Simon Johnson: If you look into the eyes of the decision-makers from Spring 2009, they honestly believe that taking over Citi or Bank of America would have caused greater financial trouble and a worse recession. You can argue about their true motivation all you want; this is irrelevant. The point is that the structures in place last year remain unchanged today. If a megabank shut-down under pressure was impossible for our policymakers last year, how exactly will the situation change after the Dodd bill passes -- remembering that our current policymakers or a close facsimile will run this country for the indefinite future? Click here to read more.
Right wing talk show hosts and Republican leaders must shoulder the responsibility for the outbreak of threats and violence that has accompanied this week's passage of health insurance reform.
With the administration ramping up efforts to avoid a renewed housing death spiral, some people will argue that the plan rewards risky behavior. But the opposite is true.
If we could just get over our blinding hatred of unions and public sector workers, we might see that we do in fact have the money we need to rebuild our infrastructure and create a new green economy.
Fear of government won't disappear and it shouldn't. But now we have to show that these reforms can really reduce suffering and vulnerability without engendering a bureaucracy that erodes our freedom.
If you get in the habit of putting just $50 per month into a Roth IRA for the next 40+ years, you could retire as a millionaire (thanks to the amazing effects of compounding interest)!
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