Western Illinois University econ professor William J. Polley notes this exchange from the Bernanke hearings last night:
Sen. Sarbanes held up a chart showing how our unemployement rate is so much lower than Europe’s…and of course he reminded us that the European Central Bank has an inflation target. Mr. Bernanke’s response: “Senator, it was below that rate 20 years ago before the ECB was even created. I believe there are other factors that contribute to that difference.”Bernanke was too polite to expound on those factors — i.e., policies that Sarbanes has spent his political career fighting for.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?