The financial press has been taking it on the chin lately for its coverage of the nation's economic mess. Some of it's well-earned. At least several financial writers have acknowledged they should have asked more questions about the long period of easy credit, soaring asset prices and ever-growing leverage on Wall Street. To my eye, the criticism is overcooked. Even a casual reader of the business press the last few years would have known that big trouble lurked. The two dailies showing up on my doorstep in Washington the last 13 years, the Washington Post and New York Times, regularly……
Day: December 2, 2008
A new era of bipartisanship?
Early in this year's primary election season I did a study on bipartisanship for the Center on Communication Leadership of the University of Southern California. I'm afraid I was not very optimistic that Republicans and Democrats would be able to get together on much of anything after the Clinton and Bush years of what some call "hyperpartisanship." Now I'm not so sure. I concluded then that: "My own feeling is that only a strong president with a mandate for governing through a universal crisis — a necessary war or devastating climate change — can bring any bipartisanship or, better, nonpartisanship……