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Posted by William A. Jacobson on October 10, 2009 3 Comments

From the Preface to the 1852 Edition of Charles MacKay's Memoirs of Extraordinary Popular Delusions and the Madness of Crowds (caps in original):IN READING THE HISTORY OF NATIONS, we find that, like individuals, they have their whims and their peculiarities; their seasons of excitement and...

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Posted by William A. Jacobson on October 10, 2009 15 Comments

Karl Marx famously wrote that "history always repeats itself, the first time as tragedy, and the second as farce."Barack Obama has reversed these historical forces. With Obama, farce repeats itself as history.As a neophyte politician, Obama was elected to the Illinois State Senate when he...

Posted by William A. Jacobson on October 09, 2009 8 Comments

Received this e-mail from a "fan":Sir, just what are you doing for world peace other than complaining about the Nobel selection of Barack Obama?Well, complaining about the lunatic award of a peace prize to someone who never brought peace to anything was a pretty good...

Posted by William A. Jacobson on October 09, 2009 8 Comments

My initial reaction to Obama getting the Nobel Peace Prize was that this was Obamamania gone wild. That's part of it.But I think there is more to it. The internationalists have tied Obama's hands. Will Obama continue ordering drones to bomb houses in Pakistan? Will...

Posted by William A. Jacobson on October 09, 2009 21 Comments

Barack Obama won the Nobel Peace Prize. For what? Peace in Afghanistan? Peace in Iraq? Peace in the Middle East? Nope.How about peace in Chicago, Honduras, Detroit, or somewhere? Nope.What a joke. Was Chris Matthews on the committee?What an embarrassment to the Nobel Peace Prize...

LEGAL INSURRECTION QUICK TAKES

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Republican Professors at U. Arizona Outnumbered by 28 to 1

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Posted by William A. Jacobson on October 09, 2009 1 Comment

The Congressional Budget Office released its Monthly Budget Report for fiscal year 2009. Most of the news reports have focused on the deficit numbers, up to $1.4 trillion: CBO estimates that the federal budget deficit was about $1.4 trillion in fiscal year 2009, $950 billion...

Posted by William A. Jacobson on October 08, 2009 5 Comments

Ezra Klein, in his post Don't Read The Bill!, defends Max Baucus' plan to have the Senate Finance Committee vote on the Chairman's mark, which is a summary of provisions which eventually could be reduced to legislative language. Klein writes that people should not read...

Posted by William A. Jacobson on October 08, 2009 2 Comments

The CBO is doing its best to score the Baucus Health Care Concepts (it's not a Bill), but it really is an exercise in hypothesis and speculation, and not only because there is no actual legislation.The main problem is that the Baucus Concepts make assumptions...

Posted by William A. Jacobson on October 08, 2009 11 Comments

You can find an e-mail submission form for Maine Senator Olympia Snowe by clicking here.Snowe is the key vote on the Senate Finance Committee because she is the only Republican on the Committee who might vote in favor of the non-Bill markup language. If Snowe...

Posted by William A. Jacobson on October 07, 2009 16 Comments

The internet is alive with the sound of people analyzing the CBO's "scoring" of the Max Baucus aka Senate Finance Committee Health Care Bill. Before everyone gets too deeply into their thoughts, please keep in mind the following (get ready, all CAPS, bold, indented signifies...

Posted by William A. Jacobson on October 07, 2009 1 Comment

As pointed out here first, the Democratic health care restructuring plans put the IRS in the forefront of health care mandate enforcement (the Democratic HELP Committee version even gives the IRS the ability to set mandate tax rates -- why is no one talking about...

Posted by William A. Jacobson on October 07, 2009 4 Comments

Every once in a long while, the NY Times does something worthwhile, like re-printing one of the paintings selected by the Obamas, with the help of their decorator, to hang in the White House. (h/t National Review via HotAir)The decorator certainly knew his client....

Posted by William A. Jacobson on October 07, 2009 6 Comments

A slow awakening of our reality is sinking in on many fronts. One of those realities is that we have moved ever more drastically from a nation led by doers to a nation led by non-doers.Some formulate this as The Doers vs. The 'Thinkers' but...

Posted by William A. Jacobson on October 07, 2009 20 Comments

Anne Leary from Illinois blogs at Backyard Conservative. I've had a lot of contact with Anne, mostly because of my interest in the Rod Blagojevich fiasco last winter. Anne strikes me as a completely straight shooter.I felt an immediate connection to Anne because of the...

Posted by William A. Jacobson on October 06, 2009 3 Comments

Manuel Zelaya is supported by the Israel-bashing, Jew-baiting Hugo Chavez, who is teaming up with Mahmoud Ahmadinejad of Iran on a variety of fronts.So this NY Times report about anti-Semitic comments by a prominent Zelaya supporter comes as no surprise:Mr. [David] Romero, a host for...

Posted by William A. Jacobson on October 06, 2009 3 Comments

I cannot comment on this diagnosis of clinical narcissism, since I only took Intro to Psychology in college, although I have commented on certain non-clinical aspects of the Won's persona.But the author of the diagnosis in question poses a further question, so I'll raise my...

Posted by William A. Jacobson on October 06, 2009 4 Comments

Scrolling through the excellent TaxProf Blog reminded me of a fundamental dynamic in American politics. A large percentage of voters pay no federal income taxes: 47% Will Pay $0 Income Tax in 2009.But that doesn't tell the full story. For whom do these non-tax paying...

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