November 4: You Can Leave Your Surplus Value On

Nov 4, 2011Tim Price

daily-digest-150 What you need to know to navigate today's most critical debates.

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Oligarchy, American Style (NYT)
Paul Krugman writes that despite rising inequality, many pundits continue to display a level of denial that would impress even the "see no evil, hear no evil, speak no evil" monkeys.

How Wall Street Occupied America (The Nation)
Bill Moyers argues that the last 40 years of American politics have been defined by the business community's backlash against attempts to restrict free enterprise, i.e., their ability to buy and sell politicians on an open market.

Greek Leader Drops Referendum Plan (WSJ)
EU leaders and banks are breathing a sigh of relief now that Greece's PM and his conservative opposition have reached a bipartisan agreement that the will of the people shouldn't get in the way of a good deal (or a bad one).

Obama's Flunking Economy: The Real Cause (NYRB)
Ezra Klein makes the case that the president's failure can't simply be pinned on bad advice -- it's the product of a Congress that's become a black hole from which no rational policy can escape and a Federal Reserve that he's allowed to go to seed.

Senate Fails to Advance Competing Infrastructure Plans (Bloomberg)
In a regularly scheduled demonstration of the Senate's uselessness, Republicans filibustered yet another part of President Obama's jobs package while Democrats rejected a GOP proposal to stimulate the economy with environmental devastation.

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Is Obama Toast? Handicapping the 2012 Election (NYT)
Nate Silver runs the numbers and determines that the president is going to need a whole lot of hope, a good deal of change, and a crazy opponent if he wants to avoid joining Jimmy Carter and George H.W. Bush in the one-termers club.

The Stark Generational Divide That Will Define 2012 (Time)
A new Pew study finds that millennials are politically disillusioned but still strongly supportive of Barack Obama, while seniors have swung to the right in response to a changing American society and all the Facebooking and gay marrying that entails.

Not Their Parent's American Dream: The State Of Young America (Policy Shop)
A Demos survey shows that over half of millennials believe that they'll be worse off than their parents were. It's probably not comforting to point out that they don't have to worry about the future because they're already worse off now.

Gender Gap on Wages Is Slow to Close (NYT)
Throughout the mancession and the he-covery and all sorts of other obnoxiously named economic upheaval, the one constant seems to be that women are getting stuck in low-wage jobs and earning less than men with the same qualifications.

Elizabeth Warren Heckled By Tea Party Supporter (HuffPo)
A right-wing critic at a Warren event called the Massachusetts Senate candidate a "socialist whore" and then ran away, denying her the chance to correct his deeply flawed understanding of socialism, prostitution, and pretty much everything else.

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