By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Independent voices from the TWT Communities
Americans are still asking themselves, "where's the recovery?" The latest re- ports suggest the answer is nowhere in sight, as the present "recovery" is looking an awful lot like a recession.
The Dow Jones industrial average fell for the 11th time in 12 days after a pair of discouraging economic reports came as investors worried about Greece's possible exit from euro.
The Federal Reserve's second-highest ranking official on Monday said the economy is not strong enough for the Fed to begin tightening credit, countering a vocal minority of members who argue the central bank's stimulus programs are contributing to higher inflation.
Stocks bounded higher Thursday on strong interest in General Motors' initial public offering and growing confidence that Ireland will resolve its debt crisis.
With little in the way of economic data for the first part of this past week, it comes as little surprise that corporate earnings took center stage.