We seem to be stuck in a remarkable twilight zone of mixed emotions, ideologies, and political calculations whenever the word ‘nationalization’ creeps into discussion. It is increasingly difficult to keep all the cross currents and strange alliances orderly. We have an, ostensibly, left of center administration desperately trying to talk down the nationalization alternative, while […]

I don’t want to wander too far into the purely political realm, but I am beginning to get annoyed at the Republican party and its attitude toward deficit spending. It’s one thing to be an ardent fiscal conservative and abhor deficits. That I understand. It would be very bad economics in the depths of a […]

It seems to me that there is a great gap between the reality I perceive and the reality that the administration perceives. Form my vantage point the economy is poised at the edge of a prolonged and hugely damaging recession/depression. It could take years to undo the damage of the last three decades and to […]