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.
I’ll say this for the Democrats when it comes to corruption. They don’t really hide it. Everyone knows that the Dem machines in the Northeast and on the West Coast are full of union winks and nods. Everyone knows that it’s pay to play in New York, Chicago, Boston, and California. It’s understood and in many ways accepted.
But the Republicans have long acted like they were above this. That indeed the Republican Party was and is the party of good governance, of the suburbs, and middle class accountability. This was the spirit of Reagan for instance.
“Resistance is futile…Resistance is futile…”
(Or maybe not.)
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.
On Friday of last week “a senior official” at the DOJ called Darryl Issa’s office by mistake thinking it was a Democratic office. The official wanted to leak documents to the Dems and reporters before the Republicans saw them.
I just got back from DC. I go a couple of times a month. One of the most important lessons I’ve learned from years of driving into our nation’s capital? Never, and I mean never, park on the street.
A minuscule move up in mortgage rates caused a significant downdraft in mortgage applications.
And with cash buyers increasingly out of the picture, mortgage dependent buyers are where it’s at for real estate. The problem is the latter group is still on very shaky economic ground.
All the meddling in the housing market by the government. All the below market rates of interest from the Fed. All the “stimulus.” And this is where we are, spinning our wheels.