Tim Price

Deputy Editor

Recent Posts by Tim Price

  • August 4

    Aug 4, 2010Tim Price

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

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

    The Obama Agenda and the Enthusiasm Gap (WSJ)
    Compromise has its costs. Robert Reich argues that the president has done just enough to infuriate his enemies and too little to inspire his allies.

    James K. Galbraith Champions the Beast Manifesto (Daily Beast)
    ND20 contributor James K. Galbraith explains why the answer to America's economic problems is not cutting entitlement programs but expanding them so that more young people can find work.

    Hey, Small Spender (NYTimes)
    Paul Krugman notes that the supposedly massive government spending increase is really just a spike in payments for programs like unemployment insurance -- which wouldn't be necessary if we'd spent enough to put people back to work.

    Fannie and Freddie's Foreclosure Barons (MoJo)
    Crooked lawyers, GSEs, and bailed-out banks are conspiring to force people out of their homes with as little notice as possible and make a tidy profit for themselves.

    More Workers Face Pay Cuts, Not Furloughs (NYTimes)
    With budgets tightening and demand stagnant, a growing number of employers, especially in the public sector, are asking workers to accept lower wages.

    Jobs in the cards? (WaPo)
    Harold Meyerson writes that if Democrats want to align themselves with small businesses, nominating Elizabeth Warren to head the CFPB is a no-brainer.

    Bair Said to Rule Out Leading Consumer Agency After Dodd's Push (BusinessWeek)
    FDIC Chairman Sheila Bair won't be moving to the CFPB. Then there were two...

    A pain in the pocketbook (WaPo)
    Katrina vanden Heuvel argues that we need to move beyond stale arguments over the welfare state and start renewing and reinventing the American economy and the middle class.

    Will the Debt Commission Listen to Young Americans Who Didn't Go to Phillips Academy? (Think Progress)
    The Concerned Youth of America is giving a voice to those who have been hit hardest by the economic downturn: entitled prep school deficit hawks.

    Republican Jobs Plan: Bigger Tax Cuts for the Rich (HuffPo)
    The fiscal conservatives in the GOP have unveiled a new jobs bill that won't actually create any jobs, but will give huge tax breaks to the wealthy and triple the deficit by 2015. Doesn't it feel like they're just pranking us sometimes?

    Go Find Me the Peak of the Laffer Curve (Capital Gains and Games)
    Andrew Samwick notes that Laffer Curve fans have no idea what the top marginal tax rate should be, yet they're always convinced the current rate is too high.

    Will The GOP Senators Whose States Face Thousands Of Teacher Layoffs Vote Against Teacher Funding? (Think Progress)
    Surprise: The answer is yes.

    Political Ads Off Limits, Goldman Promises (NYTimes)
    Despite being given carte blanche by the Supreme Court's Citizens United ruling, at least one corporation has decided to exercise some self-restraint when it comes to political advertising.

    Arizona Immigration Law Killing Tourism, Costing State Millions (HuffPo)
    Arizona's official state song will now be played on the world's smallest violin.

    Why the Choice Between Green and Growth is False (Change.org)
    Phaedra Ellis-Lamkins argues that, contrary to what oil companies would have us believe, investing in green energy will help to stabilize the economy and create millions of new jobs.

    Congress and the Spill (NYTimes)
    New legislation would tighten regulations on offshore drilling and put additional safeguards in place to prevent another disaster like the BP spill. Naturally, Senate Republicans have blocked consideration of the bill until after the upcoming recess.

    The Art of the Apology Ad (TNR)
    From BP to Domino's, Adam Sternbergh reviews the latest corporate attempts to say, "Sure, we screwed up, but doesn't our CEO look sad about it?"

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  • August 3

    Aug 3, 2010Tim Price

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

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

    What Would Roosevelt Do? (NYTimes)
    FDR had the unconventional notion that the best way to deal with protracted unemployment was to put people to work.

    The Great Stagnation continues (WaPo)
    Ezra Klein warns that simply aspiring to the unemployment rate of early 2007 isn't good enough unless we want to recreate the same faltering economy we had then.

    Geithner tells bankers not to fear new financial regulations (WaPo)
    The Treasury Secretary visited New York yesterday in an attempt to generate some good will on Wall Street and urge banks to embrace reform.

