Wednesday, January 28, 2009

Can it be stopped?

Skeptics weigh in:

Most of Washington has reached quick consensus: Government must do something big to shock the economy, and it should cost between $800 billion and $900 billion.

But dissident economists and investment professionals offer a much different take: Most of Washington is dead wrong.

Instead of fighting over what should go in the economic stimulus bill, pitting infrastructure spending against tax cuts and contractors against contraceptives, they say lawmakers should be fighting against the very idea of any economic stimulus at all. Call them the Do-Nothing Crowd.

Friday, January 16, 2009

What a mess

Did we lure people in to build houses we didn't need, then buy houses they couldn't afford?

Subprime Crisis: The media have pounded President Bush for a wave of Hispanic home foreclosures. But it was Democrats who launched a drive to loosen credit for Hispanics — many of them illegals.

Saturday, January 3, 2009

Taps for global warming?

Huffington Post (thanks to Instapundit)

Mr. Gore has stated, regarding climate change, that "the science is in." Well, he is absolutely right about that, except for one tiny thing. It is the biggest whopper ever sold to the public in the history of humankind.

Friday, January 2, 2009

Fingers crossed

If we can't predict the economy -- then what?

As the estimable Robert Samuelson writes in the Washington Post, "The great lesson of the past year is how little we understand and can control the economy." The equally estimable Matthew D'Ancona puts it this way in Britain's Sunday Telegraph, "The Sibylline Books remain closed. The crystal ball yields no secrets....Almost nothing is certain about the next twelve months."