The Great Thing About Fiscal Policy Is

On The Political As On The Economic Front It's Important Not To Fall Into The "not As Bad As" Trap. High Unemployment Isn't O.k. Just Because It Hasn't Hit 1933 Levels; Ominous Political Trends Shouldn’t Be Dismissed Just Because There’s No Hitler In Sight.

Consumer Spending Is Now Plunging At Serious-recession Rate ... Even If The Rescue Now In Train Succeeds In Unfreezing Credit Markets, The Real Economy Has Immense Downward Momentum. In Addition To Financial Rescues, We Need Major Stimulus Programs.

There Has Been Plenty To Criticize About President Obama’s Handling Of The Economy. Yet The Overriding Story Of The Past Few Years Is Not Mr. Obama’s Mistakes But The Scorched-earth Opposition Of Republicans, Who Have Done Everything They Can To Get In His Way - And Who Now, Having Blocked The President’s Policies, Hope To Win The White House By Claiming That His Policies Have Failed.

If You Had To Explain America's Economic Success With One Word, That Word Would Be "education".... Until Now, The Results Of Educational Neglect Have Been Gradual - A Slow-motion Erosion Of America's Relative Position. But Things Are About To Get Much Worse, As The Economic Crisis ... Deals A Severe Blow To Education Across The Board.... We Need To Wake Up And Realize That One Of The Keys To Our Nation's Historic Success Is Now A Wasting Asset. Education Made America Great; Neglect Of Education Can Reverse The Process.

The Obama Campaign Seems Dangerously Close To Becoming A Cult Of Personality.