The prevailing political wisdom says that a U.S. president should win re-election if gasoline prices are stable, the stock market is climbing and monthly jobless numbers are declining.
As President Barack Obama has learned, the economic conditions left by a previous administration can be a heavy burden on a president’s record.
After getting settled in a new house, who doesn’t want to take on a home improvement project?
You don’t hear much about the battle of the Machine Tool Reserve anymore, and that’s a shame. Fought inside the Beltway in the mid-1950s, it was a defining tussle over the nature of postwar national defense.
"The other members of the IMF have little choice but to sit and wait for the United States."
- Harry Truman on Mar 19, 2014