Jerry Brown’s Budget

Ron Wolff: California’s “new” (but experienced) governor is bringing some urgently needed honesty and fresh thinking to the budgeting process in a state weary of smoke, mirrors, a two-thirds requirement in the legislature for tax increases, and the ravages of a recession imposed largely by external forces.

Paper Entrepreneurs Beating Product Entrepreneurs: 30 Years On

Stock-broker

Robert Reich: Paper entrepreneurs ensure that capital is allocated efficiently among product enrepreneurs. But paper entrepreneurs do not directly enlarge the economic pie. They only arrange and divide the slices. They provide nothing of tangible use. For an economy to maintain its health, entrepreneurial rewards should flow primarily to product, not paper.

No, No, Joe!

Lieberman-orderley

Jerry Drucker:
In his 2006 primary fight against Ned Lamont, No No Joe told the voters he was all for universal health care for all Americans and they needed him in office to push it through. (He must have meant ‘push it through the exit door.’)