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…
"What a small and politically vicious man New York's new mayor is. Bill de Blasio doesn't like charter schools. ... Some 70,000 of the city's one million students, most black or Hispanic, attend charter schools, mostly in poorer neighborhoods. Charter schools are privately run but largely publicly financed. Their teachers are not unionized. Their students usually outscore their counterparts at conventional…[more]