While many are complaining about the recent debt-ceiling deal, is it really the issue? Sure, statists say that the Republicans steered us toward crisis with their initial unwillingness to compromise, while traditionalists complain that the GOP folded and “let us down again.” Our problems, however, lie not in our politicians but in ourselves.
Although I remain something of a talk radio junkie, it has been some time since I recognized that the “conservatism” of the air waves is really nothing of the kind. That is, much to my disappointment, it isn’t “conservatism” that “conservative” talk radio tends to promote but neoconservatism, or at least Republican Party politics (which is for all practical purposes the same thing). Still, I continue to listen to talk radio regularly, and just as regularly find it instructive.
The sight of the former president of Egypt, Hosni Mubarak, lying in a hospital bed in a courtroom cage reminds me of the saying, “how the mighty have fallen.” It could also be said of the United States, “How the mightiest, richest, most advanced capitalist nation in the history of the world has fallen into a bumbling, dysfunctional confused, debt-ridden state run by the most corrupt government in its history.” In the case of Mubarak, it was the Egyptian people who brought the dictator down. In the case of the United States, it was the American people, who put their trust and faith in the hands of anti-constitutional politicians, who brought America down. To put it bluntly: treason is the reason.
"The Fed spoke and financial markets rallied," began the Associated Press report on how the stock market responded after the policy-making panel of the Federal Reserve Board issued a statement Tuesday, saying the federal funds rate (the interest banks charge other banks for borrowed money) would be held to 0 to 1/4 percent through the middle of 2013. The Dow Jones industrial average surged more than 429 points, just one day after its biggest decline since 2008.