The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Bank Run in Greece = DJIA Rises?

Back in 2009, I started saying that U.S. economic policy was so far into uncharted waters that we’d reached that part of the medieval map where it says, “Here Be Dragons.” There was no precedent for what the Fed and the Treasury were doing, and any attempt to predict what came next was pure speculation because […]

Germans Don’t Grasp Separation Of Church & State, Federalism

by Smitty Mrs. Other Smitty sends a Der Spiegel link that offers an external view of what remains one of the signature issues of this country, ObamaCare: Germans Can’t Fathom US Aversion to Obama’s Healthcare Reform Read the whole thing, but let me answer their section headings: System Only Works if Everyone Takes Part The […]

Perfect Bailout Metaphor Achieved

by Smitty Daniel Hannan on Twitter points to The Telegraph with a story of classical, titanic impact: Maiden voyage of Bronze Age boat founders The crew of a half-sized replica of a 3,500-year-old Bronze Age boat had to abort the vessel’s maiden voyage after it sank as soon as it entered the water. Hannan relates […]

Which Is Worse: Gang-Rape or Racism?

British teens must be grateful their rapists weren’t victims of racism “Individuals opposed to Party rule are selected as targets of disapproval, usually to the point of demonization. Criticism usually extends to allegations of personal corruption, wickedness, or barbarism. Terms used to vilify Party opponents are formulaic, seeming to draw from a lexicon developed for […]

Gaffe-Tastic!

Joe Biden continues to demonstrate his gravitas: “When we took office, let me remind you, there was virtually no international pressure on Iran. We were the problem,” Biden said. “We were diplomatically isolated in the world, in the region, in Europe.” Biden continued, “We were neither fully respected by our friends nor feared by our […]

Memo From the National Affairs Desk: Time to Quit Whining and Get to Work

This will be brief, but expect additions to follow in updates. Rick Santorum is now urging his supporters to get behind Mitt Romney: Rick Santorum has officially endorsed Mitt Romney, and notified his supporters in an email sent Monday night. In the email, the former presidential candidate cited his Friday meeting with Romney in his […]

You Say That Like It’s a Bad Thing

“François Hollande will strike fear into the hearts of the rich,” is the headline on a column by Nabila Ramdani in the British Independent. Permit me to suggest two likely results (a) some genuinely rich people will leave France, taking their wealth with them, and (b) a lot of the “rich” people in France won’t […]

Number One, He’s French

That could also be numbers two through five, but James Poulos is more imaginative with “Five Reasons François Hollande Is Destined to Fail,” and includes this astonishing fact: As Gideon Rachman observes, France “is a country where the state already consumes 56 per cent of gross domestic product, which has not balanced a budget since […]

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