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Ian Tuttle of National Review and Greg Corombos of Radio America celebrate the House passing “Kate’s Law” and agreeing to further crackdowns on sanctuary cities. They also discuss the dismal financial prospects of Illinois, which has racked up massive amounts of debt and that additional tax increases cannot solve despite the insistence of Democrats. And they contemplate the partisan fallout if Twitter releases a “fake news” button for its site. Finally, they extol the genius of America as they prepare to celebrate Independence Day and the Three Martini Lunch pauses until July 5.
When the New York Yankees fired 70-year-old manager Casey Stengel in 1961, the team openly stated he was “too old for the job.” A resentful Stengel quipped: “I’ll never make the mistake of being 70 again.”
During her presidential announcement speech over the weekend, Hillary Clinton offered this interesting explanation for the Financial Crisis:
Who controls the past controls the future. — George Orwell, 1984
After a near-depression and worst-ever financial crisis that cost the US economy as much as $14 trillion, one might think Washington would be careful to avoid repeating the same policy mistakes. One might think, for instance, Washington would think twice and then thrice before loosening mortgage lending standards to boost home ownership, particularly among low-income borrowers. Because, you know, loosened mortgage standards seem to have played some role in helping set the stage for the catastrophic mortgage meltdown.