Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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July 26, 2014, 2:18 pm, 1305987
(John Hinderaker)

The Russian “reset” has always been regarded as Hillary Clinton’s baby, one of her smug “smart diplomacy” initiatives. Why do we associate the reset with Hillary? Because it was Hillary who presented the famous button to Russian Foreign Minister Sergei Lavrov in 2009. She sure looked happy ...


July 26, 2014, 12:18 pm, 1305977
(Steven Hayward)

Ho-hum, another week, another loss for the Obama Administration in federal court (looks like still more work for Dread Pirate Roberts to sort out), another foreign crisis, another fundraising trip by Obama.  As Edna St. Vincent-Millary is reported to have said, “History isn’t one damn thing after ...


July 26, 2014, 12:18 pm, 1305976

David Cay Johnston: State’s Job Growth Defies Pessimistic Predictions After Tax Increases: "Dire predictions about jobs being destroyed...

...spread across California in 2012 as voters debated whether to enact the sales and, for those near the top of the income ladder, stiff income ...


July 26, 2014, 12:18 pm, 1305975

Ray Fisman: Sweden school choice: The country’s disastrous experiment with Milton Friedman and vouchers: "Americans wring their hands over the state of our schools...

...The angst over U.S. student performance—and its implications for the American workforce of the near future—is inevitably accompanied by ...


July 26, 2014, 12:18 pm, 1305974

Scott Lemieux: The Teleological Fallacy: "A good point about... Thomas Frank...

...[by] fearless navigator of our new comment system JeremyW....

[W]hat strikes me... is that... rather than a system where actual progressive change is ...


July 26, 2014, 12:18 pm, 1305973

Robert Waldmann: Anchored Perceived Inflation, or How Fox News Helped Obama: "A huge recession, sluggish recovery and gigantic persistent output gap....

...Core PCE inflation... fell from sticking close to 2% to fluctuating in the range of 1% to 2%. The standard lowbrow backward-looking ...


July 26, 2014, 12:18 pm, 1305969

James Hamilton: The Changing Face of World Oil Markets: "1. World oil demand is now driven by the emerging economies...

...2. Growth in production since 2005 has come from lower-quality hydrocarbons.... 3. Stagnating world production of crude oil meant significantly higher prices.... 4. ...


July 26, 2014, 12:18 pm, 1305970

It now looks like that, instead of the 3.3% real GDP growth 2014 that we expected at the end of last fall, we are going to have half that: a 1.7% ...


July 26, 2014, 12:18 pm, 1305972

Bob Laszewski: Halbig Decision Puts Obamacare Back on the Front Burner and Will Give Republicans a Huge Political Headache: "In the DC Court ruling one of the majority judges said...

...'The fact is that the legislative record provides little indication one way or ...


July 26, 2014, 12:18 pm, 1305968

Mike Konczal: Dodd-Frank Reforms Are Finally Paying Off: "This past year has seen significant advances...

...with at least four major wins. And crucially, the battles that still remain are coming clearly into focus. First, banks are now required by regulators to hold higher ...


July 26, 2014, 12:18 pm, 1305971

Sarah Kliff: Halbig says Congress meant to limit subsidies. Congress disagrees: "Did Congress intend for Obamacare's federal-run exchanges...

...to distribute tax credits to millions of enrollees? Two circuit courts have spent a combined 116 pages opining on the issue.... For staffers who helped ...


July 26, 2014, 12:18 pm, 1305967

Eric Chemi and Ariana Giorgi: For CEOs, Correlation Between Pay and Stock Performance Is Pretty Random: "With all the public chatter about exorbitant executive compensation and income inequality...

...it’s useful to look at the relationship between chief executive officer pay and corporate performance. ...


July 26, 2014, 12:18 pm, 1305963

Ezra Klein: Paul Ryan's Poverty Plan: "P The most important idea in Paul Ryan's poverty plan...

