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Daily Links – March 6, 2012

Today is March 6th. On this date in 1981, Walter Kronkite stepped down from the CBS Evening News. He was replaced by Dan Rather. Kronkite was sometimes referred to as “the most trusted man in America” by talking heads around the country. Dan Rather was sometimes referred to as “some crazy old guy wielding a fork, ranting about bread pudding and wearing a robe and slippers” by buffet restaurant owners around the world. Also, on this date in 1426, former Chairman of the Fed Alan Greenspan was born. At the time, Ron Paul could not be reached for comment. And lastly, on this date in 1970, Charles Manson released an album called “Lies” to help pay the legal fees in his murder trial. Critics described it as “stabby.” As always, consider this an Open Thread.

Soros, others set to cash in on Natural Gas Act payday | Human Events
“George Soros and other top contributors to Democrats are one step closer to making millions of dollars off their natural gas investments, thanks to tax breaks and subsidies included in the Natural Gas Act which was filed March 5 as an amendment to the highway bill.”

Does Media Matters Hold Itself To Its Own Standards? | The Right Sphere
“Let’s try a little experiment. Media Matters tweeted this out in some bizarre attempt to make themselves seem like they’re morally superior to ‘the right wing’”

Video: What Should the Highest Tax Rate Be? | Senator Ron Johnson
Watch as the Senator pins down the expert witnesses, who hem and haw about what the maximum rate should be. Except for the last witness, but I won’t spoil it for you.

Chasing Andrew | Daniel Knauf
Strong Language Warning. Probably don’t want to click that link while at work. But it is a fascinating story from behind enemy lines in Hollywood, and a testament to the influence of Andrew Breitbart.

One more thing. Don’t forget to register for the RedState Gathering.

Today’s Word of the Day comes via Dictionary.com
appertain (ap-er-TEYN): verb To belong as a part, right, possession or attribute.

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COMMENTS

  • jermane2020

    Obama sharply criticized Republican presidential candidates today, saying:

    They are not commander in chief. When I see the casualness with which those folks talk about war, I am reminded of the costs involved in war.
    http://www.washingtonpost.com/politics/obama-blasts-gop-hopefuls-over-comments-on-war-with-iran/2012/03/06/gIQAYiL7uR_story.html

    Anything that signals to Iran a reluctance on the part of the president to attack Iran increases the chance that they will continue to march toward developing nuclear weapons (or the capability to do so at any time), and thus costs America, as well as Israel and other nations — potentially costing many, many thousands of lives someday, in effect.

    I want to bend over backwards to be fair, so I’ll include a scenario in which the above is arguably excusable with regard to his intent in making that statement.

    The excusable scenario is this: Obama wants to discourage the Israelis from striking before we want Iran struck, so he wants to signal a reluctance to go to war. When I say “excusable” I’m speaking only to his intent, not the wisdom, and if that is his intent, it’s possible that his intent is not unpresidential.

    That said, I think the more likely that his intent was to improve his chances at re-election. If that is the case, I cannot state strongly enough how irresponsible and selfish and unworthy of a president such a statement is.

    Obama has never seemed to me to be particularly good at what game theorists call “signalling” or negotiation. But I have to assume that even he is aware of the importance of how his statements affect the decision-making of our enemies, and he must know this with regard to the Iranian regime. So I can’t attribute this statement to some innocent obliviousness.

    If my suspicion regarding his intent is correct, his making that statement is outrageously counterproductive vis a vis our need to maximize the chances of Iran backing away from its efforts to develop nuclear weapons or such capability.

  • jermane2020

    Economist Ken Rogoff makes an excellent point. Here is excerpt from economist Greg Mankiw’s blog:

    What amazes me is the public?s blas? acceptance of the salaries of sports stars, compared to its low regard for superstars in business and finance. Half of all NBA players? annual salaries exceed $2 million, more than five times the threshold for the top 1% of household incomes in the United States. Because long-time superstars like Kobe Bryant earn upwards of $25 million a year, the average annual NBA salary is more than $5 million. Indeed, Lin?s salary, at $800,000, is the NBA?s ?minimum wage? for a second-season player. Presumably, Lin will soon be earning much more, and fans will applaud.

    Yet many of these same fans would almost surely argue that CEOs of Fortune 500 companies, whose median compensation is around $10 million, are ridiculously overpaid. If a star basketball player reacts a split-second faster than his competitors, no one has a problem with his earning more for every game than five factory workers do in a year. But if, say, a financial trader or a corporate executive is paid a fortune for being a shade faster than competitors, the public suspects that he or she is undeserving or, worse, a thief.

    http://gregmankiw.blogspot.com/2012/03/rogoff-reflects-on-jeremy-lin.html