Wolraich: Obama at the Gates of... Gates
Dr. C: In Praise of Writing Binges
Maiello: Gatsby Doesn't Grate
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
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.
So why are we rending our garments here over Obama's debt ceiling strategy? Beat's me. What matters are the actions that some president will be taking in 2013. [Read more]
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. [Read more]
who knows there is no debt limit problem. According to Bruce Bartlett Via Brad Delong
What Debt Limit? Plan B is the 14th Amendment: I now feel even more strongly that the Fourteenth Amendment trumps the debt limit. .........(see)...........this.... article by George Washington University law professor Michael Abramowicz. Writing in the Tulsa Law Journal (“Beyond Balanced Budgets, Fourteenth Amendment Style,” 33:2, Winter 1997, pp. [Read more]
Over at Brad Delong's he was dispairing about Obama's economic comments at todays press conference.
Not so much his readers - or me-.
On Obama's rhetoric .............................................. the White House has already recognized that any compromise package is going to fail in the House on its first vote (between those who've lined up against any debt ceiling increase on principle and Democrats who won't sign onto any compromise that'll please Eric Cantor). Remember TARP? Same thing. The markets will plunge, a lot of money will be burned up for no reason, people will call their representatives, and we'll get a new vote with token changes that'll pass the next day. [Read more]
and Brad DeLong’s does a daily summary , Here are a few ....
Republican claims that only those who want full socialism believe the market fails in health care: Paul Krugman: "Some readers ask why my argument that relatively centralized systems work better for health care than the “free market” isn’t an argument for government ownership of everything. The answer is that health care is different:……………………………………………………….. And we’ve known that since Kenneth Arrow’s classic …….. half a century ago. [Read more]
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. How can this be? The easy answer is to point to shortcomings in our confirmation process and to partisan polarization in Washington. The more troubling answer, though... [Read more]
Indeed in 2007 the chief executives of the Too Big to Fail Banks made on an average $26 million.
Joe Nocera , today's Times
And they paid 35% income tax on most of that
Flavius, dagblog 2 days ago.
Just for fun here's some of the 1960 tax rate brackets They started at
0 to $4000 20%, Then continued [Read more]
For my sins reading Tyler Cowen today brought to mind Marianne Moore's hankering for an Imaginary Garden with real toads in it.
Cowen (no he's not a toad, real or imaginary. Flavius does not do insults. That's the next office) imagines a driverless auto. Or a lot of them doing various imaginary good things. One unfortunately has an imaginary accident and kills an imaginary child. I'll drop imaginary from here on because it's getting tedious ( I know , I know that never stopped me before).
Anyway following this accident the [Read more]