campaignsilo.firedoglake.com - 11/17/2008
delong.typepad.com - 11/17/2008
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delong.typepad.com —
I have never been able to make any
sense at all of the right-wing claim that the
New Deal prolonged the Great Depression by creating a "crisis of confidence" that crippled private investment as American businessmen feared and hated "that ...
(more)
Lessons from the Great Depression Blogging
yglesias.thinkprogress.org - 11/21/2008
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yglesias.thinkprogress.org —
Nice work as the Nobel Prize winning economist
takes on the conservative columnist. Will argues that New
Deal policies made the Depression worse. Krugman retorts that the New Deal was working nicely until FDR’s concern with balanced budgets and ...
(more)
Will v. Krugman on the Depression
Comments
Blog Reactions
Hullabaloo —
... fuck with the shrill one. And is it possible to even dream that Will's embarrassing trope, which has only been acceptable up to this point in the outer recesses of wingnutville, will be as vigorously rebutted by every Democrat? After the last few years I think it's fair to say that they can be successful at saying black is white and up is down if nobody says anything... at least for just long enough to make things infinitely worse. Ht to fdl
Notes From The Real World: Budget Crises?
Firedoglake —
... While theories abound on how we got into this economic mess, and who ought to shoulder more or less of the blame, folks in the real world are dealing with the consequences.
Time for a few notes from reality, for some perspective among the Beltway crowd spending far too much time scrambling for CYA and propping up pals, and far too little time thinking of the little guy:
-- The brunt of the intial pain? Falling on folks who can least afford it. ...
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How is this depression different than the Great Depression?
themoderatevoice.com 3/6/2009 — There, I said it. We are in a depression. Not a recession but a depression. We haven’t yet hit the textbook definition of a “depression”: a fall of GDP by 10% over three years along with a 10% unemployment rate. But we are fast approaching the official definition.
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