Looking For A New Fall Guy

June 1, 2010

With unemployment as high as it is, you would think somebody would be interested in the Obama administration’s help wanted ad seeking a new national intelligence chief. But, having seen the way the president and his lackeys treated the recently departed Dennis C. Blair, nobody is rushing to take the job. What the president really seems to want is someone unsullied by past failures who can take the fall the …

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The Longest Year

December 31, 2009

The year that ends tonight has been the longest of my life. For me — and for a lot of other people — it began on Sept. 15, 2008. That was the day Lehman Brothers collapsed, Merrill Lynch and American International Group teetered, and the world looked into an economic abyss. Everything we thought we knew about our financial lives was called into question, from how to determine the value …

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Ben The Boogeyman

December 11, 2009

With unemployment in double digits and elections less than a year away, the search for an economic boogeyman is in high gear on Capitol Hill. Meet Ben Bernanke, chairman of the Federal Reserve. President Obama’s nomination of Bernanke for a second term, together with financial regulatory reform proposals from both the administration and Congress, have given lawmakers a chance to blame the Fed for current conditions and to try to …

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Loose Change

December 8, 2009

You know that good feeling you get when you put on your warm jacket for the first time in the season, reach into the pocket and find a $20 bill you didn’t know you had? President Obama knows that feeling. Just when he was under pressure to do something — mainly, to spend money — to reduce unemployment, his administration reached into the pocket known as TARP and pulled out …

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Legislation by Intimidation

August 21, 2009

Proponents of government-run health insurance are having a hard time finding friends. With even President Obama now expressing doubts about the idea, its advocates apparently have decided to look for enemies instead. On Wednesday, 52 insurance companies received a letter from House Energy and Commerce Committee Chairman Henry Waxman, D-Calif., and Representative Bart Stupak, D-Mich., who chairs the Committee’s subcommittee on oversight and investigations. The lawmakers asked for the names …

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