The real story of Michelle Bachmann’s “win” in the Iowa straw poll (not to be confused with the Iowa primary) isn’t that she got just over 4,800 votes—it’s that she paid for 6,000, proving at least 1,200 Iowa straw pollers are smarter than most of the reporters covering her “win.” Late to the party mention: […]

A correspondent notes CJR found a good scoop by the FT: Merrill Lynch paid out about $4 billion in bonuses just days before Bank of America took it over, the Financial Times says this morning. What raises the eyebrows is the timing: Merrill paid its bonuses before the year was even up, “an unusual step” […]

Via Drs. DeLong and Black, the WaPo reports that this version of the S&L crisis will repeat the mistakes of the last one: Instead of giving each company a big capital infusion upfront, the government could make quarterly injections as the companies’ losses warrant, the sources said. This would be an attempt to minimize the […]

Seems Colorado wants to change to a “right to work” state. They have been trying for at least a decade. Funny phrasing. I always thought I had a right to work. You know… pursuit of happyness, freedom and all. What does it mean for me if I have no right to work? Would I need […]