The Simple Arithmetic of Hank Paulson's Financial Disaster
Financial markets just gave Hank Paulson a vote of no confidence. His inaction has triggered a chain reaction. Unfortunately, it's the rest of us who will pay the price.
On Monday afternoon I got a blast email from the Obama campaign. I immediately wondered what I was going to be asked to do: Donate to the Franken campaign? Make calls for Jim Martin down in Georgia? It turned out to be neither. The campaign was letting me know that barackobama.com was directing visitors to volunteer for relief efforts to aid the victims of the Southern California fires. Obama's high-tech outreach has been instrumental in getting people to donate millions of dollars and contribute millions of hours working on the campaign. Now, with Americans facing economic challenges unlike any in our lifetime -- with metaphorical fires burning all across the country -- will it become a hub for civic action?
Financial markets just gave Hank Paulson a vote of no confidence. His inaction has triggered a chain reaction. Unfortunately, it's the rest of us who will pay the price.
As a professor of global affairs and an international security advisor to both the U.S. military and President of Afghanistan, I say if Obama wants to mend scars he should send her flowers.
We're seeing an amazing act of willful ignorance here. The predicament that Detroit has found itself in is an American business tragedy. Let's not make it worse by lying to ourselves.
It is almost irrational to give finance the instruments to do more of what has brought us to the brink. The prior bailouts each contributed one more element to the unsustainable leveraging we have now reached.
This week the Senate voted to remain an exclusive club of self-protection and entitlement by letting Bush enabler Joe Lieberman keep his gavel, but the House has voted for progress.
In a nutshell, the Pentagon's argument couldn't be simpler or more red-bloodedly American: We have too much stuff there to leave Iraq any time soon.
For white Americans, the election of Obama does not mean the conversation on race is over, that we are past race as an issue, and that we can now forget about affirmative action.
I submit to you, Sen. Lieberman, that you were punished yesterday more than you realize. Stick with me on this. I'll explain: it never fully occurred to me how Obama would use his strengths in a position of leadership. Until this week.
Right-wing critics of public employee pensions will use any angle to convince folks that these plans are bankrupting states, cities and towns. However, they are an essential part of the capital market.
Several prominent human rights and legal organizations launched a campaign in Berlin on November 10, aimed at persuading European countries to accept cleared prisoners from Guant�namo.
Let's not be coy about the real agenda here. Republicans like Mitt Romney see this as an opportunity to wage war against the UAW.
To pick Clinton would send a message indeed: that the U.S. is a leader on women's rights across the world. Clinton also has the bona fides to match any other contender on foreign policy issues not related to human rights.
Waxman is now in a position to haul the energy executives onto to the floor and expose this campaign just like he did with Big Tobacco.
Obama fundamentally trusts markets, but believes that they make grievous errors (I'll say!), and that those errors must at times be aggressively corrected. Is that a new idea? If so, then no wonder we're screwed.
Huckabee has decided to take Romney to task, not only as a way to settle an old score, but to fire a warning shot across Romney's brow in preparation for the 2012 Republican primary.
Rep. Dingell, as the chair of the House energy and commerce committee, was nothing more than a shill for the auto industry, working overtime to suppress any attempts at controlling pollution or raising mileage limits.
The positive and uplifting spirit of the African American community and all others of goodwill will not be broken by the these latest random acts of madness -- the threats made against Obama.
If Emanuel's legendary aggressiveness were put to work in the service of "good government," he might, indeed, do wonderful things. But I somehow doubt that's what Obama has in mind for his friend.