For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate. – Thomas Frank
Under the administration of George W. Bush, you will recall, federal spending grew pretty significantly. At the same time, the number of people directly employed by the federal government shrank. One of the factors that explained the difference was contracting. – Thomas Frank
We are watching industries crumble, Wall Street firms disappear, unemployment spike, and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clintons, or Abraham Lincolns? – Thomas Frank
There is much to dislike about President Obamas approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch. – Thomas Frank