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I am a movie fanatic. Fortunately, I found a place to download the…

I realize these allegations are far from proven. But it’s remarkable how quickly that “slippery slope” stops looking so steep …

The lawyer suing Verizon “said the information, only collected from landline subscribers, would not provide the government any information to help national security. “The terrorists are on the pay phones or using the prepaid phones,” he said. “They are not on landlines so this entire exercise is another one of the administration arguments that we have to protect national security by doing something which doesn’t have any protection for national security.”

If this is true, it boggles the mind. This whole program is limited to landlines only? Who uses landlines any more?

http://money.cnn.com/2006/05/15/news/companies/verizon/index.htm

if we permit surveillance of suspected terrorists (and how do we know it’s limited to that?) … why not ‘unpatriotic’ reporters and anti-war protesters?

Well, that didn’t take long did it?

Still think the NSA program is limited to “terrorists”? Or are reporters, whose reporting hurts the war effort, fair game too?

2) The economy is decent enough, as you would expect it to be after the fiscal and monetary stimulus we’ve had. If you want to use the Dow Jones as a proxy, we’re about where we were when Clinton left office. If the economy were in its present state and we had a balanced budget, then I would view that as a policy success. However, because the economy is juiced up by hundreds of billions of dollars of government borrowing, we are not seeing the full picture. The inevitable result is that we will have to repay the government debt, quite possibly in a time when the economy is slowing or foreigners are not longer willing to buy government paper.

I used to work with someone who made a lot of money in dot-com stocks in the 1990′s and then bought his house on margin (using Qualcomm stock, if you can believe that). Things looked pretty good for him, too — for a while.

3) The unemployment rate uses as the denominator everyone currently in the work force (leaving out the chronically unemployed or those who can’t find a job and leave the work force). As mentioned, when both the Fed and the budget deficit combine to goose the economy, it will create a lot of jobs. However, if you look at metrics like disposable income, household balance sheets, and consumer confidence, it doesn’t seem like the mass of Americans are getting ahead (and certainly they don’t seem to think so).

4) Tax cuts aren’t a policy success. You can always give money away. Fiscal discipline is a policy success.