William Greider, a prominent political journalist and author, has been a reporter for more than 35 years for newspapers, magazines and television. Over the past two decades, he has persistently challenged mainstream thinking on economics.
For 17 years Greider was the National Affairs Editor at Rolling Stone magazine, where his investigation of the defense establishment began. He is a former assistant managing editor at the Washington Post, where he worked for fifteen years as a national correspondent, editor and columnist. While at the Post, he broke the story of how David Stockman, Ronald Reagan’s budget director, grew disillusioned with supply-side economics and the budget deficits that policy caused, which still burden the American economy.
He is the author of the national bestsellers One World, Ready or Not, Secrets of the Temple and Who Will Tell The People. In the award-winning Secrets of the Temple, he offered a critique of the Federal Reserve system. Greider has also served as a correspondent for six Frontline documentaries on PBS, including “Return to Beirut,” which won an Emmy in 1985.
Greider’s most recent book is The Soul of Capitalism: Opening Paths to A Moral Economy. In it, he untangles the systemic mysteries of American capitalism, details its destructive collisions with society and demonstrates how people can achieve decisive influence to reform the system’s structure and operating values.
Raised in Wyoming, Ohio, a suburb of Cincinnati, he graduated from Princeton University in 1958. He currently lives in Washington, DC.
My bottom line on Friday's debate: Barack Obama failed to step up to the historic moment. He made perfunctory remarks about the massive banking bailout facing the political system, but he decided not to speak to the American people with anything resembling forceful honesty and clarity. McCain wasn't any better. Both men faced a gut check in their campaign and both of them flinched.
The explanation, I suspect, is that Barack Obama and John McCain know they are going to wind up voting for this outrageous package, probably sometime next week, so why pretend to be thinking independently? McCain had flirted with the idea that he could speak for the public's anger and reap big benefits for his troubled candidacy. Someone advised him not to go down that road. He folded.
Obama has offered critical comments on how the bailout should be redesigned for greater equity, but it seems clear he won't press the point. Left-labor groups are pushing Democrats to address the burdens of indebted Americans and the swooning economy with substantive measures. But party leaders are resisting - reluctant to slow down the bankers' bonanza with complicating issues.