Author Archives: Michael Froomkin

Budget Deficits In Perspective

I took the car into the shop on Wednesday. In the uncomfortable waiting room, an older guy who was waiting for his repair was going on and on and on about how awful all politicians are — they should all be shot — and especially how awful the administration's economic policies are.

I argue that there's plenty of room to criticize the timidity of administration's economic policies — why bail out zombies instead of starting fresh, clean, government run banks and privatizing them eventually? — but that wasn't the substance of grandpa's attack. No, he was talking about the biggest government spending in history, that 'massive' stimulus bill. It was Hoover all over again. I couldn't get him to believe that government spending wasn't at an all-time historic high in percentage terms.

As it happened there was internet access there, so I pulled up this graph and tried to show it to him:

budget09.jpg

But I literally couldn't get him to look at it. “I don't want to argue with a know-it-all,” was his reaction. In other words, “No Facts Please, We're George Bush's Americans.” And when I told him the table had been produced by the US Government, that just iced the cake, “Well, the government,” as if anything they said couldn't be believed.

Some ignorance is impregnable. But I'm putting the chart here for easy reference the next time the car needs work.

And for good measure, here's a link to a chart I found, The Audacious Epigone: Government spending as a percentage of GDP by country which suggests that the US is number 144 of the 160 countries surveyed for government expenditure as a percent of GDP. I'm a little suspicious of this number, since I think for true comparison one should include all state/provincial spending in federal systems, but there it is.

Posted in FAQs | 9 Comments

This Will Not Seem as Funny After the Singularity

net.wars: The untweetable Xeroxness of being is Wendy Grossman's account of a twitter fest with a copy of a Xerox machine.

So the other week I was chatting on Twitter across time and space with a Xerox machine from 1961…

Of course there are DMCA issues.

Posted in Blogs | Comments Off on This Will Not Seem as Funny After the Singularity

Justice Should Smell Good

Gurrbonzo says the Miami courts stink.

Literally.

I wonder what Rumpole would have to say about this?

Posted in Law: Practice | Comments Off on Justice Should Smell Good

Forget Basketball, Vote in the ‘Bracket of Evil’

Vote early, vote often in CREDO's “Bracket of Evil.”

I object to the early pairing of Limbaugh and O'Reilly, as they could have been semi-finalists, easy.

Posted in Politics: The Party of Sleaze | 9 Comments

UM Students Win Bankruptcy Moot Competition

The Bench Brief: Miami bankrupts competition at Duberstein

The University of Miami School of Law topped 45 other teams at the 17th Annual Conrad B. Duberstein National Bankruptcy Memorial Moot Court Competition this past weekend.

Congrats!

Posted in U.Miami | 1 Comment

Obama DoJ May Revive Anti-Trust Enforcement

I found this blog posting by Jamie Love to be very interesting — Knowledge Ecology Notes » Meeting at DOJ on the Ticketmaster /Live Nation merger — especially if its optimism turns out to be justified.

There were several interesting things that came out during the 90 minute meeting. One was that the DOJ clearly understood that the opposition to the merger would not be satisfied with a few divestitures, and this was really an up or down decision for the merger as a whole.

One early question put to us was, would consumers be better off with two vertically integrated companies, rather than one (a not too hypothetical case of TM and LN vertically integrating both promoting and ticket sales). This was not a difficult question for anyone.

My own take was the DOJ is willing to stop the merger, and is devoting resources to build a case against the merger.

This isn't anywhere near the most important merger in history, but could be a major sign of things to come.

Posted in Law: Everything Else | 8 Comments