Archive for January 14, 2008

Change?

Adam Brodsky wants to know what Obama wants to change. Notable:

There haven’t been any terrorist attacks on US soil since 9/11. Who wants to “change” that?

The economy has pumped out new jobs for 52 months straight. Productivity’s soared, real income’s up, technology continues to revolutionize life - and anyone willing to work can usually find a job quickly. Reverse course there? Don’t think so.

Partisan bickering? Please. America’s thrived on it for 230-plus years. Why end it now?

How about this? Some 255 million Americans (85 percent of the population) have health coverage, most who don’t will get it soon - and anyone can get emergency care almost anytime anywhere, regardless of ability to pay. A system in dire need of fundamental reform? Maybe, but not the way “reformers” think.

OK. It must be the war in Iraq, then, that needs “change.” Horrific bloodshed there produced so much anxiety that voters in ‘06 barred the president’s party from control of Congress.

Yet this year, post-surge, attacks and casualties are down. Troops are coming home. Are the apostles of change so set on a sudden course correction that they’re willing to throw away the gains and let the Mideast collapse?

Contrarian viewpoint

Barney Frank wants more command and control of the U.S. economy. He believes our “great minds” in Washington know best how to operate our economy. When has centralized control of the economy worked well outside of times of war? If Mr. Frank is so good at running industry, why doesn’t he try running his own business before he pretends to understand entire industries?

Krugman

Mark Perry says Paul Krugman has correctly predicted 9 out of the last 0 recessions under the Bush administration.

Health Care Reform

Gary Becker on health care reform.

Picking winners

Government is not good at picking winners; markets are much better at doing so. This WSJ opinion explains more (I don’t believe you need a subscription anymore to read the editorial page).

Preditory borrowing

When times get tough, the weak want the rest of us to bail them out. Tyler Cowen of GMU explains how some of those poor borrowers are more to blame than any mortgage banker, although the bankers who did not do their due diligence are also to blame.

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