AltWeeklies Wire
Dude, Where's My Bailout?new
The newspaper biz could use some government help too. An open letter to Treasury Secretary Henry Paulson.
New Haven Advocate |
Andy Bromage |
09-25-2008 |
Economy
Obama's Mortgage Plan Has Already Been Tried and Defeated in Congressnew
Obama's proposed legislation would allow judges to adjust the mortgage terms of homeowners who are in bankruptcy, so they'd have a better chance of saving their homes from foreclosure. But such legislation was considered by the Senate in April, and defeated. Both Arkansas senators voted against it. Both say there's a good chance they'd do so again, even if the bill had Obama's backing, and even though they're both Democrats and supporting Obama for president.
Arkansas Times |
Doug Smith |
09-25-2008 |
Economy
Dean Baker: No Blank Check for Wall Streetnew
Done properly, Baker says, the $700 billion "bailout" of Wall Street and the big banks shouldn’t cost the taxpayers a dime. "My view," the progressive economist told the Indy following a speech in Raleigh, "is that [the bailout] is necessary, but if it's structured right, we're not giving the banks anything. We're keeping the banks functioning, and that's in the public interest."
Walking the Tricky Tightrope: How Can We Solve the Economic Crisis?
Forests are restored by fire, and so are markets. In a real market, I'd be inclined to say we should let it burn. What grows up to replace the old forest is always healthier. But thanks to greed and mismanagement, ours has clearly become a fake, faith-based market. So we're left to attempt to bring our economy in for a soft landing, hopefully enabling the kind of fresh start we need without endangering people's money.
The Inlander |
Ted S. McGregor Jr. |
09-24-2008 |
Commentary
Comrade Bush Nationalizes the Banksnew
The panicky flight from free-market orthodoxy in the United States is bound to fuel a revival of government intervention and welfare-state policies in the rest of the world. In the United States itself, however, they are likely to hang the wrong culprit in the end.
The Georgia Straight |
Gwynne Dyer |
09-24-2008 |
Economy
Economic Meltdown Helps Set the Presidential Campaign on the Right Coursenew
Our bet (and certainly our hope) is that the ever-worsening economic crisis will force American voters, afflicted directly in the pocketbook, to look away from the Disney-like scenarios which have dominated political coverage since the two national political conventions and dare to look the abyss in the face.
The Memphis Flyer |
Editorial |
09-19-2008 |
Commentary
Wall Street Meets the Presidential Campaignsnew
Wall Street's meltdown is more dangerous than realized. McCain is clueless, but does Obama recognize the root of the problem?
Boston Phoenix |
Editorial |
09-18-2008 |
Commentary
