Barack Obama, who took office months after the Great Recession started, must be cursing his luck. Just at the point when investment and jobs normally would be coming back, the U.S. economy has taken a sickening swoon.
The truth is that this country has barely begun to do the urgently needed work of rewiring the economy to support manufacturing and the jobs that it brings.
Paul Krugman launches an attack Monday in the New York Times on what the headline of his column calls "The Unwisdom of Elites." Well, I can agree with...
If President Obama is right about the importance of education for improving national competitiveness, you would expect teaching to be a 21st century growth industry.
The idea that sides must be chosen in advance of the release of the film Atlas Shrugged feels a little frivolous. With the look of a TV movie, I doubt that the "leftists" will be out in force telling Rand fans how bad this movie it is.
My message to the Democrats is simple and straightforward: Hold the line, and do not fold. As bad as a shutdown would be, allowing the Republicans to win would be far worse for the country.
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Influential journalists are making persuasive cases that austerity is the wrong approach in fragile economies. That's good news. But discussions still get muddled in ways that can have perverse effects.
This is the administration's chance to stand with fighters like Elizabeth Warren, both in its words and in its deeds. Some well-targeted prosecutions would be an enormous political boon. It would also be the right thing to do.
To people across the country who live in states in crisis, and who were sheltered from the full impact of economic downturn in the last two years, the stimulus should be looking pretty good right about now.
Without economics, vested interests can't tell whether free trade benefits them or not, just as a company can't know whether or not it is profitable without resort to accounting principles.
How fortunate we are to have two Nobel Laureates bringing their prestige to matters relevant to oil markets. They instruct us on matters of oil pricing and get it dangerously wrong while we pay at the pump.
The point is that no self-respecting human being likes to be bullied, whether in Tripoli or in Madison. In America, less urgently than in Libya but urgently enough, it's high time we reclaimed an honest and legitimately popular politics.
We are now locked in the great budget battle of 2011. Who will win, the president or House Republicans? It's impossible to say yet, but I do know who is going to lose: us.
In election after election, the same opportunity remains unrealized -- the possibility that either extreme could unite with the center to exclude the most extreme policies of the other.
When we're asked whether or not we want to cut spending, a plurality of Americans want to slash away. But when we get specific, our preference is to keep spending -- by wide margins. And when I write "wide," I mean chasm-wide. Huge.