Larry Kudlow is a very knowledgeable voice on economic trends and developments. I sure hope his post at The Corner is correct:Investors continue to ignore one of the very brightest spots in the firmament: Namely, the credit freeze is thawing, according to all manner of key interest rates and spreads. In fact, LIBOR is around 1 percent now, back to where it was in the early summer of 2007 before the crunch started. This means that much of the uncertainty about lending, borrowing, investing, and hiring is receding from the market. This is a very positive sign. While retail sales and jobs are lagging indicators, the credit-market improvement is a leading indicator — pointing to recovery in the economy sometime this spring or summer. I’m … [Read more...]
Reasonable, Principled Compromise Needed to Rebuild GOP Coalition
Lately I've struggled for the time and energy to put together some coherent thoughts about what the GOP needs to do to rebuild. Jim Manzi at The Corner said it almost perfectly for me. You need to read the whole post, but here is a key excerpt:While it is always possible to imagine some arbitrary configuration of 51% of voters who have the label “conservativeâ€, Rod’s point [ed: that "no conservative movement that hopes to be successful can do so without religious conservatives"] strikes me as correct as a practical matter. Further, more important than the question of electoral advantage, is the fact that tens of millions of citizens have deeply held beliefs that should be considered in making and enforcing the law. I also believe … [Read more...]
Teachers Union Corruption and Abuse Served Up South of the Border
I am critical enough of the Colorado Education Association and the National Education Association. But to be fair, NEA/CEA has been outdone by their counterparts to the South: Mexico's National Union of Education Workers. The Center for Immigration Studies (CIS) has documented the waste and corruption and horrible inefficiencies of the Mexican education system due to the union's political power and influence (H/T Mark Krikorian at The Corner). Teachers unions in this state and country have caused their own significant share of problems, but their work is cut out for them to match the scale of abuse and destructive influence that CIS has documented about their sister union south of the border. Wow. … [Read more...]
Steyn on Left’s Creeping Concessions to Islamic Sharia
Over at the Corner, Mark Steyn highlights the Left's illogical "Sharia creep" in its latest manifestations in the United States:Forty years ago, advocating separate drinking fountains made you a racist. Today, advocating separate taxi cabs or separate swimming sessions makes you a multiculturalist. No one has a keener eye for this stuff than Mark Steyn. If you're not reading him regularly, you should be. After all, he has been fighting the good fight for free speech against Canada's Human Rights Commission. (More on this story from Michelle Malkin.) A little solidarity today from south of the 48th parallel. … [Read more...]