Washington gridlock may turn out to be the salvation of the Obama administration. Not only does gridlock allow the president to blame Republicans for not solving the financial crisis that his own runaway spending created, the inability to carry out as much government intervention in the economy as when the Democrats controlled both Houses … Read more
The Department of Labor is about to release figures on long-term unemployment that suggest a major shift in employment patterns in the U.S. According to a report in the Wall Street Journal, about 26 percent of the unemployed have not held a job in more than a year. Liberals point to these figures as proof … Read more
I just read two very interesting articles on the U.S. economy, written from historical perspectives. They compelled me to share my own historical perspective. And what I want to say is more about our changing culture than our economy. One of the articles, by Julie Crawshaw of MoneyNews.com, notes that the “Misery Index”—the combined unemployment … Read more
In his powerful novel Serena, Ron Rash offers a haunting depiction of greed, inhumanity, and single-minded ambition. Put in more stark terms, he writes about the force of evil. Set in the Appalachians of Western North Carolina during the Great Depression, the book tells the story of a logging company owner named Pemberton and … Read more
If you want to see President Franklin D. Roosevelt’s legacy, look around you. Scores of agencies created during his tenure are still around, including Social Security and welfare. The Forgotten Man: A New History of the Great Depression Amity Shlaes; HarperCollins; 390 pages. Reviewed by Martin Morse Wooster If you want to see … Read more