I should start calling them “corporate and union welfare notes.”
- Mark Sanford remains awesome.
- The three worst Republicans voted for cloture and presumably will vote for the ridiculously bad “stimulus” bill. Judd Gregg, who has always been a bit squishy on social issues but was supposedly fiscally conservative, abstained, as did John Cornyn. I wouldn’t be so concerned about his not being there to vote no on cloture, given that not being there counts as a no vote.
- Bank Bailout 2: Electric Boogaloo is going to be released soon. Let’s see, we needed $700 billion for TARP, $1+ trillion for “stimulus” (which boils down to corporate and union welfare), another $1.5 trillion for TARP II (including plenty of corporate welfare), all on top of current spending? Unfortunately, this is what happens when Republicans act like morons and demoralize their base so much. Great going, guys—now, thanks to the three worst Republicans in Congress, we’ll be deficit financing for generations to come, as long as there are people willing to buy Treasury funds after the inflation starts.
- As if handouts to companies and unions weren’t enough, welcome the trojan horse to government-run health care. That’s going really well for other countries, too.
- Russ Roberts has a couple of great interviews, one with John Cochrane and one with Daron Acemoglu.
