There is no surprise. None. Today’s news that a majority of Americans say they are worse off now than under the younger Bush sets the battleground for the next election. Obama had better hope he is running against one of the more extreme Republicans – that’s a relative term since most of them are very […]

The first part of our crisis was the one caused by years of neglect, deregulation, complacency, bad economic theory, rising income inequality, wage stagnation, political ineptitude, rotten management of business, over-indebtedness, and post cold war drift. Did I leave anything out? Oh yes: multiple wars we decided to pay for not with cash, but with […]