This Blog Post Is Dedicated to Stephen Bainbridge

The "moral outrage over tax inversions" is feigned outrage. It is ginned up, fake, astroturfed outrage that will go away as soon as the midterm elections are over. It currently commands (too much) attention because President Obama and the Democratic party are worried that they might lose the Senate in the midterms, because they have no genuine …

If Only We Had Some “Economic Patriotism” in the White House

To wit:President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.As part of the bailout of the auto industry in 2009, Obama’s Treasury Department authorized spending $1.7 billion of government funds to get a bankrupt Michigan parts-maker back …

Summing Up Jonathan Alter

A know-nothing when it comes to economics and a McCarthyite when it comes to discourse. The notion that corporations and other businesses now have to take "loyalty oaths" so that they will be prevented from acting rationally in the face of ridiculous and onerous taxes and tax policy insults the intelligence of just about everyone, …

Future White House State Dinners Will Feature Dishes Best Served Cold

Link: Shortly before Hillary Clinton’s effort to pass health care reform died in the summer of 1994, the first lady asked a close friend and confidant for advice on “how best to preserve her general memories of the administration and of health care in particular.” When asked why, according to the friend’s June 20, 1994, …

Quote of the Day

If the time-for-some-traffic-problems Chris Christie bridge fiasco weren’t reminder enough that American politics can be magnificently entertaining — no, no, I mean deplorably shocking — for its periodic spasms of vengeance and retribution, consider a scene that occurs near the beginning of “HRC.” Deeply reported and ably written by journalists Jonathan Allen and Amie Parnes, …