Our country now faces one of its greatest financial challenges in recent memory. The subprime mortgage crisis, the resulting “credit crunch,” a volatile stock market, and skyrocketing oil prices have all collided in a perfect storm.
As a think tank committed to conservative policies, both domestic and foreign, we felt that the current economic climate was worthy of an issue of inFOCUS.
Thus, this issue marks a departure for our journal. While several writers look at the economies of the Middle East, most of our analyses in this edition address the U.S. economy.
Readers may also note that this issue does not feature a high-profile interview. Instead, we’re running first person articles by John Bogle and Jack Kemp. We are honored to publish their original work.
We are also honored to publish an original piece by our chairman, Dick Fox, who concludes that notwithstanding the housing crisis, “the U.S. economy is the strongest, most resilient economy in the world.”
Indeed, despite a stream of bad news from CNBC, the Wall Street Journal, and other financial news outlets, Messrs. Bogle, Fox, and Kemp maintain a positive long-term outlook.
We concur. In the long term, there is every reason to believe that the U.S. economy will grow and prosper.
We hope you enjoy this issue of inFOCUS, and ask you to please make a tax-deductible donation to the JPC. Your gift will ensure that inFOCUS continues to go from strength to strength.