Understanding Obama’s Stimulus Bill

From the morning mailbag:

Shortly after class, an economics student approaches his economics professor and says, “I don’t understand this stimulus bill. Can you explain it to me?”

The professor replied, “I don’t have any time to explain it at

While sitting with my morning coffee, I note an interesting question over at Transterrestrial Musings in their comments section, there:

How come the Left always preaches ‘sustainability’ or ‘it’s for the children’ … until it comes to their economic

Greetings, and welcome to the most intense nightly read anywhere on the ‘sphere… BitsBlog’s Nightly Ramble.

• December the second, already. That means only 22 shopping days left until Christmas. Always assuming the war on Christmas doesn’t succeed. I’ll get to

I’ll open this by saying that by rights, and in a sane world, Paul Krugman should be hammered flat on economics, and drummed from his perch at the New York Times. However, let’s admit this isn’t a sane world, and 

Billy makes a great point this morning:

I don’t know why people keep referring to what’s going on with energy as a “market” while it’s stepped on by government every mile of the way from the field to your tank,

Is Barack Obama giving a stump speech, or just engaging in self-parody?  Watch the video, and you decide:

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BO’s promise of “real” economic progress is an empty one. Obama simply does not understand economics. Barack Obama is economically ignorant, 

Jeanne Cummings over at The Politico:

With John McCain poised to win the Republican nomination, Democrats are already gathering ammunition to use against him in the general election.In more than a few instances, the best fodder has been provided by

As it stands, as of Noon 20 January next, well have a President who does not believe in personal liberty.  I find that thought more chilling than this morning’s ice storm.

I give B.J. Clinton, but not Mrs. Clinton, credit

“We must not only have a free flow of goods and services, but also start working for a free flow of people.”

So speaks, Dr. Juan Hernandez, John McCain’s Hispanic outreach director.   A free flow of people is what gave

If there were ever a bigger and more fanciful case of wishful thinking than Krugman’s New York Times article, today, I’ve never seen it. He’s going well over and above his usual fantasy mongering, here:

Maybe Mr. Obama was,

The Reverend Al Sharpton is a race baiting bigot.  So why is a democrat candidate, and the spouse of one, groveling at his feet?  Ben Smith, Politico:

Al Sharpton didn’t run for President this round, and yet he’s

• First things first: An Honorable Mention at the OTB Caption Contest.
• I’ve noticed that Memeorandum thinks we have a heartbeat again. I’m not at all sure what caused them to hang up on us, but I’m glad we’re back on

So, New Jersey has ‘apologized’ for slavery, says Michelle Malkin.

They’re not sorry for repealing the death penalty against the wishes of victims’ families of all races and backgrounds, but New Jersey lawmakers are offering an apology for slavery centuries

Steve LeBlanc reports on the end of fifteen billion dollar hole in the gronnd.

BOSTON (AP) – When the clock runs out on 2007, Boston will quietly mark the end of one of the most tumultuous eras in

Michael S. Barr in The New York Times, today:

WHILE the causes of the mortgage crisis are myriad, a central problem was that many borrowers took out loans that they did not understand and could not afford.

Yep. But what