The Senate voted Wednesday night; the House is scheduled to vote today. Will the deal fly? Probably. Wall Street’s gyrations since Monday have scared the hell out of a number of holdouts, notwithstanding all the negative emails and phone calls they continue to receive from constituents.
Could Sarah Palin really be a Walt Disney creation? At some point the comparisons between her and perky Mouseketeer Annette are hard to push out of consciousness. Annette learned her lines and recited them with real “Gosh, Shucks” authenticity in such a way that she became an old man’s and America ’s sweetheart (not to [...]
$700,000,000,000… oh what a relief, it is! With apologies to Alka-Seltzer, one chamber crawled out of the sandbox and reached an unpopular but bipartisan decision to save global credit markets last night as banks held a Russian Roulette pistol with six chambers full to our heads and yelled, “Stop me before I shoot.” Crisis over? [...]
The recent escalation of violence between Israel and its Palestinian and Lebanese enemies illustrates yet again a perennial feature of this excruciating conflict: on both sides, those who refuse to compromise hold the trump cards. Both Hamas in Gaza and Hizbollah in Lebanon have the ability to seize the initiative and derail efforts to forge [...]
Reagan’s America is dead. If not dead, it lies fallen on a US economy near ruin. The recent collapse of several financial giants and the extreme concentration of wealth in a few hands have reached levels unmatched since the 1930s Great Depression Era. Former Federal Reserve Chairman Alan Greenspan, who witnessed firsthand the Great Depression, [...]
According to everything I’ve learned, the term “federalist” referred to those who believed in a strong central government. Jefferson was a federalist and Adams was an anti-federalist. Adams believed that power should be centrally located in the hands of an elite few — alternatively, Jefferson believed that centralized power lead to corruption.
Although the Senate is scheduled to vote tonight to save the financial rescue package, there is a massive amount of finger pointing about who was to blame for Monday’s failure in the House vote. Democrats blame Republicans, Republicans blame Democrats, dogs blame cats, and vice versa. Alas, my former brothers and sisters toiling in business [...]
Recently, a coalition of right-wing pastors decided to make a frontal assault on the long-standing policy that charitable institutions, including churches, are prohibited from endorsing candidates if they want to keep their tax-free status. These pastors defied that law by explicitly endorsing John McCain from the pulpit.