Pro-Market Populism is the Key to the Political Right's Future

October 28, 2009

Zingales: “as America struggles to emerge from a financial crisis, any renewal of the right will require Republicans to rethink their approach to the economy. An agenda focused chiefly on tax cuts, as the Republicans’ has been since Ronald Reagan’s presidency, is no longer enough.” Prosperity good, but getting there?

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Obama at the One Year Mark: Changed Views Show Returns to Lowered Expectations

October 28, 2009

Obama’s support “has eroded, especially on domestic issues.” Majorities “now say his administration won’t be able to control federal spending or improve the health care system. The biggest decline has been on his pledge to ease the nation’s fierce partisanship.” Last year 54% said Obama would “heal political divisions,” now just 28%.

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Efficient Market Theory and the Crisis

October 28, 2009

Roger Lowenstein: “The upside of the current Great Recession is that it could drive a stake through the heart of the academic nostrum known as the efficient-market hypothesis.” Jeremy Siegel: “But is the Efficient Market Hypothesis (EMH) really responsible for the current crisis? The answer is no.” Discuss.

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Afghanistan's Half-Measure Solution: McChrystal for the Cities, Biden for the Country

October 28, 2009

“President Obama’s advisers are focusing on a strategy for Afghanistan aimed at protecting about 10 top population centers,” according to reports, while leaving the rest of the country unmanned. This might work, but it is more likely to simply make the troops there easier targets while leaving the countryside unpatrolled. Politicians as generals rarely work.

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Goldman Sees U.S. Housing ‘False Bottom,’ Merrill Sees ‘Treat’

October 27, 2009

Differences of opinion on what’s coming for the housing market: “The stabilization in U.S. home prices won’t last, according to economists at Goldman Sachs Group Inc. in New York. Their counterparts at BofA Merrill Lynch Global Research see a ‘treat’ rather than a retreat.” We’ll see within the next six months.

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The Real Health Care Debate: Is There Any Patience For Smart Reform?

October 27, 2009

The current “debate is whether Americans’ health care will look like Ted Kennedy’s or Joe Taxpayer’s. The issue, therefore, is not about reform or no reform. It is about good reform versus bad reform. How can every American’s health care look like Ted Kennedy’s? The answer is: ‘He who pays the piper, calls the tune.’”

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Reid Rolls the Dice on Public Option: White House Uncertain on Opt-Out

October 27, 2009

The Majority Leader is leading with his chin — Nelson and Lincoln won’t commit to supporting his bill, Snowe says “I am deeply disappointed with the majority leader’s decision to include a public option as the focus of the legislation,” but Reid is sticking with the opt-out version of the government-run health care plan.

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Deadly Bombings in Iraq Raise New Political Challenges

October 26, 2009

Maliki’s future in question: “It was the deadliest coordinated attack in Iraq since the summer of 2007 and happened just blocks from where car bombers killed at least 122 people at the Foreign and Finance Ministries in August, in the continuation of a focused attempt by insurgents to strike at the government’s most critical functions.”

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Health Insurers Fact Check: Yeah, They Actually Don't Make as Much Money as You Might Think

October 26, 2009

Paying for health care with those massive insurance profits? “Health insurance profit margins typically run about 6 percent, give or take a point or two. That’s anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones. Profits barely exceeded 2 percent of revenues in the latest annual measure.”

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The Problem With the World is There are Too Many People You Don't Like

October 26, 2009

Mark Steyn responds to Alex Renton’s call for fewer children as the only way to solve the world’s problems. “Alex would appear to be more comfortable with Soviet-style restrictions on freedom of movement: Agree to abort your kid and the state will get you a special exit visa for two weeks in Florida.”

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