There is an interesting article from Bloomberg today on the Fed's refusal to identify the recipients of nearly $2 trillion dollars worth of emergency loans.
In a debate over Britain's membershipin the then-emergent European Union, Margaret Thatcher accused Labor LeaderNeil Kinnock of being a toady for the European interests, and playing alongwith their demands "for the purpose of being little SirEcho and saying 'me too!'"
Governor Schwarzenegger's proposed sales tax hike isn't what meets the eye, says JosephHenchman of the Tax Foundation. The governor says that the state tax rate iscurrently 5 percent, but this isn't entirely true.
To be forthright, I was not an Obama, nor a McCain supporter. I'm what you call that voter who doesn't matter; an independent that votes for the candidate that most closely aligns with his political views, regardless of their odds of winning.
Barack Obama has been elected the 44th president of the United States, an election announced around 8:00 pm Pacific time. The Associated Press reported that John McCain called Obama to congratulate him on the victory. He delivered his concession speech shortly after.
"The American people have spoken and they have spoken clearly," McCain said to a booing crowd in Arizona. He commended Obama, calling the election "historic."
"Democracy" has become afetish in American political discourse. People complain constantly thatparticular Presidents/legislators/judges/dog catchers follow policies which areunfriendly to "democracy" and expect that to constitute a refutation ofthe policies proposed by those individuals.