Tag: Krugman

Paul Krugman – Marco Rubio Has Learned Nothing

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Nixon shakes hands with the ancestor of the Tea Party

Nixon shakes hands with the ancestor of the Tea Party

Earlier today…

Faced with overwhelming, catastrophic evidence that their faith in unregulated financial markets was wrong, they have responded by rewriting history to defend their prejudices. This strikes me as a bigger deal than whether Rubio slurped his water; he and his party are now committed to the belief that their pre-crisis doctrine was perfect, that there are no lessons from the worst financial crisis in three generations except that we should have even less regulation. And given another shot at power, they’ll test that thesis by giving the bankers a chance to do it all over again.

Via:
Marco Rubio Has Learned Nothing – NYTimes.com
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Constant-demography Employment (Wonkish But Relevant)

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Earlier today…

So there is real if modest improvement over the past year. Also, the September numbers looks not like an aberration but like a return to trend from what looks like noise in the data over the previous couple of months.

This story is, by the way, broadly consistent with the payroll data, from a different survey, which also suggest employment growing somewhat faster than population.

So contra Romney, this is a real recovery. Modest, but real. Unless, of course, you believe that there’s a conspiracy of socialist statisticians …

Via:
Constant-demography Employment (Wonkish But Relevant)
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