“No one ever went broke underestimating the intelligence of the American public.” -H.L. Mencken (Or was it “congress”?) ================= Here’s a novel idea: Have Congress create a “bank” that could borrow huge sums with only a small federal outlay and would be independent of any political interference. If you believe in this miracle, you probably thought Fannie Mae was a private company that... Read more
Archive for the ‘The Left’ Category
Bank of Political Works
September 1 | Posted by mrossol | American Thought, Economics, Party Politics, The LeftMere Proposals
September 1 | Posted by mrossol | Obama, The Left“Mine don’t count…” ====== Among the core assumptions of modern liberalism is that future regulations have no more effect on the economy than future taxes, as if expectations don’t matter and businesses don’t prepare now for their costs tomorrow. President Obama’s letter to John Boehner yesterday is a classic of the genre. Last week the Speaker asked the White House to disclose any... Read more
Leading from Behind?
September 1 | Posted by mrossol | American Thought, Middle East, Obama, The LeftMr. Ajami almost always speaks with insight and sense… He here helps explain why Libya and Iraq are so different. ================= By FOUAD AJAMI On the face of it, the similarities of the undoing of the terrible regimes of Saddam Hussein and Moammar Gadhafi are striking. The spectacles of joy in Tripoli today recall the delirious scenes in Baghdad’s Firdos Square in 2003—the... Read more
