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John F. Wasik

Entries by John F. Wasik

You Can Still Retire, Really!

(6) Comments | Posted September 2, 2010 | 10:29 AM

Could you read another report that shows how little Americans have saved for retirement in these troubled times? I know it's difficult, so I came up with a simple formula for figuring out how much you need.

Pencil in how much money it would take for you to live comfortably...

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Five Ways to Cut College Bills

(0) Comments | Posted August 25, 2010 | 10:34 PM

I can hear the quaver in the voice of my neighbors as they send their children off to college this week. Not only do I sense the emotion of having a child leave home, but the anxiety of what it's going to cost.

The financial part, at least, doesn't have...

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What to Create Millions of Jobs? Look to China

(14) Comments | Posted August 13, 2010 | 10:24 AM

American politicians campaigning now would do well to stop polarizing the climate change debate and start talking about jobs, economic development and beating China at its own game.

That would mean employing social capitalism to create a powerful national energy plan that ignites the private sector through public incentives. Although...

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What Not to Do For Earth Day

(1) Comments | Posted April 22, 2010 | 4:54 PM

By John F. Wasik

Well, it's been 40 years since Gaylord Nelson and his band of earth warriors launched the modern environmental movement.

What have we learned? Global warming is a threat. We're still polluting the planet. More people means more loss of species, deforestation, desertification,...

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Greenspan Knew Everything About Bubble But Did Nothing

(5) Comments | Posted April 8, 2010 | 12:37 PM

Just for the record: Alan Greenspan knew about the housing/debt bubble and did nothing to prevent it from bursting.

Not only did he know how the bubble was inflating, but how Wall Street and Americans took advantage of it to buy real estate in a mass...

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Closing The $1.5 Trillion "Fix-Up" Gap in Obama's Economic Plan

(0) Comments | Posted October 8, 2009 | 12:57 PM

Let's face it. America is one giant fix-up project. Bridges are crumbling. Public transportation systems are rusting. Water mains are leaking. Getting everything repaired and modernized is perhaps the largest and most expensive "honey do" list imaginable.

As I discovered in researching my new book Audacity of Help: Obama's Economic...

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Inside Scoop: The Real Barack Obama Revealed!

(0) Comments | Posted September 22, 2009 | 1:22 PM

Socialist. Communist. Hitler. Racist. The Joker. Has any president in recent memory been called so many names so quickly in his tenure?

It took a second term for George W. Bush, Bill Clinton and Richard Nixon to achieve pariah status among their detractors. President Obama is getting the primary-schoolyard...

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How Glenn Beck Can Become a Progressive -- Really!

(5) Comments | Posted September 15, 2009 | 9:50 AM

When I was on Glenn Beck's Fox show a few months ago, I was apprehensive that he was going to malign me and the publisher of my columns. After a fairly mundane, fairly apolitical chat about the sorry state of the US home market, though, we both went our separate...

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Future of Health Care Is Nasty, Brutish and Short

(17) Comments | Posted September 10, 2009 | 10:54 AM

If a meaningful health reform plan doesn't pass, life in the U.S. will be inhumane and our country will begin to look like Great Britain after World War I -- hobbled and facing unrelenting poverty.
As I discovered in researching my new book Audacity of Help: Obama's Economic...

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Get Ready for 'Son' of Stimulus Plan

(1) Comments | Posted September 4, 2009 | 11:00 AM

So, where are the jobs? Even as the fog seems to be lifting over housing, manufacturing and the financial sector, the unemployment rate continues to float ever higher.

Despite the largest economic bailout in America history, the jobless rate soared to 9.7 percent in August. All told, nearly 7...

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What Went Wrong

(1) Comments | Posted August 31, 2009 | 10:17 AM

Like FDR, Obama proposed a lofty agenda that will concentrate on creating employment and eventually economic security for working Americans. As a president who has a deep sense of history -- it's evident in his speeches, writing, and policy proposals -- Obama stated in his Audacity of Hope that "today,...

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How Obama Fumbled Health Care Message

(3) Comments | Posted August 25, 2009 | 10:52 AM

Foul. Turnover. Two strikes. No matter which overused sports metaphor you use to describe the Obama team's handling of their health care reform agenda, it's clear that the best one to date is "fumble!"

The most audacious health plan in two generations is sputtering thanks to really awful communication planning,...

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Want to See Neighborhoods that Beat the Bust? Take a Walk

(3) Comments | Posted August 12, 2009 | 10:44 AM

You want to find a neighborhood that will hold its value and may even appreciate once the housing recession ends?

Take a walk.

Communities that have amenities and services within walking distance and don't require a car may win out over time and may even reward you with equity gains.

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The American Dream is Leaving the Station

(9) Comments | Posted July 21, 2009 | 11:28 AM

With every new story about the housing crisis, a piece of the American dream fades into dust.

Foreclosed properties sold on the courthouse steps in Atlanta don't attract enough buyers. California homeowners awaiting foreclosure neither pay their mortgage nor any rent; they are squatters in a property they hoped to...

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How Green Building Can Save the Housing Industry

(6) Comments | Posted July 10, 2009 | 11:39 AM

Green is gold. Why didn't homebuilders get this idea? They could be building new homes again, employing millions, making inner cities and suburbs habitable and bring down the cost of housing for everyone.

Homebuilding needs to join the 21st century and apply the best, efficient technologies to lower costs...

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Revive U.S. Housing by Killing Cars and 'Spurbs'

(1) Comments | Posted June 24, 2009 | 3:17 PM

If U.S. housing is going to rebound long-term, we need to vanquish the car and stop encouraging sprawl.

First, let's hasten the demise of the spurb, an ugly word I made up to describe sprawling, unwalkable urban-suburban areas that have no connection to public transportation and central cities.

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The Unattainable Home

(5) Comments | Posted June 12, 2009 | 4:33 PM

Even before the home bubble burst, homes cost too much for more than four out of ten Americans. Only 56 percent of Americans could afford a modestly priced home in 2002, the first full year of the bubble. And as Americans went deeper into debt to finance their dream, they...

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Homes Still Cost Too Much

(34) Comments | Posted June 3, 2009 | 11:50 AM

You would think with home prices still dropping like hailstones in most areas, that homes would be bargains.

The present buyer's market obscures a key fact about the housing crisis though: millions sought the refuge of cheap credit, subprime and adjustable loans during the boom because they were the easiest...

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