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02 Nov 09

Too Little of a Good Thing - Op-Ed Columnist Paul Krugman -NYTimes.com

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economy stimulus jobs unemployment nytimes krugman

10 Oct 09

The Uneducated American - Paul Krugman - NYTimes.com

The decline of American education ... and America.

www.nytimes.com/...09krugman.html - Preview

education budget cuts nytimes krugman

laid-off teachers are only part of the story. Even more important is the way that we’re shutting off opportunities.

21 Aug 09

Op-Ed Columnist - Obama’s Trust Problem - NYTimes.com

Why progressives are feeling betrayed by Obama.

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healthcare health insurance obama Krugman nytimes policy politics

It’s hard to avoid the sense that Mr. Obama has wasted months trying to appease people who can’t be appeased, and who take every concession as a sign that he can be rolled.
Indeed, no sooner were there reports that the administration might accept co-ops as an alternative to the public option than G.O.P. leaders announced that co-ops, too, were unacceptable.
So progressives are now in revolt. Mr. Obama took their trust for granted, and in the process lost it. And now he needs to win it back.
It seems as if there is nothing Republicans can do that will draw an administration rebuke: Senator Charles E. Grassley feeds the death panel smear, warning that reform will “pull the plug on grandma,” and two days later the White House declares that it’s still committed to working with him.
5 more annotations...
- I don’t know if administration officials realize just how much damage they’ve done themselves with their kid-gloves treatment of the financial industry, just how badly the spectacle of government supported institutions paying giant bonuses is playing.
- it’s possible to have universal coverage without a public option — several European nations do it — and some who want a public option might be willing to forgo it if they had confidence in the overall health care strategy. Unfortunately, the president’s behavior in office has undermined that confidence.
- the public option offered a way to reconcile differing views among Democrats.
- And let’s be clear: the supposed alternative, nonprofit co-ops, is a sham.
- One purpose of the public option is to save money. Experience with Medicare suggests that a government-run plan would have lower costs than private insurers; in addition, it would introduce more competition and keep premiums down.

23 Sep 08

Cash for Trash - Op-Ed - Paul Krugman - NYTimes.com

Are we about to be suckered again?

www.nytimes.com/...22krugman.html - Preview

nytimes.com Krugman financial system bailout Paulson

I’d urge Congress to pause for a minute, take a deep breath, and try to seriously rework the structure of the plan, making it a plan that addresses the real problem. Don’t let yourself be railroaded — if this plan goes through in anything like its current form, we’ll all be very sorry in the not-too-distant future.
But Mr. Paulson insists that he wants a “clean” plan. “Clean,” in this context, means a taxpayer-financed bailout with no strings attached — no quid pro quo on the part of those being bailed out. Why is that a good thing? Add to this the fact that Mr. Paulson is also demanding dictatorial authority, plus immunity from review “by any court of law or any administrative agency,” and this adds up to an unacceptable proposal.
3 more annotations...
- The logic of the crisis seems to call for an intervention, not at step 4, but at step 2: the financial system needs more capital. And if the government is going to provide capital to financial firms, it should get what people who provide capital are entitled to — a share in ownership, so that all the gains if the rescue plan works don’t go to the people who made the mess in the first place.
- Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq
- Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq