Archive for 2014

READER BOOK RECOMMENDATION: Reader Aviva recommends Quf-Man, from Stephen Wachtel.

RICK MORAN: Media Not Very Curious about D’Souza Indictment. “The indictment of a major critic of the president has elicited little more than yawns from the media. This is a case where you don’t even have to connect the dots. Just read a little history.”

The press basically approves of thuggery, so long as it’s aimed at people they don’t like. They only start talking about civility, due process, the constitution, and free speech when they or their allies are in trouble. And the presumption of innocence only applies to Democratic pols and operatives. Elsewise, “indicted” is treated as tantamount to “convicted.”

OUT OF BLACKWATER AND INTO AFRICA: After being ‘blowtorched’ by U.S. politics, he says, this time he’s working for Beijing. “I would rather deal with the vagaries of investing in Africa than in figuring out what the hell else Washington is going to do to the entrepreneur next.”

Also: “There’s very little advantage to being an American citizen anymore. They tax you anywhere in the world you are, they regulate you, and they certainly don’t help you, at all.”

MEGAN MCARDLE: No Babies, No Stimulus.

If you do a big stimulus when the population is growing, you can expect, over time, to be able to spread debt payments over more people. The value of the debt may not change, but the per-capita debt burden will shrink.

But if you undertake a big stimulus when the population is stagnant, or even declining, then over time, the per-capita debt burden will rise … and if your society encourages long retirements, the debt burden per-worker will rise even faster.

That may change the cost-benefit calculation quite a bit when you’re considering a stimulus program. Not so much in the U.S., at least right now, because our population is growing. But this may suggest that however painful austerity has been for Europe, the austerians still did the right thing.

Our population isn’t growing the way it was.

Related: Why Uncle Sam Can’t Guarantee College Grads A Job.

HIGHER EDUCATION BUBBLE UPDATE: Yeshiva University’s Bonds Downgraded to “Junk.” “Moody’s sees an institution without much liquidity, that relies on credit to support operations and with ‘severe cash flow deficits leading to financial resource erosion.'”

Plus: “Yeshiva University’s 2012 tax return lists President Joel’s compensation as $1,242,424, and eleven other salaries in excess of $600,000.”

JAMES TARANTO: Why They Wish the Right Left: A social-psychology theory on Cuomo and de Blasio.

It’s worth savoring the irony that the first minor crisis of de Blasio’s administration ended with his being compelled to reassure the affluent that they’ll get their fair share of city services. And it’s not hard to see why. If de Blasio is to succeed, both as a mayor and as a candidate for re-election in 2017, he can’t afford to alienate the people who make up a large proportion of the city’s tax base and a significant share of its Democratic political base.

Perhaps not coincidentally, the next day–which is to say yesterday–de Blasio launched an attack, or rather reinforced one, on a minority he can afford to alienate. Breitbart.com’s Kerry Picket reports the mayor “emphatically backed New [York] Governor Andrew Cuomo’s controversial remarks that ‘extreme’ conservatives . . . ‘have no place in the state of New York.’ ”

“I stand by that 100%,” said the mayor who usually speaks in terms of “the 1%” vs. “the 99%.”

Cuomo made his comments last Friday in an interview with an Albany radio station. As the Post explained, the governor asserted “that members of the GOP with ‘extreme’ views are creating an identity crisis for their party and represent a bigger worry than Democrats such as himself.” He asked, “Who are they?” and answered: “Right to life, pro-assault weapons, anti-gay–if that’s who they are, they have no place in the state of New York because that’s not who New Yorkers are.”

Peggy Noonan conducted a useful script-flipping exercise in which she imagined a conservative governor, Frank “Boo” Burnham, of a conservative state, Mississippi, saying that people who agree with Cuomo on those topics “have no place in the state of Mississippi.”

The actual governor of Mississippi, Phil Bryant, has never said anything of the sort, and it’s difficult to imagine a conservative politician with the wherewithal to get elected statewide anywhere saying such a thing. To be sure, boneheaded and obnoxious statements from GOP pols are far from unheard of. But those who make them, as Noonan notes, generally come in for harsh criticism not only from the mainstream media but also from fellow Republicans.

Lefties get a pass on bigotry.

CHANGE: Republican National Committee trying to soothe relationships with Liberty Republicans.

Liberty Republicans. They are the young, more libertarian-minded, grassroots supporters that used to be identified chiefly by their favorite Republican presidential candidate, former Rep. Ron Paul, R-Texas.

Now, as the Republican National Committee tries to repair relationships and increase outreach to all political groups, they are doing their best to entice more libertarian Republicans into the fold.

Some of these supporters were turned off by what was described as the “railroading” of Ron Paul supporters by RNC Chairman Reince Priebus during the 2012 convention in Tampa.

But the RNC wants to appear welcoming to the libertarian element in their party, which more established members of the party once derided as “Paultards” after they disrupted events in favor of their candidate.

Well, to be fair, Rand’s a lot better candidate than Ron.