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Watching the debt-ceiling debate currently taking place in Washington I am reminded of the 1955 James Dean movie “Rebel Without a Cause”. In the movie, James Dean’s character and his rival challenge each other to a game of “chicken”. In this game, the contestants drive their cars at full speed toward the edge of a [...]
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The term “free market” is one of the more widely misunderstood and misused terms in American politics. Republicans in general and Tea Partiers in particular have loudly and consistently proclaimed their unwavering devotion to the concept of free markets. They insist that things would be better for all of us if government simply “got out [...]
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In his 1968 book, “The American Challenge”, author J.-J. Servan-Schreiber, founder and editor of the French weekly L’Express, examined the sources of American economic dynamism in 1960’s Europe. It was American companies that moved aggressively to take advantage of the liberalization of European trade regulations created by the establishment of The European Economic Community (EEC) [...]
Filed under: Economy, Politics | 2 Comments »
Dick Cheney has finally settled the argument. In an interview yesterday in his suburban Washington home, the former Vice President said that President Obama is a citizen of the U.S. Well, OK, he didn’t say it directly. But he did say that President Obama has provided aid and comfort to America’s enemies, which is — [...]
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If I were not already grown-up, I would know what I want to be when I grow-up — a Republican pollster. What a job! I mean, how hard can it be? They’re paid ludicrous amounts of money to come-up with inane questions and they get to be on TV and reverently referred to as “experts”. [...]
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For months we have listened to an endless parade of Democratic politicians and liberal pundits argue forcefully for healthcare reform to assure universal access to healthcare and gain control over rapidly rising healthcare costs. As the debate in Congress nears its impending climax it appears that the legislation currently proposed would provide access to healthcare [...]
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With billion dollar bonuses and boundless arrogance, Wall Street bankers have accomplished a feat that has eluded politicians for nearly seventy years: they have unified American public opinion. Not since the Japanese bombed Pearl Harbor has the American public expressed such universal outrage over a single event or issue. Their anger is justified. American families [...]
Filed under: Economy, Financial Regulation | Leave a Comment »
Before taking office, our government officials (both elected and appointed) take an oath of office. We know this because we frequently see them do it on TV. Members of Congress do it en masse. Over the years I have become convinced that there is a second oath. It is a secret oath, one that they [...]
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