I am on the road this week, doing a big “Midwest sweep.” Today I gave a speech on the outlook for the economy and the candidates’ economic proposals in Chicago for the U. of Illinois’ Institute of Government and Public Affairs. Tomorrow morning, I’ll give the same speech here in Urbana. Later this week I’ll meet up with the Fiscal Wake-Up Tour in Cleveland, after passing through Detroit to visit old friends. So this week’s posts might seem a bit of a “potpourri.”
It’s kind of fun being back in the Midwest where I talk like everyone else. (I was born in the Chicago area and moved to the Detroit area when I was 7, where I stayed until I went off to grad school.) I made it to Chicago just fine on a nonstop flight from DC, but it turns out my suitcase decided to go onto San Francisco without me. (I’m not going to San Francisco at all this week.) Now I will be waiting up for it all night after it makes the flight back to O’Hare and the drive down to Urbana (2.5 hours away). (UPDATE: nope, never made it down to me…our reunion awaits this afternoon back in Chicago.) That’s a lot of travel my suitcase got for that $15 checked bag fee. (Gee, guess it wasn’t worth checking the small-enough-to-carry-on bag just to bring along my nail polish remover…)
Guess I didn’t miss much in DC today. Everyone’s hoping a couple days off for the members of the House will bring them some much-needed maturity when they get back. I think Barney Frank explained what happened on Monday best.
And here’s a nice Time magazine article explaining why the credit crunch is not just a Wall Street phenomenon, and why we should maybe stop calling it a “Wall Street bailout” and start thinking of it as a “rescue” of the entire U.S. economy.