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Once again, we need to follow the money

When Congress established the $700 billion bailout fund, it promised strict and thorough oversight. Over a month later, with $290 billion already committed, we have our answer: There isn't…

GOP guvs have good and bad news

The nation's 21 Republican governors are in defense mode. They know they're the best and the brightest but fear the rest of the world doesn't understand that. Meeting in Miami after…

So, is Detroit worth saving?

It wasn't too long ago that most Americans accepted the adage that what is good for General Motors is good for the nation. That symbolic concept of U.S. industrial might…

MSNBC retracts Palin story

MSNBC was the victim of a hoax when it reported that an adviser to John McCain had identified himself as the source of an embarrassing story about former vice presidential…

Let’s remember Veterans on other days

The air is crisp, the sky bright blue, the leaves have passed their red-orange peak and are falling around the headstones of those who gave our nation their lives. As I…

The big bailout

For better or worse, or whether it's throwing good money after bad, momentum is building in Washington for an auto industry bailout, much larger than the $25 billion already…

All our wealth: Share or snare?

On the day before the election, this letter to the editor was published in my local newspaper under the headline "Share the wealth:" "All this talk of redistribution of the…

Looks like bailouts don’t work

Conservative Republicans regularly accuse liberal Democrats to trying to solve problems by throwing money at them. The Federal Reserve has been throwing billions into the banking system to stabilize the…

Hang on: Things are getting ugly

Maybe it was necessary, this establishment-endorsed, fear-driven, hastily constructed $700 billion bailout gamble meant to avoid a devastating credit crunch. But whether it was or wasn't, it is towing something…

Europe gets a taste of financial distress

The Europeans watched bemusedly while the storms swept through the U.S. financial markets and the supposedly laissez faire Bush administration pleaded with Congress for a $700 billion government intervention in…