In defending the Federal Reserve against what CNBC considered to be “an unprecedented level of attacks,” former Fed governor Frederic Mishkin said it was because of the Fed’s inability to “articulate a clear message regarding its trillion-dollar monetary policies”:
The latest outburst from a doyen of what's deservingly termed "lamestream media" is further proof of the senescence of “big three” television news. In fact, there was a strange sense of a circling of the wagons as Ted Koppel took to the pages of the Washington Post in a November 14 editorial. Koppel engaged in public handwringing over the absence of "objectivity" from cable news broadcasts — as if the memory of decades of liberal bias at ABC News and the Post would be washed away by one more invocation of the tired myth of unbiased journalism.
Daniel Van Pelt, a former member of the New Jersey State Legislature, has been given 41 months in a federal prison for accepting at $10,000 bribe to help a developer get the environmental permits needed for construction along the coast of New Jersey. Undercover FBI informants provided the evidence needed to convict Van Pelt.
Lately, even many soi-disant conservatives are calling for the drafting of a new constitution. Many believe that the government that has developed from the matrix established by our Founding Fathers has encroached too far into the sovereignty of the states and the people and will never retreat, no matter how fierce the battle waged by zealous constitutionalists. Proponents of this solution advocate the calling of an Article V convention for the purpose of restoring balance to the federal system that has proven so fertile to the growth of big government. The Constitution of 1787 delenda est! they cry.