May 6, 2013
On the housing front, the good news is that the President wants Mel Watt to head the FHFA. The bad news is that, precisely because the President wants him, there is no certainty that Mel Watt will be confirmed.
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May 2, 2013
Commentary on recent developments in American politics, written for a British audience
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April 19, 2013
Perhaps it is the sheer size of this country that makes important problems invisible – with each problem so localized and personal as not to count in public discourse. Or perhaps it is the sheer size of the problems themselves that enables them to hide in the open –with each so large and so ubiquitous. . .
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April 9, 2013
The President is likely to have a bad week with his progressive base, if what we are told to expect in his budget tomorrow turns out to be true. We are told that his budget will trade “modest entitlement savings,”
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March 27, 2013
It’s been quite a month for budgets – both here and, as it happens, in the U.K. too. In London in March, the coalition government provided another round in its continuing pursuit of economic growth through fiscal austerity[1] – an economic growth which continues to elude it – while here in the U.S.. . .
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March 13, 2013
Faced by insurmountable odds as the Carthaginians swept down the Italian peninsula during the Second Punic War, the Roman general Fabius Maximus simply retreated and retreated, wearing the opposition down by declining to engage with them at all. Watching the Republicans play the President right now, the scorched earth policy that the Romans used. . .
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March 12, 2013
First posted on the Comment page of the Sheffield Political Economy Research Institite (SPERI) website, University of Sheffield, UK Watching the economic policy debate in both Washington and London is a deeply frustrating experience.
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February 25, 2013
Amid the urgency of the sequestration crisis, many things of substance are likely to fade into the background of public debate – at exactly the moment when they should not.
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February 13, 2013
So, the State of the Union is strong, is it? Well, maybe it is for the people the President chose to speak about last night. But what about the ones he only mentioned in passing, or the ones that he omitted to mention at all? What about the state of the union for those. . .
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February 6, 2013
SOTU addresses at the start of a second presidential term are relatively rare phenomena, and in recent times they have also been also relatively ephemeral ones. George W. Bush used his SOTU Address in 2005 to make a prolonged pitch for the partial privatization of Social Security.[1] That pitch went nowhere.
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January 21, 2013
Half-way points in two-term presidencies are inevitably moments to take stock and to consider redirections of policy. Right now, the political blogosphere is properly full of that stocktaking and redesign. Lists abound on policies needed[1] and priorities to be pushed,[2] which is why there is no need to add to those lists in any. . .
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January 5, 2013
Two previous recent postings[1] explored the parameters and the prerequisites for a progressive second presidential term for Barack Obama. Each of those postings triggered three broad responses from a largely skeptical audience.
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January 2, 2013
Amid the scampering up and down the fiscal cliff that now dominates political life in Washington, some more important and basic questions are in danger of vanishing from view, questions about the general character and progressive potential of Barack Obama’s second term. Questions such as these. Will this Administration in the end prove to. . .
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December 19, 2012
Co-authored with Don Frey[1] As reports thicken of a possible deal between the White House and the House Republicans – a deal which will supposedly avoid the rest of us going over some fiscal cliff on January 1 – it is worth remembering at least four reasons why such a deal is probably. . .
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December 5, 2012
Public conversation in and around Washington D.C. is currently preoccupied with the question of the fiscal cliff. And rightly so, for very big things are at stake. Not least whether or not a political crisis will tip the economy back into recession, and whether an election result that mandated a tax increase on the. . .
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November 15, 2012
It is lobbying week in Washington DC. Tuesday was labor’s day at the White House. Wednesday it was the turn of the business community. Friday it will be the usual politicians – Boehner, Cantor, McConnell, Pelosi, Reid – in other words, the usual political gridlock masquerading as democracy in action.[1]
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November 2, 2012
Basic belief systems, if regularly reinforced by carefully orchestrated advertising campaigns, are enormously difficult things to shift. Paradigms of thought, once established in dominance, are hard to get rid of. We have just lived through 30 years of an orchestrated consensus on the wonders of free-market capitalism. No matter that the business deregulation it. . .
