InSpiritry

Cash for trash!

Paul Krugman discussing the financial bailout, New York Times, Sept. 22.

Ahh, memories of 2008…

First came the slump in the housing market and growing mortgage defaults, then we found out about those infamous credit default swaps which were followed by the collapse of financial institutions and insurance companies (and the stock market along with them), then the call for a bailout of auto manufacturers and later other smaller companies and most recently the Bernie Madoff investment debacle. The economic house of cards that American finance built over the past two decades is in a heap on the floor, and we, Americans, are asking ourselves disturbing questions: (more…)

“The long lines at voting places, the outpouring of emotion when the results came in… reminded me of the first time votes in new democracies I have covered around the world. “

CNN Chief International Correspondent Christiane Amanpour

“This is a new generation of young voters coming of age with their support of Barak Obama. They may for years be influenced by this election. I call them the “O” Generation.”

Commentator and Political Advisor David Gergen

“Mom, it’s 10:01, and America has elected a Black man as President!”

election night voicemail on my cell phone

“My tears were tears of vindication, but the tears of my daughter and grandchildren were tears of hope.”

African American House Majority Whip James Clyburne

New democracy? New Generation? Emotional young people? Racial Justice?

What just happened?! (more…)

Conservative America,

I know many people are stunned by the loss of presidential candidate John McCain, and his running mate Sarah Palin, and the victory of President-elect Barak Obama and Vice President-elect Joe Biden. Many 0f you may think we ”liberals” are dangerous. You may even feel your country is in deep trouble.  In angry and fearful voices, some are already saying,  They will never take away our guns…our rights…our freedom…our wealth!

If you are one of those worried about what this election means for America, here’s food for thought on some important issues: (more…)

For two decades, Americans have romanced the idea of money.

First, it was the dot-com boom with twenty-somethings turning into millionaires overnight. Then came the housing bubble with charming neighborhood homes being torn down to build McMansions. Later, morning talk programs were eclipsed by financial news shows with live stock market feeds. Late night television followed with Mad Money’s Kramer becoming a national celebrity.  Year by year, credit cards replaced savings accounts as individual safety nets. Leverage became the new business plan. More and more college students were graduating with enormous school loans. America piously preached democracy and capitalism to other countries, then proved the limits of that system with our own avarice. Washington was no different. To repay campaign donations, politicians owed lobbyists their livelihoods. Even the U.S. government became mired in debt, and, internationally, we earned the label of the biggest debtor nation.

Is it any wonder that the stock market and the American economy are crashing down around us?

But, despite the gloom and doom from Wall Street, despite our own personal crises, despite the political rhetoric, all is not lost.  (more…)

Politicians and Financial Leaders Bicker over Wall Street Bailout

Presidential Candidate Suspends Campaign

Congressional Talks on Credit Crisis Breakdown

As recent headlines suggest– this fall, what was to be our rapt attention to America’s quadrennial electoral season has been totally derailed. The usual political banter in urban coffee shops and small town restaurants has almost completely shifted away from evaluation of the candidates (except regarding their media-hyped personalities) and discussions of the party platforms (most people don’t even know what these documents contain). Instead, wealthy investors as well as those living paycheck-to-paycheck are transfixed by the hour-to-hour coverage of our national financial crisis. Money and the curse of its power have consumed us. With unpredictable posturing, media-generated suspense and continuing financial bad news, the whole country has become obsessed with the Reality TV programming of Washington and New York as they reconsider their mortgages and their 401(k) allocation.

Hellooo, America! In just five weeks, as part of the most successful democracy in the world, we will be asked to select the party and individuals to lead our country for the next four years! (more…)

 Gold!   Silver!  Bronze! 

Weren’t the Olympics in China amazing? Can we ever forget watching Michael Phelps finish race after race, breaking records and winning gold? And what about the amazing performances of American and international athletes in women’s gymnastics, track and field and the many team sports? In front of our televisions and in Bejing, we rooted for predestined heroes and little known underdogs. Across the country and around the world, for two weeks, young and old, rich and poor, Western and Eastern, women and men and children gathered to share in the triumphs and tragedies of sports at the highest level. (more…)