For me, a really radical position for journalism to take is to stop being cynical. Cynicism is what passes for insight among the mediocre.

Affirmative action was always racial justice on the cheap.

If there was one fact that sent me hurtling off to write 'Politics Lost,' it was when I learned that John Kerry had focus-grouped Abu Ghraib. We knew about the Justice Department memo in June of 2004, and Kerry didn't raise that in any one of his three debates with George Bush.

Bush the Elder's stature as president grows with every passing year. He was the finest foreign policy president I've ever covered and a man who defied his party on tax increases while imposing budget restrictions on the Democrats.

Business is a very beautiful mechanism to solve problems, but we never use it for that purpose. We only use it to make money. It satisfies our selfish interest but not our collective interest.

The culture of self-gratification and deregulation that began during the Clinton years and continued under President George W. Bush led to the bursting of one stock market bubble at the turn of the century and a full-scale financial crash less than a decade later.

It's not just the players, it's the culture. Sometimes it's the people around them; the people who are looking after them - the money they're given. Some of the families give up their jobs and live off their sons. That would never have happened 10 years ago.

My father grew up with no money. He was raised in one of the poorest neighbourhoods in the U.S. My mother helped him sew labels into his ties. My life has been very comfortable, sure, but they instilled into us the importance of the work ethic.