The latest New Yorker has an interesting profile of Paul Krugman, and it contains this fascinating nugget:
Krugman and [wife Robin] Wells pulled out of the stock market ten years ago and never went back.
"It just takes a lot of work to think about it," Krugman says, "and at no point—except maybe early 2009, if I'd been really feeling daring, stocks really did look cheap—"
"We bought a couple of things," Wells says. "We bought muni bonds and some Ford Motor bonds. The thing is, if you look at it on a historical basis, even back in the two-thousands, stocks are not cheap."
Seemingly spent on all their absurd arguments about the substance of health-care reform (death panels! socialism!), Republicans have now moved on to making absurd arguments about the process of health-care reform, namely that circumventing the filibuster is like spitting on James Madison's grave (just to clarify, the filibuster is not in the Constitution). But when you listen to them talk, you quickly notice that they never make a real, substantive argument in favor of the filibuster. Indeed, the word "filibuster" doesn't pass their lips too often.
During the health-care summit, both Obama and Biden tried to make the point that both Republicans and Democrats agree that there should be some government regulation of health care; they're just disagreeing about exactly how much. As they observed, GOP members of Congress have signed on to certain kinds of regulation (the popular kinds), like ending recissions (where your insurance company kicks you off your policy when you get sick) and even outlawing denials for pre-existing conditions, which is a large change with serious implications.