Couldn’t Help But Notice (040207)
This, is, ridiculous — Don Surber (HT Instapundit) catches a Formerly Mainstream Media trend — What was once Republican-majority “pork” is now Democrat-majority “pet projects.”
One word: Bull-oney.
I do not anticipate that Porkopolis will be changing his name to PetProject-opolis any time soon.
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Stay with me on this (HT Techdirt) — “Surprise: Study Finds Online Users Finish More Stories Than Print Readers.” I’m not surprised.
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This is delusional. A one-word response: Ireland.
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Investors Business Daily thinks the Fed should cut interest rates, and that recession may be a bigger danger than inflation. Bill Conerly thinks the recession odds are about 10% - 20%.
Don Luskin says “no way” to a rate cut:
….. the whole reason the subprime market got out of hand in the first place was because the Federal Reserve has kept interest rates too low for too long, thus flooding the global markets with excess money. All that money had to go somewhere, and apparently a lot of it went into bad real estate loans.
And a lot of it went into everything else, too. That’s inflation — when the Fed prints too much money, and eventually all the goods and services in the economy re-price higher until all that money is used up. Since inflation measured by the core Consumer Price Index hit its lows in December 2003 at an annual growth rate of about 1%, it’s now risen to about 2.7%. That’s well above the Fed’s avowed “comfort zone.”So the Fed has raised interest rates, to lessen the inflationary impulses in the economy. But they still haven’t raised them enough to keep inflation from rising. By any conventional measure, inflation remains in its uptrend from late 2003.
I think Luskin has made the right call.
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The Latest from Venezuela You Won’t See in Old Media Reports –
“….. this isn’t about law or the public interest anymore, this is about bloodthirsty mob rule“
It always has been (HT Michelle Malkin)
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This is the strangest combination of topics I’ve seen in one sentence in quite a while — from a CNN/Money e-mail I received last Friday:
Personal income, spending up 0.6% in February; USDA says 2007 planned corn plantings highest in 63 years, Reuters reports.
