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In Which I Agree with Richard Shelby, and Ask the Next Question
Angry Bear — ... got good workers, but I don’t believe they’ve got good management.") are true, while leaving the third ("They don’t innovate.") as an exercise for Tom* and the fourth as beyond the pale, even if you assume all of the above. So we have, in the words of Richard Shelby: Bad management, selecting the wrong products, being made by Good workers. So what is the solution Shelby proposes? Defenestrate the workers. (Is anyone surprised that Tyler Cowen, Bruce Bartlett, and Greg Mankiw appear to endorse this idea?) The ...

Clueless People: Alliterative edition
Kids Prefer Cheese — Tyler (who is definitely NOT clueless) quotes our clueless subject of the day, Bruce Bartlett, as follows: "I think it would be a terrible mistake to simply write a check to the auto industry without demanding major, major restructuring of its labor contracts. Without that the money will simply go down a rat hole and the automakers will just be back again in a year or two asking for more money. Obama has a strong hand to play here and I hope he uses his leverage. With bankruptcy as the only alternative to federal aid, he can drive a very hard bargain with the auto ...