Hey, What’d I Miss? OTE 10/28 — 11/11

November 11th, 2014 at 3:28 pm
  • On jobs day, giving my first impressions of October’s employment report.
  • On the midterm elections, laying out what I didn’t hear on economic policy in the run up to the midterms and explaining why the midterms were a big, dystopic groan from an electorate that knows something fundamental is broken and nobody’s trying to fix it.
  • Describing the real reason corporate tax reform is so hard to pull off (hint: it’s not just the partisan divide).
  • Highlighting a post from my CBPP colleague Jesse Cross-Call that explains why states that took the Medicaid expansion are experiencing slower cost growth and fewer uninsured.
  • Explaining what we can learn from Denmark re wage policies.
  • Describing why the Fed needs to continue to support the economy through very low rates and the big balance sheet they’ve built up.
  • Jotting down different ways to scare an economist on Halloween.
  • Laying out a few thoughts about the political economy of the midterms.
  • Excerpting a piece from E.J. Dionne’s column that lays out what we’re dealing with regards to the strategy of political dysfunction.
  • Teaming up with Dean Baker to explain why getting the economy back to full employment is that best way to restore the bargaining power of most American workers.
  • Explaining why Ryan Avent’s critique of the Fed lands some punches but misses some too.
  • Music: a funk classic from the man himself, James Brown, and a great tune from an old friend (pianist Ted Rosenthal) in this week’s musical interlude.

 

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One comment in reply to "Hey, What’d I Miss? OTE 10/28 — 11/11"

  1. urban legend says:

    The Democratic Party can bring its factions together with relatively straightforward positions that really are not particularly ideological. Full employment (buttressed by higher minimum wage) as the central goal for solving all kinds of problems — higher incomes through stronger bargaining power for workers, generating higher demand for the good of business, higher tax revenues and lower demand for safety net assistance for long term reduction of deficits and the debt-to-GDP ratio. There is no reason why this should not unite progressives and New Democrats behind a central story of what the party will do that Republicans will not do. Further elements of this: large infrastructure investment for an indefinite period to repair and modernize the country, not just short-term stimulus with shovel-ready projects to be halted at the first whiff of sustainable high employment. No more messing with Social Security, with the singular and correct message that the system has umpteen trillion dollars and is not a current crisis but we need to keep a watch on it — but never any cut in benefits in any form whatsoever. Resuming discussion about adding a public option to the exchanges as originally considered and expected in 2008 – 2009 — whatever promises Obama made to certain industries to dump the public option have been long since fulfilled — but with a fall-back specific proposal to let those aged 50-64 without insurance through an employer should be allowed to buy into Medicare.

    And one way or another, the party must figure out a way to convince potential voters, especially the ones who didn’t vote out of disgust, that this time we really, really do mean it and if you put us back in office we will do it.


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