Barack Obama consistently takes an offstage approach to presidential leadership. Is it serving him well?
The Austerity Delusion
Portugal’s government has just fallen in a dispute over austerity proposals. Irish bond yields have topped 10 percent for the first time. And the British government has just marked its economic forecast down and its deficit forecast up.
What do these events have in common? They’re all evidence that slashing spending in the face of high unemployment is a mistake. Austerity advocates predicted that spending cuts would bring quick dividends in the form of rising confidence, and that there would be few, if any, adverse effects on growth and jobs; but they were wrong.
It’s too bad, then, that these days you’re not considered serious in Washington unless you profess allegiance to the same doctrine that’s failing so dismally in Europe.Pentagon spends billions to fight roadside bombs, with little success
IRS Drastically Increases Its Audits Of America's Richest Taxpayers
Why Koch Industries Is Speaking Out
The Price of Taxing the Rich: The top 1% of earners fill the coffers of states like California and New York during a boom—and leave them starved for revenue in a bust.
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