What a week! Today the House of Representatives passed the infamous bailout bill. This time last week they had failed in the same task, so the switch was not just notable, it was monumental. I have a feeling of having watched history these past few weeks. Never did I think that the collapse of free-market […]

It is astonishing that a large core group of Republicans in the House of Representatives could hold the country to ransom. But today they did. Their cause? The hallowed altar of ‘free markets’. They whined that Nancy Pelosi had ‘upset’ them with a partisan, but entirely accurate, assessment of the Bush regime’s record. That record […]

Here’s Paul Krugman’s take on today’s Republican inspired disaster: OK, we are a banana republic – Paul Krugman – Op-Ed Columnist – New York Times Blog He’s absolutely right. The bill put forward today was a Bush Administration plan. It was likely from the beginning that a lot of Democrats would not go for it […]