Wall Street Welfare

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As it is called by E.J.Dionne in what is likely the last word on corporate America’s newly found use for government and Wall Street’s currently hypocritical stance towards government and its utility:

Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep its hands off the private economy.

The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government from their own incompetence, and from the deregulatory regime for which they lobbied so hard. They have lost “confidence” in each other, you see, because none of these oh-so-wise captains of the universe have any idea what kinds of devalued securities sit in one another’s portfolios.

Windpower = Jobs

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My friend anon wrote me and pointed out a great article about windpower jobs.  The bottom line of the article is that Windpower techs are in great demand and that…

The Elusive Laffer Curve

Yesterday, Jason linked to this item at Economist's View on why the magic appearance of the Laffer curve in a chart highlighted in this Wall Street Journal editorial was, shall…

UPDATED: Can someone tell me

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Why amnesty for illegals is such a bad thing? I guess I’m struggling to see why it is.

 On a related note: 

“Mike Castle Supports Amnesty for 12 million illegal immigrants!”

…is what you would expect the headline to read over on the delaware-wingnut-o-sphere.

Castle clearly wants to keep a very large pool of cheap labor for his corporate overloads, and yet all the macho men over at First State Politics are silent. No on-line petitions, no impotent bluster. What gives?

The Secure America and Orderly Immigration Act, a bill developed by Senators John McCain and Edward Kennedy and others, includes the so-called “Essential Worker Visa Program” with a new category called “H-5A.”