American Consequences - July 2017

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legislature.” Will Rogers himself called Kin Hubbard “America’s greatest humorist.”

to do. Why would you think the Dems wouldn’t do the same? Politics in 21st century America! – Tony V Buck Sexton comment: Thank you for your spirited email Tony. Unfortunately, your facts are in error... Scooter Libby was never charged with leaking anything, he was charged with lying under oath and obstruction of justice. You note Bill Clinton and say nothing was ever found on him. But in fact he lied under oath, which is perjury – exactly what got Libby into trouble. Clinton should have been prosecuted, but was only disbarred and impeached instead.

Re: The Fed Don’t Mean a Thing The Fed does not set the Federal Funds Rate either. The Federal Funds Rate is an average of the rates negotiated by private banks for the overnight lending and borrowing of “excess” reserves. The only rate the Fed can set is the discount rate that the Fed charges on reserves it lends to private banks. – Ken Miller Dr. David Eifrig comment: Correct. The full name is the Federal Funds Target Rate. The Federal Reserve changes the discount rate with the goal of hitting that “target.” It usually works fairly well, but the Fed doesn’t even have complete control over the rate that bears its name! Re: Trump Must Beat the Siege Funny how you cherry pick your situations... Scooter Libby (probably Cheney) committed a crime revealing a CIA undercover agent. But you failed to mention the ongoing witch hunt that followed Clinton through his tenure with nothing ever found. (Lying about having sex!) The GOP also attacked and blocked everything that Obama tried

Chip Bok Editorial Cartoon used with the permission of Chip Bok and Creators Syndicate. All rights reserved.

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