Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.
Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.
There can be little doubt that the biggest loser in this election was the political brand of Karl Rove and his politics of divisiveness and fear. The major policies of the Bush administration, including the war in Iraq and its overwhelming bias toward the super-rich, were also repudiated. Earth to Neo-Cons: In the words of [...]