As a result of the economic crisis, there is a broad consensus in favor of large-scale public investment in infrastructure in the U.S., both as part of a temporary stimulus program and to promote long-term modernization of America’s transportation, energy, telecom and water utility grids. But this momentary consensus masks the continuing disagreement on whether the U.S. government can legitimately promote American industries, and, if so, which industries. This is a problem for infrastructure policy, because different national infrastructures correspond to different national economic strategies. read more »
This morning the Senate Finance Committee approved the nomination for treasury secretary of Timothy F. Geithner, head of the Federal Reserve Bank of New York. Geithner is a Wall Street darling, but taxpayers may have a different take. Senator Jim Bunning (R-KY) reminded us at the Senate confirmation Hearing January 20 that Geithner was part of every bailout and every failed policy put forth by the current Treasury secretary. After you read this, you should begin to see why I’m so opposed to Geithner’s appointment – I don’t want the fox any closer to the hen house than he already is. read more »
President Barack Obama has rightly spoken positively about the American Dream, how it is becoming more expensive and how it needs to be reclaimed. But to do this, he may have to disregard many of those who have been among his strongest supporters and the dense urban centers which have been his strongest bastion of support. read more »
An article published in the Chicago Tribune on June 29, 1992 is entitled “The Great Society’s Great Failure.” It profiles the Inez, Kentucky family that appeared in the famous front porch photo that launched LBJ’s War on Poverty in 1964. Suffice it to say without revealing the particular gory details of their thwarted lives, the family’s fate was as dismal as the outcome of the War on Poverty. Mike Duncan, an Inez banker and now chairman of the Republican National Committee – battling to retain his position – put it mildly: “The War on Poverty did not succeed.” read more »
For a generation, conservatives have held a lock on the so-called "values" issue. But Barack Obama is slowly picking that lock, breaking into one of the GOP's last remaining electoral treasures.
The change starts with the powerful imagery of the new First Family. The Obamas seem to have it all: charming children; the supremely competent yet also consistently supportive wife, and the dynamo grandma, Marian Robinson, who serves as matriarch, moral arbiter and babysitter in chief. read more »
If this were the 1950s, a buzz would be going through the African American community right about now because, come Tuesday, another small milestone would be reached in our progression from involuntary to voluntary servitude. The milestone? A black man is going to appear on television.
Sightings of black people on the tube back then were rare. Hence, there was always some excitement when it occurred. You had Beulah and Amos and Andy on regularly – singer Hazel Scott once had her own show as did singer Billy Daniels. Nat King Cole had a very popular show for a while but lack of national sponsorship and the fact that they didn’t give him any money to pay his guests forced him to fold it. But you’ll notice these people were all entertainers. Real black people, those who couldn’t sing, dance, play an instrument or tell jokes, were never seen on television. read more »
California’s 32nd congressional district, stretching from East Los Angeles to the eastern San Gabriel Valley, would seem like friendly territory for a Hispanic candidate. Labor Secretary-designate Hilda Solis’s district is more than 60 percent Latino, and there is no shortage of Hispanic local and state lawmakers eager to replace her in Congress. read more »
Barack Obama's ascension to the presidency won't end racism, but it does mean race is no longer the dominant issue in American politics. Instead, over the coming decades, class will likely constitute the major dividing line in our society—and the greatest threat to America's historic aspirations. This is a fundamental shift from the last century. Writing in the early 1900s, W.E.B. DuBois observed, "The problem of the 20th century is the problem of the color line." Developments in the ensuing years bore out this assertion. read more »
The election of Barack Obama signaled the beginning of a "civic" realignment, produced by the political emergence of America's most recent civic generation, Millennials (born 1982-2003). Civic generations, like the Millennials, react against the efforts of divided idealist generations, like the Baby Boomers (born 1946-1964) to advance their own moral causes. read more »
When presented with complex ideas about complicated events, the human tendency is to think in terms of Jungian archetypes: good guys and bad guys, heroes and villains. The more complicated the events, the more the human mind seeks to limit the number of variables it considers in unison in order to make sense of what it sees. The result is a tendency to describe events in the simplest black and white terms, ignoring the spectrum of colors in between.
This principle can be seen in the current explanation of the financial crisis. read more »