#85: Briefly: see his past reporting/blog post or lectures on the internet bubble (P/E ratios in particular), the housing crisis, and the labor disputes and the resultant wage raises in China. I take it you don’t read the FT?

#87: Depends on the spending cuts, and I wouldn’t speak for Wolf. Our national credit would benefit from a reduced deficit, and that can’t be done without raising taxes. See Alan Greenspan’s recent argument on the need to let the Bush tax cuts for the wealthy expire or the startling revelatons of Greg Mankiw, George W. Bush’s chief economic adviser:

http://gregmankiw.blogspot.com/2007/07/on-charlatons-and-cranks.html

The stimulus has been a partial success, sparing about 1 million jobs. Look at the data yourself:

http://www.nytimes.com/2010/02/17/business/economy/17leonhardt.html

Clinton also signed many a cut, and the IT boom would not have lead to a surplus if Clinton hadn’t (barely) passed a modest increase on the top marginal tax rate. That’s how the gov’t tapped the rising incomes of Silicon Valley and Wall St. Surely, you don’t believe the Bush tax cuts worked?! See Greenspan and Mankiw above.

Soros et al. have been well-covered by PJM. But when 97% of a Karl Rove PAC is made up from four billionaires, not a word. Why?