John B. Judis
Case for deficits (continued)
November 25, 2009
In my column today, I posed the question of whether the Fed’s infusion of cash, and near-zero interest rates were inspiring bank lending to businesses. On the basis of the Fed’s quarterly interviews with loan officers, I concluded that its measures had not. Today, there is further evidence – from the Federal Deposit Insurance Corporation (FDIC) quarterly report on bank practices. According to the FDIC, commercial and industrial loans declined by 6.5 percent from the second to third quarter of 2009 and by a whopping 15.1 percent from the third quarter of 2008. That suggests, again, that the nor
The Case for Deficit Spending
November 25, 2009
If there was one thing that seemed certain about the Obama administration, it was their commitment to Keynesian deficit spending to boost the economy out of its slump. But Keynes beware: With unemployment at a whopping 10.2 percent, and probably rising, the White House has begun trumpeting its commitment to Hoover-style deficit busting. On November 13, the White House warned cabinet departments of a spending freeze. The next week, while in China, Barack Obama told an interviewer the United States could suffer from a “double-dip recession” if it didn’t restrain public debt.
Obama in Seoul: My Problem with Foreign News
November 19, 2009
I used to be the foreign editor of In These Times in Chicago. I didn’t particularly enjoy the job, because I have never been fascinated with the world outside of the United States. I am not sure whether I could find Honduras or Liberia on a map, and I have never mastered the current spelling of Chinese names.
Fort Hood and Terrorism (Continued and Continued)
November 18, 2009
In my discussion with Jason Zengerle about Nidal Hasan’s killing of his fellow soldiers at Fort Hood, I insisted that “we need to know a little more than we do” before branding him a terrorist. Well, we still don’t know enough, and will certainly know more if and when Hasan goes to trial, but I think the latest reports on his contacts with Yemeni-American cleric Anwar al-Aulaqi point toward a conclusion, which is that he was not a terrorist. According to Washington Post reporter Spencer Hsu, Hasan, who had attended Aulaqi’s mosque eight years ago, reintroduced himself to the radical cleric a
November 17, 2009
I was struck by the question that Mark Penn asks in his column, “Turning to the left or the center?” What would public relations executive and former Clinton advisor Penn, who claims to represent the political center, have to say about the choices facing the Obama administration? Penn is no dummy, and I was not disappointed.
Response to My Anti-Statism Article
November 11, 2009
I got an email from an old friend, Joel Parker, who is an international vice president of the Transportation Communications Union, and one of the smartest people I know. It's a response to my article on anti-Statism in America that has been on the site today. I am reproducing it for its criticisms rather than its compliments, which bear not only on what I wrote but also on our continuing discussion of the health care bill. Just read your latest TNR piece on anti-government sentiment. I thought it was excellent, and agreed with its central point.
November 11, 2009
Who belongs to unions? It’s obvious, isn’t it--primarily, low-income, unskilled workers who, in the absence of unionization, would be collecting food stamps. Actually, that’s not an accurate picture, as a new report from Center for Economic and Policy Research shows. The report, written by John Schmitt and Kris Warner, shows that in the last twenty-five years, the proportion of unionized workers with college-degrees has gone from 20.4 to 37.5 percent. If you add workers who have attended but not graduated from college, you have 66.4 percent of the unionized workforce. Or to look at it in the
Anti-Statism in America
November 11, 2009
Anyone who has followed closely the debate over national health insurance has probably noticed some peculiar inconsistencies in Americans’ attitudes toward the legislation. A Pew Poll released on October 8 found “steady support” for specific elements of the health care plan, including the public alternative to private insurance, the employer mandate, and the requirement that everyone have insurance. Nonetheless, popular support for the plan itself was declining, with 34 percent “generally [in] favor” and 47 percent “generally opposed.” What accounts for this disparity?
November 10, 2009
When I clicked on Amazon this morning to find out about a book, I was informed that a book was about to appear that was tailor-made for my tastes: Going Rogue: An American Life by Sarah Palin. When I clicked on the button to “fix this recommendation,” I was informed that Amazon had recommended Palin’s book because I had once purchased Sanford Horwitt’s excellent biography of Saul Alinsky. OK, here is today’s contest: Sarah Palin is to Saul Alinsky as what or who is to what or who. You fill in the blanks. I spent ten minutes trying to do so, and gave up.
Debating the Health Care Bill
November 09, 2009
I had a friend visiting me this weekend who had fervently backed Barack Obama for President (against the “devil-woman” Hillary), but who now thinks Obama has betrayed his followers – most recently by agreeing to disastrous compromises in the health insurance bill.