Free Republic

He's deeply skeptical of the bank bailout and pessimistic about the economy. Why the establishment worries he may be right. He criticizes the Obamaites for trying to prop up a financial system that he regards as essentially a dead man walking. He portrays Treasury Secretary Tim Geithner and other top officials as, in effect, tools of Wall Street (a ridiculous charge, say Geithner defenders). These men and women have "no venality," Krugman hastened to say. But they are suffering from "osmosis," from simply spending too much time around investment bankers and the like. The day Geithner announced the details of...

With help from a former UBS banker, the Feds are demystifying how the Swiss do business. Inside the tradecraft.___ Among the very rich, it's known as "the nut." That's the amount of money they need to salt away for a "rainy day"—for when the bubble bursts or the subpoenas arrive. It's enough money to keep paying for, say, the grandkids' private-school tuitions or the landscape gardener on Martha's Vineyard. ("Every Master of the Universe knows the number," wrote "The Bonfire of the Vanities" author Tom Wolfe.) Usually, the money is invested in something safe, such as T-bills. But sometimes it's...

We Are All Socialists Now In many ways our economy already resembles a European one. As boomers age and spending grows, we will become even more French.

I just read the cover of Newsweek. We are all Socialists now

Newsweek: Celebrating America as a New, Socialist France by Warner Todd Huston Sunday, February 8th 2009 Newsweek’s Jon Meacham and Evan Thomas are tired of all this talk of socialism. We need to stop talking about yesterday’s news, they say, and embrace the great new fact that America is already a socialist country. They chortle that America is just like France. Meacham and Thomas chide Sean Hannity for using socialism as a dirty word because it “seems strangely beside the point.” The pair is enthusiastic about our new American socialist society! We are a European country and we like it,...

In many ways our economy already resembles a European one. As boomers age and spending grows, we will become even more French. [snip] We remain a center-right nation in many ways—particularly culturally, and our instinct, once the crisis passes, will be to try to revert to a more free-market style of capitalism—but it was, again, under a conservative GOP administration that we enacted the largest expansion of the welfare state in 30 years: prescription drugs for the elderly. People on the right and the left want government to invest in alternative energies in order to break our addiction to foreign...

Published on NewsBusters.org (http://newsbusters.org) Evan Thomas: 'A Disgrace' If McCain Beats Obama with Ayers By Brent Baker Created 2008-10-11 15:08 Newsweek's Evan Thomas and NPR's Nina Totenberg, likely reflecting the attitude of many of their Washington press corps colleagues, declared Barack Obama's connection to unrepentant terrorist William Ayers as an out of bounds subject for the campaign. On Inside Washington [1], a weekly show produced and aired over the weekend by Washington, DC's ABC affiliate, but first broadcast Friday night on the local PBS station, Thomas, Editor at Large with Newsweek, charged: “If he loses the election because of...

Sarah Palin posed for a photo spread in Vogue, but that's about as far as the glamour goes. She piles her hair up in a librarian's bun and wears what she calls "schoolmarm" glasses (one blogger compared her to "Tina Fey's sexier sister"). She was at one time a beauty queen, Miss Wasilla 1984, in her hometown, population: 7,000 or so. "We were really surprised when she wanted to do it," her father, Chuck, told the Vogue reporter. "That wasn't her thing." Basketball and hunting were more like it. Palin regretted the whole beauty pageant experience. "They made us line...

The hundreds of drones cruising over Iraq and Afghanistan have changed war forever."The whole art of war consists of getting at what is on the other side of the hill," said the Duke of Wellington, conqueror of Napoleon at Waterloo. In the murky kind of fight that marks modern warfare against terrorists and guerrillas, knowing what's on the other side of the hill—or inside a building—takes on a whole new urgency and meaning. Lt. Col. Scott Williams, who leads a unit of Apache helicopters in Baghdad, is in the business of "servicing" targets, by which he means anything from blowing...

How do you know if Barack Obama is unhappy with what you're saying—or not saying? At meetings of his closest advisers, he likes to lean back, put his feet on the table and close his eyes. If he doesn't like how the conversation is going, he will lean forward, put his feet on the floor and "adjust his socks, kind of start tugging at them," says Michael Strautmanis, a counselor to the campaign. Obama wants people to talk, but he doesn't want to intimidate them. "If you haven't said anything, he'll call on you," says Strautmanis. "He's never said it,...

WILL: I was at the Truman library in Independence, Mo., last week, and was looking at a black-and-white photograph of Harry Truman giving a speech in a stadium in Los Angeles during the '48 campaign. Seated next to the lectern, right next to Lauren Bacall and Humphrey Bogart, is a man who had introduced Truman, and it was a 37-year-old Ronald Reagan. That was probably the last time he voted for a Democrat. And so Sean's right, he was the first Reagan Democrat, but what really made Reagan Democrats were Democratic policies. One of the worst things that ever happened...

