Do Democrats running for office for the first time have their act together when it comes to economics? Writer Ryan Cooper is skeptical, writing at The Week that “The Democratic Party is flying blind on economics. via The Democrats are Moving Left, and the Real Work is Just Starting The biggest story no one is talking […]
We are now 14 months into united conservative governance. Conservatives came into power with a clear plan to rip out Obama’s achievements and overhaul the whole modern state. Paul Ryan and Mitch McConnell planned on running everything through reconciliation. They also had a President who would sign anything. So how is it going? via Why […]
Six Problems with the GOP Debate on Financial Reform – Roosevelt Institute Nobody Wants to Be a SIFI Actually, institutions declared systemically important fight against it, hard. GE sold off GE Capital, and in the process its chairman said “GE will work closely with [regulators] to take the actions necessary to de-designate GE Capital as […]
Two Contradictory Arguments That Dodd-Frank is Crony Capitalism | Next New Deal I’m pretty convinced that the term “crony capitalism,” as deployed by the right, is useless as a political or analytical tool. I keep a close eye on how conservatives talk about financial reform, and according to the right, Dodd-Frank is crony capitalism. Oh […]
The Tea Party thinks it hates Wall Street. It doesn’t. many Tea Party Republicans are in favor of the same bills favored by the financial industry. Take the Financial Takeover Repeal Act of 2013, a one-line bill sponsored by Sen. David Vitter (R-La.) that repeals Dodd-Frank and replaces it with nothing. This bill has 22 co-sponsors this […]
What’s the Best Way to Help the Long-Term Unemployed? Full Employment. Worth a read.
Rortybomb: What Does the Leaked Brown-Vitter Bill on Too Big To Fail Do? It gets very technical, but the 1st third of the article is an easy read and worth reading. Explains what is and what is not in Brown-Vitter and has an easy to understand chart.
No, Marco Rubio, government did not cause the housing crisis For obvious reasons, this argument is very popular on the right, but there’s precious little to back it up. The core claim can be a bit slippery, but it tends to go something like this: the existence and affordability goals of Fannie Mae and Freddie […]
(via The Game Theory of the Post-Platinum Coin Debt Ceiling) Rortybomb on the debt ceiling, gaming it down to best and worst outcomes.
Why Romney’s Tax Plan is Mathematically Impossible A quick analysis based on class shows that the math simply doesn’t add up, particularly for the poor and middle class. It won’t balance the budget. It isn’t likely to promote growth. And it isn’t likely to cut the growth or size of government. So what exactly is […]