If imitation is the sincerest form of flattery, then Jay Nordlinger of the National Review should be proud of himself. One of my favorite writers at NR, Jay puts out a column regularly of just little items that catches his attention. I generally enjoy his insights and his sense of humor. Also, I figure that you, my faithful reader, need a break from what has become the normally long-winded posts found on this particular corner of the blogosphere…
True to his word, President Obama, signed into law the $800+ Billion dollar “stimulus” bill yesterday. Almost instantly afterwards, ground was broken on the proverbial first stimulus project in Missouri, construction of a new bridge. The ABC anchor that was reporting on the story this morning noted that the bridge that was being replaced was built as part of one of FDR’s works programs during the Great Depression. She almost gleefully noted that, 76 years later, we find ourselves building another bridge through a similar program. Hopefully, it won’t take quite as long (and another world war) to get us out of this economic crisis (because government intervention in the markets has worked so well in the past).
On the stimulus bill, there has been a great deal of skepiscism and criticism amongst economists over the bill as passed, not to mention the path the government took in general to try and help the economy out of its doldrums. You may not know that if you get your news from CNN, MSNBC, or any other network that doesn’t include the letters F-O-X. However, it isn’t often that you find a Harvard economist come out in such strong terms on anything the Left does (I suspect it isn’t a “career-enhancing” move to do so at Harvard). Nonetheless, Robert Barro minces no words on the stimulus bill in his interview with Conor Clarke of The Atlantic. In it, he calls the stimulus bill “garbage” and “the worst bill that has been put forward since the 1930’s”. Bravo, Mr. Barro, for sticking to your macroeconomic guns.
I saw this morning where the President is deploying upwards of 17,000 more military personnel to Afghanistan. In announcing his decision, the President stated that the war was “still winnable”, but that the U.S. had lost its focus by invading Iraq. Outside of the fact that this particular argument is getting tiresome, the President may want to send a little thank you note to the last Democrat president, Bill Clinton, for his wonderful job in drawing down our military’s combat power, especially in the Army and Air Force. Maybe that old standard of being able to wage two concurrent major regional conflicts wasn’t such a bad gauge after all.
Lastly, it wouldn’t be proper for me to close without sending birthday wishes to my father. He is the person who taught me what an honor it is to live in this great country, and the responsibility we all have to preserve and protect it. I know that he shares many of my concerns for the direction our country is headed, but he also taught me to keep the faith. Hope you have a great day, dad!
Thanks for reading…until next time.