Obama still has his fans in the MSM, or Hillary her detractors . . . Appearing on this afternoon's Hardball, the seemingly mild-mannered Evan Thomas of Newsweek took a surprisingly tough shot at Clinton, undermining the very premise of her now-famous "it's 3 AM" ad. Discussing Hillary's comeback, Evans offered his blunt assessment with no real prompting. EVAN THOMAS: What I don't get about his ad, the whole idea about 3 AM is you want coolness and detachment, right? She's not cool and detached. She's either really hot and angry, or she's icy cold and tough. But I don't think...

The Buckley dinner salons were held at Bill and Patricia's Park Avenue apartment, a ground-floor maisonette at 73rd Street in Manhattan. Literary sportsman George Plimpton might be there, chatting with statesman Henry Kissinger or novelist Dominick Dunne. At the same time, standing in the corner might be a lumpy, Trotskyite-turned-Catholic intellectual talking to a nervous Yale undergraduate. There were rarely politicians to be seen at the Buckleys' elegant home, but, standing by the Bösendorfer piano in the living room, guests often heard worldclass pianist Bruce Levingston playing the same Bach concerto he would be performing the next week at Carnegie...

The president has left his party in a precarious state. But the GOP candidates running in the wake of his wreckage can learn much from his failures. We are all stars in the movies that play in our minds: not true-life stories, exactly, but life as we imagine it could or should be. Little imperfections are conveniently forgotten or smoothed over, messy relationships downplayed or deep-sixed. The future beckons brightly, even if the past was dark or dreary. This need to believe in an idealized self is especially strong in politicians. They must get up every day and sell a...

Partisan warriors may love our polarized political culture. Everyone else is turned off, and tuning out. ___ There are, as they say, two Americas. There is the America of the rich and the America of the poor, as Democratic presidential candidate John Edwards likes to point out. There is the America of Red States and Blue States, populated, as columnist Dave Barry likes to joke, by "ignorant racist fascist knuckle-dragging NASCAR-obsessed cousin-marrying road-kill-eating tobacco-juice-dribbling gun-fondling religious fanatic rednecks" and "godless unpatriotic pierced-nose Volvo-driving France-loving leftwing Communist latte-sucking tofu-chomping holistic-wacko neurotic vegan weenie perverts." These divisions seem to grow, and to...

The Americans were getting close. It was early in the winter of 2004-05, and Osama bin Laden and his entourage were holed up in a mountain hideaway along the Afghanistan-Pakistan border. Suddenly, a sentry, posted several kilometers away, spotted a patrol of U.S. soldiers who seemed to be heading straight for bin Laden's redoubt. The sentry radioed an alert, and word quickly passed among the Qaeda leader's 40-odd bodyguards to prepare to remove "the Sheik," as bin Laden is known to his followers, to a fallback position. As Sheik Said, a senior Egyptian Qaeda operative, later told the story, the...

If anyone ever starts a museum of horrible explanations, the one-liner by Newsweek's Evan Thomas about his magazine's dubious reporting on the Duke non-rape case— "The narrative was right but the facts were wrong" —is destined to become a popular exhibit, right up there with "we had to destroy the village to save it." What Mr. Thomas seems to mean is that the newsroom view of the lacrosse players as privileged, sexist, and arrogant white male jocks was the correct angle on the story. It wasn't. According to Duke's female lacrosse team and other women on campus, the male players...

WASHINGTON (AP) - Former White House press secretary Ari Fleischer leaked the identity of a CIA operative to Washington Post reporter Walter Pincus during a 2003 phone call, Pincus testified Monday as the first defense witness in the CIA leak trial. Pincus was one of the first reporters to learn the identity of Valerie Plame, the wife of former ambassador and prominent Iraq war critic Joseph Wilson. Pincus said he learned her identity July 12, 2003 but did not immediately write about it. Plame was outed by syndicated columnist Robert Novak two days later. Pincus testified on behalf of Vice...

When the show's ["Inside Washington"] substitute host Kathleen Matthews (wife of Chris Matthews) asked what the bottom line of Plamegate, Evan Thomas declared: "Nothing! Nothing! This is a big zero of a story that most of the American public has ignored, Washington has been feverishly consumed by, and it means something for Scooter Libby, who may go to jail, so it has some personal consequences, but in the great sum of American body politic, it means nothing."

With the hard right hoping for reversal, the black-and-white war over abortion finds itself immersed in shades of gray.March 6, 2006 issue - At first glance, it appeared that the forces of the pro-life movement were on the march last week. The question of abortion is much more ambiguous than the louder voices on either side of the pro-life/pro-choice divide are willing to admit. The hard-line anti-abortion crusaders may be disappointed by the legal realities, at least in the short term. At the same time, the pro-abortion-rights interest groups are just beginning to grapple with an uncomfortable truth: that many...