Why a Democrat President Hasn’t a Chance to Save the Nation

Joe Stiglitz is no dummy. He’s a member of the Columbia University faculty (although we can probably forgive him that) and 2001 Nobel Prize winner in economics.

Joe Stiglitz is no dummy. He’s a member of the Columbia University faculty (although we can probably forgive him that) and 2001 Nobel Prize winner in economics. Add to that his expertise as Senior Vice President and Chief Economist of the World Bank, a healthy critic of globalization, wary of free market fundamentalists as well as the International Monetary Fund and his own World Bank.

If Stiglitz were in the Mafia, Joe would be a made-man.

So it was with some interest that I read the Vanity Fair piece by Stiglitz; Reckoning--The Economic Consequences of Mr. Bush.

What is required is in some ways simple to describe: it amounts to ceasing our current behavior and doing exactly the opposite. It means not spending money that we don’t have, increasing taxes on the rich, reducing corporate welfare, strengthening the safety net for the …