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    • Exchange Rates 101
      In light of the collapse of the Ruble I think it’s worth revisiting what controls exchange rates. Supply and Demand. Yeah, if you know something about the subject you’re probably shaking your head. Supply and Demand doesn’t set prices in many cases in the way that an Economics 101 course tells you. Such texts will [...]
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Open Thread: John Nichols Smacks Down “Whiner in Chief”

Please don't hurt my feelings!

Please don't hurt my feelings!

This morning at The Nation John Nichols sternly reprimands the Obama administration for its attempts to control “left of left” bloggers with humiliating “off the record” remarks from anonymous administration sources, as well as its childish “war” with Fox News Network

Nichols writes:

…before the president and his inner circle go all Spiro Agnew on us, they might want to consider three fundamental facts regarding relations between the executive branch and the fourth estate

Next, Nichols discusses three main points about WH-media relationships: 1) media outlets have always been partisan; 2) “Presidents are supposed to rise above their own partisanship”; and 3) Obama is asking for trouble by “trying to ‘whip’ relatively like-minded” media sources “in line.”

Here are few salient exerpts from Nichols’ pithy piece:

Fox hosts do go overboard in their savaging of Obama and the Democrats — sometimes ridiculously so. But their assaults on the president are gentle when compared with the battering that Benjamin Franklin Bache’s Philadelphia Aurora administered to John Adams (appropriately) or the trashing that Colonel McCormick’s Chicago Tribune gave Franklin Roosevelt (inappropriately).

Obama should be better than [Dick] Cheney. But aides are not helping the president prevail in what ought to be an easy competition.

Cheney saw newspapers such as The New York Times and news channels such as CNN as little more than branches of his Democratic opposition.

…bloggers should…take [WH] criticism as confirmation that they are right when they suggest that this administration is increasingly out of touch with the progressive base that secured Obama the Democratic nomination and ultimately propelled him to the White House.

The fact is that the results of the 2008 election did not reveal “a closely-divided country.” Obama arrived at 1600 Pennsylvania Avenue with the most muscular mandate accorded any Democrat since Lyndon Johnson’s 1964 landslide.

Please read the whole thing, and then come back here and discuss.

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