Quotes of the day

Getting caught is the mother of invention.--Robert Byrne

In my estimation, Congress chose the wrong approach to stimulating the economy by spending money we don't have on things we don't need.--Senator Tom Coburn

Over the last two decades, US taxpayers have subsidized the American climate change industry to the tune of $79 billion. ... Exxon Mobil gave a mere $23 million, spread over ten years, to climate sceptics.--Science and Public Policy Institute

There is a $1 trillion stash of cash idling in the banking system. It's too big to ignore, and it's a cause for concern.--Peter Eavis

In past, the most repeated words by Goldman’s press department were “no comment.” The firm was above responding to criticism because there was nothing that could shake its clients' confidence in its abilities. Those days are clearly over, even if Blankfein and company are now doing God’s work. God, however, could not be reached for comment.--Charlie Gasparino

If Dick Cheney is so worried about Obama looking weak, he should maybe not try to undermine him. Yes, Obama has occasionally been kind of a jerk about blaming his predecessors for everything from global financial meltdown, to regional blowfly infestations, to cold coffee at the White House mess. I don't care. A functioning foreign policy does not start with public squabbling among the current and former high officers of the executive branch. --Megan McArdle

But the more impenetrable Tiger's cocoon was, the more fragile it became. It was increasingly vulnerable to anything that happened that was out of the control of the people who built and sustained it, and the events of last week certainly qualify.--Charles Pierce

Be sure to make the distinction between 'peer review' and 'clique review'.--HTuttle

Ignoring skeptics coming from outside the field is inappropriate; Einstein did not start his research career at Princeton, but rather at a post office.--Judith Curry