Year: 2009

Band-Aid Still Stuck on Big Bailout Banks

In September last year, the Bush regime left behind its old refrain that “the fundamentals of the economy are strong,” and went to Congress for a quick $700B to bail out collapsing banks stuck with toxic assets.x60x61 Then-Treasury Secretary Henry…

Republicans Cling to Childish Ways

(Analysis.) In his inauguration speech, President Obama made this appeal:x50 [T]he time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history …” But when a child clings to…

The Purpose of the United States

(Analysis.) Why should an American want to be a citizen of the great United States, instead of just a member of one’s own little tribe? What is the purpose of the United States? The preamble to the U.S. Constitution answers…