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Your Abbreviated Pundit Round-up
Daily Kos —
Friday pundits are the best! Except, maybe for Wednesday. Or Tuesday. And there's always Saturday and Sunday. NY Times editorial: The jobs report for June should put a chill on hopes for an economic recovery anytime soon. And it makes a compelling case for more government stimulus, as unpopular as that idea may be in Washington. Americans all over the country are struggling. Paul Krugman: O.K., Thursday’s jobs report settles it. We’re going to need a bigger stimulus. But ...
Memo For File LXXXVIII
Right Wing News —
Krugman "O.K., Thursday's jobs report settles it. We're going to need a bigger stimulus." -- Economist Paul Krugman of the New York Times (hat tip: ...
Friday afternoon links
Maggie's Farm —
... Krugman makes for a fine straw man. Sort of like Sullivan does. Usually straw men are unreal, as in "some say...", but these buffoons are, seemingly, real. Krugman wants more government stimulus. WTH? This is like idiot religion: If your prayers aren't answered, just pray harder. ...
Pondering What Secret Beliefs Drive Wingnuttia
Library Grape —
... claiming that the latest job figures prove the failure of Obama’s economic plan — something I dealt with in the Times. All of this follows on ...
Iran's Fakir Anger, the Good, the Bad, the Sarah Palin
Notes From a Grumpy Old Man —
Paul Krugman Meir Javedanfar Gov Arnold Schwarzenegger Matt Taibbi Oh, what a mess the Iranians are making for themselves: first, they arrest nine British embassy employees on the grounds that they helped incite protestors to riot after the election. They release all but two, whom they are now going to put on trial, as the BBC reports: "Guardians Council chief Ahmad Jannati said: "Naturally they will be put on trial, they have made confessions.".."In these incidents, their embassy had a ...
Krugman Is Brutal Today
The Agonist - thoughtful, global, timely —
After reading Krugman today I'm ready to go hide under a rock. I figured it was bad, but sheesh. There's bad and then there is bad.
More Stimulus
Matthew Yglesias —
Paul Krugman sounds the alarms about the need for additional stimulus, though he recognizes the political obstacles:
So getting another round of stimulus will be difficult. But it’s essential. [...] So here’s my message to the president: You need to get both your economic team and your political people working on additional stimulus, now. Because if you don’t, you’ll soon be facing your own personal 1937.
Given the political obstacles, I worry about the wisdom of framing it this way. The funds appropriated in ARRA are only now beginning ...
Stimpack FAIL, administration FAIL, economists' FAIL
Corrente —
Krugman has the blues.
The stimpack:
So what do we have to counter this scary prospect? We have the Obama stimulus plan, which aims to create 3 ½ million jobs by late next year. That’s much better than nothing, but it’s not remotely enough.
The a
dministration:
Do you remember the administration’s plan to sharply reduce the rate of foreclosures, or its plan to get the banks lending again by taking toxic assets off their balance sheets? Neither do ...
Stops on the Infobahn
The Sideshow —
I suppose you could consider the Democrats' complete dismissal of single-payer somewhat better than the the GOP version of constituent services: "SEIU along with teachers and members of the military set up a table with apple pie and signs welcoming the Senator and urging him to support an American solution to healthcare reform," noted Jane Kleeb, SEIU State Director. "Instead of coming by and saying hello, the Senator walked right by us as we were surrounded by police and said 'good luck with that.'" Personally, I wouldn't mind seeing more demonstrations for single-payer - really big ones that even the press can't ...
Biden Ignores Warnings Of Krugman, Stiglitz, Roubini And Others
Politics on HuffingtonPost.com —
... This past week, meanwhile, when he declared once more than the Obama stimulus plan, while "better than nothing" needs to be supplemented with something more. ...
The Green Shoots are Dead
Commondreams.org Views —
The June US employment report should convince even the determinedly ignorant that the time has come for another round of stimulus for the American economy. The economy is continuing to shed jobs and work hours at a very rapid pace. The unemployment rate is virtually certain to cross 10% by the end of the summer and will likely hit 11% before we are very far into 2010. This is a scenario much worse than the Obama administration had expected when it crafted its stimulus package. It is time for it to adjust its plans accordingly. When the Obama administration put together its stimulus package in January, it was projecting that, ...
Media, Obama Gearing Up for 'Stimulus, The Sequel'
NewsBusters.org - Exposing Liberal Media Bias —
"Fool me once, shame on you; fool me twice, shame on me" That's a saying once bungled by President George W. Bush, to the loud delight of the liberal media. But that same media should keep it in mind as Washington mulls a second round of stimulus spending. A July 7 ...
More Stimulus Needed
Classical Values —
More Stimulus Needed Paul Krugman says that another stimulus is needed to get the economy moving. (from July 2nd) O.K., Thursday's jobs report settles it. We're going to need a bigger stimulus. But does the president know that? Let's do the math. Since the recession began, the U.S. economy has lost 6 ½ million jobs -- and as that grim employment report confirmed, it's continuing to lose jobs at a rapid pace. Once you take into account the 100,000-plus new jobs that we need each month just to keep up with a growing population, we're about 8 ½ million jobs in the hole. And the ...
Oh Shoot! Green Shoots Are Dead!
Open Left - Front Page —
Two weeks ago, I wrote a diary, "The Recovery Myth", warning about the risks of ignoring longer-term economic prospects for short term upticks. This diary continues that theme (and is fully in tune with Mike's recent diary, "We Need a Jobs Package, Not a Stimulus Package").
A rising tide of voices are warning that optimism over a coming recovery--the promise of "green shoots"--is looking increasingly questionable. Typical of these are Dean Baker's "The Green Shoots Are Dead", hence my diary title. The subhead to his article explains:
The latest jobless figures show America's ...
