Senior democrats are stunned by Henry Waxman’s defeat of John Dingell in the run for heading the House Energy and Commerce Committee. Previously, holding a position for a long time had been enough, but as President-Elect Barack Obama ushers in a new doctrine of change, seniority is losing steam.

According to the Washington Post:

Rep. Henry Wax...

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Today Alan Greenspan appeared at a House committee hearing to address the current economic crisis, where the NYU and Columbia alum stated that there is a fundamental flaw in the free market system, much to the chagrin of conservative deregulators who have sailed along with lofty catch phrases like “laissez faire.” Yes, the four term former Fed c...

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