Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: “This nation is on a course where if we don’t do something about it, get … fiscal policy (under control), we’re Greece.” The remark was regarded as …
“The Disappearing Black Middle Class” ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering. In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households. By 2009, the …
As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Lindsey had committed candor, and the stunned Bushites came down on him with both feet. “Baloney,” said Donald Rumsfeld. …
In deciding to pull all of the 30,000 troops from the surge out of Afghanistan, six weeks before Election Day 2012, but only 10,000 by year’s end, President Obama has satisfied neither the generals nor the doves. He has, however, well served his political interests. A larger drawdown would have …
“The most successful alliance in history,” it was called at the end of the Cold War in which NATO, for 40 years, deterred the Red Army from overrunning Berlin or crashing through West Germany to the Channel. And when that Cold War was over, Sen. Richard Lugar famously said, “Either …
Seventy-one years ago this spring, after the German army had broken through the French lines, British Prime Minister Winston Churchill flew to France to consult his embattled allies on how to stop the advance. “Where is the strategic reserve?” Churchill urgently asked the French commander in chief, Gen. Maurice Gamelin, …
At the G-8 summit in Deauville, France, the news was dramatic, delivered by Nicolas Sarkozy of France and Barack Obama. To sustain the Arab Spring, America, Europe and Japan will provide $40 billion in fresh foreign aid for Arab nations that take the democratic path. The $40 billion breaks down …
Not since Nikita Khrushchev berated Dwight Eisenhower over Gary Powers’ U-2 spy flight over Russia only weeks earlier has an American president been subjected to a dressing down like the one Barack Obama received from Benjamin Netanyahu on Friday. With this crucial difference. Khrushchev ranted behind closed doors, and when …
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