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The author writes with a point of view, but the article's arguments are well-supported with data and credible citations.
Can one even imagine how much different — and better — our political culture would be if our establishment media devoted even a fraction of the critical ... More »
It is the sad height of hypocrisy when the United States, whose leaders claim to have the secret to world salvation (both politically and economically), not only corrupts ... More »
This blog post has modest journalistic merit. The author ignores the major causes of unemployment today: Obamacare, Dodd-Frank, and the EPA's planned regulations on carbon dioxide. The 1200+ waivers of Obamacare already issued should be a clue that it is a big drag on job-creation. Most experts agree that repealing it completely rather than piece-by-piece as currently is happening, would stimulate the economy. The author does not realize that even Obama has agreed that the stimulus was a mistake, that $830 billion dollars were largely wasted as job creators.
This review is of minimal journalistic merit, including as it does numerous, easily-verified falsehoods. President Obama has not “admitted” the stimulus was a mistake, unemployment was ballooning well before the president’s healthcare initiative and there has been ... More »
"Additional government spending will unquestionably increase the budget deficit and the national debt in the short term, but both of those are readily addressed once demand has been reignited, consumption resumed, and taxation of that economic activity commences." "Readily addressed"? This is a fallacy. The national debt is never addressed and the budget rarely balanced. Unfortunately the authors cry for more of what has been dealt over the last three years as a solution to the ... More »
“Unfortunately the authors [sic] cry for more of what has been dealt over the last three years as a solution to the problem which has yet to be resolved by that which he asks for is juvenile.”
– Paul Krugman and Joseph Stigltz – both Nobel ... More »
The author writes with a point of view, but the article's arguments are well-supported with data and credible citations.
Taibbi memorably covered Wall Street malfeasance in general and Goldman Sachs misdeeds in particular in his book "Griftopia" to excellent effect. This article serves as somewhat of a follow up, and contains specifics about the manner in which Goldman has broken the law. The author is considered by many - including myself - to be the heir to Hunter S. Thompson in his writing style, but it is important not to be put off by his occasional profanity or gonzo descriptions; Taibbi is a first rate investigative journalist who deals in facts, and this article is no exception.
To recap: Goldman, to get $1.2 billion in crap off its books, dumps a huge lot of deadly mortgages on its clients, lies about where that crap came from and claims it ... More »
The topic is an importqant one. This article, while poorly sourced and incomplete, is an atempt to stimulate conversation. It is no more political that what I see on MSM. Fox TV for example. I expect to see the energy behind the issue to grow significantly over the comming months as a taboo is broken
Thanks, Tom. I think I understand the distinction you make, although the important stuff in the article – i.e. the charts – all comes from government data. The graphs don’t actually HAVE any assumptions in them – they’re just ... More »
The topic is an importqant one. This article, while poorly sourced and incomplete, is an atempt to stimulate conversation. It is no more political that what I see on MSM. Fox TV for example. I expect to see the energy behind the issue to grow significantly over the comming months as a taboo is broken
Thank you for the positive review. As the author, however, I have a quick question: Can you help me understand the comment that the material within this article is poorly sourced? All the graphs either link to the source data or are marked with the source of the data points within ... More »
The author writes with a point of view, but the article's arguments are well-supported with data and credible citations.







Condemned to Repeat History
This blog post has modest journalistic merit. The author ignores the major causes of unemployment today: Obamacare, Dodd-Frank, and the EPA's planned regulations on carbon dioxide. The 1200+ waivers of Obamacare already issued should be a clue that it is a big drag on job-creation. Most experts agree that repealing it completely rather than piece-by-piece as currently is happening, would stimulate the economy. The author does not realize that even Obama has agreed that the stimulus was a mistake, that $830 billion dollars were largely wasted as job creators.
Saying he thought there were a lot of shovel-ready when they weren’t and “admitting the stimulus was a mistake” are not the same thing, and the non-partisan CBO has stated that the stimulus reduced unemployment by between 1.4 and 3.3 million ... More »