Romney on AIG:
Of course, the Obama administration was wrong to initially defend the bonuses as contractually obligated.
Monday, March 16, 2009
Thursday, March 12, 2009
$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.
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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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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Wednesday, March 11, 2009
End of superpowerdom?
So can the U.S. afford more F-22s? And garrisons all over? Even we hawks must wonder.
Tuesday, March 3, 2009
Sunday, March 1, 2009
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.
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.
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