Wages are stagnant or falling. Foreclosures are tearing through communities, and falling home prices are destroying family equity. It's like a reverse New Deal.
The government’s $182 billion bailout of insurance giant AIG should be seen as the Rosetta Stone for understanding the financial crisis and its costly aftermath.
Members of the Fed have started warning that full-blown monetary deflation may be coming. That, not the deficit, could really put the US economy in ruin.
Raising taxes and reducing federal spending will be tragic for millions of struggling families, but also potentially devastating for the Democratic party.
The first casualty of the president's political debacle will likely be Timothy Geithner, the severely over-confident treasury secretary well known as a lapdog of Wall Street.
Wall Street billionaire Pete Peterson has invented his own "news network" to promote his right-wing rants, and the Washington Post is lending its name to his cause.