One of the reasons why the great depression lasted much longer than previous recessions, all economists agree, is the Smoot-Hawley Tariff in 1930. Trade restrictions are bad but they are especially bad in times of recession and depression.
Well it seems like Obama will get his first real test in office: will he pander to the […]
Archive for February, 2009
Feb4th2009
Feb3rd2009
Certainly not renditions, the LA Times reports:
Under executive orders issued by Obama recently, the CIA still has authority to carry out what are known as renditions, secret abductions and transfers of prisoners to countries that cooperate with the United States.
Current and former U.S. intelligence officials said that the rendition program might be poised to play […]
Feb2nd2009
Christopher Caldwell, writing in the Financial Times, writes:
The stimulus will be expensive, more expensive than the Iraq and Afghanistan wars combined and Nancy Pelosi, Senate majority leader, has called it a mere “down payment”. The stimulus bill, whether it succeeds or fails, could be the Democrats’ Iraq. Like Iraq, it is a long-standing partisan project […]
