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."
With the Islamic warriors of ISIS having captured all the border posts between Iraq, Syria and Jordan, we may be witnessing the end of Sykes-Picot.
In November of 2002, Washington Post reporter-editor Bob Woodward unveiled excerpts of his latest book, "Bush at War," and caused a big stir by revealing that Fox News boss Roger Ailes had sent a confidential memo to the George W. Bush White House after 9/11 insisting the president stay tough against the terrorists.
There is no more endangered figure in America than the black man.
It's time to pass the hat for Hillary Clinton. The former secretary of state has tried to distance herself from her weeks-ago assertion that after husband Bill left the White House, the couple were "dead broke." She told PBS that the line was "inartful," but only after she told a British paper that she does not count herself among the "truly well-off." Nobody knows the troubles she's seen.
The New York Times reports that House Majority Whip Kevin McCarthy is considered "the best hope" to win passage of a comprehensive immigration reform bill in Congress after he becomes majority leader in July. It's sort of quaint how the Gray Lady wants to believe in miracles.
Obama administration officials trekked out to a tiny rural community in southern Virginia to teach the local yokels a thing about immigration policy. Yet the lessons learned were not by the local farmers but by the bureaucrats who got more than an earful in protests against placing illegal aliens in their small town of Lawrenceville.
The panic that engulfed this capital after the fall of Mosul, when it appeared that the Islamist fanatics of ISIS would overrun Baghdad, has passed.
"Reinvigorating the leadership" is how one senior House staffer described the ascendency of Steve Scalise, the Louisiana Republican who won a first-ballot victory for the position of GOP whip. The staffer went on to portray Scalise as not a member of the Washington establishment. Indeed, Scalise is a former chair of the Republican Study Committee, the conservative caucus in the U.S. House. He has had a meteoric rise, and he is someone to be reckoned with.
How's this for a punch line? You stage a rebellion to get rid of Eric Cantor, who is on his worst day (to critics on the right) a very conservative _guy who relishes hardball tactics, and he gets replaced by a pragmatic moderate from California. You call this victory?
The U.S. Patent and Trademark Office found its way to the front page by declaring the word "Redskins" was offensive and therefore unworthy of trademark protection under a 1946 law that proscribes trademarks for "immoral, deceptive, or scandalous matter."
The first time I ever went "online" to do a search on the "World Wide Web" (yes, we used to call it that), I figured I'd pick a subject I knew a lot about and see what was there. So I typed in the word "rape" - a subject I learned about the hard way many decades ago and have been teaching and writing about for the past 30 years. To my surprise and horror, what popped up on my search were not sites aimed at providing resources or support for the victims of rape, but one horror story site ...
"Pee in a cup" is a phrase you should prepare to hear frequently this election season. A requirement that doctors be subject to random drug and alcohol testing is the curb-appeal provision in a measure that will be on the California ballot in November.