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Opinion: The Left's Unhealthy Koch Habit
By not in system - AOL NewsWhat do Charles and David Koch, brothers who run the Kansas-based Koch Industries, have to do with Wisconsin's budget battle? Almost nothing, unless you occupy the left wing of the political spectrum. There, you'll find a group of bloggers and commentators who are fixated on pinning the unrest in Wisconsin, and plenty of other supposedly terrible things happening in the country, on these two businessmen. Getty Images Charles, left, and David Koch of Koch Industries have become dragooned into the Wisconsin budget battle. On the surface, the Koch brothers would seem unlikely ...
Government Shutdown 2011: What Are the Odds?
By David Knowles - AOL NewsPlace your bets. With the deadline for a shutdown of the federal government looming, several observers are weighing in on the likelihood of what could prove a costly impasse between congressional Republicans and Democrats. Surge Desk has detailed five immediate consequences of a government shutdown, and also asked you for your opinion on whether Washington will come to a grinding halt on March 4. Now we're sampling the pulse of lawmakers, economists and even the oddsmakers as to just how likely the shutdown is. Here's what we've found. No strangers to the battle between the nation's ...
Why Dana Milbank Is Right (and Paul Krugman Is Wrong)
By Matt Lewis - Politics DailyI don't usually bother looking at Paul Krugman's columns at the New York Times, but a recent post of his -- attacking the Washington Post's Dana Milbank -- deserves a closer look. Krugman, it seems, is livid at Milbank's assertion that during the health care debate, President Obama "acceded too easily to the wishes of Hill Democrats, allowing them to slow the legislation and engage in a protracted debate on the public option." (Milbank, of course, is just a conservative hack out to make liberals look bad. In fact, he's so conservative that he spent the last year of his life writing a book ...
The Real Lesson of the Midterms? It's the Economy (Again), Stupid
By Paul Wachter - AOL NewsANALYSIS (Nov. 4) -- "It's the economy, stupid." The phrase, popularized by James Carville, helped propel Bill Clinton to the White House, defeating George H.W. Bush in 1992. Above all else -- and Bush presided over the end of the Cold War and a painless Persian Gulf War -- the economy is the barometer for the country's political tides. That was evident again Tuesday with the Republican landslide, which saw the GOP retake the House, pick up seats in the Senate and perform even more impressively in various state government contests. All the other factors -- the rise of the tea party, health ...
Fox's Chris Wallace Tries to Pin Down GOP Candidates on Fiscal Restraint
By Paul Wachter - AOL News(Oct. 18) -- Among the many critiques of President Barack Obama these days is the tried-and-true conservative attack of Democrats' taxing and spending. Republican candidates deride the stimulus and say they're concerned about the deficit. But ask them where exactly they would cut spending, and watch as they talk themselves in circles. It's gotten so bad that even fiscal conservatives such as "Fox News Sunday" host Chris Wallace and The Atlantic's blogmeister Andrew Sullivan are pressing Republicans for specifics on fiscal restraint. On Fox News Sunday, Wallace challenged Carly Fiorina, the ...
Why Hasn't the Economy Recovered Yet?
By Paul Wachter - AOL News(Sept. 13) -- In the current issue of the New York Review of Books, there's a good primer on the roots of the 2008 economic crises and explanations for its lingering impact by Robin Wells and Paul Krugman. While the United States and Europe have, for now, avoided a Great Depression-like crash and GDP is rising again, other indicators are not as reassuring. The writers point out: Yet unemployment has hardly fallen in either the United States or Europe -- which means that the plight of the unemployed, especially in America with its minimal safety net, has grown steadily worse as benefits run ...
Bond Vigilantes on the Way?
By not in system - AOL News(Aug. 25) -- Should we be worried about "bond vigilantes"? What does the scary term even mean? Back in May 2009, The Wall Street Journal issued an editorial explaining "bond vigilantes" and why they should be feared. Bond vigilantes are those investors who "demanded higher Treasury bond yields from the late 1970s through the 1990s whenever inflation fears popped up." In other words, they are investors concerned about the deficit. When the market fears the U.S. deficit is getting too large, U.S. bond prices rise, reflecting the sense of risk. Bond vigilantes "vanished earlier this decade amid ...
Opinion: The GOP's No-Growth Agenda
By Michael Cohen - AOL News(Aug. 10) -- Few Americans have probably ever heard of MIT economist Peter Diamond. But Diamond and his recent fate should be of concern to all of us, particularly those caught in the vortex of the Great Recession. Diamond is one of President Barack Obama's three nominees to the Federal Reserve Board, which dictates the country's monetary policy. Yet in a senatorial sleight of hand, his nomination has been sent back to the White House and delayed. The presumed culprit is Alabama Republican Richard Shelby, who expressed concern that Diamond would be "learning on the job." This is, to put it ...
On Economy, Europe From Mars, US From Venus
By Theunis Bates - AOL NewsLONDON (June 24) -- As the leaders of 20 of the world's biggest economies gather in Toronto this weekend, they'll fondly recall the consensus they achieved in September in Pittsburgh, where they unanimously agreed to pump more government money into the global economy to stop the recession from escalating into another Great Depression. But will there be a similar display of fiscal unity at this G-20 summit? Don't hold your breath. Because while the Obama administration wants governments to keep spending on stimulus measures to bolster a fragile global recovery, Europe has opted for a new age ...
Gen. McChrystal Isn't Alone: 31 Other People Summoned by Obama
By David Knowles - Politics DailyGen. Stanley McChrystal is headed to the to the presidential woodshed -- a place that has seen its fair share of use in the first year and a half of Barack Obama's administration. In fact, the words "summoned to the White House" have been used frequently during Obama's tenure, whether in an attempt to woo political opponents, scold corporate executives, lavish praise on allies, or simply to hear another point of view. Here's a list of who's been called for a private audience, and what they've been summoned for: I. Summoned to the Woodshed Gen. Stanley McCrystal: Following the release of ...
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