Tag: financial reform

False Faith & A New Reality

I’ve commented before on the unrealistic expectations some of President Obama’s supporters had for him as he assumed the office. As historian Paul Johnson has noted, the loss of Christian faith in the Western world has allowed all sorts of false messiahs to rise to the top. People want to have faith; they simply choose the wrong gods. There is only one. Consequently, it’s not surprising when disillusionment sets in. Many promises were made. The most outlandish had to do… Read more »

Losing Touch with Reality

I was watching  a news program last evening in which the economist made a rather bold pronouncement: President Obama has lost touch with reality when it comes to economics, he said. The president has no understanding at all of how the economy works. I’ve believed that all along, but it was rather refreshing to hear someone say it out loud to a few million viewers. What sparked that comment was the recently ended G8/G20 Summit of industrialized nations. As all… Read more »