Happy Market Meltdown Monday!

So, what did we learn this weekend (besides the fact that Sarah Palin is the spiritual reincarnation of Richard Nixon and John Sidney McCain III has, according Howard Wolfson, jumped the shark)? Well, the European banking crisis is spreading; US bank failures are expected to increase in ’09; US...

“Accountability…is not, in every case, a virtue”

Mike Allen of The Politico quotes from Ron Suskind’s new book, The Way of the World: “After the searing experience of being in the Nixon White House, Cheney developed a view that the failure of Watergate was not the break-in, or even the cover-up, but the way the president had, in essence, been...

“Constraint is Intolerable”

Andrew Bacevich, reviewing Jane Mayer’s new book The Dark Side: That fear should trump concern for due process and indeed justice qualifies as a recurring phenomenon in American history. In 1919, government-stoked paranoia about radicalism produced the Red Scare. After Pearl Harbor, hysteria mixed...