$1.3M per job

Dose of reality on spending:

What the four economists found is that the Administration's estimates for stimulus growth were six times as high as they could produce under a modern Keynesian simulation. By their estimates, the stimulus would produce, at most, 600,000 jobs and add perhaps 0.6% to GDP at its peak. That's nowhere near a multiplier of 1.5 and suggests the $800 billion would have been better devoted to business tax cuts or fixing the financial system. That's $1.3 million in spending per job, for those keeping score at home.

The Obama agenda comes out.

Commentators are waking up:

As Mr. Henninger points out, this is no ordinary budget: it is a morality play in which “fairness” (note the scare quotes)is pitted against “wealth.”

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End of superpowerdom?

So can the U.S. afford more F-22s? And garrisons all over? Even we hawks must wonder.

When the headline says it all:

The War on Prosperity

What is needed?

There's a reason Rush is so influential:


For those of you just tuning in on the Fox News Channel or C-SPAN, I'm Rush Limbaugh and I want everyone in this room and every one of you around the country to succeed. I want anyone who believes in life, liberty, pursuit of happiness to succeed.

Maybe Obama is Hoover

Dick Morris on Mr. Gloom and Doom:

So, having inherited a recession, his words are creating a depression. He entered office amid a disaster and he is transforming it into a catastrophe,

What really happens

Very interesting piece on why layoffs don't help companies.

While layoffs may seem like a good way to cut costs in the short-term, the direct and indirect costs of downsizing can paralyze your company’s long-term revenue-generating streams. “The books look great for two or three quarters, and then things don’t get done,” says Jonathan Phillips, managing director of Houston-based executive search firm Magellan International.