Crises on Many Fronts
By BOB HERBERT
NYT
The closer you look at the current economic crisis, the more harrowing it becomes.
The focus in the presidential campaign has been almost entirely on the struggles faced by the middle class — on families worried about their jobs, their mortgages, their retirement accounts and how to pay for college for their kids.
Each nauseating plunge in the Dow heightens their anxiety. Each company that goes under and each government report showing joblessness on the rise intensifies their fear.
No one knows how to quell the uncertainty. And no one is even talking about the poor.
Alan Greenspan, uncharacteristically befuddled, went up to Capitol Hill on Thursday and lamented that some sort of fissure had erupted in his previously impregnable worldview. For Mr. Greenspan (“I still do not understand exactly how it happened”), this is a moment of intellectual anxiety.
(Continued here.)
NYT
The closer you look at the current economic crisis, the more harrowing it becomes.
The focus in the presidential campaign has been almost entirely on the struggles faced by the middle class — on families worried about their jobs, their mortgages, their retirement accounts and how to pay for college for their kids.
Each nauseating plunge in the Dow heightens their anxiety. Each company that goes under and each government report showing joblessness on the rise intensifies their fear.
No one knows how to quell the uncertainty. And no one is even talking about the poor.
Alan Greenspan, uncharacteristically befuddled, went up to Capitol Hill on Thursday and lamented that some sort of fissure had erupted in his previously impregnable worldview. For Mr. Greenspan (“I still do not understand exactly how it happened”), this is a moment of intellectual anxiety.
(Continued here.)
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