President Obama’s speech yesterday on inequality is being lauded as one of the best of his life, by people who paid attention to it. It’s a sad speech to read, in some sense, since it contains within it the promise of a presidency that we never saw come to fruition – the sort of policy effort that might have been launched to bipartisan success in the first year of his presidency, instead of his effort on Obamacare.
Two and a half years ago Eric Holder and the U.S. Justice Department applied dubious legal logic to shut down one of America’s quintessential pastimes – poker games among consenting adults. The Justice Department not only put a freeze on one of America’s fastest-growing forms of entertainment, it made the Land of the Free one of the few democratic nations in the world to ban consenting adults from playing online poker.
The media is giving mixed reports of Cardinal Dolan’s interview on Meet the Press with David Gregory. According to Fox News, the Catholics oppose Obamacare and, according to NBC News, the Catholics embrace it.
This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
Ninety years ago, on November 15, 1923, the Great German Inflation came to an end when the monetary printing presses were finally shut down, and the economic havoc came to an end. Its lessons are worth remembering.
Some of those who support government regulation–and most mainstream contributors do so–maintained that being opposed to government regulations is like being opposed to laws. And since laws are necessary for a just society, the inference was drawn that so are government regulations.
Why the concern over President Obama’s Executive Orders? It is human nature that desensitization will creep in as related to frequency, making felt outrage over each successive mandate seem less intense or serious. The result: executive orders are likely to become more frequent and increasingly more extreme in their content in the absence of any serious push back to reign them in.
In other words, global warming is starting to sound a lot like Obama promising that under Obamacare if you like your insurance, you can keep your insurance, or if you like your doctor, you can keep your doctor, or that Obamacare would cause the cost of health insurance to go down, or provide for universal coverage.
All that’s needed is for the right leaders to step forward who understand the importance of all of this, who aren’t all soft answers or hard-edged knife fighters. Why do we accept the premise that the GOP either needs to be all Fredo or all Sonny?
Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.