Lawrence Kudlow defends President Bush’s decision to use Federal funds to address the aftermath of Katrina. While I also applaud the President’s decision, a couple of Kudlow’s arguments strike me as absurd: Bush knows, even if others have forgotten, that the terrorists are carefully watching the U.S. government’s response to the natural disasters in New […]
Some of the first signs of Katrina’s effects on the US’s national economic statistics were contained in this morning’s release of the estimates of August personal income and spending. From the news release: Personal income decreased $5.3 billion, or 0.1 percent, and disposable personal income (DPI) decreased $7.4 billion, or 0.1 percent, in August, according […]
Byron York tries to paint Mr. Earle as a prosecutor who abuses his business to shake down companies such as Sears: A grand jury in Travis County, Texas, last September indicted eight corporations in connection with the DeLay investigation. All were charged with making illegal contributions (Texas law forbids corporate giving to political campaigns). Since […]
Tyler Cowen has an interesting theory as to the “economics of magazines” as an explanation as to why the National Review has such incredibly dumb op-eds from their econopundits: Most popular political magazines live and die by direct mail. The “burn rate” of non-renewals is very high, and either advertisers or donors will care about […]
As the Commerce Department confirmed that real GDP grew at an annualized rate of 3.3% during the second quarter of 2005, this AP story is suggesting that growth will slow for the rest of the year: The 3.3 percent growth rate for the April-to-June quarter was unchanged from an estimate made a month ago. That […]
I wish to say well done to two conservatives. First, Arnold Kling was also offended by this National Review nonsense. The other well done goes to the National Review for more wisdom and honesty from Bruce Bartlett: I was asked to testify before a hearing of the Senate Democratic Policy Committee. I made it clear […]
Cheers fans might remember Kelly Boyd who dated Woody Boyd for a short time. During one Cheers episode, Woody tried to explain to Kelly that he did not have any money. She laughed and simply suggested that he go to the ATM machine. It seems Tom Nugent has found a similar way to pay for […]
While I’m not yet ready for us to declare victory and come home, I have to admire Cindy Sheehan. Take a gander at this picture and tell me she is not taking our country back from these neocons who declare war for partisan purposes and then tried to suppress all dissent. Tell me that with […]
Brad DeLong echoes our comment on the National Review’s fiscal solution and calls the editors the stupidest people alive. Never fear Donald Luskin is making a comeback: With the launch last week of “TimesSelect,” you now have to pay a fee of $49.95 per year to read Krugman online, along with Thomas Friedman, Maureen Dowd, […]
A few conservatives are rightfully concerned that the massive General Fund deficit, which is still above $500 billion a year, is too high and are turning on the Bush Administration. The National Review naturally thinks spending is too high and blames Democrats who must be someone making the Republican led government be so irresponsible: We […]