You Morons, What Have You Done With Our Money?
Was it too much to ask Congress to examine this government intervention in the free market critically before authorizing the transfer of US taxpayer dollars to benefit the banking sector?
Was it too much to ask Congress to examine this government intervention in the free market critically before authorizing the transfer of US taxpayer dollars to benefit the banking sector?
Scott Malcomson | Posted 01.21.2009 | Politics
The rich countries, most innovatively or desperately the United States, are right now developing alternatives to their own system, and very possibly undermining it -- in order to save it.
Rob Kall | Posted 01.17.2009 | Media
Investigative journalism is at risk. And investigative reporting is not something that can be outsourced or depend upon other countries' workers to do properly.
Mark Winston Griffith | Posted 01.12.2009 | Business
This entry is cross-posted on the DMI blog. n yesterday's New York Times, Howard Husock at the Manhattan Institute repeated the tired old argument th...
Hoyt Hilsman | Posted 01.09.2009 | Politics
This is a mess. Everybody in the auto industry is staring into the abyss - the automakers, the unions, the suppliers, the dealers - not to mention the government and the taxpayers.
Mark Winston Griffith | Posted 01.04.2009 | Business
A version of this entry was posted on the DMI blog. It's remarkable how the Bush Administration keeps missing the mark on the mortgage and foreclosur...
NY Times | DIANA B. HENRIQUES | Posted 01.02.2009 | Politics
The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strate...
Elizabeth Rigby | Posted 12.28.2008 | Politics
In light of the tremendous challenges facing our country, I am grateful for a government big enough to help us weather the financial storm.
Rep. Jesse Jackson Jr. | Posted 12.27.2008 | Politics
Instead of spending money on more band-aids, a revised Constitution with a health care amendment would give direction to a unique American purpose and, over time, solve an historic problem.
Henry Blodget | Posted 12.27.2008 | Business
One of the goals of the latest plan is to reduce mortgage rates through government buying of mortgage-backed securities and Fannie and Freddie debt. And it worked immediately.
The Big Picture | Barry Ritholtz | Posted 12.26.2008 | Business
Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a ...
Tim Berry | Posted 12.25.2008 | Business
Paul Krugman was awarded the Nobel Prize a while back for his work in Economics. He should get a Pulitzer to add to his award shelf for his writing about the economic mess.
The Media Consortium | Posted 12.19.2008 | Business
The Bush administration is squandering hundreds of billions of dollars on incompetence again -- the whole thing is beginning to look a little too much like Iraq.
Ray Kimball | Posted 12.18.2008 | Business
The hard truth of the matter is that truly innovative ideas, which could be "game-changers" on the battlefield, have been AWOL from Detroit's methods of operation for some time now.
David Sirota | Posted 12.18.2008 | Politics
Now, with bipartisan congressional anger mounting, we may see a forceful legislative campaign to take back what remaining money Paulson wants to give away to his friends on Wall Street.
Aaron Greenspan | Posted 12.10.2008 | Business
If we were to start employing Americans for much-needed technology initiatives, not just those companies who can afford to send lobbyists to Washington, our economy would be in much better shape.
Naomi Klein | Posted 12.05.2008 | Politics
The first order of business -- and one that cannot wait until inauguration -- must be halting the robbery-in-progress known as the "economic bailout."
David Epstein | Posted 12.01.2008 | Business
Unless we can move beyond this dichotomy of "more" or "less" regulation and develop a new language of regulation, the public dialogue, and the policy that flows from it, will be incomplete and flawed.
David Sirota | Posted 11.19.2008 | Politics
Our government is blacking out the parts of public contracts that explain how much taxpayer cash private contractors are going to be paid. Perhaps this is what Paulson meant when he promised transparency.
Robert Reed | Posted 11.15.2008 | Chicago
All this ruckus over the financial rescue package is prompting many people to cook up their own plans for saving our economy. One innovative idea goes like this: Screw bailing out banks, give money directly to the American people.
Hermene Hartman | Posted 03.02.2009 | Politics
It is not about the old man and the new kid. It is not about gender politics. The campaign has gone green. It is now about who can turn this economy around.
Crain's Chicago Business | Paul Merrion | Posted 11.13.2008 | Chicago
Like many Chicago execs, Robert Glickman is studying the fine print of the $700-billion federal financial rescue plan. "I don't think they'll buy a l...
Martin Varsavsky | Posted 11.11.2008 | Business
How does the US government explain that the salaries of the people who brought us all down deserve to be so much higher than their own?
Dr. R. Keith Sawyer | Posted 11.07.2008 | Business
"Commercial credit is the creation of modern times and belongs only to the most enlightened and best governed nations." I stumbled on this frieze after giving a talk at Harvard Business School.
Michael Pento | Posted 11.07.2008 | Business
Currently, about ten cents on every tax dollar goes to paying just the interest on the national debt. Interest on the debt alone will grow to 12.4% of our entire GDP by 2050.
Gail Vida Hamburg | Posted 01.22.2009 | Business