The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

‘All Caveats’

Back in the early ’80s when I was doing rock ‘n’ roll, you’d hand somebody a demo tape and automatically include apologies for the crappy quality — the tape hiss, the fact you didn’t have time to get the vocals just the way you wanted them, etc. A buddy of mine would interrupt this obligatory […]

More Economic Reality

President Obama’s biggest obstacle? Arithmetic: The increase in jobs highlighted in the nation’s most recent unemployment report carried the sound of economic promise, but Obama administration officials said Sunday that the public shouldn’t expect any dramatic improvement in the jobless rate, largely because of the effect of thousands of “discouraged” unemployed people who have resumed […]

Are Big Banks ‘Too Big to Fail,’ Or Are They Just Too Complex to Regulate?

Taking as an example the 2008 bankruptcy of Lehman Brothers, Steve Randy Waldman at Interfluidity examines the difficulty of measuring the solvency of major financial institutions that deal in complex instruments. It’s that “Knowledge Problem” that Professor Reynolds warned about.

Liberal Fantasies vs. Economic Reality

Since 2008, I have consistently derogated prospects for a quick economic recovery. Americans lost an estimated $7 trillion in asset value in housing bubble collapse — a loss of approximately $54,000 per U.S. home — and whatever it takes to recover from that kind of loss, it certainly won’t be quick. Furthermore, I have consistently said that the […]

Obama Talks Jobs, While Unemployment Stays at 9.7 Percent

As if merely talking about jobs were the same as doing something about the unemployment problem: It’s the first Friday of the month, and you know what that means — a new jobs report. As the White House and its Republican critics wait to see if the unemployment rate of 9.7 percent rises or falls, President […]

Gee, ObamaCare Is Still Unpopular!

Rassmussen Reports: 55% Favor Repeal of Health Care Bill. Quinnipiac: Obama Gets Small Bounce From Health Care Win. Do you recall somebody being very skeptical of that Gallup/USA Today “turnaround” claim?  And do you recall somebody writing this? A lot of things have changed in seven months, but amid all the changes, ObamaCare has been reliably unpopular. […]

Karl Rove, the Bush Dynasty, and the GOP Elite’s Push for ‘Immigration Reform’

Steve Sailer attempts to explain the otherwise inexplicable disaster: On the personal side, George and Barbara Bush employed a live-in Mexican maid, Paula Rendon, of whom W. has said, “I have come to love her like a second mother.” He went on to employ another Mexican immigrant, Maria Galvan, to raise his two daughters. Younger brother […]

VIDEO: Why the Stimulus Isn’t Working

(Hat tip: Upload Liberty.) Gee, y’know, it seems like somebody warned you that this wouldn’t work. And speaking of things that won’t work . . .

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