Tag Archives: Krugman

Lifted – in its entirety – from Krugman’s blog

Transport Madness

Oh, boy — this is truly amazing. I guess I’m not surprised that the WSJ doesn’t like the idea of providing New York with a European-style system of rental bikes. But accusing Bloomberg and company of being “totalitarians” for the vicious crime of … making bright blue bikes available to tourists … seems like it has to be parody.

On the other hand, let’s not forget George Will’s explanation of why liberals like mass transit:

the real reason for progressives’ passion for trains is their goal of diminishing Americans’ individualism in order to make them more amenable to collectivism.

Something about transportation seems to bring out the crazy in these people.

(The post, comments and all, is here.)

Where’s my foot? I need to shoot it.

Aaaahhhh . . . Just looking at this thing depresses me so much I’ve not the energy to search up a proper link. Happily Paul Krugman did.


(via Krugman h/t Digby)

More than one clean up called for

Krugman three days ago:

Something Rotten At Interior

Something is very wrong at the Interior Department.

Actually, that’s not news. No part of the government was as thoroughly corrupted during the Bush years; Interior became a case of government of the extractive industries, by the extractive industries, and very much for the extractive industries. And it was going to take time to clean up the mess.

But has the cleanup even started? Every day there’s another news story with Ken Salazar firmly declaring that he’s losing patience with BP, and that if the company doesn’t get with it … he’ll make another firm declaration tomorrow. Meanwhile, we get assurances that no more drilling is being allowed pending review, followed by stories that, well, actually it is; we get stories about MMS officials partying with cakes inscribed “Drill, baby, drill.”

What this says to me is that officials at Interior are acting as if nothing has changed. Maybe that’s because Salazar is just a weak leader, and they’ve concluded that they have nothing to fear from him. Or maybe the fears of environmentalists about Salazar’s motives were correct, and he’s saying one thing to the public but another thing to his subordinates, assuring them that he’s not serious about all that change stuff.

Either way, he isn’t doing his job — and the Obama administration is steadily leaking credibility. And the buck for that stops you know where.

Obama has appointed quite a few good people  but I remember being saddened when his offer to Bruce Babbitt to take over Interior went nowhere. Babbitt was a serious and sterling choice. But it didn’t happen. Interior was /is a department screaming for real change.

By the way, another place needing real change is Afghanistan. It’s probably not going to happen while we’re there or after we leave. And still,  it is the 232nd day of the ninth year of the war there.

Oil and war – one equals the other and we seem to crave both.

What the hell are we waiting for?

Here in this nation, we keep insisting that we do everything better than everyone else because we’re the USA. And this in spite of the facts – an economy that nearly collapsed, infrastructure that’s beyond the point of affordable repair, wars fought on borrowed money and off-budget, unwillingness to go for the most cost efficient health care to protect profit, educational decline, unaffordable universities. We keep being the Ferengi.

Today Paul Krugman takes a look at why Canada came through the banking crisis with very few scars (if any). Of course, that’s only one area in which we refuse to notice if anyone else has invented the very wheels we need.

Holy shit

Krugman on his blog. Saying stuff.

“We did it!”

That’ s what Henry Higgins crowed in My Fair Lady, when his little experiment with Eliza Doolittle succeeded. He was jubilant.

Not so jubilant today is Paul Krugman commenting on the why of the epic failure of our banking system. But he sang the same song, if with a different tone. ‘We did it’ he said.

Like me, Krugman saw a good deal of the first (of many to come) hearing of the Financial Crisis Inquiry Commission on Monday. Unlike many on the right, I listen to Krugman.  I give him the respect due a PhD Nobel-prize winning columnist at the New York Times who has also taught a generation of aspiring economists at Princeton. The right in this country dismisses him. They call him ‘shrill’.

Here he is today reminding us of something that gets lost in all the empty noise:

There were two moments in Wednesday’s hearing that stood out. One was when Jamie Dimon of JPMorgan Chase declared that a financial crisis is something that “happens every five to seven years. We shouldn’t be surprised.”  . . . But the truth is that the United States managed to avoid major financial crises for half a century after the Pecora hearings were held [in the 1930’s] and Congress enacted major banking reforms. It was only after we forgot those lessons, and dismantled effective regulation, that our financial system went back to being dangerously unstable.