G-20, Gee Whiz

By Jim Selman | Bio

I am not an economist and I don’t know what to think about all the ‘unprecedented’ claims coming from the joint communiqué of the G-20 summit. I hope it works. But, hey, a trillion isn’t what it used to be! As a guy who has been around enough to be a little bit wary of political claims of bright horizons, I wonder if the world’s leaders are really united to correct past excesses and grease the financial system enough to restore confidence in the future.

After all, isn’t that what this is really about? I don’t mean just the repairing all the economic machinery, but ordinary people’s confidence in the future? Can our kids look forward to having children of their own with some expectation that they can raise them in a manner that is reasonably close to how they were raised? If we believe the pundits, the prospects are grim.  President Obama is doing his usual eloquent job of trying to be straight with the electorate

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