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A Neolib New Deal?

Health care for all, not pensions for the rich.

(Continued from Page 17)

As if the conservative movement hadn't cut its teeth in the 1950s by resisting just such go-with-the-flow arguments from the hard Left. ... P.P.S.: The comprehensive letter also guiltily hides the issue of semi-amnesty, calling only for "status for the illegal immigrants already here." What kind of status would that be? ... 1:18 A.M. link

I always knew making phone calls leads to nothing but trouble. ... 12:59 A.M.

Wednesday, July 26, 2006

The Pink Elephant in the Room: I'm not sure that's a metaphor (for Democrats who voted with Bush on Iraq) that Bill Clinton wants to let loose. ... 1:41 P.M.

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Tuesday, July 25, 2006

I try to explain, somewhat unconvincingly, why I find investment banker, Pinchbuddy, and NYT Sacred Cow Steven Rattner so annoying.** Rattner's recent WSJ op-ed on income inequality  offers a good example of one reason. Rattner calls growing income inequality the "mother of all electoral issues," especially because

[f]rom 2000 to 2005, for example, average weekly wages for the bottom 10% dropped by 2.7% (after adjustment for inflation),

Rattner acknowledges that a cause of the erosion of wages at the bottom is the increased supply of unskilled immigrant workers. ("At the least, immigration certainly puts further pressure on wages of lower-income workers whose jobs the new arrivals compete for.") But he doesn't dare draw the logical conclusion--that maybe immigration should be controlled in order to raise incomes at the lower end of the labor market. That wouldn't be Democratically Correct and might inhibit Rattner's chances to one day ... I don't know, be Treasury secretary. Instead, he pontificates smugly

But giving in to politically expedient demands, such as barricading our borders, would be a mistake.

Covering up an obvious logical implication of your argument is a form of intellectual dishonesty, no? Who needs it? ...

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