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By Tim Price, originally published on Next New Deal

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Obama's unapologetic inaugural address (WaPo)

E.J. Dionne writes that like FDR, President Obama used his inaugural address to make a positive case for the role of government and collective action in America, and it revealed him to be what his opponents most feared—not a secret Muslim Kenyan, but a liberal.

Obama Takes Aim at Paul Ryan in Inaugural Address (HuffPo)

Ryan Grim notes that the president's speech rejected the Randian view that programs like Social Security, Medicare, and Medicaid divide makers from takers. It was probably the second most awkward moment in Paul Ryan's life after the one pictured here.

The Equality Inaugural (TNR)

Timothy Noah writes that Obama's second inaugural was a promise that he'll do a better job of fighting back against lopsided growth and concentrated economic power during his second term, and thanks to a mix of new taxes he may at least get his gloves up.

Inequality Is Holding Back the Recovery (NYT)

Roosevelt Institute Chief Economist Joseph Stiglitz argues that without a comprehensive plan to address rising inequality, the economic recovery will remain stuck in a rut somewhere down in the fathomless gorge separating America's haves and have-nots.

The Big Deal (NYT)

Paul Krugman writes that Obama's three-pronged focus on reforming health care, tackling inequality, and re-regulating Wall Street can be seen as his answer to FDR's New Deal, though skeptical progressives worry this Big Deal comes with a lot of fine print.

In the next four years, we'll see if Wall Street can be reformed (WaPo)

Suzy Khimm notes that although Dodd-Frank has been on the books for two and half years, more than half of it still hasn't been implemented. Now comes the really tricky part, in which regulators must fill in all the "insert sensible rule here" sections of the law.

U.N. Agency Warns of Rising Unemployment (NYT)

In a serious byline/subject matter mismatch, David Jolly reports that the International Labor Organization expects the worldwide number of unemployed to top 202 million people this year, and advocates of austerity seem to be taking the over on that bet.

The 6 Most Illuminating Quotes from the Fed's Pre-Crisis Meetings (The Atlantic)

Matthew O'Brien highlights moments from the transcripts of the Fed's 2007 meetings that show the central bankers were mildly concerned but not yet at breathing-into-a-paper-bag levels of anxiety, except when it came to the rising price of their Fritos.

The Fed Drives Best at Higher Speeds (NYT)

Christina Romer argues that the Federal Reserve needs to get over its insecurities and commit more swiftly and decisively to aggressive monetary policy rather than trying to spot shark fins on the horizon every time it dips its toe in the water.

This Week in Poverty: An Anti-Poverty Contract for 2013? (The Nation)

Greg Kaufmann writes that the anti-poverty movement can make the biggest impact by coalescing around a simple, unified policy agenda, including a higher minimum wage and increased support for families. Progressives love unified agendas.

Originally posted to Daily Kos Economics on Tue Jan 22, 2013 at 07:18 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  inequality (1+ / 0-)
    Recommended by:

    Paul Krugman has a couple entries on his blog where he discusses and disagrees with the article in the diary, Joseph Stiglitz' column "Inequality Is Holding Back the Recovery."

    Krugman blog
    Joe Stiglitz has an Opinionator piece arguing that inequality is a big factor in our slow recovery. Joe is an insanely great economist, so everything he says should be taken seriously. And given my political views and general concerns about inequality, I’d like to agree.

    But — you knew there was a “but” coming — I’ve thought about these issues a lot, and haven’t been able to persuade myself that this particular morality tale is right.

    Krugman blog
    Responses to my response to Joe Stiglitz have varied. Some are outraged that I might suggest that inequality isn’t the source of all problems — there are even some suggestions that I am acting as an apologist for the plutocrats, which will come as news to the plutocrats. But there have also been some interesting points raised.
  •  Unapologetic? Ohhh don't get me started . . . (0+ / 0-)

    The Republican Party ran the biggest high stakes con job the world has even seen with trickle down, supply side, tax breaks for the rich, job creators, and deregulation and it hit a wall in 2008 with the worst economic meltdown in 80 years.  

    Where's the apology?

    There is none.  Instead, when they lost the election in '08 they immediately conspired to hinder the recovery and prolong its ill effects hoping to somehow gain a political advantage from this backasswards strategy.

    Where's the apology?

    Rather than take responsibility for what they've done by tilting the national income and wealth seesaw in favor of a privileged few, Republicans go to farther and farther extremes to keep draining wealth from the consumer classes so that a small number can benefit.  The damage they do to the economy and to the nation is of no consequence to them.  They've become nothing more than extortionists using coercion to force the implementation of their policies under the threat of irreparable harm caused by default.  

    Where's the apology?

    I could go on and on and on, but I'll stop for now.

    "Democracy is a life; and involves continual struggle." ---'Fighting Bob' LaFollette

    by leftreborn on Tue Jan 22, 2013 at 12:48:00 PM PST

  •  Glad to see this front-paged here (1+ / 0-)
    Recommended by:

    So many links, so little time - Gotta bone-up on Evelyn Wood's speed-reading course.

    The Aggressively Ignorant Caucus is getting aggressively ignorant again.

    by Anthony Page aka SecondComing on Tue Jan 22, 2013 at 01:30:04 PM PST

  •  Kitten Does Nothing but Think of Murder All Day (0+ / 0-)

    Our cats are both neutered and stay inside, not out of fear for safety of small wildlife but because of their own bone idleness.

    The man in the suit has just bought a new car with the profit he made from your dreams... (-7.00, -5.64)

    by markc9503 on Tue Jan 22, 2013 at 08:25:50 PM PST

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