End of a Year, End of a Decade: Looking Ahead
by Bernard Wasow

With unemployment above 10%, there are not many silver linings to the economic clouds. The best that can be said, perhaps, is that the year is ending with more reason for optimism than it began with.
Some grim facts:
- Eight million extra workers are unemployed
- Hundreds of thousands of families who believed public incentives and an American myth, put almost all their wealth into the basket labeled “my own house,” and now owe more than they own.
- The financial manipulators, who hogged the majority of increases in income this decade, continue to think they are entitled to it, in spite of the fact that only a massive government bailout saved them from drowning in the crap they packaged and sold in bright new wrapping.
- The mature decisions that are required to put the regulatory system and the fiscal house in order appear to be quite beyond our legislature.
- In short, the old dogs of American politics and American capitalism seem to have learned no new tricks; they just continue their frenzied barking at the tires of history.
But there is reason for hope:
Continue reading "End of a Year, End of a Decade: Looking Ahead" »








