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Category: Economy

Why Change is a Challenge

by WS Editors | Feb 1, 2010 | Economy

Make Wall St. Pay to Play—President Obama’s proposed tax on big Wall Street banks, to recover $117 billion taxpayers lost on the bank bailout, is actually a fee. It’s revenue neutral, sets out to recover a specific amount of money lost in the bailout, and ends in ten years. In contrast, two hundred economists have […]

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Do the Numbers | Guns and Cars

by WS Editors | Oct 15, 2009 | Economy

Do the Numbers—While New York Times polling had 65 percent of the American public supporting a public option—a public health insurance company that would compete with private insurers—two amendments that would have provided a public option were rejected by the Senate Finance Committee. The defeat of Sen. John J. Rockefeller IV’s (D-WV) amendment (15-8) at a September […]

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Bomb Iran? | Cram-Down Crammed Down

by WS Editors | May 15, 2009 | Economy, Foreign Policy

Bomb Iran?—Swine flu kept the story off the front pages of American newspapers, but the Israeli press is engaged in a robust public debate over the prospect of an Israeli Defense Forces (IDF) attack on Iran’s nuclear facilities. That line of discussion continues in the Israeli press. “As far as Netanyahu is concerned, a decisive […]

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Obama’s Economic Team Banks ?On Wall Street

by WS Editors | May 1, 2009 | Economy

CONGRESSMAN HENRY B. GONZÁLEZ once asked me if I could name the largest transfer of wealth in our country’s history. I stumbled through a couple of New Deal acronyms and had moved on to the defense budget when González stopped me. “Mortgage lending,” he said. González was a liberal Democrat from San Antonio who chaired […]

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Bob Gates vs. Lockheed Martin

by WS Editors | Apr 15, 2009 | Economy, National Security

IT’S NO SECRET that Defense Secretary Robert Gates wants to close out production of the F-22. Gates has been a critic of the bells-and-whistles guys in the Pentagon, has argued against Cold War weapons systems, and in June fired the fighter jet’s most outspoken advocates—Air Force Secretary Michael Wynne and Chief of Staff T. Michael […]

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