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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
"What has been your worst blogging experience? "That's a guy who actually stalks me on the Web and once stalked me personally." "I'm saying this...guy's a jerk."
 The Happy Body Aniela and Jerzy Gregorek What I'm listening to:  Langley Schools Music Project What I'm watching:  Star Trek What I'm playing:  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.
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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!
Friday, April 24, 2009
KUDLOW REPLAY Here's the YouTube video of tonight's appearance.Posted by Donald L. Luskin at 10:18 PM |
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ANDREW CUOMO -- TARP'S BIGGEST CROOK? Here's my column on National Review Online today.
Posted by Donald L. Luskin at 12:10 PM |
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Thursday, April 23, 2009
OUR NEXT FED CHAIRMAN? Ben Bernanke has to be chuckling about this...
Today, President Obama met with credit card industry officials at the White House. ...He called the session with the industry executives "open and productive conversation." However, one person who seemed less than interested in the meeting was White House economic adviser Larry Summers, who fell asleep. From the pool report:...Summers appeared to be nodding off near the beginning of Obama's remarks. And then he DID nod off, doing the head on the hand and then head falling off the hand thing. Photogs seemed to be having a field day. All other officials in the room appeared fully awake.
Posted by Donald L. Luskin at 2:58 PM |
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Wednesday, April 22, 2009
EVER?? Seen at Costco in Mountain View, California. What... are they afraid that you'll drop dead before you can get through the check-out line otherwise?
Posted by Donald L. Luskin at 11:36 PM |
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THAT'S A LOT OF BIKES FOR THE MONEY Seen in Palo Alto, Califonia.
Posted by Donald L. Luskin at 11:34 PM |
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KUDLOW REPLAY In which a smug lawyer tries and fails to make the case that, now that the Democrats are in charge, there should be no limit to the Treasury's authority under TARP (regardless of what the statute says).
Just in case anyone is interested in the facts, here is a link to the statute enabling TARP. I defy anyone to find a word in this that authorizes capital injections in banks, or authorizes anything at all with automobile manufacturers (especially my debate opponent Mr. Epstein, who clearly has never read this statute). But according to my debate opponent, that doesn't matter. To him it's a constitutional matter, and (again, to him) apparently the Constitution doesn't require government agencies to operate within their statutory authorities.
Posted by Donald L. Luskin at 9:10 PM |
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HAPPY EARTH DAY You've heard the hype, now hear the truth, from our friend Jim Glass:
1965 to 2005:* US per capita GDP, up 126%.
*US per capita consumption of 32 most-consumed minerals, down 40%
* US total gross consumptuon of 32 most-consumed minerals, down 9% -- that's a 9% decline in absolute terms even as GDP rose 244% and the population increased by 53%.
Moral: To save the Earth, grow the economy faster! Faster!
Full details about all this and more (including how the amount of trash NYC produces per capita has declined by more than 50% since 1940)...
Posted by Donald L. Luskin at 10:27 AM |
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Tuesday, April 21, 2009
SEVENTY-FIVE YEARS AGO THIS VERY DAY Last week we ran a political cartoon lampooning the New Deal, from the Chicago Tribune on April 21, 1934. To mark that cartoon's 75th anniversary today, a reader who wishes anonymity has sent in this updated version. Enjoy!
Posted by Donald L. Luskin at 8:46 AM |
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Monday, April 20, 2009
KRUGMAN ADMITS IT -- LAFFER WAS RIGHT ALL ALONG In his New York Times column today, Paul Krugman says,Ireland is being forced to raise taxes... that will further deepen the slump.
Posted by Donald L. Luskin at 2:52 PM |
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THIS EXPLAINS EVERYTHING No wonder Chris Dodd (D-NY) is doing everything he can to prolong the recession by re-regulating the big banks. From the Hartford Courant:
The Democratic senator raised more than $44,000 from pawnshop owners and other businesses that provide high-interest loans, often to those with bad credit, according to campaign finance reports.
Posted by Donald L. Luskin at 1:09 PM |
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YOU'VE GOT TO BE KIDDING This is worthy of a "news alert" according to ABC News:
President Barack Obama says he worries the administration is suffering from "a confidence gap" with the public and has told the Cabinet to slice $100 million from federal spending within 90 days.Oh, yeah. That will help close the "confidence gap" in the face of a $3 trillion budget deficit.
Posted by Donald L. Luskin at 1:01 PM |
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Sunday, April 19, 2009
It never ceases to amaze me that liberals in the mainstream media always act as though they are on the moral high ground -- as though their policy preferences are intrinsically virtous, beyond debate, decency itself... and then they turn around and use this attitude to justify their own outpourings of loathesome intolerance and hatred of views that differ from their own. Here is Jeanine Garofalo on MSNBC characterizing conservative viewpoints as the result of some combination of racism and brain disease. Here she is, concerning the April 15 "tea parties":...let's be very honest about what this is about. It's not about bashing Democrats, it's not about taxes, they have no idea what the Boston tea party was about, they don't know their history at all. This is about hating a black man in the White House. This is racism straight up. That is nothing but a bunch of teabagging rednecks. And there is no way around that. And you know, you can tell these type of right wingers anything and they'll believe it, except the truth. You tell them the truth and they become -- it's like showing Frankenstein's monster fire. They become confused, and angry and highly volatile. That guy, causing them feelings they don't know, because their limbic brain, we've discussed this before, the limbic brain inside a right-winger or Republican or conservative or your average white power activist, the limbic brain is much larger in their head space than in a reasonable person, and it's pushing against the frontal lobe. So their synapses are misfiring. Is Bernie Goldberg listening?Thanks to reader Adam Kelly.
Posted by Donald L. Luskin at 8:50 PM |
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