By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Independent voices from the TWT Communities
They seem right out of a Hollywood fantasy, and they are: Cars that drive themselves have appeared in movies like "I, Robot" and the television show "Knight Rider."
Are America's best days behind her? Joseph Stiglitz, a Nobel laureate in economics, seems to think so. "The American dream is a myth," he writes in a recent column. In a new USA Today/Gallup poll, nearly 6 in 10 disagreed with the idea that the next generation will live better than their parents do.
Add Nobel laureate Joseph Stiglitz to the list of those who somehow think the economy just hasn't had enough stimulus from Washington. Writing in the Financial Times Monday, Mr. Stiglitz argued that if only the federal government had spent more, unemployment numbers would be a lot lower and the economic growth rates would be a lot higher.
The important Christmas spending season got off to a promising start this weekend, but the lame-duck Congress and President Obama would play the Grinch if theyre unable to agree on extensions of unemployment benefits and the Bush-era tax cuts.
The expense of caring for veterans of the Iraq and Afghanistan wars is an unfunded budget liability for U.S. taxpayers that in years to come will rival the cost of entitlement programs such as Social Security and Medicare, lawmakers will be told Thursday.
"What has always been true is that technology has destroyed jobs but also always created jobs," says Nobel Prize-winning economist Joseph Stiglitz of Columbia University. "You know the old story we tell about (how) the car destroyed blacksmiths and created the auto industry."
"So you get workers trapped in the wrong sectors or unemployed," he says.