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The Bush Legacy

Posted by Charles Mitri Categories: Business, Domestic Policy, Editorials, Foreign Policy, Foreign Relations, History, US Economy, Wall Street, War

George Bush

When George W. Bush vacates the White House on January 20, 2009, the floodgates will open, as political pundits line up to take pot shots at his eight years as Chief Executive.

Presidential rankings are nothing new. Every former president has one and have eschewed the usual practice of getting an objective view of a president’s legacy after leaving office. These days, the Internet and instant readers’ polls have made the tried and true method of waiting a few years for a ranking virtually obsolete.

Down to business. America’s best presidents are a very elite group, usually judged by how well they react during a crisis. At the top of the heap there are Lincoln, FDR, Washington, Jefferson, Teddy Roosevelt and Woodrow Wilson. Over the last few years there’s been a shift in rankings at the bottom of the barrel. Grant and Harding used to occupy the number one and two slots. Over recent years, James Buchanan has assumed the bottom spot with Herbert Hoover right on his heels. Buchanan gets the blame for the Civil War. Hoover is charged with the 1929 stock market crash and onset of the Great Depression two years later.

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How to Review Oliver Stone’s W.

Posted by Steve Woodhead Categories: Elections, Media

Josh Brolin as George W. Bush
If you’ve been tooling around The Drudge Report at all the last couple of days, you may have noticed near the top, a handful of links to advance previews of Oliver Stone’s latest W., his third effort at biopic-ing an American president, and the only one to have received Mr. Stone’s esteemed treatment while its subject is still in office (the first two in his triptych were JFK (1991) and Nixon (1995).  The first review came from Variety‘s Todd McCarthy; the next day, The Hollywood Reporter was added to the list. 

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Big Trouble in Little Washington

Posted by George Regal Categories: Editorials, Law, Site Features, US Economy, Wall Street

According to President Bush this bailout is a good deal for Main Street.  He assures us that the tax dollars invested will pay for themselves and then some.  Oh really?  That’s the definition of a good investment. Well, if this is such a good investment why aren’t private investors rushing in to snap up these assets and companies at bargain prices?  Hint: Because they aren’t good investments!

Adding the $700 billion to the rest of the actions taken recently (Bear Stearns, AIG, Fannie Mae and Freddie Mac, FHA rescue bill, and the rest) the total balloons to a whopping $1.8 trillion, and counting!  Where is this money coming from?  Unfortunately for us, it’s coming out of thin air!  Anytime the government spends more than it receives in tax revenue, they engage in deficit spending. This is accomplished by the Treasury Department auctioning Treasury Securities on the open market. These are the same securities that China has purchased to the tune of $2.2 trillion. With me so far?

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