IT'S ALL ABOUT THE R'S IN '08. Bloggers and journalists focused on the Democratic presidential primary contest in '03 and '04 because there wasn't one on the Republicans side, and there still seems to be a bit of a hang-over from that reporting that leads people to pay more attention to possible '08 Democratic contenders than Republican ones. This really needs to end. The most common questions about the '08 contest in my experience involve Hillary Clinton: Will she run? Can she win? etc., etc. But the answer to such questions cannot be found by looking at Clinton's history or the political landscape alone. Clinton's electability will be entirely a function of who the Republican '08 candidate is, as will any Democrat's electability.
MORE ECCODITTO.GFR makes some good points below regarding EccoDitto, the company's founder, and John McCain. That said, I don't think my non-Mele friends at the firm would forgive me if I didn't draw attention to this post on the company's blog from Chief Operating Officer Harish Rao:
NICCO & MCCAIN. Alright, I have to weigh in on this. First of all, I should say that I consider Nicco Mele a friend. And now that it's been revealed publicly that Nicco has been talking to Sen. John McCain's campaign, it seems the whole Democratic Internet community is upset or at the very least saddened to see one of their favorites cross over to the other side. But if you look at Nicco's business, this move is not really as much of a shock as some people are making it out to be.
Okay folks, get your checkbooks out. The people who pledged a CEPR contribution for every Post article/column whining about entitlements owe us money. This one is from Bob Kerrey and Warren Rudman, the co-chairs of the Concord Coalition.
The NYT had a good story on the falling wage share of output and the growing concentration of wage income among high wage earners (e.g. doctors, lawyers, CEOs). While the basic story is accurate, there are a couple of points that should be treated with more care.
There has been a raging blog debate, following in the wake of some recent Paul Krugman columns, as to whether the rise in income inequality is due to policy or the natural workings of the economy. While Krugman indicated that he believed the policy view (promising details later), many of the economists weighing in have said that they don�t see any policy mechanism(s) that could explain the rise in inequality.
FLOP. FLOP. FLOP. A little over 20 years ago, I went fishing on a cold Wisconsin lake. I pulled in a fairly good-sized bass. It was a handsome critter, and it flopped around in the bottom of the boat. Flop. flop, flop. I had a Polaroid taken of me and the fish and then we threw it back into the lake. I remembered that moment while watching this remarkable hunk o� video. I can assure you that, as it was flopping around in the boat, believing itself on the way to the fishy afterlife, it was at every second more at ease and articulate than the Ivy-educated lady in the middle panel is in this clip.