There was big news yesterday out of the financial-crisis book industry: Former Treasury Secretary Tim Geithner has inked a deal with the Crown imprint of Random House. READ MORE >>
The Press Has Turned on Paul Ryan
His budget made the big mistake of betraying his cynicism
The rollout of Paul Ryan’s new budget this week was not one of the congressman’s better moments. In addition to the entirely apt uproar on the left about the cruelty of his cuts and the dodginess of his reasoning, Ryan took an unusual amount of flak from the right. READ MORE >>
Last night, Barack Obama bowed to establishment convention and had what must have been a torturous dinner with twelve Republican senators. READ MORE >>
I have a confession to make: I'm a big fan of John Boehner. One of his very few, it turns out. The White House complains that Boehner's near-total ignorance of policy makes him impossible to negotiate with, and that it's pointless to deal with him anyway, since he exerts zero control over his members. Pundits deride him as strategically inept, constantly backing himself into corners from which there's no obvious escape. READ MORE >>
On his third day at Stanford, Aaron Swartz forced himself to attend a party. He wasn’t interested in having a good time—in fact, crowds of strangers made him anxious. He merely wanted to document the mating rituals of the “teenager,” a species that alternatively mystified and horrified him. READ MORE >>
The Inside Story of Why Aaron Swartz Broke Into MIT and JSTOR
The Italian retreat that radicalized the Internet prodigy
Despite the many hundreds of thousands of words that have been written about Aaron Swartz since his suicide last month, there remain a number of unanswered questions about the life of the computer-prodigy-turned-political-activist. READ MORE >>
What are we to make of Tim Geithner on his last day as Treasury Secretary? For my money, the story that best gets at his essential Geithner-ness took place in the second half of 2009, when the recently-bailed out banks were back to making staggering profits even though unemployment was 10 percent. The public was furious over this disparity, which naturally caught the attention of Rahm Emanuel, the White House chief of staff. And so Emanuel gathered the president’s top political and economic advisers to figure out what to do about it. READ MORE >>
It's Not a Fever! How Obama Can Break the House Republicans
Earlier this week Politico ran a piece about the mood of the House GOP that was highly revealing, if not quite the way the authors intended. The supposed take-away was that conservatives are so amped up and ornery they won’t think twice about leaving the debt ceiling where it is, consequences be damned. “GOP officials said more than half of their members are prepared to allow default unless Obama agrees to dramatic cuts he has repeatedly said he opposes,” the piece warned. Which is to say, pretty much the standard meshugas we’ve come to expect from John Boehner's nuthouse.But when you read between the lines of the Politico piece, the thinking of House Republicans looked a lot more rational. The upshot seemed to be that Boehner won’t let the government default on its liabilities, and that his members will settle for something much less damaging – a government shutdown – if they don’t get the cuts they want. (They will have the opportunity to engineer this a few weeks after the likely debt ceiling vote, when Congress has to pass a bill funding the government for the rest of the year.) “[Boehner] may need a shutdown just to get it out of their system,” a GOP leadership adviser told Politico, “so they have an endgame and can show their constituents they’re fighting.” The quote was meant to be ominous but was actually quite reassuring. Ever since November, Washington has marveled at the “fever” the president hoped his re-election would break. House Republicans announced it was emphatically not broken when they resisted tax hikes until the grisly end of the fiscal cliff negotiations. But the fact that the deal got done at all suggests “fever” isn’t quite the right metaphor, at least not for most of the party. Yes, there are lunatics in the House of Representatives. And, yes, their lunacy isn’t likely to fade anytime soon. But the good news is that it doesn’t have to in order for the government to function. READ MORE >>
