The worst financial crisis since the Great Depression has sparked a great reckoning. Obama now argues that it represents a "failed philosophy." Yet, the Iraq War, surely the worst foreign policy debacle at least since Vietnam, has had little effect in challenging the "failed philosophy" that an imperial America is the "indispensable nation" needed to police the globe.
That's easy. You ask them how failure to pass the bailout will give us a Great Depression.
Now that the government has been terrified into rubber-stamping the Wall Street bailout, what happens now? I wish the news were better, but in opinion, here's the most likely scenario.
If you give them the $700 billion, make them issue stock. Make every recipient of the bailout issue stock in return for our "investment." Make them sell a stake in their companies.
Thanks in large measure to the struggle and sacrifice of Del Martin and Phyllis Lyon, gays and lesbians can finally legally marry in California. But Proposition 8 seeks to eliminate that right.
The McCain camp is claiming it didn't know about Gwen Ifill's book prior to agreeing to her as moderator for the VP debate. If that's true, it just shows the campaign's incompetence.
Besides a complete overhaul, a few prosecutions might be just the medicine the FDA needs.
How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of telling us if we don't instantly give Wall Street $700 billion, then we are destroying America.
One of the things that hasn't been covered much coming out of the debate, is that McCain's Iran policy has turned to absolute gibberish.
On foreign policy, Obama appears to have no new ideas. He is partially recycling his past eureka moments, while partially aping some of the Bush administration's recent successes.
A better alternative to the current plan is one that directly addresses the ability of U.S. banks to increase their capital accounts and their willingness to lend to bank and non-bank borrowers.
This Jewish holiday begins a ten-day period during which Jews spend time in self-reflection and repentance -- I can't think of a better thing for the members of Congress to do while at home.
