Free Republic

As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment...

As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment...

As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment...

As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment...

Every political movement needs a manifesto. The Tea Party surely needs one. So do other grassroots political resistance organizations. They don't have it yet, but they now have its preliminary foundation, Angelo Codevilla's essay, "America's Ruling Class -- And the Perils of Revolution." http://GaryNorth.com/snip/997.htm I have long regarded Dr. Codevilla as America's smartest conservative political analyst. He has been unknown to the conservative public until last week, when Rush Limbaugh began promoting the best essay of Codevilla's career. I regard this essay as the finest statement on the two-fold division in American political life written in my lifetime -- more...

Caroline Glick’s article on the foreign policy implications of Angelo Codevilla’s essay on America’s Ruling Class comes as Niall Ferguson is touring Australia warning that the end of American dominance may be imminent and sudden. Somehow the ideas in Codevilla’s essay are popping up everywhere, whether people have read it or not. Ferguson describes how rapidly empires can fall. The Bourbon monarchy in France passed from triumph to terror with astonishing rapidity. The sun set on the British Empire almost as suddenly. The Suez crisis in 1956 proved that Britain could not act in defiance of the US in the...

Rush Limbaugh recently dedicated a substantial portion of his show to an incredible article by Angelo M. Codevilla in the current American Spectator: America's Ruling Class — And the Perils of Revolution. (Here's the text of Limbaugh's monologue.) Here's how important I think this article is: It makes me think of Thomas Paine's Common Sense. Published in January 1776, Paine's most portentuous work "fixed" in written words (like a fly is "fixed" in amber) a lot of things that people intuitively knew and felt but had never heard boldly stated in clear, plain English. And once the words had been...