Low Inflation Gives Fed Room To Keep Rates Down

According to the AP: “The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday [February 18th] that consumer prices excluding food and energy fell in January.”

This is the same mistake the Japanese made. Fed should begin slowly increasing rates so that when they need to they will have room to cut. Not raising rates takes a major tool out of their toolbox.

Your Tax Dollars At Work

The US government owns a majority stake of General Motors. GM's CEO Ed Whitacre is getting a base salary of $1.7 million. GM will pay former-CEO Frederick "Fritz" Henderson $59,090 a month beginning this week for consulting on international operations.

Bush Administration Lawyers Didn’t Commit Professional Misconduct

Bet this doesn't get as much media coverage as when the accusation was made -- Pres Obama's Justice Department found that Bush administration lawyers didn’t commit professional misconduct when they wrote memos authorizing interrogation techniques such as waterboarding for terrorism suspects.

I'm Not A Fan Of Susan Estrich, But What She Is Right On About This

“It's not a communications problem. What's gone wrong is that people see the country swimming in debt, see the jobs recovery lagging, see friends and neighbors who are not even hanging on, and they just don't know how this administration is planning to pay for a massive health care reform effort.”

http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_susan_estrich/what_went_wrong

Why The US Constitution Has A Filibuster Provision For The Senate

Ungovernable? Nonsense.-- by Charles Krauthammer

“The Senate with its ponderous procedures and decentralized structure is serving precisely the function the Founders intended: as a brake on the passions of the House and a caution about precipitous transformative change.”

http://townhall.com/columnists/CharlesKrauthammer/2010/02/19/ungovernable__nonsense?page=full

Why Be Against The Death Penalty, One More Reason

I don't want to be part of a society that might be executing innocent people and too many people are found guilty and then it is later proved they did not commit the crime. -- Acting at the recommendation of a special state innocence commission — a panel of North Carolina judges ruled Wednesday that a man was wrongfully convicted of murdering a prostitute in 1991 and freed him after 16 years in prison.

http://www.nytimes.com/2010/02/18/us/18innocent.html

Underwear Bomber -- What Did Obama Know and When Did He Know It?

White House still can't say if Obama knew in advance on Christmas Day that underwear bomber would be Mirandized. White House spokesman Robert Gibbs was asked on Feb 3rd and said he would find out. But yesterday [February 17th] when asked again he still hasn't been able to find out.

Constructive Ambiguity