Free Republic

As the media continues its “if it bleeds it leads” bias on Iraq – despite tremendous positive news from that front – and the President’s poll numbers reflect that, it’s hard for many conservatives to remember that iron law of politics given us twelve years ago by James Carville: It’s the economy, stupid. One reason it’s easy to forget this wise counsel right now is that the public’s perception of the economy is much worse than the reality. Indeed, that was the case in 1992 as well, when Bill Clinton got away with the most ludicrous of lies, that we...

The stock market is churning toward a correction, perhaps in the range of 5 percent to 10 percent. Behind this churn downward is the dollar's adjustment upward. And it's nothing for shareholders to fret about. In fact, with the economy so hot, it's a great opportunity for investors to fatten their portfolios -- and also a good time to reflect on why the economy is doing so well, and what will keep it going. Since mid-February, the greenback has risen about 4.5 percent relative to the yen and 5.5 percent versus the euro. This is likely the beginning of a...