Tax cut approach has already been tried and failed as stimulus
The conversation regarding the "philosophy" behind tax-cuts=economic stimulus, is quite interesting. I am not an economist, my understanding is based on the fact that I had few good Professors way back...
View ArticleFDL: Galbraith's response to the Geithner Plan
I didn't see anythng posted here on this, and it is imortant. Posted over at Firedoglake http://firedoglake.com/... Here's the last part of his statement: If I were a member of Congress, I would offer...
View ArticleThe Great Restructure
We are not facing a rerun of The Great Depression. What is coming will be both worse and not as bad in different ways. I have decided that a more appropriate term is The Great Restructure. Follow...
View ArticleObama’s ‘New Deal’ Moment ...
or ‘Katrina Moment?’ Let's hope it is his ‘New Deal’ moment wherein ...
View ArticleCALL FOR ACTION - Geithner's toxic assets plan
We all have been watching how Congress acts in a knee-jerk fashion in response to populist anger and lazy/indifferent otherwise . This when they should be acting proactively and showing leadership in...
View ArticleDo you, elected officials... (Update)
Take me for a damn fool? It appears that some of you and your Wall Street-oriented counselors view ‘main street’ Americans as damn fools.
View ArticleHad enough yet?
Evidently not. In 2008, some of us who voted for President Obama were voting for change; not just change in the non-financial areas of governance (e.g., environment, education, energy, etc.) but in...
View ArticlePaul Krugman is just fine...(Update re: Bernanke)
and I’m no hardcore fan of Professor Krugman. To begin, I do think he was over the top in his support for Ms. Hillary Clinton and opposition to Mr. Barack Obama during the Democratic Party’s 2008...
View ArticleThe Great Credit Bailout, ...
that began in the Bush Administration and is commonly referred to as the "bank bailout," continues under the oversight of the Obama Administration. This Great Credit Bailout begs many questions. A...
View ArticleThe Great Legacy ...
bequeathed the American people is the long-term economic and financial calamity that may now only be in its incipient stages. Our present, economic calamity is the Great Legacy a la the Great...
View ArticleThe Sum of It All ...
is the government’s stimulus package is too small to thwart a severe economic downturn. The cost of an effective economic recovery package may be greater than the average American taxpayer is willing...
View ArticleBanks:Pillagers of America's National Wealth (Update)
As the current American banks continue their theft of our national wealth, all the other needed and equally/more valuable national projects (e.g., healthcare for all Americans, renewal energy...
View ArticleSpaghetti Manacles
"What is objectionable, what is dangerous about extremists, is not that they are extreme, but that they are intolerant. The evil is not what they say about their cause, but what they say about their...
View Article"Stand by your man"; that is, Obama
I see and hear people caving every day now. Some diarist is ready to back another candidate in 2012. The downturn has generated such pain, hurt, and anger that many are ready to throw in the towel....
View ArticleEconomists: Throw Some Bankers in Jail or Markets Won't Heal
The Great Recession showed the world that the crimes that create the most victims are not committed by terrorists, gangbangers or drug traffickers, but by well-heeled crooks in Wall Street’s executive...
View ArticleSisters and Brothers in the Tea Party
There are many on the left who will write me off for suggesting such thing. It is that illiberal, knee jerk, side taking, among other things, that has diminished the stature of American liberalism....
View ArticleRIP Gatewood Galbraith, KY original
I knew Gatewood (perennial candidate for the governorship of KY) back when I was an undergraduate at the University of Kentucky. Whenever his name came up during the intervening years, not often but...
View ArticleKrugman on the Failure of Economics in a Crisis
Paul Krugman, although he himself has been consistently and remarkably right in his advice and observations nevertheless finally acknowledges the possibility that Economics may have failed as a valid...
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Very Serious People get it wrong again...
So, Kreuger, Romer, Goolsbee, and Tyson wrote a letter… and Paul Krugman piled on, and cast some seriously nasty aspersions on an economic analysis of Bernie Sanders' economic proposals. That...
View ArticleWonks and Bernie and Hillary: oh my!
If you’re reading this, you’re probably aware of the latest brouhaha between Democratic wonks. Here’s a quick recap:Gerald Friedman, a labor economist from UMass Amherst, published a white paper called...
View ArticleAnti-Capitalist Meetup: Timeless Galbraith on Wall Street's latest...
A few days ago, in a role reversal, I was being lectured to by a Luddite teenager for the hundredth time about how my parenting would improve if I stopped using my phone all the time. That caused me to...
View ArticleRebuilding the Economy Will Require Joe Biden to Think Very Differently Than...
James K. Galbraith weighs in. These are snippets. The article is worth reading in full.JOE BIDEN’S INVOCATION of Franklin Roosevelt’s New Deal, in the opening words of his convention acceptance speech,...
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UPDATED: Robert Reich on Morality - Public vs. Private... plus some Krugman
Robert Reich continues to keep timely messages coming. His latest looks at the issue of morality:America's real moral crisisNot private morality but public morality...For years, rightwing Republicans...
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