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I was catching up with some of my reading when I happened across a quote from 1930 twice, which led me to write this post on how poor the Obama reform agenda really is. And I want ask you: is Obama Change you can believe in?
The first post by Paul Krugman, “Green shoots, 1930” was [...]

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The video below comes via FORA.tv (FORA stands for Feed Your Inner Genius).  It is of Christina Romer making the case for Obama’s health care plan at the Commonwealth Club.  This video runs over one hour, and so, should give you a fairly comprehensive view of the economic case Obama is now making for health [...]

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Yesterday, I argued that the United States faced a policy dilemma in avoiding debt deflationary forces while maintaining fiscal prudence.  The reality is that President Obama faces political constraints in Washington right now in regards to budget deficits.  He is not likely to get another stimulus package through the Congress unless he can credibly demonstrate [...]

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This case is going to the Supreme Court of the United States.  It will be a landmark ruling when the issue is decided. Take a look at what David Boies has to say about the issue.

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I say no, he needs to get all of this out in the open and behind us.  But the Conservative Wall Street Journal’s Jerry Seib makes a compelling argument that he should, using Jerry Ford’s pardon of Richard Nixon as a reason.  Take a look.  And if you’re interested in Watergate, the recent film Frost/Nixon [...]

The following is a translation of an article by Dr. Artur P. Schmidt, a well-known economist and economic journalist in Switzerland. Schmidt is also a keynote-speaker, who speaks regularly about new media, technology, future trends and knowledge creation.

Recently, he warned that Switzerland faces potential bankruptcy if it does not act to stem losses by its banks and in Swiss Francs in Eastern Europe.

Now he turns to the United States. While I do not agree with everything he writes (I see Glass-Steagall as less important than lack of regulatory oversight), the general tone and overall analysis is spot on regarding interest rates, bailouts and savings. He also has some interesting words to say about how the inflationary policy in Washington is making other nations pay for debts incurred in America.

I should warn you that this analysis at the end of this missive is ‘leftist’ in tone — quite a bit more than what you have seen me write. However, given the huge disparity in income that has built up over the last 35 years in the United States, Schmidt’s analysis does have merit. For my take on similar issues of wealth distribution, see my post, “A populist interpretation of the latest Boom-Bust cycle.”

Barack Obama has won the U.S. presidential election in convincing fashion. While I am clearly not a liberal nor a Democrat, I am pleased with the election’s outcome. It signals a new beginning – a new era in American politics and in American society that is much needed.

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Race has a way of inserting itself into almost everything in America. I have always found this troubling. In this particular Presidential election, it should be the economy here, the economy there, the economy everywhere. Yet, we also find the issue of race a factor where it should not be.
Witness Patrick Buchanan. [...]

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I just read a post on the blog Duck’s Pond about how the crisis in health care in the U.S. will lead to some sticky problems for baby boomers. It’s an interesting take because it’s not the straightforward social-security-is-going-bust-so-baby-boomers-are-screwed argument.
It says more that a lack of health care in the growing Hispanic population in [...]