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Category Archives: Government

Obama’s courage not in doubt. His judgment sucks.

President Obama, defending his tax-cut deal: This is the public option debate all over again. So I pass a signature piece of legislation where we finally get health care for all Americans, something that Democrats have been fighting for for a hundred years, but because there was a provision in there that they didn’t get [...]

Age of Reagan Continues?

I used to believe that the Age of Reagan had ended. The financial collapse and all the pain and hysteria it caused, I thought, would surely change the prevailing mindset that had ruled over public policy in this country since Reagan.  The election of Barack Obama was a signal that people were finally ready for [...]

Obama: stick a fork in him?

“Whatever is going on inside the White House, from the outside it looks like moral collapse — a complete failure of purpose and loss of direction.”  -Paul Krugman “The captors [Republicans] will win this battle, if they haven’t already by the time you read this, because Obama has seemingly surrendered his once-considerable abilities to act, [...]

An alternative economic model: Germany

Living in the USA, it’s difficult to escape the influence of a constant stream of commentary by our pundits and political leaders telling our citizens that “you must suffer now, to avoid greater suffering tomorrow.”  The offshoring of jobs and the weakening of unions is required for our firms to be competitive, we’re told, because [...]

McChrystal, Petraeus… same futile war

Multiple years of military futility, with ever-mounting casualties and no evidence of any progress, are insufficient reasons for Obama to change anything substantive about his Afghanistan policy, which amounts to: keep spending money we don’t have, keep sending troops into harm’s way when they aren’t actually making anything any better, and keep telling us that [...]

Barry Eisler speaks…

… about bank bailouts and gunshot wounds to the face.  How can I not link to this? Describing a bank [Goldman Sachs] that had to be saved via a taxpayer bailout from a greed- and stupidity-induced accidental death as “top-notch” at risk management and “super-smart” is a lot like describing as a “firearms safety paragon” [...]

Disclosure as a regulatory tool: how we make decisions

Inspired by this article about the ineffectiveness of disclosure as a regulatory tool, some questions: When you sign up for an online service like iTunes or Facebook, do you read the terms and conditions before you click the “I agree to these terms and conditions” button?  When you rent a car, and the clerk asks [...]

Dangerous things

Professor Bainbridge reads a WSJ editorial about Times Square bomber Faisal Shahzad and rhetorically asks, “Why not just torture the SOB?“  States Bainbridge, “I’m more than a little appalled about how readily some on the right are to toss out the window centuries of Anglo-American jurisprudence to win temporary advantage.” We must remember, contra the [...]

Another article on John Dugan

The NYT has a nice article on John Dugan, a banking official that I think should be taking much more heat than he is, and who should probably be fired.

John Dugan: banking regulator or banking industry lobbyist?

John Dugan is at it again. The head of the Office of the Comptroller of the Currency is still looking and sounding like a banking industry lobbyist, arguing that the already-weakened Consumer Financial Protection Bureau proposal in Chris Dodd’s reform bill is still too strong.  From the Financial Times (via the NYT): “In every case [...]