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December 22, 2008
Banks have stopped lending money, so the Federal Reserve is printing more. That's the wrong way to resolve our economic crisis.
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December 17, 2008
The $50 billion fraud is bad enough. But the disgraced trader has done even more serious damage. He's destroyed trust in our financial system.
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December 12, 2008
In the auto industry's latest trial by fire, Senate Republicans lit the match--and what's left of the economy could go down in flames.
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December 11, 2008
College endowments and workers bear the brunt of hedge fund managers' gambles and private equity takeovers.
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November 26, 2008
Forget big bailouts. The fed should finance non-profit state banks like the Bank of North Dakota--no profit means no reason for bankers to misbehave--to get real money to real people in the real economy.
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November 21, 2008
Wall Street was buoyed by the appointment of Timothy Geithner as Treasury Secretary. But that can't offset worries that deflation will compound our economic woes.
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November 18, 2008
The bailout should be used to expand unemployment compensation instead of propping up a single, failing corporation.
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November 14, 2008
A little under $300 billion of the $700 billion bailout has been invested, loaned out or lost. And as long as Henry Paulson's in charge, we won't know where it went.
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November 10, 2008
Saving jobs by giving automakers large amounts of cash is a very expensive form of trickle-down. What we need is a clear plan about how automakers will use the money.
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November 7, 2008
Obama can change the way Washington does business by mobilizing his grassroots ground operation to push his legislative agenda.
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October 29, 2008
Doesn't anyone in Washington have the courage to pull the plug on an industry on life support?
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October 23, 2008
New York's City Council grants Mayor Michael Bloomberg the opportunity to run for a third term. He'll probably win, but will New Yorkers?
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October 15, 2008
Henry Paulson's latest plan takes us further down to road to state capitalism, whose only principle is to protect the bankers who created the problem.
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October 10, 2008
When the markets calm down, liquidity returns and we are sunk in the inevitable recession, America can remake itself into a saner, more humane society.
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October 6, 2008
The Dow falls below 10,000. As deflation destroys wealth and unemployment rises, America braces for tough times ahead.
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October 2, 2008
As the next Congress creates a new regulatory structure for our crippled financial system, job one is breaking Wall Street's grip on capital and credit.
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September 30, 2008
If everyday life is hit by a deflationary wave, it will bring extreme hardship to millions.
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September 26, 2008
Take a lesson from Andrew Jackson: Rely on regional banks, not Wall Street, to get money in the hands of people who need it.
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September 24, 2008
Remember the National Lampoon cover showing a puppy with a gun to its head? That's the Paulson plan.
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September 19, 2008
Even without knowing the specifics of Paulson's staggering rescue plan, you can kiss the environment, preschool education and health insurance for all goodbye.
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September 18, 2008
Fifty-seven million American families, who put their money in theoretically stable investments find themselves staring into the abyss.
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September 17, 2008
As bigwigs get bailouts, taxpayers ponder layoffs, ruined retirements and wiped out college funds. Yet neither McCain or Obama have tapped into that anger.
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September 15, 2008
If we can collectively resist the urge to sell and cement our losses, the cratering economy could finally hit the floor.
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September 12, 2008
Taking over Fannie, Freddie, banks and brokerages is one thing; knowing what to do with them is something else.
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September 8, 2008
A historic line has been crossed. With no debate or commitment to policy or principle, an enormous segment of the American economy has been turned over to the government.
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September 5, 2008
Drug-related violence tearing Mexican society apart. Is America next?
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August 26, 2008
Our paychecks are disintegrating as we drive them to the bank. Forget hope and change: why aren't the candidates talking about inflation?
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August 19, 2008
Some 200,000 college students won't qualify for loans in September, and millions more will pay higher interest rates. Can they count on Obama to help them out?
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August 14, 2008
Americans know all the details of the John Edwards affair. But they remain in the dark about a scandal that affects the livelihoods of millions. Who orchestrated the fall of Bear Stearns?
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August 12, 2008
Until they come up with real solutions to our current economic crisis, Obama and McCain should stop trying to buy votes with fuel rebates.
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August 2, 2008
With millions of first time-voters expected to go to the polls in November, never has an insane political system been more in need of explanation. You won't find much help here.
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August 1, 2008
He has taken black parents to task for failing to inspire their children; it's a message that needs to be addressed to white America as well.
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July 23, 2008
The architects of America's disfunctional financial system allowed Wall Street gamble with our retirement savings--and now they appear to have lost it.
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July 15, 2008
America is shaken by images of panicked customers lined up to withdraw money from the failed IndyMac Bank.
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July 2, 2008
Now that rising gas prices and plummeting sales of gas hog vehicles has gotten everyone's attention, let's talk about a long-term plan.
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June 9, 2008
Forget change you can believe in and start dealing with the changes coming at you as fast as the price of fuel makes its way skyward.
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May 30, 2008
The Fed Chief believes if he pumps enough money into the economy, he can stop the slide of house prices and thus stave off financial disaster. How's he doing? So far, not so good.
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May 15, 2008
An irreverent lexicon of terms that paved the way to the subprime mortgage meltdown.
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May 9, 2008
The Fed scrambles for solutions to the mortgage meltdown--but saving prudent homeowners also involves bailing out a huge number of wealthy speculators. What good is that?
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April 30, 2008
As Clinton and McCain pander to frustrated voters with tax cuts, the real remedies to rising gas prices go unexplored.
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April 15, 2008
If you had to choose between Hillary or God for economic assistance, who would you cling to?
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March 28, 2008
Gas is up, sneakers are up, onions are up and eggs, too. The only thing that is not up is your income.
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March 17, 2008
As the federal bailout of the banking industry continues, is it too much to ask that McCain, Clinton and Obama abandon their blue-sky promises and address reality?
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March 7, 2008
How Saul Alinsky would plan Obama's inauguration, and his government.
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February 13, 2008
If John McCain picks Condoleezza Rice as his running mate, Democrats should be afraid. Very afraid.
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February 8, 2008
South Africa's growth rate is outstripping its ability to generate electricity. There's a message here for us.
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January 31, 2008
OK, three-quarters of what he says is wacky. But his view of the Fed's contribution to rampant inflation is right on the money.
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January 23, 2008
The Clintons cannot compete with the enthusiasm Obama sets off so they are trying to destroy it. They just may succeed--but at an awful price.
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January 18, 2008
No matter how much it adds to inflation, the Fed, prodded by Wall Street, is poised to again lower interest rates--punching an even bigger hole in our purchasing power.
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January 9, 2008
There's a lot to like about Mike Huckabee. But when you look at his record, there's a lot to worry about.
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