Franklin D. Roosevelt, 1933: “The only thing we have to fear is fear itself!”
Barack Obama, 2013: “We are in trouble.”
An interesting thing occurred on Tuesday of this week, the first day of the federal government shutdown: All three major U.S. market indexes went up, not down. The Dow Jones Industrial Average climbed more than 62 points, the S&P 500 rose nearly 1% to 1695 and the Nasdaq jumped 1.2%.
That apparently wasn’t the panicked reaction that the Obama Administration expected or desired. Consequently, it…
"The idea that politicians should write laws restricting people critical of them is as perverse as the idea that the sprawling, opaque IRS bureaucracy should be assigned to construe and apply such laws. It is bad enough that there is the misbegotten Federal Election Commission to do what the First Amendment forbids — government regulation of the quantity, content and timing of political speech…[more]