Political Bloviation

Steve Benen points out the obvious: CONGRESSIONAL BUDGET OFFICE STEPS ALL OVER BOEHNER’S MESSAGE…. In his exceedingly silly speech on the economy today, House Minority Leader John Boehner (R-Ohio) proudly proclaimed, “All this ‘stimulus’ spending has gotten us nowhere.” And almost immediately thereafter, the CBO made Boehner look pretty foolish. The oft-criticized stimulus plan boosted [...]

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My personal favorite Nobel Prize winning economist has a take on why Canada came out of the recent banking disaster relatively unscathed, while the US economy and financial institutions took a major beat down. It all comes back to the regulatory environment. The US decided, or rather the captains of industry in banking and a [...]

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Ignorance is bliss – Paul Krugman Blog – NYTimes.com. I’m with Krugman, this is vile. Drug and medical device makers want to remove $1.1 billion from the stimulus bill that would be spent to compare medical treatments. I would think that if they had nothing to fear from the public knowing which treatments were best [...]

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Matthew Yglesias » Question to Ponder. Will the press let conservatives get away with simultaneously claiming that we can’t afford large new temporary deficit spending but can afford large new permanent tax cuts? Actually, there’s scarcely any need to ponder. Just prepare yourself to be upset. Yes, Matt the GOP most certainly will try to [...]

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Op-Ed Columnist – Wall Street’s Socialist Jet-Setters – NYTimes.com. Maureen Dowd unleases on John Thain (former Bank of America CEO) and the other financial sector executives who did their level best to destroy the economy through good old fashioned greed and avarice. The former masters of the universe don’t seem to fully comprehend that their [...]

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