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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Tuesday, September 30, 2008

Congress: Please Stay Home

(By Randall Hoven, American Thinker) - I'm going to go out on a limb and make an economic prediction: if there is no bailout, the economy will keep muddling along without even entering a formal recession. The Dow will stay comfortably above 10,000 and real GDP growth will stay positive.

Drudge has posted two significant articles. The first from CNN explains that there is no catastrophe and that we should do nothing but let the companies that screwed up go bankrupt, and then fix what government broke in the first place, primarily Fannie and Freddie.

The second article from the National Post points out why we should be fighting the bailout tooth and nail. It reminds us that the fifth point in Karl Marx's Communist Manifesto was the "centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly."


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