Krugman: Reagan And His Advisers Were Prime Villains Behind The Financial Mess We’re In

“This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions. … All in all, I think we hit the jackpot.” So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain Depository Institutions Act.
He was, as it happened, wrong about [...]

Krugman: How Can There Be Bipartisanship When GOP ‘Take Their Marching Orders From Rush Limbaugh?’»

Today on MSNBC, the Morning Joe team — many of whom have been having a tough time with the facts of the economic recovery plan — hosted Nobel Prize-winning economist Paul Krugman to discuss the bill. Krugman began by emphasizing the severity of the current economic crisis. “This is not your father’s recession,” Krugman said. [...]

Bad Faith Economics: GOP Cheap Shots!

As the debate over President Obama’s economic stimulus plan gets under way, one thing is certain: many of the plan’s opponents aren’t arguing in good faith. Conservatives really, really don’t want to see a second New Deal, and they certainly don’t want to see government activism vindicated. So they are reaching for any stick they [...]

The election confirms country center left

Anyone who doubts that we’ve had a major political realignment should look at what’s happened to Congress. After the 2004 election, there were many declarations that we’d entered a long-term, perhaps permanent era of Republican dominance. Since then, Democrats have won back-to-back victories, picking up at least 12 Senate seats and more than 50 House [...]