Fiscal Policy, Even “Avoiding the Cliff,” Looks Negative for 2013

By: Monday October 8, 2012 6:20 am

As I always point out, Goldman Sachs has an excellent research department, led by Jan Hatzius. Their economic forecasts are almost always on target; if there’s one thing Goldman understands, it’s money. They were the ones who found that federal fiscal policy turned negative in mid-2010. And they now have updated that forecast, incorporating the [...]

Brooks Op-Ed Shows Crack in Fiendish Corporatist Austerity Plan

By: Tuesday July 5, 2011 8:55 am

I mentioned it before, but David Brooks’ op-ed today is really fascinating. You get the feeling this is something he and his corporatist pals have said behind the scenes but are only just now developing in public, because they sense that something has gone horribly wrong. For years they developed this full-spectrum critique of government [...]

Liberals Chase Shiny LIHEAP Object, Ignore Other Assaults on the Working Poor

By: Tuesday February 15, 2011 12:38 pm

Liberals have not been totally silent about their concerns with the Obama 2012 budget, but the criticism has been muted at best. However, Democratic Senators did make their frustrations known last night. And several lawmakers criticized certain policies contained in the Obama budget plan, even at a press conference put on to highlight the Republican [...]

Tax Cut Deal Gives $139,000 to Every Millionaire in America

By: Thursday December 9, 2010 8:35 am

So, the White House did another whiteboard on the tax cut deal, contrasting their priorities with Republican priorities. And if you look at the deal on a pure cost basis, the President got more raw dollars in the deal. However, they get spread over an astronomically higher number of people, so on a per-person basis, [...]

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