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

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:

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

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-- Paul Krugman

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

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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

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Copyright 2002 thru 2009
Donald L. Luskin
All rights reserved.
"The Conspiracy to
Keep You Poor and Stupid"
and "Krugman Truth Squad"
are trademarks of
Donald L. Luskin

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"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
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From Atlas Shrugged
by Ayn Rand

From each as they choose,
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From Anarchy, State and Utopia
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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, November 20, 2009

IS THIS CHANGE? IS THIS HOPE?   No... it's Beltway bribery as usual. From ABC's The Note:
What does it take to get a wavering senator to vote for health care reform?

Here’s a case study.

On page 432 of the Reid bill, there is a section increasing federal Medicaid subsidies for “certain states recovering from a major disaster.”

The section spends two pages defining which “states” would qualify, saying, among other things, that it would be states that “during the preceding 7 fiscal years” have been declared a “major disaster area.”

I am told the section applies to exactly one state: Louisiana, the home of moderate Democrat Mary Landrieu, who has been playing hard to get on the health care bill.

In other words, the bill spends two pages describing would could be written with a single world: Louisiana. (This may also help explain why the bill is long.)

Senator Harry Reid, who drafted the bill, cannot pass it without the support of Louisiana’s Mary Landrieu.

How much does it cost? According to the Congressional Budget Office: $100 million.

Thanks to Dave Duval.

Posted by Donald L. Luskin at 9:44 AM | link  

ISM!   Once you get through the first three or so minutes of preparatory nonsense, this is actually a pretty powerful little film.

Thanks to William Heasley.

Posted by Donald L. Luskin at 9:41 AM | link  

Wednesday, November 18, 2009

WHO WILL "SAVE" CALIFORNIA?   Insurance gure William Heasley writes,
Thirty (30) jobs were created (or "saved") in the 15th Arizona Congressional District? Hmmm. Arizona only has eight (8) Congressional Districts! Oops!

Please click on this link, courtesy of Mark Perry: "Unemployment, The Movie." Once you click play and watch the map change, pay particular attention to California from the beginning of the movie until the end of the movie.

At the end of the movie, here is an observation about California: the map looks like a satellite view of North Korea at night! Just plain old Dark!

Posted by Donald L. Luskin at 10:11 AM | link  

A TALE OF TWO STORIES   My DC-insider friend "Mick Danger" watches in horror, thankfully from afar, as Barack Obama embarrasses himself and us in Asia:
Here are two quotes, which upon reflection, don't quite add up to half a gallon. First, from Politico,
...that voters had come to see Democrats as a party of high spending — too willing to make a rush for the pocketbooks and unable to effectively articulate how their health care reform push benefited independents, many of whom already have insurance plans.
Now this gem, from Reuters:
BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession."
There will be a new wing at the Hubris Museum for that second quote. You're lecturing us against excessive debt while in China, while Congress is threatening to deliver some version of your health care explosion of entitlement spending. Hey, Barack, are you under the illusion that anyone in China or in the U.S. is still buying your B.S.?

Now imagine, one day soon, a junior White House staffer, clever enough to wait until David Axelrod (recent photo of the Ax, caught arising, at left) is off the campus, tiptoeing into the Oval one day, saying something like: "Hello, Mr. President? Yes, the people are on line 3 and...they're pissed. No, sir, not at me. At you, sir."

Happens to most presidents. Too late to ask Nixon, so call Jimmy Carter. Whatever he recommends, do the opposite.

Have a nice trip home!

Posted by Donald L. Luskin at 10:05 AM | link  

Monday, November 16, 2009

FEDS DECLARE SOME _____ NOT WORTH SAVING   From DC-insider "Mick Danger":
This just in and it’s distressing news.
Women in their 40s should stop routinely getting annual mammograms, and older women should cut back to one scheduled exam every other year, an influential federal task force has concluded, challenging the use of one of the most common medical tests.

In its first reevaluation of breast cancer screening since 2002, the federal panel that sets government policy on prevention recommended the radical change...

Death panels, maybe. But I surely thought the federal governments healthcare czars and czarinas would, you know, well, click here.

Posted by Donald L. Luskin at 7:32 PM | link  

WHAT, YOU THOUGHT FREE HEALTH CARE WOULD REALLY BE FREE?   You poor fool. I'm quoted on ABC News, truth-telling about the costs of Obamacare:
Some Republicans and Wall Street investors say tapping into high-end earners and capital gains will soak the rich and hurt an already ailing economy.

"Could there be a more efficient way to kill our halting recovery from recession than to have Harry Reid plot in secret to raise taxes?" says Donald Luskin, chief investment officer at Trend Macrolytics LLC. "Have we learned no economic lessons from the Depression?"

The recently passed House bill would impose a 5.4 percent income tax on individuals making more than $500,000 and joint filers making more than $1 million...

Also possibly adding to middle-class tax burdens is a provision in the House plan that requires all Americans to have health insurance.

Large companies would have to offer coverage to their employees, and both consumers and companies would be slapped with penalties if they defy the government's mandate.

"If you choose not to get insurance, you get hit with an excise tax," says Luskin of Trend Macrolytics LLC. "Which is a fancy way of saying a fine or a penalty."

Update... Within minutes, the Religious Left calls out the attack-poodles to bite the ankles of any element of the mainstream media should air such thoughts.

Posted by Donald L. Luskin at 2:34 PM | link  

NOT EVEN IF IT'S FREE   According to a recent New York Magazine poll, "health care" is the least-wished-for among all Christmas gifts. Someone should tell Santa Pelosi and her elves at the Left Pole to work on other toys.

Posted by Donald L. Luskin at 11:09 AM | link