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After the shocking vote of 228 to 205, party leaders did their usual rounds of partisan finger-pointing, but it [...]
Why are they not being asked?
The Obama campaign and the Democratic National Committee began September with $95 million in cash, according to reports filed with the Federal Election Commission (FEC).
The McCain camp and the Republican National Committee had $94 million, because of an influx of $84 million in public [...]
"The blame game needs to end, and we need to move forward on doing what's right for our country."
-Senate Majority Leader Harry Reid
"If Obama wins, it means hiring an arsonist to fight a fire."
-Mona Charen
First Amendment rights of pastors at issue
A church-state separation group filed complaints Monday with the Internal Revenue Service against six churches whose pastors either endorsed or made pointed comments about political candidates from their pulpits Sunday in defiance of federal tax law, according to an Associated Press report.
The [...]
"I have talked to the President this morning and recommended an
increase from $100,000 to $250,000 FDIC insurance on deposits. I also strongly recommended that we use the exchange stability fund that the Treasury has available -- $250 billion -- to shore up these institutions. Also, the Treasury has [...]
I know this may be pointing out the obvious, but I think it needs to be said: Lenders have to lend, just as much as borrowers have to borrow. I know most people understand the "borrower" part of this phrase, but they seem to act as if lenders are somehow [...]
As I have pointed out any number of times, when supplies of something are short, you can allocate them either by price or by rationing. Robert Rapier, via Michael Giberson made the point that combining shortages with tough state price-gouging laws inevitably led to rationing and long lines:
Someone asked [...]
AD TEXT:
VO: Meltdown.
Wall Street squanders our money and Washington is forced to bail them out with - you guessed it - our money.
Can it get [...]
Several people I know have argued with my "do nothing" approach to the current mortgage and liquidity mess. Their argument is that the current crisis has frozen the short term money market, with banks refusing to lend to each other, and only doing so via central banks. The problem, they [...]
