Archive for 2009

PENSION PANIC: Tom Maguire tells Josh Marshall to calm down. “Speaking only for myself, I intend to refrain from tearing out what is left of my hair over this miserable misallocation of assets until I see a few more facts, starting with determining whether the PGBC has actually implemented this dubious strategy.”

OUCH: Workers say Obama treated autos worse than Wall St.

DETROIT (AP) — Many assembly line autoworkers reacted with skepticism and anger Monday to the Obama administration’s tough tactics, which stoked long-simmering feelings that the people who put the country on wheels get treated differently than the wizards of Wall Street. . . . Many workers — not generally known for their affection toward executives — even sympathized with Rick Wagoner, who was forced to step down as chief executive of General Motors Corp. He was by turns called a “sacrificial lamb,” “scapegoat” and “fall guy.”

And Rick Wagoner was fired not because he did a bad job, but because Obama wanted to look tough. Is that the kind of management that will get us out of this problem?

IN TENNESSEE, a bill to allow licensed gun carry by faculty on campuses is up for a hearing. I’m for it, though I’d extend permission to licensed students. As I’ve noted before, I have a number of students with carry permits and I’d feel safer, not less safe, if they were carrying on campus.

FUNERAL FOR THE EMPTY WALLET: A tax protest in New Jersey. “The New Jersey 101.5 Empty Wallet Convoy has collected thousands of wallets along the Garden State Parkway and New Jersey Turnpike to let Governor Corzine know there’s nothing left to pay. Now, we’re bringing the wallets to the Statehouse with the Empty Wallet Funeral Procession at high noon on Tuesday.”

ARNOLD KLING: “For quite a while, but especially over the last nine months, the best way to predict developments in politics and finance has been to ask: what will do the most to increase the concentration of power? Every headline, from the Geithner regulatory plan to the proposed cap on the charitable deduction, to the resignation of the General Motors CEO, should be viewed in that light.”

AFTER A LONG HIATUS, Virginia Postrel is back posting at her Dynamist blog.

A BIG PAYDAY for public-sector workers in New York. (In Tennessee, not so much.)

A BIG GROCERY SALE at Amazon. I’ve started buying a lot of staples from them, as the free Amazon Prime shipping makes it worthwhile.

ANOTHER OBAMA NOMINEE with problems?

MORE FROM Daniel Hannan.