...reverses the most important idea in Paul Ryan's budgets. Those budgets... [made] deep cuts to spending on programs for the poor the cornerstone of Republican fiscal policy... cut spending ...


July 26, 2014, 12:18 pm, 1305964

Brian Buetler: The Adler-Cannon Halbig v. Burwell Argument Is a Fraud--Just Ask Scott Brown: "It is now an article of faith on the right that Congress meant to condition the subsidies...

...as an inducement to states, but overestimated the power of that inducement. ...


July 26, 2014, 12:18 pm, 1305966

James Pethokoukis: The weird obsession that's ruining the GOP: "Call it doomsday prepper economics...

...For more than five years, many Republicans and conservatives have warned that catastrophe is nigh. Washington's deficit spending and the Federal Reserve's excessive money printing will lead to a ...


July 26, 2014, 12:18 pm, 1305965

Guido Matias Cortes et al.: The Micro and Macro of Disappearing Routine Jobs: A Flows Approach: "The U.S. labor market has become...

...increasingly polarized since the 1980s, with the share of employment in middle-wage occupations shrinking over time. This job polarization process has ...


July 26, 2014, 12:18 pm, 1305960

Barry Ritholtz: Cognitive Dissonance: "Of all of the failings of human wetware...

...the one I find most intriguing is cognitive dissonance... [which] occurs in the mind of an individual when a theoretical belief system is confronted by factual evidence demonstrating outcomes contrary to ...


July 26, 2014, 12:18 pm, 1305961

Matt Bruenig: How Reform Conservatives Like Reihan Salam and Paul Ryan Misunderstand Poverty: "Oh boy. Reihan Salam has a piece riddled with confusions...

...some conceptual, some technical, and some just downright strange.... Poverty measurement that also includes tax credits (like the EITC) and ...


July 26, 2014, 12:18 pm, 1305962

Casey Schoeneberger: Washington Center for Equitable Growth Announces Inaugural Class of Grantees: "Equitable Growth will award $481,000 to 15 grantees...

...with additional funding for two of those grantees provided by the Russell Sage Foundation.... “Motivating academic economists to investigate whether and how structural ...


July 26, 2014, 12:18 pm, 1305959

Don Marsh: St. Lo Breakout:

On the night of 25-26 July 1944 Combat Command "A" moved west and south to a new assembly area in the vicinity of Port Hubert, France, in preparation for the St. Lo ...


July 26, 2014, 12:18 pm, 1305956

Ricardo Hausmann: The Real Raw Material of Wealth: "Poor countries export... materials such as cocoa, iron ore, and raw diamonds...

...Rich countries export--often to those same poor countries... chocolate, cars, and jewels.... Some ideas are worse than wrong: they are castrating, because they ...


July 26, 2014, 12:18 pm, 1305955

July 26, 2014, 12:18 pm, 1305957

Barry Eichengreen: The ECB Tries Again: "In June the European Central Bank announced a series of new steps to counter deflation....

...Rather than bemoaning the failure of President Draghi & Co. to move earlier, it is more productive at this stage to ask: ...


July 26, 2014, 12:18 pm, 1305958

Max Gladstone: Choice of the Deathless:

Battle demons and undead attorneys, and win souls to pay back your student loans! At the elite demonic-law firm of ...


July 26, 2014, 10:18 am, 1305936
(Scott Johnson)

BBC Middle East editor Paul Danahar happened to be on hand in Gaza for the opening of Israel’s Operation Pillar of Defense in November 2012. When the son of Danahar’s BBC Gaza colleague Jihad Masharawi was killed at the outset of the operation, Danahar all but ...


July 26, 2014, 8:18 am, 1305918
(Scott Johnson)

Islamic toilet etiquette specifies an elaborate protocol that goes well beyond our immediate need to know. (Warning: You also really don’t want to know.) Fortunately, however, it seems not to require clean underwear, at least not directly. In an update on the failure ...


