Over the past weekend Steny Hoyer (D-MD), the House Majority Leader, gave one of the most expansive and surprising speeches of the year. State-of-the-Unionesque in scope and partisan tone it nevertheless laid out some interesting ideas for debate. On one top tier issue Mr. Hoyer hit the nail on the …
Just what Kool-Aid are they drinking in the White House? The question is occasioned almost daily now, but today’s issue isn’t Afghanistan, the oil spill, or health care reform. The Kool-Aid question arises today in the antics leading up to the upcoming G-20 meeting in Toronto. According to press reports, …
The Washington Post reported today that the International Monetary Fund and various world governments warned U.S. officials years ago that “escalating financial problems” in the United States “had to be addressed quickly to forestall a larger threat to the world economy, but those urgings were discounted.” The Post went on …
There’s nothing funny about the state of America’s finances, or those in even more dire straights in Europe. Greece has lined up a bailout from other European countries and the International Monetary Fund. The European Union has announced a trillion dollar defense fund to ward off attacks on the Euro …
Germany has taken the clear lead as the European sovereign debt crisis unfolds. This is an obvious outcome because of Germany’s relatively tight rein on government deficits and its policies that have made it Europe’s toughest competitor. Germany’s clear ascension is both good news and bad for Europe, and a …
In his latest New York Times column, Paul Krugman manages to make some useful observations before slipping into his usual role of distorting propagandist. His most important observation is in his title, “We’re Not Greece”. For that matter, we’re not Portugal or France, either, for all of which we can …
The typically staid pages of the Washington Post Business Section were graced this morning with subtle humor from the virtual pen of the ever-sober, oft sagacious Steven Pearlstein. In a piece titled “Keeping an open mind on solutions to the budget deficit”, Pearlstein neatly lays out the argument one typically …
