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Articles Archive for May 2008

Think Tanks »

[29 May 2008 | 4 Comments | ]

Age typically is associated with maturity, with maturity being associated with taking on adult responsibilities like providing for one’s self and one’s family. Yet in his Chicago Daily Observer column, Don Rose demands that as our population ages, our politicians should take the expedient 10-15 year time frame, rather than acting as stewards for lasting financial security. Whatever his reason, it’s clear he doesn’t want to address the underlying actuarial problems of Social Security.
This is the equivalent of US retirees throwing a big party and …

Local Media »

[28 May 2008 | No Comment | ]

There is a whiff of hypocrisy here. Mr. Obama, who made $4.2 million last year and lives in a $1.65 million house bought with the help of the indicted Tony Rezko – and whose “elegant suits” and “impeccable ties” made him one of Esquire’s Best-Dressed Men in the World – disdains college students who might want to “chase after the big house and the nice suits.” Mr. McCain, who with his wife earned more than $6 million last year and who owns at least seven homes, ridicules Mr. Romney for …

Local Media »

[28 May 2008 | No Comment | ]

Two dormant properties in the heart of downtown Wheaton may soon become contributors to the city’s economy.
City officials expect to have ownership of the two parcels at 107-109 N. Main Street and 111-113 N. Main Street no later than early July.
The properties are the fruits of a long battle between the city and businessman Bob Sandberg. In return, Sandberg will receive about $650,000, which is held in escrow by DuPage County.
The land grab likely marks the final parcels the city will gain by condemnation. The court cases go back so …

Local Media »

[28 May 2008 | No Comment | ]

If you ever find yourself singing Chicago’s praises to the folks who wish you’d come back home to Topeka, without actually believing a single word you hear yourself saying, then I have just the article for you. Salon’s “Look Homeward, Obama,” by Dan Conley, a former speechwriter for Mayor Daley, is as dewy-eyed a portrait of our city as you’ll find this side of a City Hall press release. Conley’s larger point is that when Obama preaches the politics of consensus he should be taken seriously, because . . …

From Blogs »

[28 May 2008 | 7 Comments | ]

From a comment in the Salon peon “Look Homeward, Obama”
So, Mayor Daley’s speechwriter tells us how wonderful and post-partisan Chicago is. May we soon expect a similar article from Jong Kim Il’s speechwriter about the wonderfulness of his regime?
Chicago (and Illinois) is not “post-partisan”, it is omnicriminal. The Democrats get the city, the Republicans get the suburbs, and the rest of the state can go fish. Daley sends his sewer workers to the suburbs to get compliant Republicans elected. Any smooth running observed in the state is at the …

Local Media »

[28 May 2008 | No Comment | ]

Federal Reserve officials, academics and journalists seem fixated on the question of what the Fed should do – if anything – in the face of a “bubble” in financial asset prices, housing prices, or commodities. This debate was originally kicked-off in late 1996 when then Fed Chairman Alan Greenspan rhetorically asked if some sort of “irrational exuberance” had taken hold of the stock market, which had rallied strongly for two straight years.
The good news is that apparently there is a consensus at the Fed that monetary policy should not …

Local Media »

[27 May 2008 | No Comment | ]

U.S. Rep. Ray Lahood, R-Peoria, has taken himself out of the running for Republican National Committeeman from Illinois in favor of a trip to Lebanon.
LaHood, who is of Lebanese descent, said he didn’t want to miss the opportunity to go on a congressional trip to watch the Lebanese parliament elect Gen. Michel Suleiman, who has been commander of that country’s armed forces, as president, followed by Suleiman’s swearing in. Both take place this weekend.
“I’ve been in Congress 14 years, and this will be my 13th trip to Lebanon,” LaHood said …

Our Columns »

[27 May 2008 | 10 Comments | ]

No, I have not lost my mind. Sen. Edward M. Kennedy’s inoperable brain cancer that will soon claim his life (physicians give him at most 15 months to live) is seen in secular circles as a tragedy—but Catholics learn early that since death is inevitable, the chance for what theologians call the
”grace of a happy death” can come if…as all of us devoutly wish…there is adequate time before the grim reaper comes that can be used by all of us…saints, sinners and those in between…for contemplation, contrition, penance, prayer …

Local Media »

[27 May 2008 | No Comment | ]

As congressional Republicans contemplate the prospect of an electoral disaster this November, much is being written about the supposed soul-searching in the Republican Party. A more accurate description of our state is paralysis and denial.
Many Republicans are waiting for a consultant or party elder to come down from the mountain and, in Moses-like fashion, deliver an agenda and talking points on stone tablets. But the burning bush, so to speak, is delivering a blindingly simple message: Behave like Republicans.
Unfortunately, too many in our party are not yet ready to return …

Our Columns »

[27 May 2008 | 3 Comments | ]

Among our longest-standing political clichés is that Social Security is the third rail in American politics—threaten it and you will be politically electrocuted. This could easily happen to John McCain come general election time, and here’s why:
A few years ago, 2005 to be exact, George W. Bush sidled up to the issue by proposing the creation of private social security investment accounts to supplement the present system—in effect partially privatizing the system. It didn’t take the public long to recognize that this was the first stage of the ultraconservative agenda …