FDL Book Salon Welcomes Michael Grunwald, The New New Deal: The Hidden Story of Change in the Obama Era

By: Saturday August 18, 2012 1:59 pm

When President Obama signed the American Recovery and Reinvestment Act into law on February 17, 2009, the program’s place in American history was widely remarked. It was the greatest stimulus effort since Franklin Roosevelt’s New Deal.

But this was incorrect: By every measure, Obama’s stimulus was far greater than FDR’s New Deal.


Austerity Goolsbee Ignores Own Statistics to Make Case for Deficit Reduction

By: Friday July 29, 2011 3:03 pm

Every plan that sucks money out of the economy is a net negative for the economy. And that’s every plan on the table, whether you put a hashtag in front of it and call it compromise or not. Real GDP remains below the peak in the pre-recession period of 2007. We haven’t even gotten back to zero, let alone grown. You can dodge and say that this is the mere result of slow recoveries to financial crises, or you can tell the truth. We don’t have enough demand in the economy. And we’re poised to take more demand out.

Thigpen Failed to Meet with President, Economic Advisers on WH Visit

By: Tuesday June 21, 2011 3:00 pm

“It was a bust.”

That’s what Guilford County register of deeds Jeff Thigpen told me about his visit to the White House last Friday. Many were intrigued by the surprise announcement that Thigpen would be part of a reception and policy briefing some of the nation’s brightest young legislators. He has been at the forefront among registers of deeds of the foreclosure fraud crisis, using the power of his office to document forgeries and other abuses by banks seeking to upend the land title recording system that has prevailed in America for centuries. There was a hope that this White House meeting would offer a chance for Thigpen to build on his success, and get the ear of top policymakers about the extent of the fraud.

It didn’t pan out.

Showing Once Again That Denial Ain’t Just a River

By: Thursday June 9, 2011 7:10 pm

The Initial Unemployment Claims report for last week is out and guess what? The Economists are surprised. And water is wet and the sky is blue.

DCCC and CREEP Want My Money to Re-Elect President Romney’s Econ Team

By: Thursday June 9, 2011 5:30 pm

I keep getting requests for donation from the DCCC and Obama’s campaign, at the same time I read stories of his economic team making arguments you’d expect to hear from President Romney. I’d rather cut out pictures of rotten tomatoes.

Scarecrow’s Nightmare: Austan Goolsbee Defends President’s Romney’s Economic Plan

By: Sunday June 5, 2011 8:30 am

If I’d been asleep for the last decade and woke up to ABC This Week’s interview of Presidential economic advisor Austan Goolgbee, I would assume that Mitt Romney won the 2008 election, that he was predictably following Republican dogma about how to recover from a severe financial collapse and recession and that media folks like Christiane Amanpour were realizing those standard GOP policies aren’t working.

Goolsbee: Lower Federal Spending Caused Slowdown in GDP

By: Friday April 29, 2011 8:05 am

The statement here is that reduced government spending causes slower growth. Well, we know that the 2011 budget cuts spending in the next two quarters. And we know that all Republicans and not a few Democrats want to attach some major spending cuts to the debt limit vote, which needs to take place in the next couple months. So there no doubt that we will see lower federal spending as far as the eye can see. And Austan Goolsbee is saying here that reductions of government spending at the federal level slow down the economy, given the state it’s in right now.

Bill Daley, Austan Goolsbee: No Change Is Needed Or Wanted

By: Sunday February 27, 2011 10:30 am

Nothing changes. The Class War is over, and the rich won. Time to hide under the fur and suck as much from the beast as possible, and get away from it.

Crushing State Budget Cuts Wiping Out Stimulative Effects of Tax Deal

By: Monday January 10, 2011 6:30 pm

Between California and Illinois, you’re looking at about $45-48 billion dollars to balance budgets, between tax hikes and program cuts. The anti-stimulative effect of that almost totally wipes out the $55-60 billion in stimulative measures that aren’t just extensions of current law in the tax cut deal.

Yes, Mr. Goolsbee, They Are That Insane, and They Know You’re Not

By: Monday January 3, 2011 6:01 am

I suppose it’s positive to see Austan Goolsbee in pugilist mode against those who want to use the debt ceiling as a leverage point, but I still think he’s not quite getting the Republican strategy.

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