Monthly Archives: February 2011
High Speed Wail
Alan Simpson called the deficit a “stink bomb in the garden party”. The Obama budget went for the only thing more dear to liberals than bicycle paths – high speed rail. Robert Samuelson says this stink bomb would cost $500 billion over 25 years. I don’t know – less than a trillion sounds cheap these days.
New Media Merger
The ideologically supple Arianna Huffington sold her left leaning Huffington Post to AOL for $315 million. Not to begrudge a successful capitalist, but The Huffington Post is famous for stiffing original content providers.