The Deeper Problem: Where is Congress?

In November either Barack Obama or John McCain will be elected president. Either man faces a host of issues. The economy is a blanket term but broken down it encompasses the unemployment problem, the credit crisis, the mortgage crisis, and the overall crisis of confidence in the US. That problem will no doubt hamper their [...]

Extraordinary Times

It is perhaps fitting that this election is the first in American history to have this much media coverage. Someday history writers will look back on this election cycle as one for the ages. Tonight’s actions are just another example. From the Washington Post’s The Trail:
The president has invited the bicameral and bipartisan leadership, and [...]

Kristol and the Bailout

It says something about this financial crisis that it has me and William Kristol in agreement. I’ve used words in the past like “pin-head” and “moron” to describe him. But this morning’s column is a calm and sober assessment of crisis. There are serious questions to be asked about this bailout. Both in practical operational [...]

Tax and Spending Plans are about to meet reality

Hank Paulson, Treasury Secretary, announced a bailout plan that could end up costing as much as $1 Trillion.  Congress is going to work through the potential legislation over the weekend. Whatever may come of this, one thing is certain….
More tax cuts, universal healthcare, or any of the other huge spending intitiatives these candidates have proposed are [...]