Democrats control the White House and Senate and won a clear majority of the vote in 2012 House elections, but American Prospect co-editor Robert Kuttner thinks that Republicans might be even less popular if Dems weren’t so shy about advocating economic policies markedly to the left of the ones they now support.
In a Monday post, Kuttner argued that only the rich have benefited from thirty-plus years of “tax cuts, limited social spending, deregulation, and privatization,” which caused him to wonder, “If conservatives offer little that’s credible to the anxious middle class, why aren’t liberals just trouncing them?” His three-part answer:
... which proves one thing, namely that attorney and "Ring of Fire" radio show cohost Mike Papantonio doesn't read The Huffington Post.
How can you tell you're dealing with someone whose politics could not be more obviously, obliviously liberal? When he or she denies being liberal. Conservatives, on the other hand, don't scurry from their conservatism. (audio clips after page break)
Last week's economic report couldn't have been much rosier. The economy grew at a faster-than-expected rate, faster than any time in over a year. But far from sparking runaway prices, inflation actually moderated.
But that didn't stop the Axis of Gloom, AKA the New York Times and its Beantown subsidiary the Boston Globe from publishing op-ed items this morning finding the cloud on the silver lining. A lugubrious Times editorial laments:
By the end of last week, any lingering hope that the housing downturn would be contained had vanished. As this week begins, signs of contagion seem to be everywhere . . . The fallout of housing-related turmoil is also likely to extend beyond financial markets.
The editorial ends with a call for closer monitoring of hedge funds.
Over at the Globe, liberal economist Robert Kuttner [pictured here] emits a sky-is-falling column "The crash that could come."