Don’t Cry for Wall Street
Posted in Main Blog (All Posts) on April 24th, 2010 4:32 am by HL
Don’t Cry for Wall Street
Paul Krugman, New York Times
On Thursday, President Obama went to Manhattan, where he urged an audience drawn largely from Wall Street to back financial reform. “I believe,” he declared, “that these reforms are, in the end, not only in the best interest of our country, but in the best interest of the financial sector.”Well, I wish he hadn’t said that — and not just because he really needs, as a political matter, to take a populist stance, to put some public distance between himself and the bankers. The fact is that Mr. Obama should be trying to do…
Who’s Afraid of a Hung Parliament?
Peter Riddell, Times of London
Hung parliaments can be made to work. Just ask the Scots and the Swedes, but not the Belgians, whose Government collapsed, yet again, yesterday.We have become so used to the winner-takes-all politics of the first-past-the-post system that anything else is regarded as inferior and dangerous. This week, the Tories stepped up their warnings about an inconclusive result to alarm voters, claiming it could threaten the economy. But, like it or not, we may have to live with it.
