The Old Economic Rule Doesn’t Work
Posted in Main Blog (All Posts) on September 21st, 2008 4:29 am by HL
The Old Economic Rule Doesn’t Work
The bankruptcy of Lehman Brothers, the sale of Merrill Lynch to Bank of America, the 500-point plunge of the Dow, the government takeover of AIG — all these have got the presidential candidates talking about the economy. But both Barack Obama and John McCain have been vague about their solutions. And for good reason. Our economic problems are concentrated in the finance sector, and that’s the part of the economy the average voter knows least about.