Chronicle of the Conspiracy
Friday, March 27, 2009KUDLOW REPLAY Here's the YouTube video of tonight's hit:
Posted by Donald L. Luskin at 10:21 PM | link
Wednesday, March 25, 2009KUDLOW REPLAY Here's the YouTube video of Friday's hit.
Posted by Donald L. Luskin at 4:27 PM | link
Sunday, March 22, 2009THIS "MAP OF SCIENCE" INCLUDES A PSEUDO-SCIENCE Do you see it? It's at about 11 o'clock. Learn more.
Posted by Donald L. Luskin at 9:11 PM | link
THIS IS HOW YOU KEEP FROM WASTING A GOOD CRISIS ...if you're a sociopath like our new president, you just treat it all as a joke:
President Barack Obama said he believes the global financial system remains at risk of implosion with the failure of Citigroup or AIG, touching off “an even more destructive recession and potentially depression.”Thanks to Jameson Campaigne.
Posted by Donald L. Luskin at 8:57 PM | link
UNDERSTATEMENT OF THE DAY But at least it's a statement. From no less surprising a source than Jared Bernstein, union tool and now advisor to Joe Biden, concerning the House bill to tax bonuses at 90%:
"I think the president would be concerned that this bill may have some problems in going too far — the House bill may go too far in terms of some — some legal issues, constitutional validity, using the tax code to surgically punish a small group," Bernstein said in a television interview. "That may be a dangerous way to go."Thanks to Perry Eidelbus.
Posted by Donald L. Luskin at 5:45 PM | link
INNUMERACY, AND BLIND TRUST IN EXPERT SOURCES Reader Morgan Collins sends this in:
You seem to like examples of innumeracy and economic illiteracy from the main stream media. Here's one from this week's Newsweek, by Fareed Zakaria:Take the steel industry. The Peterson Institute for International Economics estimates that the "buy American" provision will result in an increased domestic production of about 0.5 million metric tons of steel every year. Unfortunately, steel is a highly mechanized industry, as are most manufacturing industries in the United States. The boost in production will translate into 1,000 jobs, which in a labor force of 140 million is insignificant. America's steel industry exports 9 million metric tons of steel every year. Even if 1 percent of those exports were lost because of retaliation by other countries—a very conservative assumption—that would result in 6,500 jobs being lost in the same industry.So, if I read Zakaria correctly, ADDING 500,000 metric tons of steel production CREATES 1,000 jobs. (500 metric tons/job)
Posted by Donald L. Luskin at 5:38 PM | link