Month: March 2009

Most of the consternation I’m still hearing about Geithner’s Plan revolves around the concern that the toxic assets are either worthless or are worth substantially less than whatever price they will be auctioned off...

Earlier this year, I visited my father, who lives in the Bay Area. As we drove from the Oakland airport, the conversation quickly turned to the Obama presidency. Born in 1923, my dad survived the Great Depression, fought in...

Forget the wars. Forget the wild, uneven swings in the economy since the Vietnam war. The surest sign that the American empire is on the decline is the fact that the dollar is no longer as highly valued as it once was. Indeed,...

If anyone ever doubted that “drudge rules” elite discourse both left and right, the celebrity driven shallow panic of Left Blogistan over the last few weeks should settle the question. Tim “Timmy”...

One of the things I noticed today (more on listservs than the open blogosphere) is a genuine petulance and disgruntlement over the fact that Wall Street responded to Geithner’s Plan by boosting its own value by seven...