As Barack Obama nears 100 days in office, major newspapers take notice. Yet what a difference a turn of the phrase makes. First, Michael Riley leads off his "Potent voice of change" on the front page of today's Denver Post:One hundred days into his administration — forced by events and prodded by his own driving leadership style — Barack Obama has brought change to Washington that is bigger, bolder and far more risky than anything he articulated in his historic campaign. What's another way of saying that? Let's ask the editors of the Washington Times:Perplexed about complaints over Mr. Obama's expansion of government, Newsweek editor Jon Meacham asked: "does no one listen during campaigns?" It was these pundits who weren't … [Read more...]
How Deep is This Recession? Is It Really the Worst Crisis in 70 Years?
At American Thinker, Randall Hoven uses some firsthand research of federal statistics to turn down the volume on the alarm of economic "crisis". Hoven shows that while the current recession has not yet quite reached its peak, on several major measures it's not as bad as several others since World War Two:So simply going by averages, this recession should end this year, maybe even in this quarter or the next. If things go bad, or no worse than in the last 60 years, we might not pull out of it until late this year, with lousy employment figures lagging into 2010. By the way, none of the previous recessions was ended by the government spending a trillion dollars. Our current deficit is projected to be 7% of GDP or more. The deficit never … [Read more...]