{"id":2691,"date":"2009-09-13T21:07:22","date_gmt":"2009-09-14T05:07:22","guid":{"rendered":"http:\/\/secularright.org\/wordpress\/?p=2691"},"modified":"2009-09-13T21:25:11","modified_gmt":"2009-09-14T05:25:11","slug":"the-commanding-heights","status":"publish","type":"post","link":"https:\/\/secularright.org\/SR\/wordpress\/the-commanding-heights\/","title":{"rendered":"The Commanding Heights"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2009\/09\/14\/business\/14big.html?_r=1&#038;hp=&#038;pagewanted=print\">U.S. Is Finding Its Role in Business Hard to Unwind<\/a>:<\/p>\n<blockquote><p>But one year after the collapse of Lehman Brothers set off a series of federal interventions, the government is the nation\u2019s biggest lender, insurer, automaker and guarantor against risk for investors large and small.<\/p>\n<p>Between financial rescue missions and the economic stimulus program, government spending accounts for a bigger share of the nation\u2019s economy \u2014 26 percent \u2014 than at any time since World War II. The government is financing 9 out of 10 new mortgages in the United States. If you buy a car from General Motors, you are buying from a company that is 60 percent owned by the government.<\/p>\n<p>If you take out a car loan or run up your credit card, the chances are good that the government is financing both your debt and that of your bank.<\/p>\n<p>And if you buy life insurance from the American International Group, you will be buying from a company that is almost 80 percent federally owned.<\/p><\/blockquote>\n<p>Daniel Yergen will have to write a new introduction to his classic book, <a href=\"http:\/\/www.amazon.com\/exec\/obidos\/ASIN\/068483569X\/geneexpressio-20\/\">The Commanding Heights: The Battle for the World Economy<\/a>. Rather that a story of victory, it now reads like the lost cause&#8230;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Is Finding Its Role in Business Hard to Unwind: But one year after the collapse of Lehman Brothers set off a series of federal interventions, the government is the nation\u2019s biggest lender, insurer, automaker and guarantor against risk for &hellip; <a href=\"https:\/\/secularright.org\/SR\/wordpress\/the-commanding-heights\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[9,8,90,15],"tags":[1127],"_links":{"self":[{"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/posts\/2691"}],"collection":[{"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/comments?post=2691"}],"version-history":[{"count":3,"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/posts\/2691\/revisions"}],"predecessor-version":[{"id":2694,"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/posts\/2691\/revisions\/2694"}],"wp:attachment":[{"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/media?parent=2691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/categories?post=2691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secularright.org\/SR\/wordpress\/wp-json\/wp\/v2\/tags?post=2691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}