    Why We Really Shouldn't Keep the Bush Tax Cut for the Wealthy (HuffPo)
    Robert Reich argues that the debate should not be about restoring Clinton-era marginal tax rates, but about raising the top rate even higher and giving the middle class a permanent break.

    Tax Cuts Leave Nothing Behind -- Infrastructure Investments Leave Behind Infrastructure (Our Future)
    To put it another way, investing in infrastructure creates jobs for many and a better country for everyone. Cutting taxes allows CEOs to buy new yachts.

    The Democrats' Big Tax Problem (TNR)
    Americans support raising taxes on the rich in theory, but they can't shake the feeling that the government is wasting all their money.

    Pick Elizabeth Warren (Newsweek)
    Jonathan Alter notes that Senate Republicans will try to obstruct Obama's nominee no matter who he picks. Why not give them a tough fight?

    Barr, Blair Tapped As Anti-Warren Forces Make Their Move (FDL)
    Potential CFPB heads Michael Barr and Sheila Bair are both highly competent and qualified, but their main appeal for some is that they aren't named Elizabeth Warren.

    How the poor subsidise the rich (The Economist)
    The poor are paying regressive overdraft fees so that everyone else can enjoy free checking.

    The truth about global warming (WaPo)
    While conspiracy theorists look for any excuse to discredit scientific research, the real story is that the planet is heating up and we're not doing anything to stop it.

    For energy reform advocates, lessons from health care (HuffPo)
    Like Bill Clinton's unsuccessful push for health care reform, the debate over climate change legislation lost focus and caused the public to tune out.

    High prices will fix what politicians cannot (FT)
    We're going to be forced to invest in clean energy sooner or later as developing economies continue to drive up oil prices.

    Addressing America's Growing Education Deficit (HuffPo)
    If America wants to lead the world in education again, it will have to reinvent the system from preschool to college and make learning affordable for everyone.

    The Game Change (The Nation)
    Reforming the immigration system is the right thing to do, but it could also revolutionize American politics and give progressives the wedge they need to fracture the conservative coalition.

    McConnell Makes His Choice (TPM)
    The Senate Minority Leader, whose title becomes more ironic by the day, has come out in favor of congressional hearings to consider radically reinterpreting the 14th Amendment and ending birthright citizenship.

    The Empty Chamber (New Yorker)
    Republican exploitation of arcane procedural rules has turned the Senate into the place where legislation goes to die.

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  • August 2

    Aug 2, 2010Tim Price

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

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

    What They're Not Telling You (NYTimes)
    Republicans created the fiscal mess we're in, and it's going to take robust economic growth, prudent cutbacks, and higher taxes to get us out.

    The Appeal of Austerity is Fading -- Where is Obama? (HuffPo)
    Robert Kuttner notes that moderates are increasingly skeptical of conservative demands for more tax cuts and less government spending, but President Obama has not stepped up with a Roosevelt-style employment program.

    To deal with the deficit, let the tax cuts expire (WaPo)
    Fareed Zakaria argues that the Bush tax cuts were unaffordable from the start and that renewing them is out of the question if we're serious about deficit reduction.

    Deflation, Not Deficit, Is the Real Threat (The Nation)
    If the Fed doesn't do enough to combat deflation, we could be headed toward the next Great Depression.

    Defining Prosperity Down (NYTimes)
    Paul Krugman worries that the biggest problem facing America's unemployed is that politicians and Fed officials have decided there is nothing they can do to help.

    The crisis of middle-class America (FT)
    Over the last few decades, the rising tide that lifts all boats has become a stagnant sea, and most of the boats have sprung a leak.

    Are the American people obsolete? (Salon)
    Michael Lind suggests that if America's ultra-rich no longer have any use for the rest of us, we might be better off somewhere else.

    A Richter Scale for Markets (NYTimes)
    The emerging field of econophysics seeks to capture the raw, messy detail of market earthquakes and their aftershocks that rigid theoretical models sometimes miss.

    How the US learned to love healthcare reform (Guardian)
    Medicare enjoyed its 45th anniversary last Friday, and polling suggests that the Affordable Care Act may have the same longevity now that the furor has faded.

