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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White House Fails Econ 101. Seriously.

Oh no. I knew that at the root of the failure of President Obama’s economic policies is a failure to understand fundamental economics. You remember a few days ago when the Congressional Budget Office found that Obamacare will induce people to work fewer hours and quit their jobs because with the new benefit – basically a form of unearned salary from the government – it

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Unemployment Benefit Extension Sinking Fast

The White House is pushing aggressively – at least rhetorically – for an extension of expiring long-term unemployment benefits, but it does not appear the bill will emerge from the Senate, let alone the House, where it has virtually no chance, according to Politico. “I hope a few reasonable and empathetic Republicans will join my colleague from Nevada, Sen. Heller, and help us advance this

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Baby Bailout: White House to Send Millions to Detroit

Updated 10:25 am ET Even as the nation sits on the edge of a financial crisis driven by the need to incur more debt, the White House has found $300 million to send to mismanaged, financially beleaguered Detroit, according to CNN. The money is being taken “from programs that are available for cities across the nation, not just Detroit.” The action amounts to a backdoor

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Politico: Grand Bargain All But Impossible

President Obama almost certainly missed his chance to strike a “grand bargain” with Republicans on the deficit, particularly after having taken taxes out of the mix by raising them by $600 billion unilaterally at the beginning of the year, according to Politico. Republicans, according to the piece, are serious when they say they are finished hiking taxes. And that puts Obama, despite his sudden charm

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Woodward is Probably Wrong

Bob Woodward appears to either be mistaken or to have exaggerated when he claimed that a senior White House official – who turns out to have been White House National Economic Council Director Gene Sperling – threatened him in response to Woodward’s statements about the White House handling of the sequester. With the release of the complete emails today by Politico, it is clear that

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Report: Gene Sperling Threatened Woodward

Buzzfeed’s Ben Smith is reporting that a “source familiar with the exchange” said National Economic Council Director Gene Sperling is the senior White House official who berated Bob Woodward for half an hour and then threatened him in an email over his reporting on the sequester. Sperling is a veteran Democratic official who held the same position as NEC Director in the Clinton White House.

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A Wonderful White House Story

Last Monday was a beautiful day in the Rose Garden. President Obama and his Teleprompter began to speak about the American Jobs Act, which they said would create . . . jobs.   The three men ruining running the economy, National Economic Council Director Gene Sperling, OMB Director Jack Lew, and Treasury Secretary Tim Geihtner, listened obediently.   These are their shoes.   Suddenly, Right

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Gene Sperling to the Rescue

President Obama today, as expected, installed Gene Sperling right back where he worked under Bill Clinton, as head of the National Economic Council in the White House. Here’s what Obama said. Part of it is true, part of it is debatable. One of the reasons I’ve selected Gene is he’s done this before. This is his second tour of duty heading up the NEC, and

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The Daley News: Obama May Pick Centrists

The latest murmurings about White House staff changes point to the continuation of President Obama’s move to the center, dictated by a desire to be reelected amid popular discontent with the sharp leftward turn of his first two years. Obama is considering William Daley, brother of the departing Chicago Mayor Richard Daley, to be chief of staff. And the Treasury Department’s Gene Sperling is rumored

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