Published on The Weekly Standard (http://www.weeklystandard.com) Guilty Men The political origins of the meltdown. Christopher Caldwell July 25, 2011, Vol. 16, No. 42 Reckless Endangerment How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon by Gretchen Morgenson & Joshua Rosner Times Books, 352 pp., $30 To have served as the intellectual architect of the […]
BOOK REVIEW – RECKLESS ENDANGERMENT Read More »
While the U.S. is mired in a budget crisis, let us refresh our memories on one of the many ways we have spent our way into this crisis! i
VIDEO – WSB-TV NEWS – U.S. SENDING MONEY OVERSEAS TO REBUILD MOSQUES Read More »
July 23, 2011 By THOMAS L. FRIEDMAN DID I mention that I’ve signed a pledge — just like those Republican congressmen who have signed written promises to different political enforcers not to raise taxes or permit same-sex marriage? My pledge is to never vote for anyone stupid enough to sign a pledge — thereby abdicating
THOMAS FRIEDMAN – MAKE WAY FOR THE RADICAL CENTER Read More »
JULY 18, 2011 Regulators don’t want to reveal how vulnerable banks are to a sovereign default. Almost every bank in Europe passed the latest round of stress tests, according to results released Friday night by the European Banking Authority. A lot of good that news did. Stock prices came under pressure around the world on
THE STRESS EUROPE WON’T TEST Read More »
Fri, Jul 15, 2011 BY CHARLES KRAUTHAMMER – Washington Post Writers Group WASHINGTON President Barack Obama is demanding a big long-term budget deal. He won’t sign anything less, he warns, asking, “If not now, when?” How about last December, when he ignored his own debt commission’s recommendations? How about February, when he presented a budget
KRAUTHAMMER – TURN UP THE HEAT ON OBAMA Read More »
JULY 12, 2011 . By PETER WALLISON Mr. Wallison, a senior fellow at the American Enterprise Institute, was a member of the Financial Crisis Inquiry Commission and dissented from the majority report. EXCERPT FROM THIS ARTICLE: Far from being a marginal player, Fannie Mae was the source of the decline in mortgage underwriting standards that
GOVERNMENT-SPONSORED MELTDOWN – FANNIE MAE Read More »
3:25 AM 07/12/2011 by Mickey Kaus Paul Krugman now says that some kinds of Keynesian stimulus spending just aren’t as effective as other kinds. Specifically, he suggests, aid to state and local governments (to enable them to keep government workers in their jobs) is a sort of second-class stimulus: So what happened to the stimulus? Much of it
KRUGMAN; ‘I DIDN’T MEAN THAT STIMULUS!’ Read More »
Fury is spreading. But the mobs ignore the real culprit behind broken economies. by Niall FergusonJuly 11, 2011 Yiorgos Karahalis / Reuters-LandovRiot police at a protest against austerity measures in Athens on June 28, 2011. This is the age of indignation. Politics in the Western world are becoming more emotional—because our problems are so intractable.
THE GLOBAL TEMPER TANTRUM Read More »