    Paul Ryan's Medicare Plan (Think Progress)
    Matt Yglesias points out that the much-touted Medicare savings in Rep. Paul Ryan's budget roadmap would come from not paying the cost of medical care.

    Elizabeth Warren, touted to lead new consumer protection agency, has powerful enemies (LA Times)
    Wall Street insiders are warning that Elizabeth Warren thinks she's smarter than consumers, but they're really worried that she's smarter than they are.

    Obama should give Warren a recess appointment (Boston Globe)
    With Congress about to head home until September, President Obama has an opportunity to take a stand against Republican obstructionism and give Elizabeth Warren a chance to hit the ground running at the new agency.

    The New Credit-Card Tricks (WSJ)
    After the reforms of 2009, credit companies have begun to pile on new fees to recoup their losses.

    The auto industry lives. Can we admit that government intervention worked? (WaPo)
    E.J. Dionne praises President Obama (and his predecessor) for having the courage to buck public opinion and do what was necessary to prevent the collapse of the American auto industry.

    The filibuster is giving enviros unwarranted self-esteem issues (Grist)
    When you have a majority of the public and both chambers of Congress on your side, why let a procedural stumbling block discourage you?

    Quote of the Day (Washington Monthly)
    Would-be Speaker of the House John Boehner assured Fox News Sunday viewers that the GOP's economic policies will not be influenced by economists or numbers.

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  • July 30

    Jul 30, 2010Tim Price

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

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

    Curbing Your Enthusiasm (NYTimes)
    Paul Krugman argues that progressives have good reason to be disappointed with President Obama so far. Will he snub us again with Elizabeth Warren?

    What's so scary about Elizabeth Warren? (CNNMoney)
    Warren may look harmless on the outside, but she's still the stuff of Wall Street's nightmares.

    4 Bogus Attacks Bankers and Their Political Puppets Are Using to Attack Elizabeth Warren (AlterNet)
    Zach Carter debunks a few of the anti-Warren crowd's favorite talking points.

    9/11 Responder Aid Package Fails in House (HuffPo)
    Republicans blocked a bill that would have provided $7.4 billion in aid to Ground Zero rescue workers who have fallen ill, dismissing it as another wasteful entitlement program. "Never forget" didn't last very long, did it?

    Within the Fed, Worries of Deflation (NYTimes)
    More Fed officials are beginning to come around to the idea that it's time to do something about unemployment instead of worrying about non-existent inflation.

    John Stewart Mill vs. the European Central Bank (Project Syndicate)
    Brad DeLong suggests that international economists could use a little less detached economic theory and a little more history class.

    Social Security Commission Kicks Off By Pointing Out Myths (FDL)
    A coalition of progressive organizations is rolling out its campaign to save Social Security from the clutches of the catfood commission.

    A spending goal too small for aging America (WaPo)
    Matt Miller argues that with the U.S. forced to pay for a growing number of retiring baby boomers, it's absurd to demand that government spending be frozen at sub-Reagan levels, as deficit commission co-chair Erskine Bowles has done.

    Few in U.S. move for new jobs, fueling fear the economy might get stuck, too (WaPo)
    Underwater mortgages are tying down the unemployed and reducing labor mobility, creating a serious obstacle to recovery.

    Don't Give the Tax Credit Too Much Credit (NYTimes)
    Casey B. Mulligan observes that the Home Buyer Tax Credit has had a much smaller impact on the housing market than some analysts have suggested, weakening the case for its renewal.

    The All-Gain, No-Pain Conservative Fiscal Diet (TNR)
    Jonathan Chait mocks conservative incoherence on deficit reduction without tax increases.

    Facing Steep Odds, 128 House Democrats Revive the Public Option (Washington Independent)
    Progressives are hoping to turn the deficit hawks' rhetoric against them by putting a public health insurance plan back on the table as a cost-cutting measure.

    Proof positive: Unemployment benefits NOT a work disincentive (Open Left)
    Republicans running for Congress this year may be shooting themselves in the foot by insisting that the unemployed are really just too lazy and pampered to go out and find a job.

    Who Profits? Who Learns? (NYTimes)
    For-profit colleges and trade schools are an increasingly popular alternative to traditional colleges and universities, but more regulation is needed to prevent these schools from taking advantage of their students.

