Shamus Cooke: The coast is clear, the media tells us; economic disaster has been averted. The Euro Zone is finally stable and the U.S. economy is recovering. Whew! Why, then, are government policies internationally still pursuing extremist measures?
John Peeler: I suggest that as bad as things are, economically, politically, socially, they are not bad enough to permanently shift the way we think, to force changes in what we consider to be common sense. Such a fundamental reshaping of the political landscape has occurred only a few times in our history.
Only a few commentators, including the president, seemed to sheepishly realize the irony of his receiving the prize shortly after escalating one war and while continuing to fight another. You would have thought that the escalation alone would have been enough to satisfy all of the warheads at home; but to stanch the domestic fallout from being associated with too much peace, Obama, when accepting the peace award, gave a speech defending war.
As he refines his economic message on the campaign trail this summer, Republican John McCain has made it clear that, previous positions notwithstanding, he has now embraced the Republican economic orthodoxy: eliminate regulation, cut taxes on corporations and the wealthy, and the free and unfettered market will take care of everything. This economic formula was [...]