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Krugman schools Will
Political Animal —
KRUGMAN SCHOOLS WILL.... On ABC's "This Week" earlier, George Will explained his belief that FDR financial/regulatory policies discouraged investment and created an environment in which the "depression became the Great Depression." Fortunately, Will was sitting next to Paul Krugman. To hear Will tell it, the Roosevelt administration stood in the way of investors. In a fairly devastating 45 seconds, Krugman not only set the record straight, but explained that it was FDR's desire to balance the budget and cut federal spending that contributed to a decline in 1937. My antipathy towards Will has lessened this year, after he had some genuinely ...
Dollars and No Sense, Except for Newt
Taylor Marsh —
BY TAYLOR MARSH
Following after John McCain, who said the fundamentals of our economy are strong, right before the biggest economic collapse in modern history, yet another Republican gets caught with his stupid exposed. Poor Saxby Chambliss, he doesn’t know what a recession means. Not exactly a reason for Georgians to send him back to the Senate.
George Will has a whole other problem, of which Paul Krugman quickly disabused him.
Sean and Rush’s obsession of clinging to Ronald Reagan, especially by trumpeting the persona of Sarah Palin, has been making me giddy lately. Their ...
Heh
Suburban Guerrilla —
But but but… he has a bow tie! He’s a Very Serious Person!
Paul Krugman corrects George Will on “This Weak”:
What a Change! "The Week" Gives Airtime to an Expert
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
It is remarkable. In addition to their substance-free bloviators--George Will, Cokie Roberts, et cetera--The Week puts Paul Krugman on the air. And people watching can actually learn something:
Steve Benen comments:
The Washington Monthly: On ABC's "This Week" earlier, George Will explained his belief that FDR financial/regulatory policies discouraged investment and created an environment in which the "depression became the Great Depression." Fortunately, Will was sitting next to Paul Krugman. To hear Will tell it, the Roosevelt ...
A Sweet 77 Seconds: Paul Krugman Raps George Will on Great Depression and New Deal
The Washington Note —
This is a sweet 77 seconds in TV history.
-- Steve Clemons
Hullabaloo — Sunday Reruns by digby Josh Marshall points out how bizarre it is that the Sunday morning shows are still featuring many more Republicans, even though the whole government is about to be run by Democrats. But, it's even weirder than that. All the gasbags are already obsessed with the next election --- they can't stop talking about the great Republican comeback of 2012. I've heard of withdrawal pains but this is ridiculous. But then again, it only takes one real liberal to set the Republicans straight. Steve Benen reports: On ABC's "This Week" ...
Early Morning Swim: Special Krugman Pwns Will Edition
Firedoglake —
Hey, I agree with Eric Cantor!
Sunday still dominated by wingnuts.
And so was CBS -- just ask Rather.
The Obamas on "60 Minutes."
Obama's White House counsel -- Greg Craig.
And ...
D'oh!!!
Rising Hegemon —
George Will makes the mistake of discussing the usual revisionist right-wing economic history with a Nobel Prize winner in Economics sitting on his right. Somehow he thought all he'd ever have to deal with is Cokie. ...
Paul Krugman Schools George Will On The Great Depression
Politics on HuffingtonPost.com —
On ABC's This Week, conservative pundit George Will took up the case against Franklin Roosevelt's New Deal, arguing that it sent confusing signals to capitalists (who apparently might otherwise have pursued lucrative deals in the 1930s market place) and turned a depression into the Great Depression.
Thankfully, Nobel laureate Paul Krugman was around to remind Will of some history -- that the economy improved after the New Deal, and that it was FDR's attempt to balance the budget in 1937 (a move favored now by many conservatives) that then cut into that progress.
Watch: ...
Paul Krugman Schools George Will On The Great Depression
The Huffington Post | Full News Feed —
On ABC's This Week, conservative pundit George Will took up the case against Franklin Roosevelt's New Deal, arguing that it sent confusing signals to capitalists (who apparently might otherwise have pursued lucrative deals in the 1930s market place) and turned a depression into the Great Depression.
Thankfully, Nobel laureate Paul Krugman was around to remind Will of some history -- that the economy improved after the New Deal, and that it was FDR's attempt to balance the budget in 1937 (a move favored now by many conservatives) that then cut into that progress.
Watch: ...
New Deal Denialism--Conservative Liars On The Rampage
Open Left - Front Page —
As conservative economics collapses disastrously under the weight of its many, many lies, it is only natural that the liars fall-back position is to take aim at the hope of actually cleaning up their mess. And hence the sudden rise of New Deal denialism. It's not as if this comes out of nowhere. It comes out of the same sorts of folks who denied the New Deal as it was succeeding right before their very eyes. And it comes out of the right-wing think tank complex. And it gets spouted by George Will on ABC This Week. And it's a load of bull. Video of Will on the flip. Pride of place to this simple diagram ...
