We're Not in Kansas Anymore

The dominant news narrative of the past few weeks has been "it's the economy, stupid," where the only things trickling down are retirement savings, stocks and gas prices – not the rising-tide-that-lifts-all-boats promised by supply-side economics.

As the Fed tries to shore up the levees against the derivative deluge – and as politicians seek to redistribute wealth upward – other equally important things are happening in the world, which is why I have a problem with bumper-sticker phrases like "it's the economy, stupid." It reduces politics to economics, as if po