Archive for 2010

WALTER SHAPIRO IS A GLUTTON FOR PUNISHMENT: “I have endured a dozen recent televised Senate and House debates.”

PARIS: Sarkozy stands firm as pension protests escalate. “More than 3 million demonstrators – one in 20 of all French people – marched yesterday against the President’s plans to raise the standard retirement age from 60 to 62. Tens of thousands of students joined the marches for the first time, threatening to radicalise the protests and broaden them into a rebellion against a deeply unpopular presidency.”

Miserable parasites — protesting against a raise in the retirement age to 62? Grow up.

DOES COLLEGE PAY OFF? “The answer is that for many students, the answer is no. Looking at salary data for a wide array of schools, author Mark Schneider finds that graduates of many schools have earnings that don’t justify the cost of borrowing, even at federally subsidized rates.” Hey, maybe this is why people are talking about a higher education bubble.

OUCH: “The GOP is convenient, and Obama and the Democrats have taken advantage of that. I think they are deeply responsible for the failure here. Obama’s administration is actively fighting against gay rights.”

THE TEA PARTY AS MONEY MACHINE:

Over the years, I have contributed to many political campaigns and have also given politicians the benefit of my advice and counsel. Pretty consistently, no matter how sound my advice may have been, the cash has been more appreciated.

This observation is prompted by today’s revelation that Sharron Angle raised the astonishing sum of $14 million during the third quarter. Chris Cillizza describes Angle’s $14 million as “a stunning number that far eclipses the cash-collection totals of other prominent candidates seeking Senate seats next month.”

NInety-four percent came in donations of $100 or less.

Disintermediation.

IT’S COME TO THIS: Mass. Gov. Deval Patrick claims he’s an “outsider.” “Amid a throw-the-bums-out clamor and saddled with low job-approval ratings, Patrick worked to distance himself from State House leaders and even his own party — welcoming Scott Brown backers and invoking his battle with Democratic House Speaker Robert DeLeo over racinos as proof that he’s taken on the Democratic establishment.”

THE HILL: Arizona Rep. Grijalva latest incumbent in tough reelection race. “Even liberal Democrats from normally safe districts are embroiled in tough reelection races this cycle. Two recent polls show Rep. Raúl Grijalva (D-Ariz.) — who hasn’t faced a tough challenge in his eight years in the House — within the margin of error against an unknown Republican.

” He’s no rocket scientist — but the “unknown Republican” is.

HOTLINE: Republicans Turn Outsourcing Attack Against Dems. “In a reversal of roles, Republicans are attacking Democrats for supporting policies that would outsource jobs overseas and, in particular, to China.”

MANKIW’S BEQUEST: “I basically concur with Tyler Cowen’s take on Greg Mankiw’s recent column–you can certainly disagree with the analytical choices he made in arriving at the government’s cut of his children’s inheritance, but the basic point is sound: we tax income many times as it is earned, which is especially hard on capital formation. The means testing of various benefits, from Medicaid all the way to 401(k) contributions, makes this effect even more pronounced. . . . But it’s also worth extrapolating this case study to folks who aren’t Greg Mankiw, but who face similar choices. Professors, and to a lesser extent journalists, compete for non-monetary status much more than most jobs. The guy who owns six McDonalds, and doesn’t want to open a seventh because that’s just one more place he’s got to be willing to go in and scrub the toilets when his assistant manager calls in sick . . . those people tend to be more sensitive to tax incentives than Greg Mankiw or Brad DeLong, whose friends will snicker if they buy a Porsche and a McMansion.”

SHE’S BAAACK: Rachel Lucas, that is.