ABOUT ME

 

Nick Ragone is an author, attorney and public relations executive in New York City. He earned a bachelor’s degree in history and political science from Rutgers University, and is a graduate of the Eagleton Institute of Political Science at Rutgers University (undergraduate) and the Georgetown University Law Center.

He is the author of three books: Essential American Government, Everything American Government, and President's Most Wanted. Nick is a regular contributor to the Fox News Channel and Fox Business, the PIX11 Morning Show, and has a weekly appearance on the popular Raph Bailey Radio Show.  He co-anchored PIX11's five-hour live inauguration coverage with Jim Watkins and Kaity Tong.

Nick is a contributor to Donklephant.com, one of the most influential political blogs on the web, and  has written for US News & World Report, The Star-Ledger, Real Simple Magazine and RealSimple.com.  Nick has been quoted in over two dozen stories on politics, the presidency, and public relations.  In December of 2007, Nick was named one of PR Week's 40 under 40 to watch, and in May of 2008 was featured in "Profiles of Success", a book about public relations. Nick lives in Jersey City, NJ, with his wife and two children, and spends what little free time he has obsessing on the Mets.

Nick can also be found on Facebook. http://www.facebook.com/profile.php?id=740817853


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« Frank Rich suffering from Olbermann-itis | Main | Our economy is in much worse shape than we think »
Sunday
Feb012009

Tom Friedman even more pessismistic than Dave Leonhardt ... rut roh

Cheery optimist Tom Friedman is at it again ... another column that should eliminate any smile or warm feelings you're suffering this Sunday morning.

Unfortunately, I happen to think he's right.

His thesis: the economic pain and uncertainty is going to last a lot longer than we had first suspected. In fact, it may become sort of permanent.

Money quote:

[I]f it is not apparent to you yet, it will be soon: there is no magic bullet for this economic crisis, no magic bailout package, no magic stimulus. We have woven such a tangled financial mess with subprime mortgages wrapped in complex bonds and derivatives, pumped up with leverage, and then globalized to the far corners of the earth that, much as we want to think this will soon be over, that is highly unlikely.  We are going to have to learn to live with a lot more uncertainty for a lot longer than our generation has ever experienced.

I don't recommend reading Friedman and David Leonhardt's piece in the same sitting; it may cause your head to explode.  I'm just saying.

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