Attorney General candidate Eric Holder played a key role in the much-maligned pardon of fugitive Marc Rich. (Also, Roger Kimball on Eric Holder, Radical)
IN THE MAIL: Born Liberal, Raised Right, a guide to child-rearing and “turning tiny tyrants into good citizens.”
PROMISING CHANGE, PICKING INSIDERS? “President-elect Barack Obama promised the voters change but has started his Cabinet selection process by naming several Washington insiders to top posts.” Hey, you can’t spell “change” without a D-A-S-C-H-L-E!
SAY WHAT YOU WILL ABOUT THE VOLOKH CONSPIRATORS, but I don’t really think they’re a bunch of crazed leftists.
MORE ON Eric Holder, fierce drug warrior. Oh, goody. You’d think that the Obama election would at least bring some relief on this subject, but noooo. . . .
A REQUEST: If you see good commentary in college papers, send me a link.
THE ADVANTAGES OF SMALL BANKS. ”According to FDIC data, the failure rate among big banks (those with assets of $1 billion or more) is seven times greater than among small banks. Moreover, banks with less than $1 billion in assets—what are typically called community banks—are outperforming larger banks on most key measures, such as return on assets, charge-offs for bad loans, and net profit margin.”
IN THE WASHINGTON POST,doubts about the Eric Holder nomination. “Ultimately, the call was President Clinton’s, but why did Mr. Holder not object to the pardon of a fugitive millionaire politically connected to the president?”
MORE FROM the National Book Awards. I think there were some obvious omissions, such as Jonah Goldberg’s Liberal Fascism — it’s timely, topical, and provocative! — and Michael Yon’s Moment of Truth in Iraq, which turned out to be quite prescient. Oh, well. You can hear our podcast interview with Jonah Goldberg here, and with Michael Yon here.
JIM LINDGREN: A Simple Argument Against the Auto Bailout: An Auto Bailout Would Destroy Jobs. ”Anyone who thinks that giving money to a company losing 2-3 billion dollars a month — with overpaid workers and overpaid executives – would usually save jobs in the long run, rather than lose them, doesn’t understand economics.”
MEGAN MCARDLE ON AUTO BAILOUT TALK: “By far the most optimistic estimates in the financial community come from the people who have virtually no dealings with Congress. Anyone who does, recognizes that this is not going to be bridge financing towards a massive restructuring. I’d wager even the supporters in the DC area would admit that GM is probably going to be back for more within the year.”