by Donald L. Luskin at 7:06 PM | link