In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR
It’s worse than anyone thought. Economic growth in second quarter of 2011 is just 1.3 percent – a half percent less than expected – and the estimate for the first quarter of 2011 was revised downward from 1.9 percent to 0.4 percent – essentially no growth. Technically, a recession is two quarters in a row of negative growth. You don’t have to be a mathematician
I wanted to share with you this piece I did for POLITICO, which is running today. The point of it is that it doesn’t matter too much who wins or loses in the short term on the debt ceiling – Obama already loses. From the piece: What the debt ceiling imbroglio confirms for many Americans is that they are living in a world turned chaotic,
House Republican leaders delayed until at least Friday a white-knuckle vote on legislation designed to ease the nation’s debt crisis, after hours of scrambling in vain to lock down the last votes needed for passage. Boehner’s speakership may be on the line. Senate Democrats were talking compromise, saying they would essentially take the Boehner bill but without the requirement that recommendations from a new commission be
“Thank God. Just a few more weeks and I can start sharing in the sacrifice on Martha’s Vineyard.” – Barack Obama A note from our attorneys: This is not a real quote.