Update: Paul Krugman at Conscience of a Liberal points to Spencer England’s post in his column 8/1…Dan I thought it would be interesting to post this chart of real private GDP in recoveries. It clearly shows that since the great moderation we have experienced three recoveries that compared to previous recoveries were very weak. Whether […]
I can’t help but think that Romney’s newly invigorated crony-capital (e.g., Solyndra) schtick is very much a double-edged sword for him. I mean, isn’t he the candidate who, notwithstanding his claimed concern about the federal deficit, refuses to support the proposed elimination of the federal government’s subsidies to the oil and gas industry, and who […]
A key but seriously underemphasized factor in the near-collapse of the financial system and economy in 2008 was the role that the two largest securities-ratings firms, Moody’s and Standard and Poors, played: The two agencies routinely and deliberately overrated the value of mortgage-backed securities. So I was momentarily (and naively) stunned to read this morning […]
Okay, okay. I know that Obama doesn’t read AB. So I know that his decision, reflected in his speech today at a lunch with Associated Press editors and reporters, to finally—finally—start refuting the Republicans’ economics proposals with actual examples and statistics, was not prompted by my repeated laments here that Obama just doesn’t do specifics, i.e., […]
Brad DeLong asked a few days ago who he should be reading on a daily basis. Following is a cross-post from my nominee, The Hunting of the Snark: Kudlow’s Komedy Kapers Larry Kudlow is worried that Obama is ruining the economy. Larry KudlowAugust 5, 2011 4:30 P.M. More Obama Spending Won’t Do ItAnd stocks know […]
It’s that they are so bad at it. At least they made clear that Glenn Greenwald was correct when he said the deal is exactly what Obama wanted: Fact: President Obama laid out key priorities that had to be part of any deal. Those priorities are reflected in this compromise.…the initial down payment on deficit […]
By: Daniel Becker Well, it’s that time of year again. The State of the Union. And the state of my business. So far, from what I’m reading regarding the expected content of the address by President Obama, I think I’ll just practice my playing as I usually do on Tuesday nights. Really? What’s the use […]
By Daniel Becker I watched then read President Obama’s interview on 60 Minutes. The following is the most telling quote: PRESIDENT OBAMA: …And, you know, I can make some really good arguments defending the Democratic position, and there are gonna be some people who just don’t agree with me. And that’s okay. And then we’ve […]
by Daniel J. Becker Back in June of ’08 I asked regarding Jason Furman’s appointment by Obama: Is this the concession the Clinton/Blue Dog group was looking for? The DLC still keeps control of the money issues? I asked because of his connection to the Hamilton Project at the Brookings Institute: Hamilton Project, a small […]
by Bruce Webb (UPDATE: Digby readers, I want to make it clear that I am not NewDealDemocrat, I just got permission to cross-post this important compilation from NDD.) Blog friend NewDealDemocrat has a recommended diary up on dKos called Mr. President, No Real Democrat is agnostic about Social Security. NewDeal gave me an advance look […]