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October 17, 2012
(co-authored with Eileen Coates: National Board Certified Public School Teacher) One of the most telling questions in the second of the debates between the presidential candidates focused on the gender pay gap: asking in what ways the candidates would “rectify the inequalities in the workplace, specifically regarding females only making 72 percent of what. . .
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October 15, 2012
If you listen only to Mitt Romney and Paul Ryan, you could be forgiven for thinking that the United States is not simply in need of strong interventionist leadership abroad. It is also short of military hardware and troops.
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September 22, 2012
Central to the Republican critique of the Obama Administration in this election cycle has been the Administration’s supposed failure to address and resolve the problem of America’s growing debt. There is much wild and loose talk in beltway circles these days about federal over-spending, about federal over-borrowing, about the nation steadily going broke, and. . .
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September 8, 2012
Charles Dickens came to mind again this week – his opening to A Tale of Two Cities – his intriguing contrast between “the best of times….the worst of times…the age of wisdom…the age of foolishness.” His cities were London and Paris. Ours were Tampa and Charlotte, but the contrasts remain the same. As. . .
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September 5, 2012
I was privileged to join Melissa Harris-Perry and her other guests in the New York studios of MSNBC on the Saturday morning after the Republican convention in Tampa. Melissa was keen to explore with us why so many of the statements made by leading Republicans at the convention failed to pass the ‘fact-checker’ test. She. . .
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August 24, 2012
Unless the Republican convention in Tampa is swept away by hurricane force winds – itself a fascinating prospect for a party, so many of whose activists claim to be in regular and direct contact with the Almighty – the media will make next week an entirely R week.
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August 10, 2012
This is the lull before the storm, the final moments within which to settle the character of the presidential campaign of 2012. Even in the lull, however, the likely lines-of-march are already clear – lines that, if unaltered, should give far more comfort to conservatives than they do right now to progressives.
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July 10, 2012
Administrations are invariably criticized for things they do right, for things they do wrong, and for things they fail to do at all. They are invariably criticized for doing too much and criticized for doing too little. Conservative critics of the current Administration tend to do the former. Liberal, by contrast, would do well. . .
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June 12, 2012
As the big five American banks await the downgrading of their credit ratings by Moody’s Investors Service – a downgrading that is apparently due any day now[1] – it is worth asking: after more than three years of the Obama Administration, where exactly are we on the substance of bank reform? Has it happened?. . .
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May 30, 2012
The Olympics loom. American eyes will turn to London, hoping for Olympic gold. As they do so, it will be worth remembering that this will be London’s second post-World War II Olympic Games, not the first, and that there are also medals to be won by comparing the condition of the U.K. on the. . .
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May 11, 2012
The Obama Administration has unfinished business: lots of it, actually. The President will no doubt seek re-election in November by emphasizing policy successes. He would do well, however, to seek re-election by also recognizing policy failures: recognizing them and committing his Administration to do better. To win re-election, that recognition will need to be honest. . .
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April 24, 2012
The Republican Party likes to pretend (even to itself) that it doesn’t have an industrial policy. It also likes to pretend that the U.S. economy is currently in such deep trouble because the Democratic Party does. Not so. Both parties have industrial policies whether they acknowledge them or not. The American economy is in. . .
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April 9, 2012
As we await the verdict of nine Supreme Court Justices on the constitutionality of all or part of the Affordable Care Act (ACA), it is worth asking what the remaining Republican Presidential nominees would create in its place. We know that they would have to create something, because each is committed to the. . .
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March 26, 2012
Ask any of the Republican presidential hopefuls in this long and drawn out primary season what in general is wrong with the economic policies of the Obama Administration, and they will each tell you that the economy is under-performing now because the current Administration intervenes in its workings too frequently and too heavily. They. . .
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March 8, 2012
The current frontrunners in the fight for the Republican presidential nomination vary far more in their personalities and leadership styles than they do in their problem analysis and policy prescription. Ron Paul apart, their explanation of what is going wrong in contemporary America, and what therefore needs to be done to put things. . .
