For Senate, Harry Reid is the Steady Hand
Posted in Main Blog (All Posts) on October 11th, 2010 4:31 am by HL
For Senate, Harry Reid is the Steady Hand
The Age of Austerity
Robert Samuelson, Newsweek
WASHINGTON — We have entered the Age of Austerity. It's already arrived in Europe and is destined for the United States. Governments throughout Europe are cutting social spending and raising taxes — or contemplating doing so. The welfare state and the bond market have collided, and the welfare state is in retreat. Even rich countries find the costs too high; but the sudden austerity could perversely trigger a new financial crisis.Europe's plight is now the most obvious threat to the already lackluster global recovery. The International Monetary Fund forecasts the world economy…
Democratic Party Faces a Choice
Walter Russell Mead, American Interest
Lost in the chatter about the potential GOP tsunami in the midterm elections is one simple fact: if American politics still operated on the rules of the twentieth century, the Democrats would own this political cycle.The issues that concern voters most in this cycle (unemployment, insider power, Wall Street greed) are, or used to be, Democratic issues. This should be the Democrats’ time. That it isn’t speaks volumes about the changes the country is facing.