Skip to main content

View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

Comment Preferences

  •  How the Times reports on Italy (6+ / 0-)
    Mr. Letta would replace the caretaker prime minister, Mario Monti, who came into office during intense market turmoil in November 2011. Mr. Monti’s yearlong technocratic government improved Italy’s credibility in Europe, but he failed to muster the political support to push through changes to help invigorate Italy’s economy.
    [emphasis added]
    To paraphrase, Monti was good because he tried to do everything the banksters and Teutonic Austerians asked of him. He was a failure because he wasn't able to slash wages, cut benefits, reduce the number of employed, and otherwise impose enuff of that magical economy-invigorating austerity juju on the Italian people to fully satisfy the Teutonic Austerians -- or the Austerians at The New York Times.
    •  Sorry, the Times link (1+ / 0-)
      Recommended by:
      Woody

      was what I had handy at the moment I wrote the comment, but I had heard a much more positive take on Letta's choice on NPR  that morning. It was discussed in the context of Europe starting to reject (finally) austerity, especially Italy and Spain, where the unemployment numbers, and especially the youth unemployment numbers, are horrifying.

      "The only thing we have to fear is fear itself."........ "The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." (yeah, same guy.)

      by sidnora on Sat Apr 27, 2013 at 08:07:20 AM PDT

      [ Parent ]

      •  No problem with Letta (1+ / 0-)
        Recommended by:
        sidnora

        Not yetta, anyway.

        I was struck by the casual bit of editorializing with the Times claiming Monti was trying for "changes to invigorate Italy's economy". No he wasn't really. He was just pushing for more and more Austerity.

        The economic-religious belief at the Times,  as here permeating every article, is that Austerity will invigorate an economy. As we now know, the main economic paper (the New Austerian Testament by Rogoff and Reinhardt?) supporting that cultish view was a fraud. Will the Times continue to state as fact that those favoring Austerian policies actually are trying for  "changes to invigorate [the] economy"?

        •  Guess they don't read (1+ / 0-)
          Recommended by:
          Woody

          their own columnists. At least not a certain one.

          The other thing about Letta that leaves me gobsmacked, though, is that Berlusconi was still the kingmaker. Gah!

          "The only thing we have to fear is fear itself."........ "The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." (yeah, same guy.)

          by sidnora on Sat Apr 27, 2013 at 10:07:00 AM PDT

          [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (152)
  • Community (59)
  • Baltimore (38)
  • Civil Rights (37)
  • Bernie Sanders (33)
  • Culture (29)
  • Elections (29)
  • Economy (28)
  • Law (25)
  • Texas (23)
  • 2016 (21)
  • Rescued (21)
  • Environment (20)
  • Labor (19)
  • Education (18)
  • Hillary Clinton (18)
  • Racism (17)
  • Politics (17)
  • Media (17)
  • Freddie Gray (17)
  • Click here for the mobile view of the site