Archive for 2010

CAR LUST: The limited pleasures of the Dodge Mirada. “Like those other other flabby would-be performance cars, the Mirada had star potential that didn’t quite translate into reality.” I don’t even remember that one. Maybe this is why: “The Mirada’s biggest engine, the classic Mopar 5.9-liter V-8, produced a measly 185 horsepower and was only offered for one year. The mid-range engine, the 5.2-liter V-8, made only 120-130 horsepower, and the standard slant six put out only 90 horses. That’s a dismal level of output in virtually any context, but for a big, bulky faux-muscle car it was a travesty. ” I suppose with CAFE requirements going up, we should get used to it again . . . .

COVERING THE REALLY IMPORTANT STORIES, at Power Line.

MATT WELCH: “Recovery Summer?” Or Endless Bummer? “Bipartisan Washington these days seems to think that the mere existence of economic unpleasantness (the unemployment, the collapse of some asset prices, the credit unwind) qualifies as medicine, just because it tastes bad going down.”

BACK TO SCHOOL: Gallup: Spending slumps lower than 2009 levels in Recovery Summer. “The advance retail numbers for July will come out tomorrow from the Commerce Department, but Gallup’s survey of consumer spending gives a pretty good indication that the report won’t boost the notion of Recovery Summer. In fact, it may be more like Flashback Summer, except that last year’s numbers look better than Gallup’s survey shows now.”

PETER SUDERMAN: HHS Is Altering Its Deal. Pray It Does Not Alter It Any Further. “Need further proof that ObamaCare’s temporary network of high-risk pools was little more than an afterthought? Just look at the department of Health and Human Service’s most recent rule making, which gives the agency the power to make the program a lot less appealing than the way it was pitched.”

THE TREASURY’S MORTGAGE MODIFICATION PROGRAM: It’s worse than we thought. And it’s not like we thought it was good.