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By Tim Price, originally published on Next New Deal

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Does Dodd-Frank really end 'too big to fail'? (WaPo)

Roosevelt Institute Fellow Mike Konczal examines the three biggest ongoing debates surrounding the financial reform law and whether it has really changed the system enough to keep it from blowing up in our faces or simply lengthened the fuse a bit.

Just Because the World Didn't End Doesn't Mean That Sequestration Isn't Scary (TNR)

Jonathan Cohn notes that the design of the law and agency management will ensure that the full extent of sequestration isn't felt all at once, but it's still the economic equivalent of that scene where the cowboy gets shot, walks five paces, and then falls over.

Sequester Real Talk: The 3 Dumbest Things About This Truly Dumb Law (The Atlantic)

Derek Thompson highlights three major issues with sequestration, like how it's an intentionally bad solution to a problem we don't have and how Responsible Centrists have decided it's all Obama's fault for not riding to the rescue on his golden pegasus.

Stop the Madness (Prospect)

Paul Waldman writes that Congress can't have a constructive budget negotiation until Republicans agree to lay down their weapons, including the sequester, shutdown threats and the debt ceiling. What are they supposed to do then? Just talk about stuff?

Recovery in U.S. Lifting Profits, Not Adding Jobs (NYT)

Nelson Schwartz reports that while corporate profits and stock prices are soaring, lifting the Dow Jones to near record highs, workers aren't seeing wage increases to match—especially with several million people eager to take their place at a moment's notice.

American Conservatism's Crisis of Ideas (Project Syndicate)

Brad DeLong warns that conservatives are going to have an uphill battle winning converts to their cause as long as they continue to push the message that the worst thing government can do is create an easier, more secure and comfortable life for them.

Mooching Off Medicaid (NYT)

Paul Krugman argues that Rick Scott gave away the game by accepting Obamacare's Medicaid expansion on the condition that it be run by private insurers, suggesting that the real debate isn't how much we should spend but whose palms we should grease.

This Week in Poverty: Gangnam-Style Counting With Senator Jeff Sessions (The Nation)

Greg Kaufmann analyzes a thought-provoking new report from conservative firebrand Jeff Sessions, which purports to show that poor people in America actually make more money than the middle class if you just add random numbers to the aid they receive.

Tim Price is Deputy Editor of Next New Deal. Follow him on Twitter @txprice.

Originally posted to Daily Kos Economics on Mon Mar 04, 2013 at 07:04 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  You know, I'm finding EDD for the first time. (4+ / 0-)
    Recommended by:
    Mary Mike, shaharazade, Just Bob, wasatch

    I had no idea this was a thing. I'm really, really happy that it is.

    Thanks for your work, Tim.

    My favorite article of the day is Suicide by Sequestration by John T Harvey.

    There's a reclist diary on that one.

    Also, I have a project for economically literate Kossacks. The Economics articles on wikipedia are crap. They are disjointed and full of jargon. They need work.

    I'm wondering if we can't all work together to fix some of these articles, and make them approachable by laymen. The prime example of crappy econ articles is the article on Economic Rent.

    It's an important concept. Think we can put our heads together and fix the language so that's it fits into Wikipedia's NPOV rules while also being minimally readable?

    An Fhirinn an aghaidh an t'Saoghail. (The truth against the world.) Is treasa tuath na tighearna. (The common people are mightier than the lords.)

    by OllieGarkey on Mon Mar 04, 2013 at 07:29:51 AM PST

  •  Thanks, much appreciated (3+ / 0-)
    Recommended by:
    wasatch, OllieGarkey, zooecium

    and helpful in a up side down political world with absolutely no direction home. I'm not economically literate as far as theory and science goes or even able to sort through the the mind fucks of political 'science' but I do know a bamboozle and a screw when it bites me be it political and/or economic.  Thanks again always follow your links and it helps to be able to see what's going down and connects the dots of the real 'common sense', that we all seem to have abdicated in favor of winning or some such nonsense. What ever happened to the common good or even the Great Writ that used to be a thread we the people could use as a means to insure the rule of law and the 'general welfare'?  

  •  Dodd-Frank ended bank bailouts - not TBTF. (0+ / 0-)

    It was never meant to end TBTF.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Mon Mar 04, 2013 at 07:21:28 PM PST

  •  The Republicans are introducing a bill (1+ / 0-)
    Recommended by:
    wasatch

    in the House to lessen the hit the economy will take from implementation of the sequester.  The bill replaces the automatic cuts to the national intelligence budget and military - in fact the bill adds another $2 billion to the DOD budget above the original amount requested in the president's budget proposal.  The bill will certainly pass the House and be sent on to the Senate.

    If the Senate Democrats vote against the House bill, the Republicans' 2014 candidates will feature ads and speeches accusing their Democratic opponents of threatening the security of the country.  If Harry Reid doesn't bring the bill to the senate floor he will shoulder the entire blame for "gutting the military."  I can't see a way out of this corner the Democrats are going to be forced into.

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Mon Mar 04, 2013 at 07:40:26 PM PST

    •  oh dear, that's dastardly (1+ / 0-)
      Recommended by:
      SueDe

      yep, talk about a lose-lose situation; the black hole of defense and intelligence that have more than enough funding but is political suicide to vote against. So someone in the House has some brains to float this one. Who knew? And to hell with all the other missing funding from the sequester, right?

      Makes my head hurt.

  •  Thanks so much for these summaries (1+ / 0-)
    Recommended by:
    zooecium

    This is one of the most valuable regular features on Kos.

  •  I've been saying this all along (0+ / 0-)

    I just don't know why people think Dems have the high ground on the sequester message?  All of the cuts have gone into law.  The GOP will now propose to bring the defense funding back, thereby securing the continuing favor of defense contractors (contributors).  If the Dems vote in favor, the discussion ends, and then we get half a trillion in permanent domestic spending cuts, which is a GOP wet dream.  If they vote no, then the GOP beats them over the heads with this in every congressional district in the country in 2014.

    Just like the Dems had the high ground on the tax cuts from day one (and despite that, somehow managed to permanently enshrine 88% of the tax cuts?), the GOP has always had the high ground on the sequester.  They (and the powers that be who pay for their campaigns) have decided that debt limit brinksmanship is bad for business, but they know the sequester is good policy and good politics for the Right.  

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