Austerity. Fucking. Works. Los Tiempos de Nueva York: Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong. Statistics released Friday will buttress the German […]

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Elizabeth Warren, chair of a panel designed to oversee TARP fund allocation, on how responsible the Treasury Department has been: The point we make forcefully in this report is that there were no data about where this money was going, no information about where this money was going [. . .] Why is it again […]

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Helene Cooper of The New York Times: The signature achievement — a response to the 2008 financial crisis that fundamentally alters the relationship between Wall Street and the federal officials charged with regulating it — is a culmination of two years of fierce lobbying and intense debate over how to deal with the financial excesses […]

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We were told by Obama that if only we had more job training, people could get back to work.  Peter S. Goodman via The New York Times: It was February 2009, and the city work force center in Downtown Brooklyn was jammed with hundreds of people hungry for paychecks. His caseworker urged [Israel Valle] to […]

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I wonder how long until I can use this link?

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Dan Balz via The Washington Post: The co-chairs of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington. Isn’t it comforting that it only took a specialized […]

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I wonder when media outlets like the Times will exhibit of bit of intellectual honesty and journalistic integrity and stop calling our economic policy deregulated?

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Sara Murray via The Wall Street Journal concerning people on the dole turning down good job offers: Management Recruiters of Sacramento, Calif., says it recently had a tough time filling six engineering positions at an Oregon manufacturer paying $60,000 a year—and suspects long-term jobless benefits were part of the hitch. [. . .] Some candidates […]

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Just when I thought that Paul Krugman couldn’t be any more full of shit, he proves me wrong time and again.  From a recent Opinion column in The New York Times: Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is […]

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Great.  Not only are lawmakers “doing something” in an attempt to fix what was messed up the last time they did something, but they’re doing it tense, tired, and trying to make a joke of a serious matter.

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