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Category: Economy

Roubini’s Crystal Ball | Prosecuting the Bushies (If Not Bush)

by WS Editors | Dec 1, 2008 | Economy, Politics

Roubinomics—New York University economics professor Nouriel Roubini predicted and defined the current economic collapse in 2006. He now says we are in the “worst U.S. recession in the last fifty years.” What does the economist who foresaw this economic crisis prescribe to end it? “A major aggressive fiscal stimulus, government spending on goods and services, […]

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What’s Driving McCain’s Decline?

by WS Editors | Nov 1, 2008 | Economy, Politics

RUNNING A RIFF THAT SEVERAL MEMBERS of Congress had reduced to one paragraph, while Treasury Secretary Henry Paulson groped for the right mix of money and policy to keep a recession from spiraling into a depression, Rep. Carolyn Maloney (D-NY) described the state of the nation: “We are facing what has been called the most […]

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McCain Advisers Disappeared | Swamped by Swaps | Time to Tax Securities Transactions?

by WS Editors | Nov 1, 2008 | Economy, Politics

Campaign Grammar—The dirty wars waged by right-wing despots in South and Central America turned the word “disappeared” into both a noun and a transitive verb. Here in the U.S. it appears that former Senator Phil Gramm is a desaparecido and that John McCain has disappeared him. One of the sponsors of the Gramm-Leach-Bliley Act of 1999, which […]

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Is the Bailout Plan the Beginning, Or the End, of the Economic Collapse?

by WS Editors | Oct 15, 2008 | Economy, Politics

THE DAY AFTER SARAH PALIN passed her campaign midterm exam, the Congress passed a Wall Street bailout bill. In reacting to the news, the Dow Jones Industrial Average did worse than Palin did in her excruciatingly manneristic ninety minutes on stage with Joe Biden, falling 157 points on the news of a 263-171 House vote […]

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The McCain Campaign Gets Sleazy | Give or Take $100 Million

by WS Editors | Oct 15, 2008 | Economy, Politics

The Real McCain—“What does he plan for America?” John McCain asked a crowd at a rally in Albuquerque. “In short, who is, who is the real Obama?” Someone in the crowd shouted: “Terrorist!” McCain paused and smiled. It was a smile that recalled McCain’s response at a political rally during the primaries, when it appeared he would […]

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