Who killed the U.S. auto industry? To hear the media tell it, arrogant corporate chiefs failed to foresee the demand for small, fuel-efficient cars and made gas-guzzling road-hog SUVs no one wanted, while the clever, far-sighted Japanese, Germans and Koreans prepared and built for the future. ...
Understandably, Republicans are seething. When Hank Paulson demanded $700 billion to haul away the trash in the dumpsters of JPMorgan Chase and Goldman Sachs—assuring us we could hold a garage sale of the junk—they rebelled. They acted as the nation, by 100 to one, demanded. They ...
“Laissez-faire is finished, the all-powerful market that is always right, that’s finished,” said Nicholas Sarkozy, speaking ex cathedra, last month. As a result, said the diminutive French president, it is “necessary to rebuild the entire global financial and monetary ...
For decades, before a heedless congregation, some of us have preached the old Hamiltonian gospel. Great nations do not have trade partners. They have trade competitors and rivals. Trade surpluses are superior to trade deficits. Tariffs on foreign goods are preferable to taxes on U.S. producers. ...
Why did John McCain lose? Let’s start with those “headwinds” into which he was flying. The president of the United States, the leader of his party, was at Nixon-Carter levels of approval, 25 percent, going into Election Day. Sixty-two percent of the nation thought the ...
After losing control of the Senate and 30 House seats in 2006, the GOP is bracing for losses of six to nine in the Senate, and two dozen to three dozen additional seats in the House. If the party “were a dog food,” says Rep. Tom Davis, “they would take us off the shelf.” ...
If Barack Obama is not a socialist, he does the best imitation of one I’ve ever seen. Under his tax plan, the top 5 percent of wage-earners have their income tax rates raised from 35 percent to 40 percent, while the bottom 40 percent of all wage-earners, who pay no income tax, are sent ...
Undeniably, a powerful tide is running for the Democratic Party, with one week left to Election Day. Bush’s approval rating is 27 percent, just above Richard Nixon’s Watergate nadir and almost down to Carter-Truman lows. After each of those presidents reached their floors—in ...
Perhaps the only institution in America whose approval rating is beneath that of Congress is the media. Both have won their reputations the hard way. They earned them. Consider the fawning indulgence shown insider Joe Biden with the dripping contempt visited on outsider Sarah ...
Was race a factor in the decision of Colin Powell to repudiate his party’s nominee and friend of 25 years, Sen. John McCain, two weeks before Election Day, and to endorse Barack Obama? Gen. Powell does not deny it, contending only that race was not the only or decisive factor. ...
