For anyone who's really concerned about government deficits, Pete Peterson's one-sided approach is incomprehensible. Unless, of course, he's acting in pure Randian self interest on behalf of himself and his peers.
Having inflicted enormous damage on tens of millions of families who have lost their jobs, their homes and/or their life's savings, it would be nice if Rubin could have the decency to fade from the public scene.
What are we to make of the BIA? Is it an offshoot of the CIA? As they trundle back and forth between Wall Street and Washington, does the information the CIA officers glean in one venue seep into the other?
The state of the union is just miserable, no matter how President Obama sugarcoats it. He will claim that progress has been made in the markets, national security and health care, and he'll be wrong on all fronts.
We can call the 2000s the "Worse Than Zero" decade or the "Big Zero," or anything we wish, but what characterized it most for me was the near total control of corporations, especially over our civic institutions.
Public and private are now substantially blurred, as the "transnational" political elites and the financial elites have become literally the same people. It is a condition which leaves the people feeling unrepresented.