News Radical Conservatives Don't Like to Hear

According to today’s NYT (payment required, maybe) GM is making a major capital investment.

The company said its plans to upgrade 17 plants in eight states would create or save more than 4,000 jobs

Just more proof that the decision to help GM survive was going to be bad for the economy.

Also in the NYT is a story about how a Trustee of CUNY failed to prevent an honorary degree to be awarded to a person whose political views the Trustee objected to.

http://www.nytimes.com/2011/05/11/nyregion/pressure-mounts-against-cuny-trustee-who-opposed-kushner.html?hp

Seems the Trustee didn’t understand that you have to buy the University first, as the Koch brothers know in their dealings with Florida State, before you can start making those kinds of decisions.

And in Weirton, W. Va. The American Dream may not be alive.  Of course, a repeal of the Estate Tax would probably help these folks.

http://www.nytimes.com/2011/05/11/us/11weirton.html?ref=us

Just as economic theory predicts, a weaker dollar stimulates exports. 

http://www.usatoday.com/money/markets/2011-05-10-weak-dollar-helps-us-profits_n.htm?loc=interstitialskip

Yes, the aggressive monetary policy of the Federal Reserve System in keeping interest rates extremely low results in a weak U. S. dollar.  One result is higher exports which drive economic growth and higher employment.