Monday, June 01, 2009


Obama fixes a New York Senate race, as Chicago politics is exported to New York.

"Health care reform is entitlement reform." Not.

Stimulus working in reverse: Long-term interest rates shoot up while the recession deepens, exactly contrary to the Fed's wishes, as Obama runs up huge spending-driven deficit increases. Regarding which Niall Ferguson gives Paul Krugman an "I told you so" ... and we get a reminder of why the standard advice in economics textbooks for the last thirty years has been "anti-recession stimulus = bad idea", from Arnold Kling.

"It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people..." -- Pravda (!)

When surveyed, most people say they would support Congress placing "price caps" on cell phone service and automobiles, and 39% say they would support Congress placing price caps on televisions and "coffee and other hot beverages". Yet more evidence that Americans shouldn't be allowed to vote.