I can understand why paying ransom is counter to larger policy goals but ransoms are paid all the time. In fact one can buy a Kindnap and Ransom (K&R) insurance policy from a multitude of insurers.
One has to wonder, had the kidnapped been high level executives versus relatively powerless reporters whether the US government would have threatened the families of the executives with prosecution. My bet is the government would have let it slide.
Another good one from Charles Hugh Smith.
I wouldn’t say that we’ve ever totally had classical capitalism and truly free prices, but we have been light years closer to them than we are now.
An interesting poll from The Washington Post. Generally the American public appears to be unsatisfied with everything but is also unlikely to change direction in any substantive way. They don’t like the president. They don’t like Congress. They think the economy stinks. They feel that Washington is out of touch. Pretty standard fare. That a majority of Americans consider the Obama presidency to be a failure is interesting however and may have important political implications in the years ahead.
How’s this for a depressing passage. It comes from the attached article.
“There’s just a lot more regulation going on,” Zelizer said. “There’s a lot of intersection between the economy and Washington.”
Corporate America is doing a full press in DC right now, even during the lazy days of the Congressional summer recess. The big boys don’t want the Export-Import Bank, the taxpayer backed corporate slush fund, to go away. Congress may stop funding it in September. If Congress does stop funding Ex-Im it will be a major win for everyday Americans and it will be a real loss for the crony capitalists.
Though the President called the Export-Import Bank of the United States “corporate welfare” when he ran for president, his message has changed. Many of his former staffers are pro-Ex-Im too as the attached report outlines. Who followed whom is unclear.
Who would have bet in 2008, the dawn of the Obama era, that James Risen New York Times‘ supercritic of the Bush Administration would say in 2014 that Barrack Obama was “the greatest enemy of press freedom in a generation”?
No one. And certainly no one at the Times that’s for sure.
As we’ve said many times we are pro-immigration. But we are also pro-rule of law. We are anti-ruling by presidential decree. And we are against back room deals with industry and government.
Right now the president is poised to act by executive order on immigration. Obama has political bills to pay.