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February 23, 2012
In the standard trilogy of core commitments currently being made by Republican presidential candidates, the cutting of taxes and the pruning of government is invariably accompanied by the promise to deregulate business – and indeed to re-regulate labor. The Obama administration stands condemned, not simply for its tax-and-spend propensities, but also for its subordination. . .
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February 13, 2012
One consequence of the Republican Party’s current propensity to select its presidential nominee by the political equivalent of American Idol is that we are regularly exposed to sound-bite answers designed to differentiate one candidate from another.
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January 29, 2012
In any wars of words in an election season, truth is often an early casualty. The war of words between Mitt Romney and Newt Gingrich is no exception.
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January 17, 2012
In Lewis Carroll’s Alice’s Adventures in Wonderland, the world discovered by Alice was one in which every aspect of reality was inverted. Big things were small. Small things grew big. The Cheshire cat faded into a grin.
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January 2, 2012
It is likely that 2012 will be long remembered as a watershed year in America politics. It certainly needs to be.
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December 12, 2011
“At many stages in the advance of humanity, this conflict between men who possess more than they have earned and the men who have earned more than they possess is the central condition of progress” (Theodore Roosevelt, 1910)[1] Economists are the new public intellectuals of the age.
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November 18, 2011
We live in troubled and ironic times. The times are certainly troubled. The IMF’s Managing Director has recently spoken with some justification of a looming “lost decade” for the global economy
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October 31, 2011
The current wave of mass protest against Wall Street excess has completely reframed the public conversation in the United States. The “deficit problem” with which Washington was consumed in the first half of 2011 has not vanished from the political agenda,
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October 12, 2011
Bipartisanship in Washington is rare these days, but it does occasionally surface. It did this week, when the Senate passed the “Currency Exchange Rate Oversight Reform Act”(S.1619) – the one sponsored by Democratic Senator Sherrod Brown and co-sponsored by 22 other Senators, including five Republicans.[1]
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October 12, 2011
David Coates speaks about Making the Progressive Case Towards a Stronger U.S. Economy on the Kathleen Dunn Show. Click the link above to open the media player. One the great pleasures, and indeed privileges, of being a guest on the Kathleen Dunn Show is the quality of the questions that Kathleen asks and the seriousness. . .
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September 28, 2011
Thus far 2011 has not been a good year for progressives. The daily sight of the White House seeking elusive accommodations with Tea Party-inspired Congressional Republicans has not been an edifying one. Prior to and during the debt ceiling crisis, all the drive, all the issue framing, all the assertiveness in the pursuit of. . .
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September 21, 2011
It’s late September 2011. The debt-ceiling crisis of the summer is now behind us, and a more strident President Obama has summoned Congress to hear his call for a new stimulus package – an American Jobs Act. Everything in his list of proposals was once acceptable on both sides of the aisle. But no longer.. . .
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September 14, 2011
Maybe it’s because of what I see every morning from my kitchen window– the view over coffee of my former neighbor’s foreclosed and rapidly deteriorating home – that the Obama Administration’s housing policy so depresses me. Or maybe what depresses me is the housing policy itself.
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August 29, 2011
Labor Day looms, and with it the official end of summer.[1] Labor Day – the day we celebrate the strength and importance of American labor. But in truth, on this Labor Day what will there be to celebrate – certainly not the strength and importance of American labor. Things, after all, are not good. . .
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August 26, 2011
Three sets of numbers frame recent developments in immigration policy: numbers of the foreign-born in the latest U.S. census data; numbers on the impact of the recession on immigrant employment; and numbers on the size and trajectory of the undocumented population.
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August 11, 2011
With Congress in recess and our lawmakers now back in their districts, there is presumably a slight chance of meeting one of them in the street. If, like me, your representative in the House is not of your political persuasion – mine, Virginia Foxx, most definitely is not –
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July 29, 2011
In the famous Monty Python parrot sketch, John Cleese’s understandable outrage at being sold a Norwegian Blue that was actually “stone dead” as he put it, does not get him a new bird. What it does get him – from the Michael Palin character who originally sold it to him – is a barrage of. . .
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