Well That Was Fast: Cash For Clunkers Program Suspended – What Does This Mean For Your Car?

July 31, 2009

If you’ve been thinking about taking your “clunker” in to get that government rebate on a new car, looks like your neighbor beat you to the punch. While the government might consider expanding the program, it makes little sense to us that this somehow spent $1 billion in six days? Six days?!?

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How Medical Breakthroughs Happen: A Response to Megan McArdle

July 30, 2009

Megan McArdle bases a portion of her argument against nationalized health care on a surprisingly inaccurate depiction of the way medical research happens, one that needs rebutting if we’re going to keep the debate about reform of both the industry and the insurance side of health care based on facts about how the current system works, not polemics.

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Nigerian Troops Attack Radical Islamist Mosque, Kill 100

July 30, 2009

MAIDUGURI, Nigeria – Nigerian security forces shelled then stormed the mosque and compound of an Islamist sect blamed for days of violence across northern Nigeria, killing more than 100 militants in a raging gunbattle.

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NBC/WSJ Poll: Obama Loses Ground on Health Care, Economy

July 30, 2009

“Pluralities now say that the president’s health care plan is a bad idea, and that it will result in the quality of their care getting worse. What’s more, just four in 10 approve of his handling on the issue.” Once astronomical approval rating has slipped to 53 percent as public has rising concerns about spending.

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Arizona Needs Cash So Bad, They're Considering Selling Capitol Building, Renting it Back

July 30, 2009

Arizona “officials hope to sell the properties and then lease them back over several years before assuming ownership again. The complex financial transaction would allow government services to continue without interruption while giving the state a fast infusion of as much as $735 million, according to Capitol projections.” Maybe they can sublet to Denny’s.

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Biggest Threat to the Democratic Coalition: That Guy in the White House

July 30, 2009

Obama failed to learn lessons from “the failure to produce a reform package that would unite the Democratic majorities in Congress and attract some measure of Republican support…the White House is repeating Clinton’s mistake of holding fast to a plan that unites the opposition while fracturing the majority. They are presently failing coalition-building 101.”

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Gates Speaks of Quicker Than Expected Troop Decrease in Iraq

July 30, 2009

SECDEF Gates: “the relatively low levels of violence in Iraq and improved cooperation of late between U.S. and Iraqi forces have raised the possibility that commanders might be able to modestly accelerate the reduction of U.S. forces this year.” POTUS already broke a campaign promise by not drawing down fast enough, so get cracking.

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Blue Dogs Cave on Health Care Exactly Like We All Expected

July 30, 2009

How shocking: “The Energy and Commerce Committee will resume its markup of healthcare legislation Wednesday afternoon under a deal between Blue Dogs and House leaders, but there will be no floor vote on the legislation before August.” Good luck taking this one back home over recess, conservative Democrats.

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MSFT and YHOO, Together at Last

July 30, 2009

“In a deal that caps more than two years of effort by Microsoft to secure a foothold in Yahoo’s search business as a way to challenge Google, Yahoo will hand control of its internet search technology to the software group on terms that fell short of expectations.” Expect this to face severely unwarranted anti-trust scrutiny.

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Everybody's Got a Clunker: Government Fund Could Run Out of Money by End of August

July 30, 2009

“Car dealers on Wednesday began expressing concern that the government’s “cash for clunkers” incentive program could run out of money as soon as the end of August due to strong initial response from consumers.” The dirty little secret is “only one-third of those who came in qualified” for the government rebate. Carteases.

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