About 30 years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy and cared not one wit about rising interest rates. And it worked. Gold plunged, King Dollar soared, and the drop-off in bank reserves and money extinguished high inflation - and actually launched a multi-decade period of very low inflation.
Maybe comparing Republicans to Nazis started with the 1964 Goldwater/Johnson presidential race.
I will never forget the phone ringing on that sunny September morning and my friend Annie telling me to turn on the television because the world was going to hell. My children, then 8 and 11, woke up a few minutes later to see me staring at the images of the planes hitting the towers.
What a good day it is, for only five years after that ugly Wall Street collapse, the Dow Jones Average has soared back above 13,000 and top executive paychecks are at Zippididoodah levels. The only little cloud over this otherwise sunshiny recovery is… well, you. You people for whom Labor Day is named, that is.
The conventions have come and gone, but as always, the TV network "news" coverage of Tampa and Charlotte demonstrated once again that these people have no intention of trying to be equally positive or equally aggressive with the two major parties. Their obvious, but unstated, agenda is to drag Obama over the finish line to re-election.
You've heard of the "October surprise," where candidates hold onto something negative about their opponent, then spring it at the last moment so the opponent won't have time to respond much before Election Day?
While Rep. Todd Akin's pseudo-scientific tommyrot about "legitimate rape" has surged him into the lead for the title of Dottiest and Most Dangerous Political Nut of the Year – never count out us Texans in any hard-nut contest.
The authors of the Democratic platform have inadvertently revealed to the world the sea change that has taken place in that party we once knew.
Perhaps the reason for President Obama's flat and energy-less speech Thursday night - TV cameras panning the convention floor actually showed delegates falling asleep - was that he already knew Friday's jobs numbers were going to be a disaster. The August unemployment report completely punctured his argument that if you just give him four more years, his policies will solve the economy.
CHARLOTTE, N.C. - "First shot, straight through, that's how you perform under pressure," Barack Obama said in 2008. They played the quote with a video clip of Obama making a basket at the Democratic National Convention on Thursday.
Back in 1988, we had what we thought was a great new idea. There was only one slot for a keynote speech at the Democratic convention on Monday night, but we had two great candidates for the job. One was the late Ann Richards, then the treasurer of the state of Texas and a candidate for governor, famous for her wit and wisdom (remember: George Bush was born "with a silver foot in his mouth"). The other was the governor of Arkansas, a young star of the party, a charismatic speaker, a southern moderate and a good friend. We needed ...
CHARLOTTE, N.C. - "The Democratic Party strongly and unequivocally supports Roe v. Wade and a woman's right to choose a safe and legal abortion, regardless of ability to pay, and we oppose any and all efforts to weaken or undermine that right." So reads the 2012 Democratic National Committee platform.
The case for re-electing President Barack Obama rests on five arguments, the most important of which is that Romney/Ryan represent sexism, racism, homophobia and fascism.
Back in years like 1936 and 1972, when California was in the midst of serious recessions, no Republican presidential candidate or surrogate would have dared bash California the way Mitt Romney, Sarah Palin, Peggy Noonan and others lately have.
"They lie, and they don't care if people think they lie," California Democratic Party Chairman John Burton told reporter Joe Garofoli before a state delegation breakfast Monday. Burton even brought up that "as long as you lie, Joseph Goebbels, the big lie, you keep repeating it, you know."
Downtown San Francisco feels like a large public toilet without enough janitors. More than once this year, I've seen men drop their pants in public places - including at Fifth and Market - to leave a smelly mess on the sidewalk. You can walk for blocks and never escape the stench of stale urine. At lunchtime, I see street people passed out on high-traffic sidewalks, and I am afraid to walk around them.
"Natural law - God's law - will always trump common law," said Alveda King, niece of Dr. Martin Luther King Jr., and a Christian leader in her own right, "God will have the final word in this matter."
San Francisco changed America. When then-Mayor Gavin Newsom opened City Hall to same-sex marriages during the 2004 Winter of Love, he had determined to "put a human face on discrimination." The long line of couples eager to tie the knot appealed to the public's romantic side. When two people are in love and want to commit to each other for the rest of their lives, activists asked, how can the government say no?
At last, America's political leaders now feel the pain of the poor and empathize with the millions of working families slipping out of the middle class.
The judicial decision to uphold all of the president's health care subsidies may be very disappointing, but the economics of Obamacare are far worse than whatever constitutional mistakes have been committed by the Supreme Court.
"I will never be able to hold her again, but I forgive you."
Almost immediately after a white killer gunned down nine black worshippers at a historic church in Charleston, South Carolina, out came the politics.
DEAR DR. ROACH: As a preventive measure for prediabetes, my doctor recommended I take 500 mg of metformin twice a day (morning and evening). I have been following this regimen for two months. The same day I started the medication, my night sweats started up again, with a vengeance. On the metformin, my quality of sleep was negatively affected by four to five episodes of bad hot flashes every night. Since hot flashes/night sweats were not mentioned as a side effect either by my doctor or on the information pamphlet, I notified my doctor. He suggested stopping the metformin ...
When SB 128, which would legalize physician-assisted suicide for terminally ill patients, passed the California Senate, supporters hailed the measure's success as a sign of its inevitability. And what Democrat in this heavily left-leaning Legislature wants to be on - say it slowly - The Wrong Side of History?
There's nothing as depressing as asking young people whether they plan to participate in the election and hearing them tell you they have no idea which candidate to be for or what the differences are or, worse, that it doesn't matter. What do you do with such a person? Can you really force someone to sit down and read a voter's guide? And what would they learn if they did? Probably more about what's wrong with their opponents than what's right about their candidates.
It is fitting, if late, that South Carolina's political leaders seem ready to evict the Confederate flag from the grounds of their state Capitol in response to the vile shooting that left nine African-Americans dead in Charleston's Emanuel AME Church last week. In a Monday news conference while flanked by Democrats and fellow Republicans, Gov. Nikki Haley noted that many in the Palmetto State see the Confederate flag as a tribute to their Southern roots but said, "Today we are here in a moment of unity in our state, without ill will, to say it's time to ...
DEAR DR. ROACH: My 18-year-old daughter at college has severe acne that has not improved with OTC or prescribed topical treatments. Her dermatologists discussed the option of oral treatments, including the drug isotretinoin, which can have severe side effects.
In his seventh year of "fundamentally transforming the United States of America," as Barack Obama memorably promised five days before he was elected president, we're learning new details about thousands of immigrants who were released from custody after being convicted of serious violent felonies and horrific sex crimes. Instead of doing his duty to keep bad people out of America (or remove them if they manage to sneak in), Obama is bringing us even more diversity by accepting thousands of refugees from terrorist-harboring countries such as Syria and Somalia.
Let's now praise a threesome of odd bedfellows: a Democratic ex-senator, an exiled American citizen, and a current Republican senator.
DEAR DR. ROACH: Is it true that someone who takes antacids every day is more likely to get cancer of the esophagus? -- D.R.