November 04, 2007
This is from the front page of Friday's Financial Times: "New fears over subprime fallout." Well, that was in the morning; and by the 4 o'clock close the three FT exemplars of very troubled financial institutions had gone down some more. Citigroup by 7% on Thursday and another 2% on Friday to $37, down from a year high of $57. But the real damage was in the two main insurers of municipal bonds, Ambac, which was down 20% for the day, has virtually collapsed over the year from $96 to $23, with the prospects of death coming closer; and MBI (about which I have written before),
November 02, 2007
What's Your Problem?
Can conservatism be heroic? PETER BEINART is editor-at-large at The New Republic, a senior fellow at the Council on Foreign Relations, and the author of The Good Fight (HarperCollins). JONAH GOLDBERG is editor-at-large of National Review Online and a contributing editor to National Review. By Peter Beinart & Jonah Goldberg
License to be Killed
WASHINGTON -- More significant than Hillary Clinton's supposed gaffe at the end of this week's Democratic presidential debate is the subject around which she tiptoed so delicately: Immigration is the issue Democrats fear because it could leave them with a set of no-win political choices.Examined on its face, Clinton's statement on New York Gov.
What Does Robert Rubin Think?
Robert Rubin is a very accomplished person. He is smart, he is honorable and he thinks for the long haul. That's certainly how he behaved as Secretary of the Treasury (and how he also behaved during the ugly fracas over Larry Summers at the Harvard Corporation). Certainly people have been wondering what he thinks about the disaster that is now unfolding in the credit crisis and about how dishonestly the rating business has been pursued. It's not an abstract curiosity. Citigroup has been dragged down by these events, and Robert Rubin is a big player in Citigroup, which the Wall Street Jour
Rnc Goes After Hillary
Hunting Season: [Alexander Mooney, CNN]: “The Republican National Committee is out with an ad titled ‘Hillary Clinton: Long on rhetoric, short on answers,’ that edits together several different Washington pundits expressing criticism of the New York Democrat's answers at Tuesday's debate.” Millionaires’ Club: [Nicole Brennan, The Hill]: “With former Massachusetts Gov. Mitt Romney (R) spending millions on his White House bid, lawmakers on Capitol Hill are weighing the possibility of adding a ‘millionaire’s amendment’ to presidential campaign finance reform measures.
The Fight Is Personal
The new Edwards TV spot, in which John cites Elizabeth's breast cancer as making the couple all the more committed to their White House run, will once again have some folks charging that the candidate is exploiting his wife's terminal illness for political gain. Maybe. But this criticism seems to miss the fundamental nature of the Edwardses's relationship to politics. Whatever John's ego and ambition (and obviously a run for POTUS requires massive amounts of both), these people need politics. Not in the politics-defines-me way that Bill Clinton needs it.
Gratuitous Alliteration Friday
Donkey Dilemma [Janet Hook, Los Angeles Times]: "More than two decades after presidential candidate Walter F. Mondale called for tax increases--and lost the White House in a landslide--the Democratic Party is on the verge of a major political gamble: Some of its leading members are proposing an array of tax hikes on wealthier Americans.
November 01, 2007
Take the FDR
This November 8 marks the seventy-fifth anniversary of Franklin Roosevelt’s election as president of the United States. Chosen to resolve the worst non-military crisis in the nation’s history, Roosevelt led the country through the Great Depression as well as its greatest military crisis since the Civil War. Americans have memorialized him on the dime and in Washington, DC. Yet for some reason Republicans want to run against his legacy. It’s a fight Democrats should let the GOP pick.
What's Your Problem?
PETER BEINART is editor-at-large at The New Republic, a senior fellow at the Council on Foreign Relations, and the author of The Good Fight (HarperCollins). JONAH GOLDBERG is editor-at-large of National Review Online and a contributing editor to National Review. By Peter Beinart & Jonah Goldberg
The Bill Clinton Defense
Richard Wolffe has an interesting nugget in Newsweek about Clinton's plan to defuse the attacks headed her way: But Clinton's campaign is honing its counterattack. Her aides say the opposition isn't just attacking Hillary but also impugning her husband—a tack they're confident will turn off most Democrats. "I don't think there's a very large constituency in the Democratic Party for that," says Clinton's communications director, Howard Wolfson.