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

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Obama and His Very own Fat Cat Bankers

President Obama is well known for disparaging big wheel bankers, labeling them “fat cats” and describing their pay as “obscene.”┬áBut what is less well known is the extent to which he has tolerated them as his most trusted advisers. The appointment last month of William Daley to be chief of staff is only the most obvious example of this inconsistency. OK, hypocrisy. Sorry, inconsistency. Daley,

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