Monthly Archives: August 2011

Some Things that Could Have Been Done in Housing

Ezra Klein wrote a post, What Could Obama Have Done?, with a Part II followup, arguing that you “can believe Obama has made pretty significant mistakes, as I do, but also find yourself pessimistic as to the difference a flawless performance by … Continue reading

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On the Point of Cramdown and What Obama Could Have Done

Ezra Klein wrote a post, What Could Obama Have Done?, with a Part II followup, arguing that you “can believe Obama has made pretty significant mistakes, as I do, but also find yourself pessimistic as to the difference a flawless … Continue reading

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On The Housing Market as a Driver of Stimulus

There was a New York Times editorial today calling for providing relief to the housing market through aggressive policy: Tens of millions of Americans are being crushed by the overhang of mortgage debt. And Congress and the White House have yet … Continue reading

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On Obama Administration Pressures of NY AG’s Office

Gretchen Morgenson’s must-read article, “Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal,” reveals how the Obama administration is putting pressure on attorneys general, especially New York’s Eric T. Schneiderman, who want to bypass an arranged settlement in exchange … Continue reading

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Craft Beer, a Neoliberal Economy and Private Market Rent-Wall Barriers

Matt Yglesias has a post about beer and neoliberalism (with a follow-up) which was responding to posts from Tom Philpott and Erik Loomis on craft brew deregulation.  Crooked Timber has a response. Matt writes that Carter-era deregulation has reduced the substantial mid-century market … Continue reading

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The Stimulus Package of Refinancing, the Link between Underwater and Unemployed Places and the Failures of HARP. Also with bonus “Texas Miracle” content.

Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas, drops the logic for his dissent:  “…Texas, like all states, is subject to the same monetary policy as all the rest: We have the same interest rates and access to … Continue reading

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Investigating the Link between Debt, Deleveraging and the “Texas Miracle”

A lot of people are interested in the “Texas Miracle” – or the performance of the Texas economy during the Great Recession.  Matthew Shapiro has an epic post about the data, Jared Bernstein has two very important Keynes Goes to … Continue reading

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Discussing Rick Perry and the Federal Reserve on Last Word

I was on Last Word guest-hosted by Chris Hayes yesterday (click through for video), talking about Rick Perry’s Federal Reserve comment, QE3 and the far-right’s approach to monetary policy. Some previous posts for those joining the blog that are related: the regional … Continue reading

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Submerging Unemployment Insurance in Savings Account as a Way of Making UI More Difficult, Cumbersome

Neoconservative governance is hard to carry out.  For a group of people who have very little faith in the ability of the government to do things, implementing the things that the broad (neo)conservative movement wants the government to do is quite difficult. … Continue reading

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Examining the Limitations of a Neoliberal Safety Net: Romney’s Unemployment Insurance Savings Accounts

During the Republican Presidential debate in Iowa, Mitt Romney argued for replacing our current unemployment insurance with a system of unemployment savings accounts.  Romney (transcript): “But I would far rather see a reform of our unemployment system, to allow people … Continue reading

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