Yesterday, outgoing Chair of the White House Council of Economic Advisers Christina Romer delivered a speech at the National Press Club, something of a valedictory address before she departs Washington. It’s worth reading in full [PDF] but there are a few takeaways: This recession is unlike any other post-war decline; it is driven by dynamics […]
Tim Fernholz
Tim Fernholz is a former staff writer for the Prospect. His work has been published by Newsweek, The New Republic, The Nation, The Guardian, and The Daily Beast. He is also a Research Fellow at the New America Foundation.
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White People Things.
Matt Yglesias highlights the analytical core of a recent article by Reihan Salam: This year, in contrast, will likely be the first in which non-Hispanic whites will be a minority among newborns. In part, this reflects an average birthrate of 1.87 for non-Hispanic white women as opposed to 2.99 for Hispanic women, with African American […]
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Obama: Definitely an American.
My full reaction to President Obama’s speech last night can be found here — basically, in concluding the Iraq War and shifting to a focus on economic policy, the president is marking not only a transition for Americans but also for his national political career, which was sparked by his opposition to the war. One […]
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Returning to the War at Home
Last night’s speech may have felt like an inconclusive end to the war, but it marks a shift in Obama’s focus to economic policy.
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Suffering Crist: Previewing Meek’s Radio Hit.
Click here to listen That’s a radio ad that Democratic Senate candidate Rep. Kendrick Meek will start airing tomorrow in multiple media markets around Florida. The last line is definitely the big take-away his campaign wants people focused on as he vies to win the bulk of Democratic voters and as many independents as possible […]
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Rise of the Young Guns.
So the next generation of House Republican leadership has a new book (their actual preview video was too big to embed, but the video above is a close approximation). Republican Whip Eric Cantor, Chief Deputy Whip Kevin McCarthy, and Ranking Budget Committee Member Paul Ryan are the key Republicans who set the tone for the […]
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The Peter Principle
Republicans have found the perfect spokesman for a substance-free election.
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IMF Preps for Global Contagion.
The International Monetary Fund has announced a new lending facility designed to combat global financial crises. This should worry us because it suggests further international economic crises are on the horizon, and their new facility is probably not the best way to combat them. At least, though, the institution tasked with attacking these problems is […]
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Daily Trial Balloon, CEA Edition.
With Christina Romer departing her job as the chair of the President’s Council of Economic advisers, there’s been a steady burbling of potential replacements; among the top-mentioned candidates is Laura Tyson, who did the same job for Bill Clinton in the 1990s. Over the weekend, she had a piece in The New York Times laying […]
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If Bernanke Thinks Congress Should Act, He Ought to Say So.
Sewell’s Chan’s appreciation of Ben Bernanke is both my favorite and the most frustrating mainstream media depiction I’ve read so far. It’s my favorite because it gets at the total paralysis of our economic policy-makers, and it’s frustrating because I think it downplays Bernanke’s own confidence that the Fed can take steps to increase aggregate […]
