Mention Gov. Arnold Schwarzenegger -- you need only say his first name -- and many Californians respond with a long sigh, then with words like "squander" or "waste" or "missed opportunity." Those in the political class look at Schwarzenegger and see what might have been.
In 1981, Ronald Reagan's ideologists pronounced his attack on the welfare state an expression of the "new federalism." It wasn't that they were against helping the poor and the needy, but that the federal government was the wrong branch of government to do it. Even the president talked about it. People, myself included, wrote papers.
Here’s my latest Money Politics message: the midterm elections are going to be crucial in determining the outlook for pro-growth, free market policies includes lower taxes, lower spending, ending bailouts and diminishing federal control over our economic freedom.
A year ago, I was privileged to be one of several guests at a dinner with President-elect Barack Obama. One thing that struck me and others, aside from his courtesy and fluency, was his air of self-confidence.
What a difference a day makes. Two Democratic senators, both likely reelection losers, throw in the towel. The incumbent Democratic governor of key swing state Colorado shocks everyone by declining to run for a second term. And the all-but-certain Democratic nominee for governor of Michigan, Lt. Gov. John Cherry, drops out because he can't raise money.
With polls showing that Connecticut Sen. Chris Dodd would probably lose to most everyone running against him, the Democrat's decision not to seek re-election is a relief to all but his Republican opponents. A Senate seat from true-blue Connecticut isn't something Democrats should have to worry about. They've already got enough on their hands dealing with the state's other senator, independent Joe Lieberman.
We got to the airport two hours early. My daughter made fun of me. Maui is not a likely terrorist target. Then again, the president was about one minute away in Oahu, and so was Rush Limbaugh, so who’s to say for sure? The thing about terrorists is that they strike when and where you don’t expect them.
Over the Christmas holiday, I read a couple of books that, at least for me, may provide some guidance in the upcoming tumultuous and probably consequential year. The first book was "Munich, 1938" by David Faber (grandson of former British Prime Minister Harold Macmillan), by far the most authoritative book on that world-changing event.
Inside the House and Senate health care bills lurks a ticking time bomb -- a new federal entitlement, under the Community Living Assistance Services and Supports (CLASS) Act, which would allow Americans to buy into a voluntary federal long-term care insurance program.
The midterm elections this November have spawned midyear panic, largely by Democrats. With their majorities in the Senate and House, Democrats have the most to lose. And historically, the president's party sheds congressional seats at this point in the electoral cycle.
Most Americans already have health care insurance, but many middle-class Americans are afraid of losing what they have.
It looks like a happy new year for you -- if you're a public employee.
To paraphrase Yogi Berra, the bubble's not over till the last drop splatters. That is certainly the case with the housing bubble. Home prices that seemed to be strengthening over the summer have again slipped, according to the S&P Case-Shiller index. Neither low interest rates nor a fat tax credit for homebuyers has changed this reality.
Despite the historic expansion of the federal government’s involvement in, intervention in, and control of the economy — including Bailout Nation; takeovers of banks, car companies, insurance firms, Fannie, Freddie, AIG, GM, Chrysler, and GMAC; large-scale tax threats; overregulation; an attempted takeover of the health-care sector; ultra-easy money; a declining dollar; and unprecedented spending and debt creation — despite all the things that would be expected to destroy the economy — all this socialism lite and the degrading of incentives and rewards for success — despite all this, the U.S. economy has not been destroyed.
During the 1980’s, Colombian drug lord Pablo Escobar built a global cocaine cartel of unrivaled power and influence based on a simple philosophy, Plato O Plomo.
Now is the time for those of us on vacation to start talking ourselves back onto the planes we have to board to get home. Here I am in paradise -- actually, the Grand Wailea in Maui, which looks like paradise to me -- and around the pool and on the beaches, almost everyone is squinting into BlackBerries and iPhones trying to figure out exactly what is going wrong in the rest of the world.
Franklin Roosevelt was famous for being able to give people on all sides of a policy dispute the impression that he supported each person's position. Such artfulness helped him manage domestic politics for 12 years in the presidency. Similarly, President Obama wrote in his book "The Audacity of Hope" that "I serve as a blank screen on which people of vastly different political stripes project their own views. As such, I am bound to disappoint some, if not all, of them."
U.S. Rep. Jason Chaffetz proudly championed a measure last spring that bans whole-body imaging as a primary screening technique at airports. "You don't have to look at my wife and 8-year-old daughter naked to secure an airplane," the Utah Republican said.
Gosh darn, I feel great to live in a country that gives full constitutional rights to a foreign national who, on a flight from Amsterdam to Detroit, was tackled by passengers and crew as he reportedly was trying to blow up the plane.
Every year roundabout Christmastime, the Census Bureau releases its population estimates for each state for the 12 months ending on July 1. The numbers look dry on a sheet of paper (or on an Excel spreadsheet on your computer), but they tell some vivid stories. The more so when they reflect, as the numbers for 2008-09 do, the effects of a sharp downward shift in the nation's economy.
