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President Obama's having a press conference tonight.
(Grrr—pre-empting House.) I hope someone
will ask him about the CBO report that predicts
an end to the recession later this year in the absence of a
"stimulus". "Mr. President, how does that match up with your
hysterical fearmongering
demands that the stimulus must
pass nownownow?"
Or the press might just ask him how his puppy search is going.
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Megan McArdle quotes
Will Wilkinson quoting Harvard econ prof Robert
Barro on the "stimulus":
This is probably the worst bill that has been put forward since the 1930s. I don't know what to say. I mean it's wasting a tremendous amount of money. It has some simplistic theory that I don't think will work, so I don't think the expenditure stuff is going to have the intended effect. I don't think it will expand the economy. And the tax cutting isn't really geared toward incentives. It's not really geared to lowering tax rates; it's more along the lines of throwing money at people. On both sides I think it's garbage. So in terms of balance between the two it doesn't really matter that much.
"Other than that, though, it's fine." -
You might be amused by a new blog: The MPG
Illusion, dedicated to the idea that looking at "gallons per
mile"
allows consumers to make better car-shopping decisions than "miles per
gallon". Even though they measure the same thing. Examples:
-
"Replacing a car that gets 14 MPG with a car that gets 17 MPG saves as
much gas for a given distance as replacing a car that gets 33 MPG with a
car that gets 50 MPG."
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"A 14 to 20 MPG improvement saves twice as much gas as a 33 to 50 MPG
improvement."
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"Replacing a car that gets 14 MPG with a car that gets 17 MPG saves as
much gas for a given distance as replacing a car that gets 33 MPG with a
car that gets 50 MPG."
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Doug at GraniteGrok has pointed out this news
story:
Parents will always embarrass their children. However, this was taken to a whole new level when Cindy Schicho, mother of sophomore student Andrew Schicho, told every student at the University of Rhode Island that, "Unfortunately, or fortunately (however you want to look at it) Daddy makes too much to qualify for anything."
… and now the Whole Wide World knows, too.What sent empathetic chills up my leg, though, was:
"Somebody at URI has no idea what they're doing," Schicho said. "It's a little lame this was possible."
Wince. It's rough to read that about a fellow university sysadmin. There but for the grace of God…
Feb
9
2009
URLs du Jour
2009-02-09