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My favorite part is the bag at the end. My only disappointment is they missed the opportunity to use the line, “Those jobs weren’t even on the table.”
So we’re in a recession, at least, where one of the biggest problems is that people with money won’t lend it. Then the President stiff-arms secured creditors to pay off his union buddies, overturning basic law to do so. Who will lend money now, without seeking potentially high rewards with higher interest rates? Scott Grannis [...]
Interesting thought experiment from one of Rand Simberg’s commenters: I bet if the entire Obama Administration and Democratic Congressional Leadership were sentenced to hang on December 1, 2009, if the stock market were not above 9000 and unemployment were not below 7%, they would become raging tax-cutting pro-business libertarians overnight. That is, I don’t believe [...]
In my entry on the MTA and labor costs, I stated that I feared that New York would become too much like New Orleans and Detroit — once thriving cities that choked their productive class out of existence, left with taxeaters and — at least in New Orleans, a concentrated professional class and tourist section. [...]
I am not in the habit of looking for helpful economic commentary from American Catholic bishops, but this is worthy of note. The Bishop of Brooklyn, in his weekly column, discusses the current economic situation, and shows more understanding than most of our political or journalistic class: Fighting Poverty to Build Peace. At the same [...]
