Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Tim Price, originally published on Next New Deal

Click here to receive the Daily Digest via e-mail.

Overthinking Obama (Washington Monthly)

Roosevelt Institute Senior Fellow Mark Schmitt argues that while many authors try to construct a Grand Theory of Barack Obama, he's really a typical democratic reformer, except that he a) got elected and b) did so during the worst possible economic moment.

Chaos governing (WaPo)

Greg Sargent notes that Republicans are openly admitting that they refuse to negotiate on the budget until they can use the debt celing as leverage, but they've also proved they won't follow through on their threats. So their bargaining position is just "we win"?

Boehner Accidentally Explains Why His Deficit Position Is Phony (Bloomberg)

Josh Barro unpacks the Russian nesting doll of fallacies in John Boehner's warnings about government debt, including the idea that something that's happened for 55 of the last 60 years is unsustainable and that businesses don't take on debt as they grow.

Elizabeth Warren Q&A: Students "deserve the same break that big banks get" (Salon)

David Dayen talks to Elizabeth Warren about her plan to stop the Stafford loan interest rate hike and offer students the same discount rate that banks pay to borrow from the Fed, signaling that student debt is officially as much of a rolling disaster as Wall Street.

Working Poor Face Long Odds: 'You Have to Just Wait Your Turn, But That Turn May Never Come' (HuffPo)

Saki Knafo writes that working hard is no longer a ticket to success, as Roosevelt Institute Fellow Dorian Warren notes that traditional job ladders have disappeared in the new economy, if they'd even reach the top of the sinkhole many Americans are now in.

Stock Markets Rise, but Half of Americans Don't Benefit (NYT)

Catherine Rampell notes that although the stock market reached record nominal highs this week, only 52 percent of Americans actually have investments. The rest either can't afford to buy in or feel that their money would be safer elsewhere, like in the fireplace.

Labor wrestles with its future (WaPo)

Harold Meyerson writes that unions are getting creative about collaborating to support workers' interests and redefining who counts as a member when most workers can't join. Just leave the flower pot turned over and they'll know you need to file a grievance.

Underfunded and Under Five (Prospect)

Sharon Lerner examines how the recession has affected early education, causing states to cut half a billion dollars in funding for pre-K in the last year alone. Most of that comes from teachers, who are now just doing it for the joy of cleaning up finger paints.

Tim Price is Editor of Next New Deal. Follow him on Twitter @txprice.

Originally posted to Daily Kos Economics on Thu May 09, 2013 at 07:25 AM PDT.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site