Carrots of Unusual Size and Shape
Winston Churchill Liveblogs World War II: May 13, 1940

links for 2010-05-12

  • RG: "By failing to embrace the immigrant, those Republicans are making themselves largely irrelevant in a new era.... The hard work of my parents, along with God’s providence, plus some luck here and there, fulfilled our American dreams, and ensured that we wanted not. I went to Princeton University for my undergraduate education, followed by Stanford Law School. My brother attended Washington University in St. Louis both for undergrad and medical school, his medical school financed with a full ride scholarship. My sister recently graduated from Stanford undergrad, and my other sister is in the midst of her own Princeton education. Six Mexicans thrust into Tucson, Arizona, having little money and knowing little English, somehow made it.... The Rush Limbaughs and Chris Simcoxs of the world embarrass the party, and it pains me even more to think that the party of Lincoln, Goldwater, and Reagan, is dragged down in anti-immigrant rancor."
  • RA: "Degree is important here. America's trend growth rate is higher than Greece's. Its political system is less dysfunctional. Its economy is overwhelmingly on the books and taxed. Its labour markets are more flexible, its public sector is smaller, and its unions are less powerful. It's currency floats, and its monetary policy is its own. The bottom line is that it's not clear that there is any set of policies Greece can adopt which will prevent default.... There are many different ways that America could close its budget gap; it's merely having an intense political debate over which way is the best way. This could potentially be a problem, but it's a different problem from the one in Greece. The Greeks have a massive current primary deficit that markets no longer want to fund. The Americans have a political debate over how to rein in the growth of health costs over the next three decades. Ultimately, casting the American fiscal situation in a Greek light obscures..."
  • RA: "I think that one is left focusing on the distribution of unemployment, which has hit hardest among geographically dispersed and anonymous fields like construction and business services. The manufacturing devastation in the early 1980s was geographically focused and concentrated on industries with a loud voice in Washington. That's not the most satisfactory explanation, but it's the best I can do for now."
  • MY: "As I noted in my previous post on this controversy, I find it a bit curious that strident defenders of Israeli foreign policy [like Jonathan Goldberg and Jon Chait] take a harder line on Richard Goldstone’s apartheid-era conduct than does Nelson Mandela and the leadership of the African National Congress. It’s almost enough to make you think that some of these attacks on Goldstone are offered in bad faith, and are more motivated by dislike for his conclusions about Israeli conduct during the Gaza war than genuine concern about his past conduct. Sasha Polakow-Suransky has more on this..."
  • MY: "I read the WSJ sometimes. But it’s going to be a cold day in hell before I voluntarily surrender money to firm controlled by Rupert Murdoch when there are alternatives. So here’s a word of advice on how to read WSJ articles you see linked to on blogs without paying. What you need to do is click the link, then your browser will go to an article stub featuring a headline. Then copy the headline and paste it into Google. The article should pop up as your top search result, and if you click that link you’ll see the story free and clear."
  • MY: "If you had asked me in 2006 about the political reaction to 10 percent unemployment I would have said “total freak out!” Heck, as late as 2009 I would have said “total freak out.” After all, the Obama administration was projecting 10 percent unemployment as a nightmare scenario.... Well now here we are at 10 percent unemployment and there’s an eerie calm.... Brad DeLong.... "A decade of widening wealth inequality that has created a chattering class of reporters, pundits, and lobbyists who have no connection with mainstream America? The collapse of the union movement and thus of the political voice of America’s sellers of labor power? I don’t know what the cause is."... Two additional considerations... the recession itself has been incredibly unequal.... It’s... the out-of-power party’s job to complain about poor economic performance, but the GOP is ideologically committed to the view that less stimulus and tighter money are preferable..."

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