NOVEMBER 2, 2011 EU and U.S. debt are interlinked through the banking system. By GERALD P. O’DRISCOLL JR. When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects. The debt crisis is not just an
WHY WE CAN’T EXCAPE THE EUROCRISIS Read More »
NOVEMBER 1, 2011 After World War II, the U.S. promoted international economic growth through reliance on the market and the incentives it provides. Times have changed. By JOHN B. TAYLOR When President Obama meets with his counterparts from other G-20 countries in Cannes later this week, American economic leadership will, unfortunately, largely be absent. At
A SLOW-GROWTH AMERICA CAN’T LEAD THE WORLD Read More »
OCTOBER 27, 2011, 11:44 A.M. ET The Mortgage Crisis: Some Inside Views Emails show that risk managers at Freddie Mac warned about lower underwriting standards—in vain, and with lessons for today. By CHARLES W. CALOMIRIS Occupy Wall Street is denouncing banks and Wall Street for “selling toxic mortgages” while “screwing investors and homeowners.” And the
THE MORTGAGE CRISIS – PLACING THE BLAME WHERE IT BELONGS Read More »
Published on The Weekly Standard (http://www.weeklystandard.com) The global debt apocalypse approaches. David M. Smick October 31, 2011, Vol. 17, No. 07 On the issue of public debt, Washington is experiencing what psychologists call “learned helplessness.” The financial news is so relentlessly terrible that people have become numb to it and assume nothing can be done
LOSING THE ECONOMIC BATTLE Read More »
THE WEEKLY STANDARD Protesters Only the Media Can Love October 24, 2011 As you likely recall, the media lost their collective minds when the Tea Party movement first emerged. The Fourth Estate turned Fifth Column and went out of its way to portray earnest and concerned citizens as racist, paranoid, and violent. The Scrapbook is
WALL STREET PROTESTS – PROTESTERS ONLY THE MEDIA CAN LOVE Read More »
OCTOBER 24, 2011 With the economy sinking in 1937, Roosevelt accused business of sabotage. By PAUL MORENO President Obama is cozying up to the “Occupy Wall Street” movement, intending to make resentment of big business a central theme of his re-election campaign. Here he’s following the lead of Franklin D. Roosevelt, who tried to convince
OBAMA’S RE-ELECTION MODEL IS FDR Read More »
THE TELEGRAPH The single currency is close to collapse With Europe on the brink of a disaster, the euro must be reconstituted as an entity based on economic reality, not ideological folly. Crisis: the Franco-German partnership which lies at the heart of the European project is fracturing as never before Photo: AFP By Telegraph View 21 Oct
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OCTOBER 20, 2011, 7:18 A.M. ET Occupy Wall Street in Zuccotti Park recalls the uncivilized New York of the 1980s. By DANIEL HENNINGER There is a must-see YouTube of an Occupy Wall Street event in Atlanta, where a facilitator with a bullhorn leads “protesters” through a weird “consensus” vote to bar civil-rights icon Rep. John
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OCTOBER 19, 2011, 12:04 A.M. ET There is no evidence huge banks add sufficient value to offset the systemic risk they pose. By JON HUNTSMAN Is Dodd-Frank an appropriate regulatory response to the 2007 financial crisis? Tragically, no. That legislation ignores the government’s pervasive role in causing the crisis, assures future transfers from taxpayers to
JON HUNTSMAN: ‘TOO BIG TO FAIL IS SIMPLY TOO BIG’ Read More »
OCTOBER 18, 2011 In interviews, protesters show that they are leftists out of step with most American voters. Yet Democrats are embracing them anyway. By DOUGLAS SCHOEN President Obama and the Democratic leadership are making a critical error in embracing the Occupy Wall Street movement—and it may cost them the 2012 election. Last week, senior
POLLING THE OCCUPY WALL STREET CROWD Read More »
