Throughout the last two weeks of political conventions, Barack Obama, Mitt Romney and a vast array of surrogates accused their opponents of gutting the American middle class.
In presidential races, the gaffes get the headlines, but the prepared texts and advisers are more telling. Mitt Romney’s widely reported blunders in his three six-day trip to Britain, Israel and Poland dominated press coverage, but the candidate’s prepared comments and the aides who advised him were far more disappointing.
Maybe the acronym at the heart of the scandal is too confusing. Or Americans are simply tired of hearing about greedy bankers. By any measure, though, the Libor bank scandal is an extraordinary example of the 1 percent stealing from the 99 percent – and our crumbling ethics.
Next week in the Mexican resort town of Los Cabos, Barack Obama and Vladimir Putin will meet on the sidelines of the G20 summit. Mitt Romney and his aides say that after 15 months of dithering on Syria, it is time for Obama to confront Putin on an increasingly brutal conflict that has left 10,000 dead.
Eight years ago, a 72-year-old American aid worker named Charles Grader told me a seemingly fantastical story. In a bleak stretch of Afghan desert that resembled the surface of Mars, several dozen families from states like Montana, Wisconsin and California had lived in suburban tract homes with backyard barbecues. For 30 years during the Cold War, the settlement served as the headquarters of a massive American project designed to wean Afghans from Soviet influence.
Last week, 41 American companies received awards at a little noticed White House ceremony. Despite the recession, the companies – most of them small and medium-size businesses – have experienced rapid growth and handsome profits in recent years. And they’ve beaten Chinese, Indian and European competitors at their own game.