    As Obama Praises Race To The Top’s Success, Congress Cuts Its Funding In Half (Think Progress)
    The Race to the Top program has spurred important education reform in over 30 states across the country, but now Congress has decided to slash the program's budget for no particular reason.

    In American politics, stupidity is the name of the game (WaPo)
    E.J. Dionne worries that our national political debate has become consistently and fundamentally dumb in an era that demands real, complex solutions to the many problems we face. What could have given him that idea?

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  • July 29

    Jul 29, 2010Tim Price

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

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

    How the Great Recession Was Brought to an End (Economy.com)
    A new study by Alan Blinder and Mark Zandi concludes that the bailouts and the stimulus package prevented a second Great Depression.

    A crossroads for the U.S. economy (WaPo)
    Analysts like Roosevelt Institute Senior Fellow Rob Johnson agree that the future of the recovery now depends on increased private spending.

    We're Number One! (NYTimes)
    No need to be modest, according to Paul Krugman. This really is the weakest recovery in the last 40 years.

    The job machine grinds to a halt (WaPo)
    Harold Meyerson argues that if our leaders want to put Americans back to work, it's time to get creative and stop blaming the unemployed for their misfortune.

    GOP appointees to oversight panel praise Elizabeth Warren's work (WaPo)
    Elizabeth Warren already had progressives in her corner, but now even the conservatives she works with are calling her a courageous and open-minded leader.

    In Roosevelt Archive, History as He Made It (NYTimes)
    Newly released letters show FDR writing a rough draft of history.

    Dodd carries water for anti-Warren forces (Daily Kos)
    Markos Moulitsas says retiring Senator Chris Dodd is taking the hit for other corporatist Democrats by opposing a recess appointment for Warren.

    Goldman Already a Step Ahead of FinReg (FOX Business)
    Wall Street is trying to adapt to the Volcker Rule by reassigning its prop traders to asset management, exploiting a loophole that allows for more client-focused trades.

    ETFs Imperil Commodity Investors When Contango Conspires with Pre-Rolling (Bloomberg)
    If you don't know what that is, don't feel bad. Neither did investors.

    Minorities Hugely Underrepresented in Financial Industry (TAPPED)
    Could predatory lending have been driven by the fact that white women and minorities hold only 36 percent of management-level jobs in the financial industry? New provisions in the finreg law seek to correct this imbalance.

    Bush Tax Cuts Still Very Unpopular (TNR)
    A Pew study finds that 57 percent of Americans support repeal of Bush's tax cuts for the wealthy, and more would like to see all of the Bush tax cuts repealed than would like to see them all renewed.

    Why Congress should let the Bush tax cuts expire (WaPo)
    Ruth Marcus recalls the surplus President Bush wasted and debunks the Republican argument that lowering taxes is always the right answer.

    Aetna, Humana, Other Insurers Mull New Group to Influence November Races (Paper Trail)
    Five of the largest health insurers are planning to pump $20 million into a non-profit organization to help elect candidates who favor industry-friendly regulations.

    Debating Disclosure (Washington Monthly)
    Steve Benen points out that quite a few Republicans were for campaign finance disclosure before they were against it.

    In SB 1070 Ruling, a Minor Win for Obama (TAPPED)
    A district judge issued an injunction yesterday that will keep the most controversial parts of Arizona's immigration law from taking effect, suggesting that the Justice Department was wise to frame its case in terms of federal preemption.

    Thank God for the Whistleblowers (HuffPo)
    Robert Scheer writes that the Wikileaks documents could be the Pentagon Papers of a new generation, exposing a war based on half-truths and a failure to learn from our mistakes in the Middle East.

    Cap-and-Trade is Dead; Long Live Cap-and-Trade (FiveThirtyEight)
    Nate Silver predicts that Democrats will get another chance to pass cap-and-trade within the next six years, if for no other reason than to raise revenue and pay down the deficit.

    Math is Hard: John Thune's Plan to Eliminate Deficits in 10 Many, Many Years (TPM)
    The Republican senator's new deficit reduction plan would technically extend the deficit until the end of time and/or human civilization, but why quibble?

    Fool's Gold: Inside the Glenn Beck Goldline Scheme (The Big Picture)
    Beck is misrepresenting one of FDR's executive orders in order to convince his viewers to waste their money on antique French coins. Odd; he's usually so reliable.

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