What Europes central bankers are currently contemplating is reminiscent of George W. Bush and Iraq: preemptively combating a danger which is difficult to verify. This can be a dangerous adventure.
In 2003, Bush had the Iraqi government overthrown and its ragtag army routed with hundreds of thousands of troops and [Read more]
The first of three scheduled television debates between presidential candidates Barack Obama and John McCain ended in a draw. Thats why campaign strategists are puttering around with their spin machines after the 90-minute head-to-head. Spin is the art of turning your opponents weaknesses into a victory for [Read more]
John McCain pulled his ace out of his sleeve. If elected, Alaskas Governor Sarah Palin will accompany him into the White House. However, in no way does the 44-year-old governor embody Republican conservatism.
On the heels of the Democrats revolution follows the Republicans revolution. The American Left had [Read more]
Under Paulsons plan, the government would take on the role of a gigantic junk dealer who doesnt even know anything about the junk its buying. Critics ridicule it as cash for trash.
Whoever doubts that freedom resides in the United States should order a sandwich there.
Washington Mutual Bank just went broke. The government bailout package for the financial system has yet to go anywhere in Congress. Several thousand more families lose their homes every week due to the mortgage crisis. In Texas, theyre still cleaning up the mess left by Hurricane Ike. In the United Nations [Read more]
Bizarre squabbling over the Wall Street bailout plan: Republicans mobilize against Bush, Democrats rush to his defense.
The 700 billion dollar bailout of Wall Street and the American banking system with taxpayer money is sheer insanity but what can be done when the alternative is the collapse of the entire [Read more]
McCains chess gambit may have appeared brilliant at first glance. Now it looks as though its likely to backfire.