Holman Jenkins on All Topics
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“GM, Ford, Volkswagen and other competitors may be indulging a certain satisfaction right now at Toyota's troubles. Perhaps they shouldn't.”
“A program delivering ice-cream sandwiches to Eskimos is a good one by Obama standards as long as Eskimos are receiving ice-cream sandwiches.”
“In an age when cars are controlled by computers and software code, are claims of unintended acceleration ever possible to refute?”
“A lot of considerations got pushed aside in the rush to rescue AIG, which we still suspect was done to stave off a financial crisis. But rushed work is sloppy work.”
“Google may deserve every salaam for its willingness to go to war with China over its users' data privacy, but it has been careful not to advertise that that's what the showdown is really about.”
“Obama and Geithner are sticking it to bank shareholders simply because it's safe to do so (safer, say, than threatening the Chinese with losses on their massive holdings of Fannie and Freddie IOUs).”
“How this plan to turn a Franco-Japanese auto company into a ward of the U.S. taxpayer plays out will be interesting to watch.”
“Do bankers deserve it? Of course not. Do you deserve your good looks, good health or good luck in choice of parents and/or country you were born in?”
“Here's a guess at what TV viewing will look in five years: You will point an iPhone-like device at the nearest screen in order to play any kind of video, whether stored on the device's own memory, downloaded from a third-party site or plucked from an over-the-air signal.”
“Yes, mad, radical Islam is still a problem in the world—but the big news is what's happening in Tehran, not what almost happened on Northwest flight 253.”
“Once again Citigroup looks like the sad sack of the bunch as banks exit TARP, thanks to its poorly orchestrated capital raising and the government's abortive attempt to sell down its own stake last week.”
“It pains us, naturally, to see our forecasts and premonitions borne out in such exacting detail in the government's backdating prosecutions—why didn't we take our moment of searing foresight to the dog track instead?”
“In short, one picture is starting to come in clearly: The spectrum puzzle won't be solved by the clean and simple deal the agency envisioned just a month ago.”
“The world needs simple, straightforward on-off switches, with the inestimable virtue of having only two states -- on and off.”
“The TARP Inspector General's report has a lot more to say about the rating agencies than it does about Goldman Sachs.”