Tuesday, October 7, 2008

New York Times' David Brooks on patent reform

In a Sept. 12 op-ed piece in the New York Times, conservative columnist David Brooks criticizes the financial market policy engineering of the Bush Administration. At one point he writes, and correctly so, "A Republican administration intervened gigantically in the market to handle the Bear Stearns, Freddie and Fannie debacles. But it has no conservative rationale to explain its action, no language about the importance of social equilibrium it might use to justify itself." A good way to describe this Administration's patent reform initiatives. And let's just say that if the PTO had a tradeable stock, it would be at the top of the new you-can't-short-losers stock list. And once again I urge the CAFC, in the Bilski case, to ignore any arguments from all of the bankrupt and bailout-recipient financial companies. Their operations are as incompetent as their Bilski arguments.