Recently in Domestic Political News Category

Since the Dow started its downward spiral all economists have focused on how to save our economic system. The same economists that led us into the current quagmire are offering solutions for extricating ourselves from it. More of the same, more of the same. It's time to disregard the old economists and to try to rebuild our capitalism.

The economy is nosediving and we need to do something, not to restore the credit markets (what does that mean?) nor to increase confidence (which is elusive), but to help the citizens of the U.S. who are and will be in financial trouble. We need a bailout alright but not a bailout of fat cats who will get along nicely regardelss of what we do, but a bailout of workers and homeowners.

Eight years of Bush-Cheney have given us ample proof that simplistic allegiance to the mantras of free market fundamentalism give way to economic disaster. As Henry Paulson, pragmatic Treasury Secretary, moved to have the government take control of mortgage lending giants Fannie Mae & Freddie Mac, it is harder and harder to defend privatization and deregulation as the cornerstones for sound economic policy.