Tag Archives: Krugman

Budget debate = sham

Paul Krugman: The whole budget debate, then, is a sham. House Republicans, in particular, are literally stealing food from the mouths of babes — nutritional aid to pregnant women and very young children is one of the items on their cutting block — so they can pose, falsely, as deficit hawks. What would a serious […]

The Coming American Austerity

The G20 Summit in Toronto concluded with a declaration that the “advanced economies have committed to fiscal plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016.” The non-binding agreement follows shortly after the Greek debt crisis, which in turn has sparked a crisis of confidence regarding […]

Roundup for Monday 8/24/09

From Greg Sargent, proof that Democrats are losing faith in Obama’s tepid and contradictory ideas of change: Here are the net favorability ratings for Obama — i.e., the difference between the favorable and unfavorable ratings — broken down by party and compared with the previous week: DEMOCRATS: +72 (+78) REPUBLICANS: – 86 (- 84) INDEPENDENTS: +35 (+39) […]

Your dose of climate fearmongering

Paul Krugman is now accusing global warming denialists of treason: Still, is it fair to call climate denial a form of treason? Isn’t it politics as usual? Yes, it is — and that’s why it’s unforgivable. … the deniers are choosing, willfully, to ignore that threat, placing future generations of Americans in grave danger, simply […]

Beyond the subprime crisis

In my post about US debt to China, we found out that each and everyone of us in America owes the Chinese about $6,000. This is partly due to the fact we import more goods from China than we export to them, and because the Chinese government invests heavily in our currency. The two are […]

Depressing quote of the week

Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. The bottom line is that there has been basically no wealth creation at all since the turn of the millennium: the net worth of the average American household, adjusted […]

Roundup for Friday 12/19/2008

Bush is going to hook Chrysler and GM up with a $13.4 billion loan. Seems like a reasonable short term deal that will buy time for the incoming administration and Congress to address the issue more comprehensively. Paul Krugman thinks the Madoff scandal is a microcosm of the financial industry as a whole. The essence […]

Monday Blogging – 8/25/08

Hope you all had a good weekend, now it’s time to get depressed! 10:15am From MSNBC: [The McCain campaign] will be prepared to show McCain’s “home” in Hanoi by using images of his cell. They claim they have not overused the POW element and insist they have “underused it.” From 2004: McCain said that he […]