Only graph nuts will care about this, but here goes anyway If you look at this graph of the Federal Reserve’s Interest Rates – before Greenspan, lowering the rate in response to a downturn worked and afterwards the rate could be gotten back up to where it had been or higher. That means that there […]
Alan Greenspan took over the Fed in August 1987 during Reagan’s waning days. He had a belief. He thought, as many have thought, that the free market economy is self correcting – that it will upright itself under any circumstance. He felt he could deal with setbacks by adjustments in the Interest Rates at the […]
With all the wet noodles thrown at the wall, the one that is sticking best is the charge that the Democrats [Obama] are big spenders. And, for the moment, that is true – absolutely and relatively. What follows is a State of the Debt retrospective beginning with Reagan [when deficit spending became the Republican norm]. […]
What Torture Never Told Us New York Times By ALI H. SOUFAN September 5, 2009 PUBLIC bravado aside, the defenders of the so-called enhanced interrogation techniques are fast running out of classified documents to hide behind. The three that were released recently by the C.I.A. — the 2004 report by the inspector general and two […]
White House Adviser Van Jones Resigns Amid Controversy Over Past Activism Washington Post By Garance Franke-Ruta and Anne E. Kornblut September 5, 2009 White House environmental adviser Van Jones resigned Saturday after weeks of controversy stemming from his past activism. "On the eve of historic fights for health care and clean energy, opponents of […]
Cheney’s Tortured Logic He wants to redefine the Constitution. Newsweek by Jonathan Alter September 4, 2009 Dick Cheney is in retirement, a cable nuisance but not a political threat to President Obama—unless there’s another terrorist attack. In that case, Cheney will no doubt cast himself as a sagebrush prophet whose vicious slurs against the president […]
Some are disappointed in Obama. Others, me among them, are surprised that he can still get up in the morning given the outrageousness of the attack that has met his every move. Nowhere is this more patently obvious than this business about his speech to school children. From Michelle Malkin: Obama served with Weather Underground […]