Tuesday's Daily Brief

2009-03-24

The Daily Brief

Alan Schram:
Three Scenarios for the Geithner Plan

AP/Susan Walsh

 

 

Alan Schram: What bothers me most is that we bet our financial system and the economic recovery on this plan, hailed as a panacea. It is never a good idea to bet the house on any grand scheme. Any system as complex and reflexive as the US economy is by definition unpredictable, and nobody could be confident this plan will work. If it fails, shattering the high hopes of so many, the price of disappointment will be immense. We will be with our back to the wall, facing another wave of panic. The very premise behind the plan is flawed. We insist on saving the banks, and refuse to admit most of them are impaired beyond hope. Click here to read more.

Ann Pettifor: Wall Street, Geithner, and Defunct Economics Threaten Obama's Leadership

President Obama is in danger of making the same mistake Nelson Mandela made. Obama is abrogating power to shape the recovery of the US economy, and handing over the leadership to Wall Street and lesser mortals.

Jacob Heilbrunn: Stop Bashing the Obama Economic Plan

It remains astonishing that a variety of pundits and lawmakers continue to underestimate Obama. Will Obama rescue the economy? Yes, he can. But not if the Democrats try to stop him first.

David Weinberger: 4.5 lessons from Twitter

If you dismiss Twitter by asking "Why do I care what you had for breakfast?", there are only two choices. First, you're saying everyone on Twitter is an idiot. Second, you don't understand what you're talking about.

Stuart Whatley: Enough With The Pitchforks And Head-Rolling

Such knee-jerk populist rage is precisely what gave populist rage a bad name in the first place, whereby a valid democratic outlook is construed as nothing more than an angry-mob uprising.

Andy Borowitz: Madoff to Help U.S. Sell Bad Assets

"Desperate times call for desperate measures," White House chief of staff Rahm Emanuel said on CNN last night. "If anyone can convince investors to buy a worthless piece of paper, it's Bernie Madoff."

HuffPost News

• Bernanke, Geithner Testify On AIG For Congress
• AIG's Six Year Saga Of Alleged Fraud
• Frank To Bailout Protesters: "Act Your Age" (VIDEO)
• O'Reilly Producer Stalks Amanda Terkel: THE VIDEO
• Michael Jackson's Neverland In Shambles

 

©2008 HuffingtonPost.com, Inc. All rights reserved. 560 Broadway, Suite 308, NY, NY 10012 Add dailybrief@huffingtonpost.com to your address book to ensure that you receive emails from us. User Agreement Privacy Policy Unsubscribe