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If ever there was an election that was not worth winning, it was the contest of 2008. While it was hard-fought on both sides, had McCain won, it might have spelled the end of the Republican Party. As it is, the party is well-situated to come back in 2010 and in 2012, if it learns the lessons of this year.
Simply put, all hell is about to break loose in the markets and the economy. The mortgage crisis will likely be followed by defaults in credit card debt, student loans and car loans. We will probably be set for two years of zero growth, according to economists with whom I talk. And the federal efforts to protect the nation from the worst of the recession will probably lead to huge...Read More (Opens In A New Tab)
With the newest controversy over Justice Department subpoenas of Associated Press reporters’ and editors’ telephone records, President Obama and his administration find themselves drawing fire from three different directions. Last week’s stories indicating that the Internal Revenue Service targeted tea-party groups and other conservative organizations for investigation sent a shiver down the spines of those of us who lived in Washington 40 years ago during the Watergate scandal. Meanwhile, allegations about the lapses in security that led to the fatal attacks on... Read More (Opens In A New Tab)