Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.
Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.
Hannah Petrie: Even though the rates of drug-dealing and drug-using occurs equally among different races – (think weed here) whites deal to whites, blacks deal to blacks, Hispanics to Hispanics – it’s the people of color who get busted. And once you’re labeled a felon – and denied access to employment, housing, and other rights — your chances of returning to a straight and normal life are extremely low. It is a system designed to keep felons felons.
Tina Dupuy: Ryan, widely admitted Ayn Rand fanboy who seems unaware that she wrote libertarian-fantasy fiction while collecting social security and Medicare, is the new GOP “it” guy.
Mark Vorpahl: Labor and the community members can begin to exercise their voice by taking to the streets in a clear display of massive unity behind such demands as for a federally funded jobs program and no cuts to the social safety net.
Carl Bloice: ‘The president and his aides know that the G.O.P. approach to the budget is wrongheaded and destructive,” New York Times columnist Paul Krugman wrote March 11. “But they’ve stopped making the case for an alternative approach; instead, they’ve positioned themselves as know-nothings lite, accepting the notion that spending must be slashed immediately – just not as much as Republicans want.
Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.
Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.