Open Thread for Night Owls, Early Birds & Expats
Daily Kos —
Paul Rosenberg at OpenLeft.com writes: New Deal Denialism - Conservative Liars On The Rampage As conservative economics collapses disastrously under the weight of its many, many lies, it is only natural that the liars fall-back position is to take aim at the hope of actually cleaning up their mess. ...
Reacting Versus Responding
The Mahablog —
A wise person pointed out to me once that there’s a difference between reacting and responding. As it says here, reacting is a reflex, like a knee-jerk. Reacting is nearly always triggered by emotions — attraction or aversion — and is about making oneself feel better. Responding, on the other hand, is a thought-out and dispassionate action that is primarily about solving a problem.
By now it’s clear that the Bushies are a tribe of reactors, not responders. Their well-established pattern is not to acknowledge a problem until it bites their own ass somehow, and then they react, sometimes over-react, ...
Fox News: "Historians Pretty Much Agree" That FDR Prolonged the Great Depression
Open Left - Front Page —
I appeared on Fox News to discuss both the Blagojevich flap and the imminent economic recovery package from the Obama administration. You can watch the clip here. As you'll see, on that latter issue, Fox News is starting its campaign to stop Obama's big spending plan by stating - as assumed fact - that "historians pretty much agree" that Franklin Roosevelt prolonged the Great Depression, and that therefore, Obama shouldn't try another New Deal.
When I say Fox News' assertion about historians is patently false, they literally laugh at me as if I've said something so clearly untrue, something Americans supposedly assume is so ...
David Sirota: Fox News: "Historians Pretty Much Agree" That FDR Prolonged the Great Depression
Politics on HuffingtonPost.com —
I appeared on Fox News yesterday to discuss both the Blagojevich flap and the imminent economic recovery package from the Obama administration. You can watch the clip here. As you'll see, on that latter issue, Fox News is starting its campaign to stop Obama's big spending plan by stating - as assumed fact - that "historians pretty much agree" that Franklin Roosevelt prolonged the Great Depression, and that therefore, Obama shouldn't try another New Deal.
When I say Fox News' assertion about historians is patently false, they literally laugh at me as if I've said something so clearly untrue, something Americans ...
Hale "Bonddad" Stewart: The Great Depression, Pt. II
Politics on HuffingtonPost.com —
In Part I of this series, New Deal Democrat and I looked at the years 1929 - 1933. These years saw a decline of 25% in the chained GDP figures; a failure of 20% of commercial banks, a drop in personal income from $90 billion to $50 billion and a drop in the level of industrial production from 60 to 30. The contraction was the most severe of the last 100 years. Let's take a look at years 1934 - 1940 to see how the economy performed.
''At the end of February, we were a con-geries of disorderly panicstricken mobs and factions. In the hundred days from March to June we became again an organized nation confident of our power to ...
McCain Claims FDR ‘Exacerbated The Great Depression,’ Calls For Counterproductive Balanced Budget Provisions
Think Progress —
Sen. John McCain (R-AZ), a top Senate critic of President Obama’s economic recovery plan, has been complaining that the package “has no provisions to put us on the path of a balanced budget.” McCain is pushing an alternative plan that he says would achieve this by enacting automatic spending cuts after the U.S. again experiences “positive economic growth.”
Appearing on Hugh Hewitt’s radio show last night, McCain repeated his complaint that Obama’s stimulus plan wasn’t “putting us on a path to a balanced budget.” Later in the interview, he also argued that ...
i tell you once more before i get off the floor
SteveAudio —
In the interest of encouraging writers here to do some "Quick Hits", here's my first of the day. Eamon Javers of Politico, on MSNBC today, repeating the Right-wing Zombie lie that Roosevelt didn't end the depression, that job loss in '37 was as bad as in '30. The MSNBC talking bouffant, of course, agreed. Idiots. Too stupid to live, too dumb to die. Krugman explains:
How Does Obama Plan To ‘Focus Extensively’ On Cutting The Deficit In 2010?
Wonk Room —
The Politico reported today that, in his 2010 State of the Union address, President Obama is going to announce a serious focus on deficit reduction:
President Barack Obama plans to announce in next year’s State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning. The president’s plan, which the officials said was under discussion before this month’s Democratic election setbacks, represents both a practical and a political ...
