You don't need me to tell you that the chattering class is appalled by the partisan gridlock and political bickering that keeps Washington from dealing efficiently with the nation's problems.
Americans don't need a fortuneteller to predict our future. We can see the future right before our eyes: Europe. And we don't like it.
Milton Friedman was an extraordinary Nobel Prize-winning economist whose ideas helped underpin modern conservative economic theory. His contributions to economics and the conservative movement cannot be underestimated. Sadly, Milton Friedman passed away a little more than five years ago at the ripe old age of 94. Although Friedman is no longer with us, his words, his ideas, and his legacy live on. In honor of Friedman, here are some of his best quotations.
Obama is a national embarrassment and each day proves himself even more incapable of honestly confronting the nation’s urgent issues. Just days ago, Americans were once again left gob-smacked as Obama beat the drums for the SAVE awards, his signature effort to cut the $1.4 trillion annual deficit. This Obama initiative hopes to demonstrate the president’s commitment to fiscal sanity by cutting wasteful spending.
America's mainstream media is hard at work on the Obama re-election effort. Nonstop reporting on the Herman Cain allegations, the break-up of the European Union and Occupy Everything is quietly building a playing field or political environment to empower Obama's excuses.
Joseph S. Tanious, CFA and market strategist for J.P. Morgan Funds, explores the economic conundrums of the European Debt Crisis.