TARP, baby!

A mostly political Weblog.
Sept. 30 2008 8:21 PM

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 1)

[A] Daily News review of salaries and staffing shows LAUSD's bureaucracy ballooned by nearly 20 percent from 2001 to 2007. Over the same period, 500 teaching positions were cut and enrollment dropped by 6 percent.

Also "2,400 administrators ... earn more than $100,000 annually." Want to fire some of the less useful ones? Ah, they have "'bumping' rights to displace other workers." ... 2:29 A.M.

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McCain's Stunt Gridlock? This week's obvious game-changin' stunt for McCain to pull would be opposing the unpopular bailout bill, as Dick Morris advises.** But McCain probably can't pull that stunt because of Last Week's Stunt, which involved McCain dramatically trying to delay a debate while he parachuted into Washington to save the bailout bill. .... If the end result was a bad bill, then McCain didn't do much of a salvation job, did he? He's seemingly trapped--and it would be hard to weasel out of  his almost-endorsement of the current deal yesterday on Stephanopoulos.. But he must be sorely tempted to follow Morris' advice. ...

**--This wouldn't necessarily involve irresponsibly scuttling the bill. McCain could rail against provisions that he claimed would send taxpayer money to Wall Street malefactors, get the benefit of popular backing, and then settle for a few more changes in the legislation. Newt Gingrich pulled that stunt during budget talkes in George H.W. Bush's presidency, if I recall. (And House Republicans may already have pulled a similar stunt this past week--depending on whether you believe the modifications they were able to make represented a tremendous improvement.) Morris, for his part, admits that the changes he'd have McCain advocate are "largely cosmetic." ... 1:59 A.M. link

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Sunday, September 28, 2008

I was about to write an item about how Kirsten Powers has been producing an alarming number  of  good columns lately, when I hit this sentence:

[T]he fact that someone of Biden's experience and intellect can make as many gaffes as he has since joining the ticket shows how treacherous the presidential trail is.

Update: [What are you saying?--reader J.T. Biden? Intellect? The fact that Biden can make as many gaffes as he has since joining the ticket shows only that he is still drawing breath. This is someone who makes a gaffe looking in the mirror in the morning. You could not imagine a presidential trail sufficiently non-treacherous that Biden would not say something embarrassing.] 1:57 A.M.

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