The Upside to the Downgrade for Mitt Romney

Let’s review for a moment. The American stock market is cratering.  It’s lost roughly ten percent of its value in the last two trading days.  In fact, by some measures, yesterday was the worst day ever for stock markets worldwide.  Just when the European sovereign debt crisis seems to be easing away, the contagion flourishes [Read More...]

Political Quotes of the Day: Debt-Ceiling and Standard and Poor's Special Edition

I’m going to begin a series that I’ll try to post every day.  It will be called Quotes of the Day.  It will take quotations from both sides of the aisle, and link to some of the better commentary on the day.  The viewpoints represented below are not necessarily (and in some cases obviously not) [Read More...]

Fannie Mae, Freddie Mac, and the Destructive Power of Politically Correct Intentions

A first-rate essay at Philanthropy Daily reports on a book from New York Times reporter Gretchen Morgensen and housing finance expert Joshua Rosner, Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.  Although it comes with immaculate center-left credentials, it places the blame for the cratering of the housing market — and [Read More...]

Morning Links: Obama's Crumbling Base, Rod Dreher, Andrew Ferguson, Scot McKnight, and Higher Education

In the News 1.  “New Polls Confirm Obama’s Democratic Base Crumbles.”  Michael Warren comments. 2. Andrew Ferguson with a rather devastating portrait of Jon Huntsman. 3.  Why are conservatives such a minority at so many graduate schools? 4.  Rod Dreher with an excellent piece on Anders Breivik and his “Christianity,” which makes some similar points [Read More...]

Will Democrats Cave in Order to Avoid Revisiting the Debt Ceiling Before 2012? – UPDATED

[Note: See Update Below] I did not wake up this morning expecting to be impressed by the clever political maneuvering of John Boehner.  If I correctly interpret the events of the past few days, however, then count me impressed.  I suspect that Boehner might have cornered Democrats, so they will have to make major concessions [Read More...]