Irving Kristol’s Long, Strange Trip
Last week I had a Comment in the magazine describing Obamaism: a whirlwind of government activism on many fronts, yet containing elements of conservatism in its concern for the stability of institutions, the cohesion of the social fabric, and the moral character of our democracy. If I’d come across this passage before yesterday, I’d have included it in the piece as a concise explanation of this ap
Sponsoring Recklessness
When do the words “not guaranteed” actually mean “guaranteed”? Whenever the mortgage giants Fannie Mae and Freddie Mac are involved. The two companies have long been required to tell investors that their securities are not guaranteed by the federal government. But in the financial markets everyone has always assumed that this demurral was just window-dressing, and everyone, it turns out, was right
Shifting Targets
Correction appended. In a series of public statements in recent months, President Bush and members of his Administration have redefined the war in Iraq, to an increasing degree, as a strategic battle between the United States and Iran. “Shia extremists, backed by Iran, are training Iraqis to carry out attacks on our forces and the Iraqi people,” Bush told the national convention of the American Le
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