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The politics of failure

Economist - Since Franklin D. Roosevelt revealed the importance of talking directly to the public with his “fireside chats” during the Great Depression, the ability to influence public debate directly through appeals and persuasion has been one of the most powerful tools of any president. Mr Bush has used this power patchily, at best. His set-piece national addresses on the financial crisis have been short and passionless. They have shown little sense of a leader able to guide and shape national debate.

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Crisis Creates a New German Politics

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Detroit Shock Doctrine

Nation - Bloomberg reports that a General Motors failure would cost the federal government $200 billion. And the Center for Automotive Research concludes that if the Big Three fail, it will mean the loss of 3 million jobs in the first year of collapse.

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Paul Krugman: The lame-duck economy

IHT - How much can go wrong in the two months before Obama takes the oath of office? The answer, unfortunately, is: A lot. Consider how much darker the economic picture has grown since the failure of Lehman Brothers, which took place just over two months ago. And the pace of deterioration seems to [...]

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