eXc: Nous aimons la
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fascisme, le communisme, l'antiaméricanisme, l'antisémitisme,
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Commentary: Bankruptcy, not bailout, is the right answer
Story Highlights
Jeffrey Miron: Government encouraged lenders to relax their standards
Mortgages were given to people unqualified to repay them, he says
Miron: Rather than a bailout, government should let firms go bankrupt
Talk of economic Armageddon is scare-mongering, Miron says
By Jeffrey A. Miron
Special to CNN
Editor’s note: Jeffrey A. Miron is senior lecturer in economics at Harvard University. A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.
CAMBRIDGE, Massachusetts (CNN) — Congress has balked at the Bush administration’s proposed $700 billion bailout of Wall Street. Under this plan, the Treasury would have bought the « troubled assets » of financial institutions in an attempt to avoid economic meltdown.
La jolie histoire derrière cette vidéo, selon le site Obama-Biden (à noter que Jeff Zucker est president/CEO de NBC Universal… Imaginons la reaction des medias si Murdoch en faisait autant pour McCain…)’
Sing for Change chronicles a recent Sunday afternoon in Venice, when 22 children, ages 5-12, gathered to sing original songs in the belief that their singing would lift up our communities for the coming election.
Sing for Change was a confluence of grassroots work, good will, and shared vision the first of which was the music itself. Inspired by ideas raised at a grassroots Obama fundraiser, a music teacher, Kathy Sawada, and the children composed and rehearsed the songs in less than two weeks. Several musicians heard of the effort and volunteered to accompany the children. Parents and older siblings designed and provided the T-Shirts and the banner. There’s a first for everything, but rarely do so many firsts come together at once: for the children and their parents, this is their first performance, first video, first banner, and first involvement with grassroots work on a presidential campaign. As Sunday approached, a neighbor volunteered a home. Production wizards got wind of the project and offered their help in recording it. The likes of Jeff Zucker, Holly Schiffer, Peter Rosenfeld, Darin Moran, Jean Martin, Andy Blumenthal, and Nick Phoenix rearranged schedules to participate. Holly Schiffer was able to get three High Definition cameras (Panasonic HVX250’s), and an AVID editing facility. When Jeff Zucker went to pick up the camera package, Ted Schilowitz happened to be there and offered a RED camera set up on a Steadi Cam.
What the children and a few adults accomplished in a few hours on a Sunday afternoon embodies the nature of the Obama campaign: its grassroots inspiration, its inclusiveness, its community building. People pitched in quickly for a cause that resonated with them. There were not many conditions: “Think this is a good idea? Want to help? Great. Sunday at 12:00.” At the heart of the project were 22 children and their music. The willingness of all involved to come together for them was a testament to our hope, unity, courage, joy and belief in the future represented by these children.