Reader Zuzu’s Petals digs up the relevant NY Times story from 1995 that describes the mindset when they decided to stop requiring banks to pay FDIC premiums: The Federal Deposit Insurance Corporation decided today to virtually eliminate deposit insurance premiums for most commercial banks afte...

I don’t understand: Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn’t the Great Depression. It was the 1981-82 recession, widely considered America’s worst since the depression. That painful time dur...

I watched the final Bush press conference this morning, and something was bothering me all day about something he said regarding the “Mission Accomplished” banner. Here is the relevant portion of the press conference: THE PRESIDENT: Yes. Q And I’m not trying to play “gotcha,&...

No one could have predicted this would happen. John Yoo and John Bolton, in the NY Times, discuss the need to limit executive authority. Up next, David Addington and Dick Cheney write in the Washington Post on the need to reject Unitary Executive theory. I knew these wankers would do this, I just di...