Blog Posts

The Glory that was Gre.....America

Some Congressional Republicans are just backward rejecting modern economics on the same basis they reject Darwin and climate science. Others are cynical, desiring the worse possible economy as an aid to recapturing the White House and Senate in 2012. Still others simply do not believe that government action can ever be a force for good……………………………..

The US suffers with an increasingly third-world level of infrastructure, third-tier education system and enormous gaps in the preparedness of its workforce….

Breathe

The debt- limit   "deal" was/is much ado about  nothing. (just a little phrase I thought up, do you like it?) The only tangible result is, there's a new limit in place and it will be increased again before next year's election without the requirement for yet another rain dance.

None of the items agreed are laws, just vague expressions of intention which bind nobody. And if they are at some point embodied in legislation , the Lord giveth and the Lord taketh away. What any US Congress votes to do  can be voted to undo by the next Congress.

Yesterday's Wisconsin Primaries looked good to me. True?

There were 6 primaries for democrats who are hoping to oust that same number of Reps in a Recall election in August. The Reps ran faux dems against them.. In five cases the real dem got over 65% of the vote. In the sixth it was closer.

Can Wisconsin dagbloggers provide more info?

As the results themselves demonstrate Republicans can and did cross over to vote in this"democratic" primary.

 

The Huffington Post carries a report from which I extracted the above

 

The Deal doesn't matter

Larry Summers today at Brad Delong

 The truth is that the expected impact of the deal over a 10-year period will not be its most important aspect except in the context of the current media cycle.... Agreements reached now are subject to revision, potentially radical revision following next year’s election.

The 14th Amendment solution

Whis is further to my two days old blog  You can be the first on your block.

NPR did a long segment tonight of All Things Consdered on this 14th Amendment fix for the debt limit crisis. If you didn't hear it you can go to the NPR.

To recap here in a couple of sentences : In the post Civil War period the Southern Politicians rejoining the Senate were annoyed that the South's tax revenues would be used to  honor the Union debts as they matured.

You can be the first on your block

 

who knows there is no debt limit problem.  According to  Bruce Bartlett Via Brad Delong

Which shell is it the pea is under?

Over at Brad Delong's he was dispairing about Obama's  economic comments at todays press conference.

Not so much his readers - or me-.

Zach said...

There are some sane economists

and  Brad DeLong’s does a daily summary , Here are a few ....

:

From Brad Delong

Peter Diamond unqualifed to be a Federal Reserve Governor: Peter Diamond: "Last October, I won the Nobel Prize in economics for my work on unemployment and the labor market. But I am unqualified to serve on the board of the Federal Reserve — at least according to the Republican senators who have blocked my nomination.

Pages

History

Member for
13 years 5 months

Latest Comments