In 1968, America was literally over the moon. Apollo 7 had just made the first manned lunar orbit and the nation would soon witness Neil Armstrong’s moonwalk. The United States was winning the war in Southeast Asia and the Great Society was on the verge of eliminating poverty. I remember my father taking me to the Buick dealership that summer in Connellsville, Pennsylvania, where he bought a 1969 Electra. As we drove home I asked him why we had bought the 1969 model when we had the 1968 one, which seemed equally good.
Comments: Please post source to site style. LCom Staff
Very informative article. However, it got off on the wrong foot. Apollo 7 did not leave the Earth´s orbit. Trans Lunar Injection (flying from the Earth to the Moon) and Lunar Orbit (orbiting the Moon) were not accomplished (or even attempted) until Apollo 8.
It was interesting getting the background and dissection of Keynesian Economics and it was also refreshing to have him admit at the end that basically we are doomed unless leadership emerges. The trouble is - in dire economic straits, national leaders have been known to emerge - shall we say, "Sieg Heil"?
Actually in 1968, we WERE winning the war in Vietnam. Their Tet Offensive damn near drove the NVA to their knees. General Giap later said as much. But Uncle Walter, the Most Trusted Man in America, declared the war lost and defeat was snatched from the jaws of victory.
As for the current economic doldrums and the various agencies´ attempts to energize the recovery, more harm is being done by all the meddling. Right now two things are happening that are really skewing perceptions of reality. First, DC, or BoomTown if you prefer is awash in cash, largely borrowed but still cash, and the decision makers and opinion shapers look around themselves and see the resulting unbridled prosperity. It´s "I can´t see it from my house" on steroids.
Second, a lion´s share of the expanded money supply is finding its way into the Stock Market. Witness the Dow hovering around 14,000. The markets love easy money, but the only thing getting stimulated thereby are the movers and shakers on Wall Street. Main Street on the other hand is boarding up its windows. A healthy stock market gives an illusion of prosperity and for investors an artificial sense of wealth effect euphoria. For every one else, it´s an unemployment check, if you´re so lucky, or stagnant wages, maybe an EBT card and a bunch of empty promises from the worthless politicians.
I wonder how much of Bernake´s funny money is being used to jack up the oil´s futures prices.
The excuses for gas going up get more ridiculous every time the "experts" talk about it.It used to be a Nigerian slipping on a banana peel that would cause a spike but there´s no such crude production crises going on.We´re getting more oil out of Iraq and the US and prices still go up.
Of course one of the things keeping gas artificially high is the lack on new refineries.If one of these have to shut down for maintenance or other reason that can cause a spike.The "summer blends" to all these eco-states have ,do the market no favors.
As he was ascending to the pinnacle of power in the Senate Republican conference almost exactly seven years ago, Mitch McConnell planted the seeds of a feud that could conceivably end his career this May. Democrats, capitalizing on the public’s weariness with the Iraq War and outrage at the GOP’s Abramoff-era corruption, had taken control of both houses of Congress. And McConnell had been unanimously elected minority leader. As they are today, Republicans were searching for a way to reconnect with the public. McConnell, for example, canceled an annual lobbyist-funded retreat at the tony Greenbrier resort in West Virginia in favor of
Pope Francis issued his first apostolic exhortation this week, and it has created quite a firestorm. A Google news search on ´Pope´ following the release of exhortation turned up all kinds of stories proclaiming that Pope Francis says Capitalism is ´evil´ from major news sources raning from the Chicago Tribune to ABC News to the Washington Post. Yahoo News ran AP writer Nicole Winfield´s article about the exhortation, Evangelii Gaudium, (The Joy of the Gospel), with a headline that initially said something like ´Pope Blasts Capitalism, says rich should share the wealth.´ After 12 hours the headline changed to "Pope issues
Paul Ryan is ready to move beyond last year’s failed presidential campaign and the budget committee chairmanship that has defined him to embark on an ambitious new project: Steering Republicans away from the angry, nativist inclinations of the tea party movement and toward the more inclusive vision of his mentor, the late Jack Kemp. Since February, Ryan (R-Wis.) has been quietly visiting inner-city neighborhoods with another old Kemp ally, Bob Woodson, the 76-year-old civil rights activist and anti-poverty crusader, to talk to ex-convicts and recovering addicts about the means of their salvation. Ryan’s staff, meanwhile, has been trolling center-right think
