Walter Moss: With House Speaker John Boehner unable to convince uncompromising Republicans to give just a little to avoid the “fiscal cliff,” the lessons that Lincoln, Spielberg, Sandburg, and Kennedy have to offer seem more important than ever.
TEd Vaill: The Republicans should remember that the vote in the 2010 elections, especially in Middle America, was not a vote of support for them, as their approval rating is worse than the Democrats, but it is a sign of huge discontent: a house that is underwater, with no relief from their crushing mortgage debt in sight, a job that has vanished or is in danger of being shipped overseas, diminishing hope that they will be able to afford to send their kids to college, and a feeling that their government has turned a blind eye to their problems.
Hank Paulson has just about burned through $300 billion, and it’s not clear what the public has got out of it. Perhaps things would be worse without the bailout but they’re certainly no better. Wall Street banks have not significantly stepped up their loans to small businesses, college students, car buyers, or distressed homeowners. Much [...]