Daily Digest - June 4: Tossing the Drowning Man an Anchor

Jun 4, 2012Tim Price

What you need to know to navigate today's most critical debates.

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This Republican Economy (NYT)

Paul Krugman argues there's no need to wonder about the effects of GOP economic policy -- we have the last four years for reference. And though they warn about becoming Greece, he thinks we're turning Japanese. (He really thinks so.)

The Jobs Disaster (Slate)

Matthew Yglesias writes that the 69,000 jobs added last month look even worse with past reports revised downward, and it suggests policymakers need to do the right thing instead of hoping for extra credit for remaining consistenly wrong.

In Economic Deluge, a World That Can't Bail Together (NYT)

Floyd Norris notes that four years ago, world leaders managed to unite to prevent the economy from sinking, but faced with similar crises today, many have decided they'd rather drown themselves on principle than let others share their raft.

Cynics United: When Did Conservatives Change Their Mind About Campaign Finance Disclosure? (TNR)

Roosevelt Institute Senior Fellow Mark Schmitt argues GOP opposition to disclosure, which used to be their alternative to regulations, isn't really inconsistent. On campaign finance reform, they've always been strongly pro-changing the subject.

Can this campaign be constructive? (WaPo)

E.J. Dionne writes that hoping this year's presidential campaign will produce a constructive debate is a pipe dream when the participants not only refuse to listen to each other's answers but also don't agree on what the questions are.

Profit-Driven Surveillance and the Spectrum of Freedom (Naked Capitalism)

Roosevelt Institute Fellow Matt Stoller notes that while corporations oppose increased oversight of their own activities, new electronic monitoring technology means they're going to be very much in the business of being all up in your business.

The Mortgage Fraud Fraud (NYT)

Joe Nocera argues that instead of pouring millions into prosecuting John Edwards, the Justice Department could try going after the architects of the mortgage crisis. Maybe they need the National Enquirer to produce some evidence for them.

A Gun to the Debt-Ceiling Fight (TAP)

Garrett Epps points out that if the Republicans want to instigate another debt ceiling showdown, President Obama still has a constitutional escape hatch as long as he doesn't decide to hold another press conference assuring them he doesn't.

How corporate socialism destroys (Reuters)

David Cay Johnston writes that subsidies for failing retail businesses and hotels are the kind of corporate welfare that shows that while the government isn't willing to spend money on useful things, it's more than happy to waste it on millionaires.

Will Janitors Strike in Houston? (The Nation)

Greg Kaufmann reports that thousands of janitors in Houston plan to go on strike because they're tired of cleaning up the messes of giant companies like JPMorgan and Exxon for so little reward. Everyone else in the country can sympathize.

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