Though it pains me to say this, back in 1981 Ronald Reagan got it right. He got Congress to pass a massively excessive tax cut – and then spent five years taking it back. Spurred by stimulus, the economy recovered. And no one remembers those tax hikes now.
For three More…
Allegedly corrupt Illinois Gov. Rod Blagojevich is being feted as the Scrabble Club of America and Guam’s Man of the Year “for focusing the world’s spotlight on randomly scrambled letters as a limitless source of wholesome fun.”
Informed of this rare honor, the shady Chicago politico said “(Deleted) me! That’s More…
They’re saying Chicago is at it again.
The reactions of pundits, legislators and local news anchors to headlines that Illinois Gov. Rod Blagojevich was caught on tape spewing profanities and looking to make money by selling President-elect Barack Obama’s vacant Senate seat have ranged from disappointment to frustration. But no More…
Just as troubled borrowers are poised to become the next likely recipients of government help, bailout fatigue seems to have set in.
Since the government began inching toward offering homeowners more help — calling for a holiday foreclosure suspension and launching a plan to streamline mortgage-loan More…
Last week’s horrendous jobs report actually understates the nastiness of the recession. Along with the 533,000 jobs lost in November, the government nearly doubled previous job-loss estimates for September and October, bringing total losses thus far in 2008 close to the 2 million mark. In short, we are More…
President-elect Barack Obama is confronting a cascading economic crisis, which seems to worsen by the day, not the week. As venerable banking houses collapse, once-mighty industries teeter on the brink of oblivion and unemployment mounts, the air thickens with recollections of the Great Depression of the 1930s, and comparisons between More…
As President-elect Barack Obama assembles his administration, the final scenes of the 2008 campaign shift to Capitol Hill, where a lame-duck session shadowboxes over economic recovery measures. At the same time, the unresolved races in Georgia and Minnesota, the fate of renegade Sen. Joseph I. Lieberman (I-Conn.) and the Democrats’ More…
There was tension in the House of Representatives hearing room July 31 as Rep. Gene Taylor (D-Miss.) called to order a meeting of the Seapower and Expeditionary Forces subcommittee. “This may very well be the most important hearing this subcommittee has held since our hearing last January on the procurement More…
So there are atheists in foxholes after all.
Last week, on the eve of Veterans Day, the Secular Coalition for America and the Military Assn. of Atheists and Freethinkers held a news conference in Washington to present an open letter to President-elect Barack Obama. Citing a report that found 21 More…
In the days following his election, it has become clear that President-elect Barack Obama is bringing a little bit of Chicago Mayor Richard M. Daley’s City Hall to Washington.
The White House chief of staff will be Rep. Rahm Emanuel (D-Ill.), a former Daley fund-raiser. Emanuel is stepping down from More…
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