As I read Brad DeLong fulfilling the plea from Jonah Goldberg: Well, we want to put up more quotes from the pages of NR, past, present and future there I had to wonder. Brad is a very good economist and yet he provided quotes about NR’s racism and love for Joseph McCarthy but nothing on […]
David Wessel of the Wall Street Journal is feeling bearish this morning: Every so often, economic forces and financial markets collide in ways that make for a tumultuous year — the stock market crash in 1987, the Asian financial crisis and bond-market paralysis in 1998, the bursting stock bubble in 2000. Suddenly, this year has […]
Brad DeLong pays tribute to the late Lloyd Bentsen as does David Rosenbaum. While it was not the purpose of his post, Daniel Drezner pays a very nice tribute to Bill Clinton’s first Treasury Secretary: The White House seems to view the Treasury Secretary as a salesman’s job, as opposed to a position where that […]
Bruce Bartlett and Brad DeLong note that even the Washington Times is challenging the credibility of our Treasury Secretary: According to Mr. Snow’s own numbers, which Mr. Frank had to drag out of him, over the past 12 months average nominal wages, for production and nonsupervisory employees, who account for 80 percent of private-sector employment, […]
The latest op-ed from David Brooks is entitled From Freedom to Authority and includes this spin: In the 1970’s and 80’s, conservatives felt the primary threat was the overweening nanny state. Ronald Reagan tried to loosen the structures that restricted individual initiative and led to national sclerosis. He and Margaret Thatcher deregulated, privatized, cut tax […]
On Meet the Press, Gingrich said Republicans and Democrats need to have a bipartisan dialogue but he also said: if you represent a party whose contract is with San Francisco and Vermont, you can hardly explain what your future is. I mean, Congresswoman Pelosi cannot explain what her speakership would be because it would be […]
Deroy Murdock of the National Review gets something right! On spending, LBJ’s Great Society seems greater than ever. Washington Republicans’ Spend-O-Rama famously included 13,997 pork-barrel projects that lodged like baby-back ribs in last year’s appropriations bills. President Bush’s $92.2 billion request for Iraq War and Hurricane Katrina funding has expanded to $109 billion after Senate […]
Sheldon Alberts reports: In a memoir published Tuesday, the 37-year-old lesbian describes a proposed constitutional ban on same-sex marriage as a “gross affront” to gay Americans and reveals she almost quit the Republican campaign after President George W. Bush’s endorsement of the legislation two years ago. But Cheney saves her harshest words for Bush’s 2004 […]
Welcome back Kash and thanks for this post! I trust you saw those Cato Unbound discussions – and it seems David Frum is still as confused as ever: If we must have tax increases, the VAT would not be one of my choices, for the reason Summers predicts – I fear it will generate so […]
Byron York makes the following phony distinction: A pattern is emerging in pre-trial arguments in the perjury and obstruction of justice case against former Cheney chief of staff Lewis Libby. That pattern is the recurring conflict between the Little Case and the Big Case. The Little Case is the narrow, tightly defined charge that Libby […]