All is well in Washington. The government is spending and borrowing again. Continue reading
When it comes to bailouts, monetary policy, and banking regulation, the Federal Reserve has the last word. No one – not the President, not Congress, not anyone – stops the Fed from doing what it has determined to do. Until last week. Continue reading
“So eight years ago, I came here to deliver the commencement address for the class of 2005. Things were a little different back then. For example, I had no gray hair. Or a motorcade. Didn’t even have a prompter.”
President Obama, Knox College, Galesburg (IL), July 24, 2013
Many things have changed in the eight years that elapsed between President Obama’s two Galesburg addresses. But perhaps none of those things has changed as profoundly as he. Continue reading
President Obama has a new plan to revitalize the middle class. It almost certainly won’t work, but that almost certainly isn’t his fault. Continue reading
At my gym, they put little inspirational quotes up on the wall to get you to work out harder (that’s the theory, at least).
“Lead, follow, or get out of the way,” was last Tuesday’s quote, attributed to the Marine’s handbook, which was a revelation to me. I always thought that Lee Iacocca was the man who first said that memorable phrase when he was trying to fix Chrysler.
This quote must haunt Congressional Republicans on both sides of the Capitol dome. Continue reading
“Progress does not compel us to settle centuries-long debates about the role of government for all time, but it does require us to act in our time. For now decisions are upon us and we cannot afford delay. We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate. We must act, knowing that our work will be imperfect. We must act.”
May 10 was supposed to be about health care and moms. The White House message of the day was that the health care law is pro-motherhood. The law’s detractors, with their “political bickering,” “tall tales,” and “political games,” are, by implication, against motherhood.
The President delivered this message two days before Mothers Day at a White House event. But his message never did get out. Continue reading