July 26, 2014, 12:18 am, 1305855
(John Hinderaker)

The Democrats are salivating at the idea that Republicans might try to impeach President Obama. They think, perhaps, that impeachment is the one thing that could salvage Obama’s second term. In the meantime, they are furiously raising money with the claim that Republicans are bent on impeachment. ...


July 26, 2014, 12:18 am, 1305854
(John Hinderaker)

The Tweet of the Day comes from Ken Gardner and features Kimberly Guilfoyle. No further comment is necessary. Click to enlarge:


July 25, 2014, 10:18 pm, 1305835
(John Hinderaker)

I hosted the Laura Ingraham radio show one day last week, and will be doing it again next week, both Wednesday and Thursday. We are working on lining up some good guests; please tune in if you have the opportunity.

Last week, one of my guests (along ...


July 25, 2014, 10:18 pm, 1305834
(Paul Mirengoff)

President Obama famously failed to act when warned that ISIS was preparing to mount an offensive in Western Iraq. This left ISIS free to conquer, with virtually no resistance, city after city in the defense of which American soldiers have shed blood.

Now Obama is ...


July 25, 2014, 6:18 pm, 1305749
(Scott Johnson)

In an update this morning that provides the necessary context to Israel’s rejection of a ceasefire at this stage of its offensive in Gaza, Omri Ceren of The Israel Project writes:

Leaks have begun to trickle out on what Israeli interogators are learning from captured Hamas fighters. ...


July 25, 2014, 4:18 pm, 1305682
(Scott Johnson)

Israeli Ambassador to the United States Ron Dermer is of course working overtime to speak up for Israel during its present hostilities with Hamas. He went above and beyond the call of duty yesterday, listening to its coverage for two hours. Now that hurts.

Dermer noted ...


July 25, 2014, 4:18 pm, 1305683
(John Hinderaker)

As all the world now knows, Obamacare architect Jonathan Gruber is on video explaining that under the ACA, tax subsidies will only be available to individuals who enroll in state-created exchanges, and will not be available to those who participate in the federal exchange. In other ...


July 25, 2014, 4:18 pm, 1305681

Karl Polanyi's The Great Transformation is certainly the right place to start in thinking about "neoliberalism" and its global spread. ...


July 25, 2014, 4:18 pm, 1305680


July 25, 2014, 12:18 pm, 1305531
(Paul Mirengoff)

Jonathan Gruber, a professor at MIT, is widely is regarded as the architect of both Romneycare and Obamacare. Following the D.C. Circuit’s decision in Halbig, he asserted that the provision of Obamacare limiting subsidies to the state exchanges was a “typo.” Indeed, he ...


July 25, 2014, 8:18 am, 1305376
(Scott Johnson)

Our friend Ammo Grrrll is not out of ammo. Ammo Grrrll checks in this morning with THE CASE FOR MANDATORY NAMETAGS. She writes:

If you live long enough, eventually you will have difficulty remembering the names of anyone you haven’t known since grade school or aren’t ...


July 25, 2014, 8:18 am, 1305375
(Scott Johnson)

Following up on Paul Mirengoff’s series of posts on the DC Circuit’s Halbig decision, I want to draw attention to Kim Strassel’s weekly Wall Street Journal column exploring “The Obamacare-IRS nexus” (behind the Journal’s subscription paywall but accessible via Google). Strassel exposes the role played by ...


July 25, 2014, 2:18 am, 1305254

The Serbian Response to the Austro-Hungarian Ultimatum:

The Royal Government has received the communication of the Imperial and Royal Government of the 23rd inst. and is convinced that its reply will dissipate any misunderstanding which threatens to destroy the friendly and neighbourly relations between ...


July 25, 2014, 12:18 am, 1305204
(John Hinderaker)

As long as Congress remains in session, there is a risk that Republicans may turn victory into defeat by making an ill-advised deal on immigration. In the House, a group of Republicans led by Kay Granger has produced a report that looks alarmingly like the Gang of ...