I know predictions are risky in politics — but who wants to “play it safe?” Not me. So here it goes.
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The coup d’etat carried out against the legally elected president of Honduras on June 28 is meeting with worldwide resistance which is as strong as it is broad. Not a single country around the world is supporting it. The United Nations General Assembly and the Organization of American States have declared emphatically that they do not recognize the coup regime.
As the new fiscal year begins, the situation facing states is dire. This was glaringly illustrated when California was forced to issue IOUs for the first time since the Great Depression while it finds a way to close a $26 billion budget gap.
In the good old days one of the most enviable of jobs was that of a commentator or writer whose responsibility it was to explain to us in the mass audience why rich people are so necessary to maintaining a strong economy. On a normal Monday morning they began their work day by issuing ready-made pronouncements that disposed of any proposal that might have resulted in even the slightest reduction in wealth for anyone who is rich.