Economy | The president-elect stresses that only government can give the economy the short-term boost it needs
by Mark Bergin
Posted 1/08/09, 12:00 am
President-elect Barack Obama pressed hard for his version of an economic stimulus package in a speech at George Mason University Thursday. The former senator from Illinois warned that without the speedy passage of such a plan "our nation will sink deeper into a crisis that at some point we may not be able to reverse."
by Alex Tokarev
Posted 12/30/08, 02:33 pm
There is an old Chinese curse: "May you live in interesting times." It has been an interesting year. The financial crisis of 2008 has inspired enthusiasm for a new paternalistic crusade against the heresies of individual freedom. Interventionist ideas, discredited during the stagflation of the 1970s, are making a comeback both in the ivory towers of academia and in the hallways of the Capitol.