Group Think, Duct Tape and Slam Dunks
February 6, 2009 Op-Ed Columnist THE NEW YORK TIMES On the Edge By PAUL KRUGMAN A not-so-funny thing happened on the way to economic recovery. Over the last two weeks, what should have been a deadly serious debate about how to save an economy in desperate straits turned, instead, into hackneyed political theater, with Republicans […]
MoreYou know you can whine all day about the idea that no matter what President Obama does in the next couple of years- we’re all in for some rough times- and you’d be right. But there’s just no accounting for the feeling an American citizen gets after a day like today- miserable, pissed off and […]
MoreTHINK PROGRESS DEC 12, 2008 Last night, the Senate failed to approve the auto rescue package, voting 52-35 in favor of proceeding on the bill — just eight short of the 60 votes that were needed. Over on the Wonk Room, Dan Weiss takes a look at the 20 senators who voted for the Wall […]
MoreSEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
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