The Corner

Obama, TARP & Exec Pay

My main fear is that executives running financial institutions will refuse to participate in the government program, even though it makes sense for their companies, because they don’t wish to take a pay cut.  I also worry that those that do participate will find some other way to compensate themselves that may be even worse than what they are doing now.  It’s worth remembering that the big increase in stock options came after Bill Clinton restricted the deduction for regular pay to $1 million per year in 1993.

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Stick a Fork in O’Rourke

If, as I wrote last week here, Joe Biden may save the Democratic party from a horrible debacle at the polls next year, Beto O’Rourke may be doing the whole process a good turn now. Biden, despite his efforts to masquerade as the vanguard of what is now called progressivism, is politically sane and, if ... Read More

Ivy-League Schools Wither

A  number of liberal bastions are daily being hammered — especially the elite university and Silicon Valley. A Yale and a Stanford, or Facebook and Google, assume — for the most part rightly — that each is so loudly progressive that the public, federal and state regulators, and politicians would of ... Read More

In Defense of the Electoral College

Senator Elizabeth Warren has joined a growing chorus within the Democratic party in calling for the abolition of the Electoral College. Speaking at a forum in Mississippi on Monday night, Warren said that she hoped to ensure that “every vote matters” and proposed that “the way we can make that happen is ... Read More