Tag Archives: George H.W. Bush

Paul Ryan’s Hammock

How stands the Social Security discussion in Washington following State-of-the-Union night? More or less where it was before. Which, for defenders of the program is mostly not good.

President Obama honored his pledge to congressional Democrats over the previous weekend not to endorse cuts to the program. In fact, he went a bit farther, rejecting any plan that would include “slashing benefits for future generations.”

There’s more to say about that. But first, what about Paul Ryan and that Michele Bachmann? Continue reading Paul Ryan’s Hammock

“Inside Job” – See This Movie!

Charles Ferguson has made a documentary that must be seen if you want to understand why the same people who let the housing bubble and the 2008 financial meltdown happen are still in charge. But if you can’t go out and see Inside Job right away (it opens in New York and Los Angeles today), read Ferguson’s article, “Larry Summers and the Subversion of Economics,” summarizing his case in the Chronicle of Higher Education.

The thesis of Ferguson’s film (a trailer is available here; a New York Times review is here) is simple, and astonishingly obvious: economics, as a profession, has been subverted by its proximity to power and money. Continue reading “Inside Job” – See This Movie!