The New America Foundation’s Sherle Schwenninger and industrialist and philanthropist Bernard Schwartz were out way ahead of the pack in calling for massive government commitment to infrastructure investment. Now this has become conventional wisdom of late.
I snapped this picture on Monday morning this week in Bartlesville, Oklahoma where I paid $2.09 a gallon for gas. Bartlesville is the original home base of Frank Phillips and Phillips 66 (now ConocoPhillips). This ought to worry everyone. We’ll be under $2.
Obama has raised a breathtaking $150 million over the last month. Incredible. But Obama campaign manager David Plouffe, who reported the take said enough isn’t enough. According to CNN: In a video to supporters, Obama campaign manager David Plouffe said a record 632,000 new donors gave to the campaign, with the average contribution under $100….
Here is an 8-minute plus clip of an interview I did with economist and Obama team adviser James K. “Jamie” Galbraith of the LBJ School at the University of Texas at Austin. The sound is OK but not going to win any academy awards (message to my colleagues — work on it).
Deeply embedded in the core of the American economy are automobile economics and automobile culture. Showroom visits by potential buyers are down 50% this month as compared to last year, and sales of new automobiles by General Motors, Ford, Toyota, and other dealers are down by 33% on average when compared to last year.
Below, I just posted a piece by Richard Vague, a finance expert and businessman, on the subject of whether and when the U.S. government should bail out large firms.