Your Abbreviated Pundit Round-up
by DemFromCT
Sun Mar 29, 2009 at 04:01:06 AM PST
Sunday punditry... is the tide turning?
The [Haitian] boy is one of 46 million people in the developing world — more than double the New York State population — who will be driven into poverty in 2009, according to a World Bank estimate.
Joe Nocera: An endorsement of Geithner's plan. Remember Geithner?
Is the plan perfect? Surely not. Is it guaranteed to do the trick? Of course not. But it is an effort to try something that seems to make a certain amount of intuitive sense, and could, in the best case, make our banks a little healthier and a little better able to extend credit.
It doesn’t represent the end of the crisis, not by a long shot. But it represents the beginning of something we should be applauding, not condemning: cold, hard reality.
Did they cancel Great Depression II? So soon?
That's one message investors might choose to take away from the sharp rebound in stock markets worldwide over the last three weeks.
Fred Barnes: Can they do it? Can the Senate GOP stop Obama?
Maureen Dowd: Blue-eyed, brown-eyed, whatever. Ultimately, it's about me. Isn't it always?
Tom Friedman: Okay, okay, I like telling people what to do. But this time, it's for real.
“There are five policies that can help us win the energy-climate battle, and each has been proven somewhere,” Harvey explained.
The real distinction between Obamanomics and Reaganomics involves government's role in achieving growth and broad-based prosperity. The animating idea of Reaganomics was that the economy grows best from the top down. Lower taxes on the wealthy prompts them to work harder and invest more. When they do so, everyone benefits. Neither Reagan nor the apostles of supply-side economics explicitly promised that such benefits would "trickle down" to everyone else but this was broadly understood to be the justification...
Obamanomics, by contrast, holds that an economy grows best from the bottom up.
Just as news breaks that political fundraising is down for both parties, Republicans have lost one of their more generous contributors.
Why? Stupidity over taxes in California.
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