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Thursday, March 20, 2008

The new New Deal (10:05 am)

Harold Meyerson, in probably the best op-ed you’ll see about the Bear Stearns deal.

And out of this debacle emerge two paramount lessons for our highest-ranking policymakers: Regulate the American financial sector, which is now turning to the government for a bailout. And commit the government to doing all in its power to generate broad-based prosperity, through laws enabling workers to bargain collectively, through a massive public commitment to projects “greening” the economy, through provision of universal health coverage and affordable college educations.

posted by Adam Doster

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