Solutions to the Financial Crisis

Date: Tuesday, September 30, 2008 1:01 AM
Category: Allgov Blogs
Watching the nation’s news commentators, you would think that the bailout proposal created by the Bush administration, adjusted by the Congressional leaders and then rejected by the House of Representatives was the only possible answer to the nation’s financial problems. Fortunately, many observers from the Left, Right and Middle have presented alternative solutions. Here are a few of these ideas. Some are comprehensive and some deal with individual issues, but they are all worth a look.

Where to Find $900 billion for Recovery (by Anderson, Collins, Muhammad and Pizzigati, Institute for Policy Studies

Tweak the Bailout Plan (by Stuart M. Butler and Edwin Meese, III, Heritage Foundation)
Fix the Bailout Plan (by Dominique Strauss-Kahn, International Monetary Fund)
Increase Transparency, Liquidity and Supervision (by Martin Neil Naily and Robert E. Litan, Brookings Institution)
Home Owners Loan Corp. and Federal Revenue Sharing (by James K. Galbraith, Washington Post)
Cut Defense Spending, now at $612 billion for 2009 (by Chalmers Johnson,
Homeowners Emergency Loan Program (National Community Reinvestment Coalition)
Keep Borrowers in Their Homes (by Andrew Jakabovics, Center for American Progress)
Super-Bonds (by John P. Hussman, Hussman Funds)

Latest News

USAID Accused of Removing Critical Details from Inspector General Report about Arrests of U.S. Pro-Democracy Groups in Egypt

Acting Inspector General Michael Carroll got into trouble when he censored portions of an investigation involving pro-democracy groups in Egypt. A confidential draft of the report included a $4.6 million payoff the Egyptian government. But the final version of the report contained nothing about it. Reportedly the State Department had wanted to keep the entire audit from public view. Some auditors claimed that Carroll didn’t want to rock the boat as he awaited Senate confirmation.   read more

TV Attack Ads Average One Per Minute…in North Carolina Alone

In the fight for control of the U.S. Senate, the battle between incumbent Democrat Kay Hagan and Thom Tillis, Republican Speaker of the North Carolina House, has become ground zero for an onslaught of negative commercials. In one week, North Carolinians were subjected to an average of one attack ad for every minute of TV time. “Congratulations, North Carolina: You’ve become the year’s great state of political hate,” wrote Dave Levinthal.   read more

Cigarette Giant Bans Smoking at the Office

Reynolds American, maker of Camel, Kool and other cigarettes, has decided to bar the smoking of tobacco products at its corporate headquarters. “We’re well aware that there will be folks who see this as an irony, but we believe it’s the right thing to do and the right time to do it,” said a Reynolds spokesman. The firm has put a big marketing effort behind its electronic cigarettes, and those have been excluded from the smoking ban.   read more

U.S. Ambassador to Guyana: Who Is Perry Holloway?

Holloway has spent the vast majority of his career in Central and South America. In August 2009 he was named deputy chief of mission at the U.S. Embassy in Asuncion, Paraguay and returned to Bogota in a similar post a year later, remaining in that position for four years. His one assignment outside Latin America came in 2013 when he was a political-military counselor at the U.S. Embassy in Kabul, Afghanistan.   read more

U.S. Ambassador to Madagascar and Comoros: Who Is Robert Yamate?

Yamate was sent to Geneva as a minister counselor for management at the U.S. mission to the United Nations. He was brought back to Washington in 2008 as a multifunctional officer in the Bureau of Intelligence and Research. In 2010, Yamate returned to Africa as the deputy chief of mission in Dakar, Senegal, acting as charge d’affaires for a time in 2012. He has served since 2013 as an assessor on the Department of State Board of Examiners.   read more
see more...