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"). ...
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."
On Nov. 22, with the national media focused on the 50th anniversary of former President John F. Kennedy's death, few noticed the story of a jury in North Carolina convicting Crystal Mangum of murder in the 2011 kitchen stabbing death of her boyfriend Reginald Daye. Why should that fact fixate the national media?
I try to avoid religious commentary, but - Good God! What is it about confession that the Catholic hierarchy can't seem to grasp?
"In space, no one can hear you scream" was the tag line for Ridley Scott's breakthrough 1979 sci-fi flick, "Alien." With the Federal Communications Commission's decision to revisit its 22-year ban on using cellphones in flight on passenger planes, that could change.
In 1992, in Planned Parenthood v. Casey, the United States Supreme Court reaffirmed its decision in Roe v. Wade holding that a woman has a constitutional right, grounded in the right to privacy, to decide whether to carry a pregnancy to term. That right, of course, is not - and never has been - absolute or unlimited. States may restrict that right (often in the name of protecting the woman's health) as long as the ...
"Iran's Nuclear Triumph" roared the headline of the Wall Street Journal editorial. William Kristol is again quoting Churchill on Munich.
By 1968, Walter Lippmann, the dean of liberal columnists, had concluded that liberalism had reached the end of its tether.
If you doubt that big money and lies can pervert elections, look at Initiative 522 in Washington State. A grassroots coalition of consumers, organic producers, environmentalists, and others who want honesty in food labeling put it on the ballot. They lost.
Asked whether she needed to apologize to the formerly insured who have lost their health insurance plans, former House Speaker Rep. Nancy Pelosi, D-Calif., said, "Did I ever tell my constituents that if they liked their plan they could keep it? I would have if I'd ever met anybody who liked his or her plan. But that was not my experience."
House Minority Leader Nancy Pelosi told "Meet the Press" on Sunday, "Democrats stand tall in support of the Affordable Care Act." Not in her backyard - in the nearby delta counties, some Dems are trying to distance themselves from Obamacare.
Chaos. "The whole mess has thrown the country, millions of people, the insurance market, into chaos," wrote Paul Palumbo, one of the million Californians who were notified that because of the Affordable Care Act, their Blue Shield plans would end Dec. 31.
Knowing that the strikes by unionized BART employees this year created such significant hardships for hundreds of thousands of California commuters, it's time that something be done to put an end to transit strikes that disrupt public transportation. Each time the battle ensues between the BART employees' union and BART management, commuters who rely on BART trains are forced to navigate lengthy alternative transportation routes and the economy loses $70 million a day. This creates ...
Berkeley City Councilman Jesse Arreguin has recommended that the city ban smoking in single-family homes. Councilwoman Susan Wengraf, who supports an ordinance to ban smoking in multiunit dwellings, is appalled.
"If you like your health insurance, you can keep it. Period." Those words will haunt Barack Obama through the remainder of his term and probably achieve eternal life in books of memorable quotations.
Have you ever heard of the rabbit hunter's nightmare?A guy dreams that he and a few of his buddies have fanned out across some brushland to scare-up and shoot a few hares. They kill a couple, but then, one of the hunting buddies who'd headed down a slope into a thicket on the right suddenly comes bolting up the slope, all wild-eyed and screaming at the others: "Run, run - the rabbits have guns!"