On April 2, Obama sought to compensate for what many have called a lackluster Administration defense before the Supreme Court of the President’s healthcare overhaul. He overcompensated.
The difference between shareholders and citizens is the reason business reforms and government doesn’t. The difference explains why a virtuous cycle of savings prevails in the former and a vicious cycle of spending prevails in the latter.
While the recently enacted tax bill certainly has elements with which conservatives can rightfully disagree, there are far more – and far bigger – parts for liberals to dislike.
There are two stories in this election: the President and the Tea Party. That a third party could so quickly emerge and share the political storyline with the President is indeed news. However, this is hardly the first time a third party has had an impact on American politics. What makes the Tea Party novel is that it is fundamentally different from any of the third parties of the last 100 years.
The biggest political potential for the GOP this November isn't in Washington.
While the line between legitimate and illegitimate taxes was clear in colonists’ minds, it should be equally clear that the revolution was not simply over tax legitimacy. Americans did not just hate taxes in theory, but in practice. The empire had many advantages for America, particularly in trade and defense. Still the cost of the accompanying taxes was too much.
A recent poll revealed some startling facts about America’s political perceptions. Which party does America see as the most extreme? The Democrats. That answer is surprising, not only by its margin, but in the recent and dramatic change in viewpoint. And the answer is even more important, because nowhere does perception equal reality more than in politics.
Congressional Democrats are caught between a rock and a hard place electorally. Squeezed tightly by both historical and current trends, there are few positive issues to seize and little time in which to do so before November.
To paraphrase Thomas Paine, “these are the times that try conservatives’ souls.” Paine thus began The American Crisis, now enactment of the health care bill appears to herald a Conservative Crisis.
If current indicators are correct, Obama faces a steep uphill climb this November. The question then becomes, does the road within his own party stay so steep?
Welcome to Washington in 3-D: deficits, debt, and denial, that is. The continuing deterioration in America’s fiscal figures has indeed added another dimension to the nation’s capital.
It is ingrained in the imaginations of many that a permanent “economic cycle” exists. The economy grows, it over-extends, it decreases, it over-declines, and it grows again.
The economy's mild second quarter contraction has many proclaiming the recession over. Now is therefore a good time to survey the current recession so frequently compared to the Depression.