My post is a little late this am, as I was glued to that train wreck known as Tiger Woods’ press conference. But I digress– The market is acting pretty resilient this morning in the face of the surprise interest rate hike by the Fed. The Fed announced last night that it was hiking the discount rate by 25 bps to 0.75%.
Scott Horton interviews Will Bunch about his book Tear Down This Myth. Bunch’s most interesting contention is that, on terrorism-related issues such as torture, “collateral damage,” and treating terrorism within the confines of the ordinary criminal justice system, Reagan was far to the left of the contemporary GOP (Bunch doesn’t put it this way but, if his description of Reagan’s positions is accurate, he was also to the left of Barack Obama on these issues).
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The following sentence actually appears in a post on the site of a darling of conservative media:
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