Republicans, Democrats criticize Jindal’s speech:
“‘To come up in this moment in history with a stale, ‘Government is the problem, you can’t trust the federal government’ is just a disaster for the Republican Party,’ Brooks said on PBS’ ‘The NewsHour With Jim Lehrer.’ ‘It’s not where the country is, it’s not where the future of the country is.'”
(Via Yahoo! News.)
Exactly.
Chimp-Stimulus Cartoon Raises Racism Concerns – City Room Blog – NYTimes.com:
(Via NY Times – City Room Blog.)
I’d say the Post belongs at the bottom of a bird cage, but that would mean you’d have to buy it first.
Netbooks killing off sickly Windows PC sales — RoughlyDrafted Magazine:
“That has hit Microsoft particularly hard, resulting in an 11% drop in profits over its year ago quarter and plans to cut 5,000 jobs over the next year and a half. On the other hand, Apple posted its best quarterly results ever, with 9% growth in its Mac sales over the previous year.”
(Via RoughlyDrafted Magazine.)
This what happens when you have to focus on making great products in order to survive.
Commentary: If you oppose stimulus, don’t take the money – CNN.com:
“If Republican politicians are so deeply opposed to President Obama’s economic recovery plan, they should refuse to take the money. After all, if you think all that federal spending is damaging, there are easy ways to reduce it: Don’t take federal money.”
(Via CNN.)
Obama Campaigns Outside Washington to Win Insiders on Stimulus – Yahoo! News:
“While the president’s approval ratings are close to 70 percent, much of the public has been persuaded by arguments from congressional Republicans that the stimulus package is loaded with projects that won’t spur economic growth, according to Charles Jones, professor emeritus of political science at the University of Wisconsin in Madison.”
(Via Yahoo! News.)
Why I have not no respect for the GOP. Party comes before country. Fully 2% of this package is what they’ve been harping about. That’s 2¢ out of every dollar. The rest everyone agrees will stimulate the economy. Typical.
U.S. commanders favor slower Iraq pullout – Yahoo! News:
“The timelines under discussion are 16 months, proposed by Obama as a centerpiece of his presidential campaign, 19 months and 23 months, the officials said.
‘The focus of the effort is on those three options,’ said a U.S. official familiar with the process.
A U.S. defense official said U.S. Army generals Ray Odierno, the top U.S. commander in Iraq, and David Petraeus, the head of U.S. Central Command, favored the 23-month option.”
(Via Yahoo! News.)
Not to be glib, but after 6 years 8 more months seems trivial either way.
(Via The Daily Show.)
Seriously, this guy is truly bad news. So glad he’s out of government. He’s like a bad TV villain impersonator.
(Via The Daily Show.)
This is why I think politicians destroy honest and open public discourse. The stupidty, hypocrisy and disingenuousness is palpable.
I shred papers going back 14 years. Wow.
Mobile Blogging from here.
A Dark Age of macroeconomics (wonkish) – Paul Krugman Blog – NYTimes.com:
“There’s no ambiguity in either case: both Fama and Cochrane are asserting that desired savings are automatically converted into investment spending, and that any government borrowing must come at the expense of investment – period.
What’s so mind-boggling about this is that it commits one of the most basic fallacies in economics: interpreting an accounting identity as a behavioral relationship…
After a change in desired savings or investment something happens to make the accounting identity hold. And if interest rates are fixed, what happens is that GDP changes to make S and I equal.
That’s actually the point of one of the ways multiplier analysis is often presented to freshmen.”
(Via NY Times Blogs.)
Ouch. Fama and Cochrane made a freshman mistake. That’s why political ideology is soft-think.
