The bailout

The Problem It’s a classic speculative bubble, this time with home prices. Jim Manzi has a superb explanation of the situation: …As is typical in a bubble, its later stages were characterized by reckless investment, excess debt and shady-tending-to-illegal...

The ABCs of McCain

This Week with George Stephanopoulos featured a roundtable none-too-kind to John McCain. Read ABC Panel Tears Into McCain. Money quote from George Will: John McCain showed his personality this week and made some of us fearful.