
Daniel Griswold
Tip O’Neill, former politician and Speaker of the U.S. House of Representatives from 1977 through 1987, coined the phrase “all politics is local.” This belief, which encapsulates the principle that a politician's success is directly tied to his or her ability to satisfy the needs of local constituents, is still repeated in the halls of the U.S. Capitol. But politics may be the only thing that’s still local.
The specter of currency wars rises like a phoenix once again. This time around, most of the warriors reside in Washington, D.C. The strong dollar has inflamed the currency warriors led by Democratic Senator Chuck Schumer from New York and Lindsey Graham, a Republican Senator from South Carolina. These mercantilists argue that “cheap” foreign currencies give the U.S.’s trading partners an “unfair” advantage, something worth doing battle over.
A number of pundits continue to say how well the economy is doing, that inflation and unemployment are under control, that jobs are being created at a rapid and consistent pace, and that our economy is growing at rates not seen in more than a decade. Depending on your statistics and perspective, that may seem true.
As a Silicon Valley entrepreneur, I, like everyone else working here, is cheering that we are finally going to get Net Neutrality. The question I have is this: why do Silicon Valley businesses, companies that depend heavily on the internet, care so much about Net Neutrality, and why is Fox News and many vocal republicans, so adamantly against it?
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