Tag Archive | "Economics"

Krugman Joins In With A “Rejoice When They Fail” Hug

   One of the things I’ve said, only half-jokingly, to a bunch of radio stations and in numerous posts (including just a couple of days ago) is that I am not a religious person but I get down on my hands and knees every day and pray, pray, pray that the Catfood Commission II fails […]

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NYTimes Editorial Board Needs A Short Lession on War and Economics

  Let’s see. You’re an editorial board member of the vaunted New York Times. You get paid a lot. Is there at least an expectation that you get your facts right? I know–rhetorical question. It happens every day but sometimes there are just whoppers that need correcting–because they do make a difference. In today’s editorial […]

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Memo to Deficit Obsessed Fools: Cheaper Government=Single-Payer Health Care

   In the list of really annoying habits of the bi-partisan obsession with the phony debt and deficit "crisis" is the inability, or the ideological desire to willfully refuse, to do simple math. Because if you did simple math, then, you cannot be FOR cheaper government without being FOR single-payer health care. Put another way, […]

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Republican Party’s America: An Economic Bridge To Collapse

   This past Friday, I was standing on the Stone Arch Bridge in Minneapolis at a Laborers rally to push for massive infrastructure investment as a way to create jobs, and rebuild the country. In an obvious way and a less obvious way, standing on the bridge spanning the Mississippi gives one a clear understanding […]

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Financial Times: Pawlenty Plan “Stunning In Its Vapidity”

   It’s one thing for progressive economists and activists to see the emptiness and complete foolishness of Tim Pawlenty’s "economic plan". It’s another thing for perhaps the globe’s leading financial newspaper to dismiss it as something that is "difficult to describe without seeming to parody it." But, The Financial Times Clive Crook makes a valiant […]

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“The Untouchables” Strategy: How To Fix The Economy

Every day, I get a new email from some group about a new 55-page proposal to fix the economy, or I see some expert propose a sure-fired way to get us "back" to a go-go world of "positive growth". There’s value in a whole lot of some of those ideas. But, my can’t-lose strategy boils […]

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Redux: The Coming Corporate Raid On The U.S. Treasury

Got crabs? Cut corporate taxes. Can’t get your kid to eat spinach? Cut corporate taxes. Worried your skin it too dry? Cut corporate taxes. And, then, of course, want the economy to be more "competitive" and "grow"? Cut corporate taxes. None of the above will be helped by cutting corporate taxes–but the reasons given for […]

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Chicken Little and The Dollar

   The obsession with the value of the dollar is kind of goofy. More than three years ago, not for the first time, I suggested that it would actually be a good thing if the value of the dollar declined significantly, particularly as it relates to the trade relationship with China. People in political circles […]

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Remind Me, Why Are We “Wooing” Republicans?

Admittedly, I’ve never been into the bi-partisan meme. Maybe it’s because I’m a labor movement person and the mission of the Republican party, and its allies, is to destroy the labor movement. But, I still remain mystified: why exactly, given the Republican party’s record, is the new Administration working so hard to win it over? […]

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President-Elect Obama, Some “Unconventional” Economic Thinkers To Consider

  President-elect Obama has publicly stated that he wants "unconventional" thinking among the people who give him advice on the economy. Fantastic. So, here are some suggestions.    I’m throwing out these suggestions—-and welcome others—-partly because of the debate zapping around progressive circles about how critical progressives should be about the incoming Administration. I find […]

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Where Is Labor, Mr. President-Elect?

   I don’t want to overstate this but it does make me a bit concerned when I look at the face of the economic transition team. Not a single labor leader was standing behind the president-elect at his first press conference. Here is the list: David Bonior (Member House of Representatives 1977-2003) Warren Buffett (Chairman […]

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Obamanomics: Better But Too Timid

  It’s not a hard intellectual or political lift to say that a President Obama would be leaps and bounds much better for working people than John "Third Bush Term" McCain–partly because the bar has been set so low in the past eight years. But, it’s worth being clear-eyed about what we can expect.   […]

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The World Is Slowing Down

   Other people are feeling the pain, so says The Wall Street Journal: The global economy — which had long remained resilient despite U.S. weakness — is now slowing significantly, with Europe offering the latest evidence of trouble. On Thursday, the European Union’s statistics agency said gross domestic product in the euro zone contracted 0.2% […]

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The Song Appears To Remain The Same

   I am not surprised by this but it makes me wonder why there is this general whispering campaign that critics of Sen. Obama’s economic proposals should keep quiet. The Wall Street Journal this morning: The campaign for the CEO vote is heating up. With increasing attention on the economy, the presidential candidates are trying […]

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Obama’s Economic Vision

   I’m going to have more to say on this topic in the coming days. There has been a controversy brewing in the past couple of days while I’ve been out of pocket (sort of) and here’s the upshot: WASHINGTON — Labor union officials and some liberal activists were seething Tuesday over Barack Obama’s choice […]

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Killing In The Name Of So-Called “Free Trade” (UPDATED)

  I keep thinking that there will be a limit on how far thinking people will go to turn a blind eye to the death and misery brought to us courtesy of so-called "free trade". But, lo and behold, every day brings new wonders at the capacity of our government, and its servants in the […]

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