The Tax-cut Deal Is A Good Outcome

    My observations on the tax-cut deal: I don’t have a problem with extending the UI benefits. As I’ve said elsewhere, I think there are a few million people out there, mostly middle-aged, who will never see another job at their old rate of pay, and this is because the economy is changing, not because of recession. We’re going to eventually end up with permanent income | Read More »

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    Obama: Hope Gives Way To Fear

    We take for granted that the government of the United States will act with probity and restraint. Uniquely among nations, we have a government that is overshadowed by powerful ideas about the sources of its legitimacy. These are encoded in the Declaration of Independence, the Bill of Rights, key passages of the Gettysburg Address (“dedicated to the proposition…”, “of the people, by the people, for | Read More »

    Obama Uses His Daddy Voice On Wall Street

    Remember when Nancy Pelosi became Speaker of the House? One of her first remarks was that she intended to trot up to the White House, and use her mommy voice on the President of the United States. Democrats do have a way of thinking they have parental responsibility for the rest of us. Yesterday, Obama got himself quoted in all the news outlets to the | Read More »