Countless theories about the economic crisis were aired last week in Davos during the World Economic Forum. But many of the voices heard were the same...
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The Lexington scandal helped me understand why some in the big city media were going easy on the Wall Street mess, while people like me, living in the heartland, are going crazy about their excesses.
To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.
Ironically, while Bush and Cheney were obsessing over al-Qaida, and searching under every rock in Afghanistan for Osama bin Laden, the real danger to America was at home -- on Wall Street.
America is suffering. She is, however, afflicted with an avoidable condition she brought on herself, like a hangover. Only this one's interminable and internationally contagious.
Those of us who run our own businesses don't get bonuses if we lose money. We usually don't get bailed out or taken over. If we lose enough money, they lock us up and board up the front windows.
A big time recovery plan for Main Street focused on the investments we need is one key element of the change we need. And one that President Obama surely supports.
Wall Street's troubles have not only filtered down to
They have crushed Main Street. With cash flow and credit lines drier than...
There is a fraternity-like mentality that exists among corporate CEOs. There is an illusory standard of what "moral" or "legitimate" actually means in decision making for that elite crowd.
For a Yale economist to play "blame the consumer" is incredible enough, but to use that argument ostensibly in support of "bridging the wealth gap" is disingenuous at the least.
Wal-Mart's PR team thought that helping "Main Street" sounded good -- even though businesses on Main Street will tell you that Wal-Mart is the Grinch who stole their Christmas.
John McCain fell in love with Joe the Plumber and proclaimed that we were all like Joe. But no one has stood up so prominently for the millions of Americans who would gladly switch places with Joe.
Unquestioned faith in the old order produces shock and panic as one pillar after another crumbles and falls. So it is with cursedly interesting times.
Let's hope more people will think about today's situation in togetherness terms, not we versus them, because that state of mind cannot solve the problems we all share today.
The Republicans have always opposed regulation of business that protects the "little people" against greed-ridden and corrupt practices of insatiable corporate elites.
The World Bank and IMF held their annual meeting in Washington, DC, this weekend, and of course the global economic meltdown was on everyone's minds.
The problem with this turn of phrase, besides dumbing down our discourse or sounding cliché, is that it assumes a good-versus-evil duality to the financial problem at hand.
The President and Congress have finally allowed us to allocate $700 billion to a policy, about whose success they are, at least reasonably, doubtful. They should enact new regulations.
Let's face it: the Bailout Bill doesn't get to the heart of what's wrong with our economy. Neither you, nor I, nor many of those who voted for it believe that this bill will solve the pressing issues American families face.
Few people can afford to treat themselves to an occasional red velvet cupcake or a ham and cheese croissant when a gallon of milk can as much as $4.
As to the anger toward Wall Street, I certainly understand it. As to anger toward those who are in housing trouble, I have a different point of view.
The House Republicans will be to blame for any calamities that may yet be in store for our economy. Their objection to the modified Paulson Plan was not ideological, it was political.
By Stephen C. Rose
Each morning I dutifully post links from sites I value for their news sense or opinion pertinence.
Today the general theme is bai...
Main Street America is sending a clear message to Washington these days: Don't direct all your help to Wall Street. Give us the tools we need to dig ourselves out of our own economic crisis.
The economic crisis will pass but America's biggest crisis is the fact that Washington is an 18th Century American political system operating in the 21st.
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