“But history doesn’t wait for anybody to vote on it. That affects everything, including the economy.”
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When CEO bonuses were paid in 2008 after the bailouts America was justifiably outraged and it is reasonable to include conditions to avoid this outcome again. It is equally outrageous and irresponsible to load this bill with unrelated political swag and enforce long term changes in corporate governance and other purely political agendas in order to address a very short-term set of problems.
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Corroborating witnesses, due process, and timely reporting are still necessary. This is difficult in such matters because the abuse is usually committed in private. But without these norms guilt and innocence become arbitrary and the entire legal system become a tool for personal and political abuse. Yes, some of the guilty will go free and unpunished, but that is a price we pay for the presumption of innocence.
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The willingness to compromise critical institutions is a great threat to our nation. In the absence of these institutions we are left with nothing but government and arbitrary power. Justice is the first victim.
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The belief in a ‘general will’ or the ‘people’s will’ is a myth. It is the calling card of the progressives as well as the socialists and Mussolini’s brand of fascism. We are a collection of interests and factions and the constitution is a system to balance those interests, not to ignore them or oppress them.
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We are supposed to consider every transaction anybody on Trump’s team had with the Russians to be an existential threat, yet we are supposed to ignore the $500,000 speaking fee Bill Clinton got and the millions they gave to the Clinton Foundation.
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From Jonah Goldberg at National Review, House Clinton and the Wages of Corruption The money isn’t the primary issue with the Clintons and it never was. Sure, sure, they like being rich. They like flying around in private planes. They
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These are some of the best articles that stood out to me so far this year- and a few of mine . America Doesn’t Have a Gun Problem; It Has a Democrat Problem from Sultan Knish Chicago’s murder rate of 15.09
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Clinton’s utter lack of integrity is nothing new, But McGurn at the WSJ notes how we have come used to a bar so low that just her being in the race sullies the office. from Hillary’s Crooked Defense-In Clintonworld, anything
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The dark side of pragmatism is not obvious to most people. Like so many terms its application and meaning in the private sector can alter greatly when applied in the public realm. But changing reality while being numb to principles
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from The New York Post, Isabel Vincent writes Charity watchdog: Clinton Foundation a ‘slush fund’ Excerpt: The Clinton Foundation’s finances are so messy that the nation’s most influential charity watchdog put it on its “watch list” of problematic nonprofits last month.
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William McGurn writes The Biggest Weiner of All in The New York Post. Excerpt: Everyone deserves a second chance, but not a third chance. In Bill Clinton’s 1992 campaign, we learned about Gennifer Flowers. Later, we were treated to a parade
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In 1993, under Andrew Cuomo (currently governor of New York), the Department of Housing and Urban Development (HUD) announced that it would “encourage” Freddie Mac and Fannie Mae to have half their loan portfolios in affordable-housing (subprime) loans. Freddie and
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A populist politician, whose objective is to redistribute income, seeks the highest tax rate possible on rich investors without losing 51 percent of the vote (or a few points more, perhaps, depending on the value of the margin of safety).
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There are simplistic voices in the GOP- not just the religious ones, but the ones that think a balanced budget amendment will solve all of our problems, that the Fed should be abolished and that we should return to a
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Some of the most dangerous thinking in public policy happens when the ends are used to justify the means. Our constitution was designed to move slowly; separation of powers was meant to constrain ‘easy’ changes. Many social activists lament this.
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Too much money makes many people stupid. After the prosperity and growth of the 1980’s, Clinton thought that he could expand the prosperity to more people by enacting government programs without consequences. In the Investor’s Business Daily editorial, Bill Clinton,
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When reading and reflecting on the history of our economic and financial condition it appears that we get it wrong more often than we get it right. Just as our history is a history of wars with brief interim periods
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The hard core Obamaphiles still claim he is solving a problem not of his own making, and they are largely correct. To be sure, the mortgage meltdown did not happen on his watch. But the mortgage market was largely wrecked
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The Glass-Steagall Act was passed in 1933 in response the Crash of 1929. It built a wall of separation between investment banking and commercial banking. It sought to isolate the purpose of providing loans for mortgages and small businesses from
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