In the recent government shutdown fight I found myself in polite (on my part at least!) disagreement with the elements of the right inclined to denounce the “Republican establishment.” No need to rehash all that again. But, I will say that in the wake of the Cuccinelli defeat, I think the critics of the establishment have the better side of the argument. If the folks running the party want the tea partiers to support their preferred candidates — when they’re the nominee, at least — it should work the other way around as well. It now appears that Cuccinelli, a
A campaign strategist for Republican Virginia gubernatorial candidate Ken Cuccinelli said that the national GOP abandoned the campaign in its final days. At the end of the race, Cuccinelli was closing in on Democrat Terry McAuliffe, who eked out a two-point victory on Tuesday despite exit polls that showed McAuliffe was up by seven points. According to the Washington Post, Chris La Civita said that financial support from national Republican sources dried up on October 1. “There are a lot of questions people are going to be asking and that is, was leaving Cuccinelli alone in the first week of October, a smart
Boyd Marcus, the chief of staff for Cantor until 2003—who later teamed with another GOP operative Ray Allen to found the firm Marcus Allen, which Cantor employed until earlier this year—joined the McAuliffe campaign after Lt. Gov. Bill Bolling, with whom Marcus campaigned, did not win the GOP nominee in Virginia. “I was looking at the candidates, and I saw Terry McAuliffe as the guy who will work with everybody to get things done,” Marcus told the Associated Press in August when he joined McAuliffe’s campaign. Cantor employed Marcus Allen until the day before Marcus left the firm to work
Leave it to Mark Levin to say exactly what many conservatives have believed but not said. The RINO wing of the GOP — and Karl Rove specifically — do not want a Ken Cuccinnelli victory in Virginia. In this corner we have believed this for some time. In its own way this reminds of the 1980 presidential race. The RINO in question than was one of Ronald Reagan’s GOP primary opponents — Illinois Congressman John Anderson. Anderson lost resoundingly to Reagan in the primaries, but as usual picked up a core of fans in the liberal media.
A veteran Washington adviser who has worked for four Presidents on both sides of the political aisle said that the stunning Government Accountability Report report that found President Barack Obama has not had a one-on-one meeting with Health and Human Services Secretary Kathleen Sebelius since the passage of Obamacare over three years ago is an indictment of the entire White House operation and shows that the Obama administration has bordered on "malfeasance." "I have no doubt the White House is right, that Secretary Sebelius was in several group meetings with the president about health care," Gergen caveated, "but the whole
President Barack Obama’s Facebook page on Saturday posted a message honoring the dead from Pearl Harbor—accompanied by a picture of Obama descending the stairs next to the Pearl Harbor Memorial. The picture barely fits the name of the Arizona Memorial so it can frame Obama in the foreground. The post´s statement reads: Today, with solemn pride and reverence, let us remember those who fought and died at Pearl Harbor, acknowledge everyone who carried their legacy forward, and reaffirm our commitment to upholding the ideals for which they served. President Obama The Obama Administration´s current shipbuilding plan shrinks the size of
Dr. Ezekiel Emanuel, the hapless, goalpost-shifting so-called "architect" of Obamacare, told Fox News´ Chris Wallace on Fox News Sunday that President Barack Obama´s promise "if you like your doctor, you can keep your doctor" was absolutely true--with one important caveat: if you like your doctor, "you can pay for it." Wallace grilled Dr. Emanuel, challenging his false claims that California´s enrollment was keeping pace with the percentage of the young population necessary to keep the system afloat, and pointing out that the president´s promise on doctors would collapse once people lost their insurance or their
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
The U.S. isn´t called "America the Beautiful" for nothing. Each year, millions of tourists come from home and abroad to see the country´s majestic landscape and iconic sites, from the Grand Canyon to the Statue of Liberty. But there are also cool, quirky attractions, like Vermont´s Ben & Jerry´s Factory and Tennessee´s Graceland, the former home of Rock and Roll King Elvis Presley. From California to New York and everywhere in between, the country is chock-full of incredible attractions that keep luring in visitors. Here are the best tourist attractions in every state.
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
Prime Minister Benjamin Netanyahu made a last minute decision not to participate in a memorial service for the late South African President Nelson Mandela, despite having notified the South African government that he would attend the event. The decision was made in light of the high transportation costs resulting from the short notice of the trip and the security required for the prime minister in Johannesburg. The Prime Minister’s Office found that the trip would have cost roughly 7 million shekels ($2.4 million) – 2.8 million shekels for chartering a private El Al plane and a further 3.2 million shekels for