Tuesday, March 17, 2009

Bonus Coverage

Andrew Ross Sorkin of the NY Times recently made an attempt to follow The Other McCain's Rule 4, but only on the flimsiest of pretexts, so I really don't think that it counts.

Mr. Sorkin argues that we should, in his words, swallow hard and pay the AIG bonuses that have caused so much outrage over the last two days in order to maintain the "sanctity of contracts."

Meanwhile, preeminent econoblogger Tyler Cowen over at Marginal Revolution takes time to blog about the fact that he is not blogging about the AIG bonuses.

Memo to these agents provocateurs of media old and new: Bucking conventional wisdom in such conventional ways does not make you Christopher Hitchens. It won't even get you points toward your contrarian merit badge.

Did we really need Sorkin to extoll the virtues of maintaining contracts when we already have Ed Liddy and Larry Summers doing the same.

As for Cowen, if blogging about blogging is 'meta', what is blogging about not blogging?

Try again guys. Next time just don't try so hard.

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