At Fairness and Accuracy in Reporting, Jim Naureckaswrites NYT Lets Economic Pundit Disappear TPP’s Economist Critics
The New York Times (4/24/15) handed its readers an exploding cigar this weekend–in the form of an “Economic View” piece by Greg Mankiw headlined “Economists Actually Agree on This: The Wisdom of Free Trade.” In this piece, Mankiw–an economic adviser to George W. Bush and Mitt Romney who writes regularly for the Times–put forward an argument in favor of fast-tracking the TPP and TIPP trade pacts whose logic was so tortured it might shock Dick Cheney.
“The issue at hand,” wrote Mankiw, is whether Congress will give President Obama “fast track” authority to negotiate a trade deal with our trading partners in the Pacific…. Among economists, the issue is a no-brainer…. Economists are famous for disagreeing with one another…. But economists reach near unanimity on some topics, including international trade.
So all economists are for TPP because TPP is a “free trade” bill and all economists are for “free trade.” Simple, right? The only reason Congress wouldn’t pass fast track, Mankiw suggests, is if politicians listened to voters who were “worse than ignorant about the principles of good policy.”
You would never know, reading Mankiw’s piece, that many economists in factoppose TPP and fast track. Or that economists can and do reject the characterization of TPP and the like as “free trade” bills. Or that there is no consensus in the economics field that free trade necessarily benefits most people. [...]
Blast from the Past. At Daily Kos on this date in 2005—Buffett: Thumbs Down on Bush's SS Piratization:
Warren Buffet doesn't think much of Bush's SS scam. This quote below is from the Omaha World-Herald (registration required):
Warren Buffett, the 74-year-old chairman of Berkshire Hathaway, and his 81-year-old partner, Charlie Munger, launched an impassioned defense of Social Security at the company's annual meeting Saturday, with Munger terming Republican efforts to overhaul the program "twaddle."
While they did not directly discuss President Bush's proposal to allow Americans to divert some of their Social Security taxes to individual investment accounts, Buffett and Munger said the country faces far more pressing problems than the projected Social Security insolvency in 40 or 50 years. [...]
Munger, who called himself a "right-wing Republican," said, "Republicans are out of their cotton-picking minds to be taking on this issue now. "Munger cited nuclear tensions with North Korea and Iran as issues the administration should be working on instead of "wasting its good will over some twaddle." [...]
Tweet of the Day
in the 60s, cons used "law + order" to get into power, but WHAT IF we on the left decided that LAW AND JUSTICE could be a change catalyst?
On today's Kagro in the Morning show
, Capitol GunFAIL! Greg Dworkin
rounds up Bridgegate, Sanders, Republican demands for work requirements for Medicaid expansion, Rick Scott's continuing contortions, and Jeb's Charles Murray fandom. The invasion of TX is underway. Conservatives prepare their gay marriage freak-out. A near "perfect storm" of GunFAIL: school cop shoots himself with a derringer in his pocket while at Walmart. Armando
on VT's GMO labeling law & TPP, plus Dickerson's thoughts on Sanders. More on ShotSpotter; Samsung's TV that listens to you; the surveillance we "volunteer" for, and; how Motel 6 reportedly started faxing all its guests' names to the cops!
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