The GOP rushed to brand the Gulf Coast disaster "Obama's Katrina." But new reports make clear the Bush administration's lax attitude toward regulation deserves much of the blame.
Ever since the great oil price spike of 2008, conservatives have been riding a tide of pro-drilling sentiment to shore up their message on energy issues. Environmentalists had done a decent job in earlier years of framing their concerns about fossil-fuel use in part in terms of energy "independence" and "security," rhetoric that was turned on its head by efforts like Newt Gingrich's "Drill Here, Drill Now, Pay Less" slogan.
Editorial Glance
That may be true, but all bubbles to eventually burst, all Ponzi schemes do collapse. The only question is when. For those of us not on the verge of retiring, the sooner we have this day of reckoning and get it over with, the better.
The only democracy in the Middle East is perhaps unique, but it's doubtful if it's the real thing. Results of a poll published in Haaretz yesterday reflect what has been known for a long time: a combination of ignorance, a basic lack of understanding and a fascist mood. An ill and dangerous wind is blowing toward a government that is threatened with collapse.
The U.S. and Israel have been acting in tandem to extend and deepen the occupation. In 2005, recognizing that it was pointless to subsidize a few thousand Israeli settlers in Gaza, who were appropriating substantial resources and protected by a large part of the Israeli army, the government of Ariel Sharon decided to move them to the much more valuable West Bank and Golan Heights.
“I was right 70 percent of the time, but I was wrong 30 percent of the time,” said Alan Greenspan as he testified last week on Capitol Hill. Greenspan — a k a the Oracle during his 18-year-plus tenure as Fed chairman — could not have more vividly illustrated how and why geniuses of his stature were out to lunch while Wall Street imploded.





























