Reconstruction Finance Corporation
Recession 101
[Guest Post by John B. Judis] Want to make me happy? Read carefully James Galbraith’s essay, “Scare the Hell out of Bankers,” on our web site. And read it all the way through because the argument isn’t clear until the end. It’s one of the best things I’ve read on the role of finance in the recession and the recovery. It goes beyond the debates liberals had 18 months ago about finance. READ MORE >>
Barack Obama, You Remind Me of Herbert Hoover
Barack Obama has been compared to almost every American President of the last hundred years--favorably to Franklin Delano Roosevelt, John Kennedy, and Ronald Reagan; and unfavorably to Jimmy Carter and George H.W. Bush. I want to put another name in the hat: Herbert Hoover. READ MORE >>
The Smoldering Constitutional Crisis
We re-elect FDR—and the opposition is installed within the government. The cause which failed to persuade the voters scores an easy victory in Washington. The democratic process operates, yet it is by-passed. Somehow a wedge has been driven between the exercise of power and its popular source. A constitutional crisis impends which makes insistent the question, Whose government? READ MORE >>