Kudos to The New York Times for exposing the truth-challenged Attorney General Richard Blumenthal of Connecticut, a Democrat running to become Connecticut’s next U.S. Senator. Mr. Blumenthal has been saying that he had served in Vietnam when, in fact, he never did. Instead, he received five military deferments and ended up enlisting in the Marine [...]
Under growing pressure from conservatives and “tea party” activists, Sen. John McCain of Arizona is having to defend his record of supporting the government’s massive bailout of the financial system. In response to criticism from opponents seeking to defeat him in the Aug. 24 Republican primary, the four-term senator says he was misled by then-Treasury [...]
The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt [...]
An arm of the Federal Reserve, then led by now-Treasury Secretary Timothy Geithner, told bailed-out insurance giant AIG to withhold key details from the public about overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs. The sordid tale unfolds in a series of e-mails [...]
Today, leftist magazine TIME announced the “Person of the Year” 2009. Although I’m sure they took several conservatives into consideration, the title went to…
Federal Reserve Chairman Ben Bernanke.
So what did Bernanke do to deserve this honor? Well, not much, really, except for, you know, prolonging the economic crisis and drastically increasing the size of the [...]