What I think about what the blogosphere is thinking about.
No Pain Here: At the Enterprise blog, Mark Perry rounds up some great factoids about the boom in public sector wages. (“The number of federal workers making $150,000 or more has more than doubled since the recession started.”) As it happens, just read a great City Journal article on the role of the public employee unions on California’s economic problem. This is an issue with momentum.
Dubious Defender: The fabulous Fausta takes issue with the POTUS claiming he is a fierce advocate of free markets.
Growth Solution: Larry Kudlow has a great thought on the EU debt crisis: “Look, the problem here isn’t just debt. The problem also lies underneath the debt. In other words, there are no tax-rate incentives to promote economic growth. That, of course, would help dissolve the debt.” American doesn’t need a Deficit Commission. It needs a Growth Commission.
VAT Valentine: Another MSM story singing the praises of value-added tax. Key bit: “The smart money says the VAT is America’s destiny, a destiny that comes closer with each passing budget.”
Credit Crisis: Like me, my pal John Tamny doesn’t think it would be such a bad thing for US debt to get a downgrade. This why Geithner should not have been so dismissive of the AAA rating threat.
White House Woes: Mike Barone gets its exactly right. The WH misread the election and electorate. And it started with the wrong-track stimulus plan.