Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to receive the Daily Digest via email.

Worst. President. Ever. (All In With Chris Hayes)

In honor of Presidents' Day, Chris Hayes invites Roosevelt Institute Fellow Dorian Warren to discuss his pick for the worst: Herbert Hoover, Franklin D. Roosevelt's predecessor during the Great Depression.

The Silicon Valley Labor Scandals Prove Minimum Wage Hikes Don't Cost Jobs (TNR)

Roosevelt Institute Fellow Mike Konczal uses the coordinated efforts of Silicon Valley giants to control labor markets to demonstrate why raising the minimum wage will reduce job vacancies, not jobs.

Barons of Broadband (NYT)

Paul Krugman argues against the Comcast-Time Warner Cable merger, using Roosevelt Institute Fellow Susan Crawford's work to point out how the telecommunications industry already stifles innovation.

How Big Banks Are Cashing In On Food Stamps (TAP)

Electronic benefits transfer cards may be easier for the government, writes Virginia Eubanks, but they allow banks to make profits from the country's most unfortunate with fees galore.

The Stimulus Act was a Success — and We Need Another (WaPo)

George Zornick points out that the stimulus did its job—providing the economy with a temporary bump—just fine. Republicans who denounce it are ignoring the bill's intended purpose.

After Rejecting UAW, VW Workers May Still Get Works Council (Reuters)

Bernie Woodall and Amanda Becker report that Volkswagen is looking into whether a works council, elected workers who help set workplace rules, could be permitted at its Chattanooga plant under U.S. labor law, in lieu of a union.

New on Next New Deal

AOL's CEO Proves Women and Children Make Easy Scapegoats in the Workplace

Tim Armstrong's comments about "distressed babies" show that some companies still treat maternity care as an extravagance, even during times of profit, says Roosevelt Institute Fellow Andrea Flynn.

Originally posted to Daily Kos Economics on Tue Feb 18, 2014 at 07:52 AM PST.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Most of the people who oppose raising the minimum (0+ / 0-)

    wage know it won't cost jobs, that's not their point.  Their point is keeping jobs low paid and scarce.  Hungary, desperate people are very compliant--and less for low wage beggars is more for them, as they see it.  I don't understand why minimum wage raise advocates don't get the game:  the people opposing raising the minimum wage have an opposing agenda, not an opposing understanding.

    If you don't have a seat at the table, you're probably on the menu.

    by CarolinNJ on Tue Feb 18, 2014 at 08:42:54 PM PST

  •  Hoover was adrift during the Depression, (0+ / 0-)

    but I really can't see him as the worst president.  His ideology was unsuited to the times, but he wasn't really unusual in that regard; his basic policy outlook wasn't that different from how the big depressions in the 19th century had been handled.

    On the bottom rung of presidents, I have a hard time assessing Bush vs. Buchanan because the latter's presidency was undeniably much worse for the country, but at the same time the problems in Buchanan's presidency were not intrinsically of his own making -- he handled the crises poorly, and in a number of respects exacerbated them, but most of it would probably have happened anyway.  By contrast, the vast majority of the problems with Bush's presidency are specifically created by his policies.

    •  Hoover gets the blame for Coolidge's errors (0+ / 0-)

      "Adrift" is a good word.  But it's hard to see putting Hoover at the bottom of the list.

      I agree that the ultimate battle for the bottom should be between the two mentioned by colonelgreen.  But before you get to Hoover, you also have to climb over the rotting carcasses of Harding, Pierce, A. Johnson, B. Harrison, Fillmore, and Coolidge.  At least.

  •  AOL asshole in charge (0+ / 0-)

    If that CEO wants to bitch about expensive maternity/neonatal care, then AOL's health plan had better cover contraceptives.  Likewise, if a company opposes paying for contraceptives, they'd better have the best maternity plan their insurer offers.  No corporations get to skip both.

  •  "Minimum Wage Hikes Don't Cost Jobs" ??? (0+ / 0-)

    This morning,2/19/2014, TV news was touting that " non partisan "CBO said hiking minimum wage would cost jobs. As best I recall it was some 600,000
    that was mentioned.

    How accurate has CBO been in the past?

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site