FUBAR

Time for less talk, more action

The extended Wall Street turmoil resulting from the housing and subprime lending crisis contains major challenges, reinforced by the current media propensity for scare headlines and alarmist editorials.

Political leaders have helped to feed public anxiety.

Can Uncle Sam save us from ourselves?

America’s financial crisis is a political crisis, too. In the course of just 10 days, the Federal Reserve propped up ailing mortgage giants Freddie Mae and Fannie Mac, refused to bail out the investment bank Lehman Brothers and balked at aiding mega-insurer AIG before coming through with a $85 billion loan in exchange for an 80 percent stake.

The high cost of pursuing happiness

Everyone has a right to own a home whether they can afford it or not. It says so in the Constitution — well, actually the Declaration of Independence in the part about inalienable rights like the "pursuit of happiness."

Politicians have been selling us on that privilege nearly since the Founder’s wrote it all down. All they charged us was our vote.

Money for Wall Street but never science

To think a week ago we were fretting about pigs and lipstick!

Strange as it seems, the collapse of Wall Street (coupled with pure fear for our own futures) is not the most serious long-term problem that should worry us.

America: A democratic-socialist state?

There’s no avoiding this conclusion: The federal government’s breathtaking economic interventionism has turned America into a democratic-socialist state. The fact that these drastic incursions are happening under an allegedly conservative administration leaves this right-winger oscillating between head-spinning disbelief and exhausted disenchantment.

No need to bail out working moms

I received in my e-mail box today a press release from a "women’s” organization called Moms Rising that supposedly represents "83 million moms in America." "These moms have unanswered questions for the Alaska Governor about her positions on the everyday issues that most mothers face, such as access to healthcare, fair pay, paid family and medical leave, after-school programs, childcare, paid sick days, and flexible work options.”

Talk about bad timing

In what may end up being a particularly unfortunate example of poor timing, Donald Luskin, economic adviser to John McCain, published an article in Monday’s Washington Post, arguing that, as his candidate avowed recently, the U.S. economy is fundamentally sound.

Who benefits from Wall Street carnage?

Various and sundry authors have taken various and sundry positions on whether the Wall Street wreckage of this week benefits the Obama or McCain campaign more. We don’t know yet. We won’t even have much of a serious clue until the three-day rolling presidential tracking polls have several days of history behind them.

It’s all about telling the truth

When she accepted the National Association of Hispanic Journalists 2008 leadership award at the National Press Club last week, Maria Hinojosa mentioned a conversation she had with her friend, Univision news anchor Maria Elena Salinas, who complimented Hinojosa for her advocacy journalism.

A remarkable look at the Iraq mess

Journalist and author Bob Woodward’s new book "The War Within” provides informative insights concerning the United States military occupation of Iraq, not least because of his remarkable access to very senior officials of the Bush administration. Earlier books include "State of Denial,” "Plan of Attack” and "Bush at War."