The Rubes’ Revenge
Posted in Main Blog (All Posts) on September 26th, 2014 11:08 pm by HL
The Rubes’ Revenge
Jay Cost, Weekly Standard
There has not been a liberal coalition in this country broad and deep enough to enact sweeping leftist legislation since 1937, when Congress passed the Fair Labor Standards Act, the last of the New Deal reforms. Beginning in 1938 the country began a 20-year shift to the right. And, contra the mainstream media, the Republican party’s position across the 50 states today is historically strong.Nevertheless, there have been two moments since 1937 when liberal Democrats briefly enjoyed a large enough majority to enact legislation that could not have been implemented two years earlier or two…
Eric Holder: No Coward on Race
David Cole, The New Yorker
The other day, I attended an investiture ceremony for Robert Wilkins, an African-American judge recently appointed to the U.S. Court of Appeals for the District of Columbia Circuit. At the ceremony, the Harvard Law Professor Ken Mack spoke about some of Judge Wilkins’s forebears—in particular, Robert Terrell, the first black federal judge, appointed in 1910, and William Henry Hastie, the first black federal Court of Appeals judge, appointed in 1949. These men served under, and swore to enforce, a federal Constitution that blessed racial segregation as “separate but…
Secret Wall St. Tapes Are a Game Changer
Michael Lewis, Bloomberg
Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, and the ever-more common practice among regulators of leaving their government jobs for much higher paying jobs at the very banks they were once meant to regulate. Wall Street’s regulators are people who are paid by Wall Street to accept Wall Street’s…
