Kathleen Peine: Universal healthcare is off the table, of course. Because in America, our table is only open for fine dining. It’s that or nothing, kid.
Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?
Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.
Adam Eran: Bill George, the press secretary for Congressman Tom McClintock protests that in some previous editorials, I’ve maligned his boss with “utterly preposterous charges.” Unfortunately, I’ve done my homework, and Mr. George’s specific answers are either wrong, or misleading.
The two most important features of the administration’s plan to help homeowners are, first, its support for amending bankruptcy laws to allow judges to modify mortgages. This will give homeowners bargaining leverage with mortgage servicers (and give the servicers more leverage with securitized creditors on up the line) to get better terms; and, second, a […]
by Robert Reich — McCain and Obama represent two fundamentally different economic philosophies. McCain’s is top-down economics; Obama’s is bottom-up.