The whole thing is bad medicine and represents a failure of national priorities.
Showing posts with label debt deal. Show all posts
Showing posts with label debt deal. Show all posts
Thursday, August 11, 2011
Charting The Debt Deal
Aug 11th, 2011
The whole thing is bad medicine and represents a failure of national priorities.
The whole thing is bad medicine and represents a failure of national priorities.
Thursday, August 4, 2011
Media Ignores Wall Street Protest
August 4th, 2011
Perhaps the headline should have read, Media Ignores Wall Street Protest AGAIN. In any event, hundreds of angry citizens voiced their opposition to the debt deal on Tuesday by descending upon America's financial center.
Perhaps the headline should have read, Media Ignores Wall Street Protest AGAIN. In any event, hundreds of angry citizens voiced their opposition to the debt deal on Tuesday by descending upon America's financial center.
Tuesday, August 2, 2011
About That "Super Committee"
August 2nd, 2011
Jonathan Chait sees a potential silver lining for Democratic priorities:
"I actually think the design of this plan is fascinating. You take a couple of the most powerful forces preventing major policy change -- partisan gridlock and special interest influence -- and turn them into forces for change by rejiggering the default setting."
Jonathan Chait sees a potential silver lining for Democratic priorities:
"I actually think the design of this plan is fascinating. You take a couple of the most powerful forces preventing major policy change -- partisan gridlock and special interest influence -- and turn them into forces for change by rejiggering the default setting."
Quote Of The Day - Here and Now Edition
August 2nd, 2011
"Despite years and years of study by economic historians that we shouldn't repeat the mistakes of 1937, we seem to be doing it again."
-- Economist Lawrence Katz condemning the "debt deal" and our misplaced obsession with "austerity measures."
-- Economist Lawrence Katz condemning the "debt deal" and our misplaced obsession with "austerity measures."
Olbermann On The Debt Deal
August 2nd, 2011
"Our government has now given up the concept of right and wrong."
"Our government has now given up the concept of right and wrong."
The Debt Deal Vs. Jobs
August 2nd, 2011
In a report from the EPI, it estimated that the "debt deal" could cost as many as 1.8 million jobs over the next year. Sleep tight.
In a report from the EPI, it estimated that the "debt deal" could cost as many as 1.8 million jobs over the next year. Sleep tight.
Monday, August 1, 2011
J.P Morgan Said WHAT?
August 1st, 2011
Outside of knee-jerk radicals like Grover and Heritage and Cato, what problem do actual, on the ground and presumptively conservative financial organizations have with the debt deal? It might surprise you. One of the biggest failings in this hyper-partisan plan is...
no stimulative spending.
From the J.P. Morgan analysis
"4) Impending fiscal drag for 2012 remains intact. The deal does nothing to extend the various stimulus measure which will expire next year: we continue to believe federal fiscal policy will subtract around 1.5%-points from GDP growth in 2012. Its possible the fiscal commission could do something to extend some measure such as the one-year 2% payroll tax holiday, though we think unlikely, as it would need to be paid for, which would be tough. If anything, the debt deal may add modestly to the fiscal drag we have penciled in for next year." EMPHASIS OURS
no stimulative spending.
From the J.P. Morgan analysis
"4) Impending fiscal drag for 2012 remains intact. The deal does nothing to extend the various stimulus measure which will expire next year: we continue to believe federal fiscal policy will subtract around 1.5%-points from GDP growth in 2012. Its possible the fiscal commission could do something to extend some measure such as the one-year 2% payroll tax holiday, though we think unlikely, as it would need to be paid for, which would be tough. If anything, the debt deal may add modestly to the fiscal drag we have penciled in for next year." EMPHASIS OURS
Yup. Much the same point that economists such as Krugman, Stiglitz and Reich have been making. We are very much through the looking glass.
Wow. That IS The Best Word Cloud Ever
August 1st, 2011
To be honest, I have found the whole "word cloud" phenomena to somewhat perplexing. Perhaps I am getting old. I do, on occasion, find them amusing and entertaining. It was not until today, however, that I found one that was both hysterical and heart wrenching. Jon Cohen writes over at WaPo:
"Americans give overwhelmingly negative reviews to the fierce budget debate that has transfixed Washington over the past few weeks, and large numbers now think less favorably about the country’s political leaders, according to a new poll by the Washington Post and the Pew Research Center.
Asked for single-word characterizations of the budget negotiations, the top words in the poll — conducted in the days before an apparent deal was struck — were “ridiculous,” “disgusting” and “stupid.” Overall, nearly three-quarters of Americans offered a negative word; just 2 percent had anything nice to say."
Here it is...
To be honest, I have found the whole "word cloud" phenomena to somewhat perplexing. Perhaps I am getting old. I do, on occasion, find them amusing and entertaining. It was not until today, however, that I found one that was both hysterical and heart wrenching. Jon Cohen writes over at WaPo:
"Americans give overwhelmingly negative reviews to the fierce budget debate that has transfixed Washington over the past few weeks, and large numbers now think less favorably about the country’s political leaders, according to a new poll by the Washington Post and the Pew Research Center.
Asked for single-word characterizations of the budget negotiations, the top words in the poll — conducted in the days before an apparent deal was struck — were “ridiculous,” “disgusting” and “stupid.” Overall, nearly three-quarters of Americans offered a negative word; just 2 percent had anything nice to say."
Here it is...
Quote Of The Day - Here and Now Edition
August 1st, 2011
"Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics."
-- Robert Reich
-- Robert Reich
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