According to this CNN report, three-quarters of the American people now believe we are in a recession. Even economically, perception can become reality. Politically, it can become a disaster. By the time the 1992 presidential election rolled around, the 1990-91 recession had technically been over for nearly eight months. Bill Clinton was still able to run as if we were in recession, pointing to lagging income and job growth as signs that we were faced with the worst economy since the Great Depression (even though technically we weren’t).
So who do we have running for president? As syndicated columnist Stephen Chapman points out, three people who are basically clueless about fiscal and economic policy. What are we likely to get? A stimulus package here, a tax hike there, lots of new spending, and cries for more liquidity. Good times.
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?