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Jacob S. Hacker and Paul Pierson
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Entries by Jacob S. Hacker and Paul Pierson

The Great Disconnect

(315) Comments | Posted December 15, 2010 | 10:35 AM

If an economic catastrophe befalls Americans and no one in power hears it, did it happen?

That was the question raised by a new Yale/Rockefeller Foundation report released yesterday that looks at the economic experiences of Americans during the Great Recession. Since one of us (Hacker) was a...

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America's Hostage Crisis: Day 3,500 -- And Counting

(224) Comments | Posted December 9, 2010 | 2:24 PM

When President Obama said he was forced to negotiate with hostage-takers, he conjured an image of ski-masked Republicans suddenly storming the White House and demanding tax cuts for the rich, a screaming Jane Middle Class in tow.

The imagery made it seem as if this bitter fight just emerged --...

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The High Costs of Cheap Talk

(238) Comments | Posted November 30, 2010 | 10:14 AM

Perhaps the best that can be said about President Obama's preemptive sacrifice to the deficit-reduction gods -- a two-year freeze on pay for non-military federal workers -- is that it represents small change. Amid widespread calls for big immediate cutbacks that could endanger a painfully weak recovery, the president's proposal...

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Warren Buffett vs. the Broken-Clock Brigade

(509) Comments | Posted November 22, 2010 | 3:07 PM

Warren Buffett made headlines the other day when he said on ABC that "people at the high end, people like me, should be paying a lot more taxes. We have it better than we've ever had it."

It's sign of the times that economic sanity only gets traction...

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It's Party Time on Wall Street, But Americans Face the Hangover

(246) Comments | Posted November 17, 2010 | 1:49 PM

The Congressional Oversight Panel set up to police the reckless financial institutions aided by the federal bailout of 2008 has just released an alarming report on the foreclosure mess. It concludes that "companies servicing $6.4 trillion in American mortgages may have bypassed legally required steps to foreclose on...

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A Tale of Two Planets

(145) Comments | Posted November 11, 2010 | 4:11 PM

The distance between Planet Washington and Planet Earth, or at least the American corner of it, has never been greater.

Today, on Planet Washington, two big news stories capture the cognoscenti. The first is that President Obama appears willing to cave on Republicans' insistence that all the Bush...

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Giving the Keys Back to the Folks Who Crashed the Car

(1079) Comments | Posted November 3, 2010 | 2:11 PM

After Tuesday's drubbing, Democrats will search for the hidden message of the election. But the message isn't hidden: The decisive blocs of voters that switched from Democrats in 2008 to Republicans in 2010 were angry and disillusioned -- with the economy, with a political system they see as...

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