Matthew Yglesias: The Problem With The Economy? Too Much Fiscal Conservatism


Yes, really. That’s what he’s arguing,
If fiscal stimulus is so great, then why hasn’t the Obama administration’s massive stimulus program helped improve the economy? Well, via Mark Thoma, the answer is that there hasn’t been any net fiscal stimulus, all the Obama administration’s efforts plus the automatic stabilizers have done is mitigate the contractionary impact of [...]

Journalists: your moral and intellectual superiors


It’s one thing for my aged, cataract’d mother-in-law to mistake Vice President Joe Biden for Gorbachev yesterday.
But here’s a UK broadcast demi-journalist, illustrating once again why “normal” people hate Big Media:
Sky New presenter Kay Burley was forced to make an on-air apology after mistaking a Roman Catholic symbol on American vice president Joe Biden’s forehead [...]

Obama Proposes Third Stimulus – WSJ.com


If at first fiscal stimulus doesn’t succeed, spend, spend again. That’s the motto President Obama embraced yesterday, even if he didn’t use the word “stimulus,” which has managed to set a political record in the speed with which it has become unpopular with voters. This time, the spending is being called “Proposals to Accelerate Job […]