There’s more at stake in the present Wall Street bailout tsunami than the partisan posturing might lead you to believe.
Conservatives vs. moderates vs. progressives vs. everybody.
In a lifetime of casual reading about the Great Depression of the 1930s, the main cause that stuck in my mind was the wrong-headed protective tariffs established by the Smoot-Hawley act, which caused the economic dominos to topple all over the world.
Economists tell a different story; far less global, and very much local. David Leonhardt, in the NYTimes tells of some disturbing parallels with the current crisis.
Crisis feels altogether too bland a word for what the nation is facing today. Abyss feels more appropriate.
And if I exaggerate, that is a reflection of what I see and hear.
This one has even the normally oblivious shaken.