March 11, 2009
Tnr Slideshow: Our Favorite Feuds
Why worry about unemployment, the healthcare crisis, or the broken financial system when you can take down an ailing Supreme Court Justice, a Republican Barbie, or the ever-mockable Michael Steele? Sometimes it helps to let off a little steam--especially in Washington. Just in time for Thursday night's face-off between Jim Cramer and Jon Stewart on The Daily Show, we bring you a lineup of our favorite feuds from the past few weeks in today's TNR slideshow. --Katie Koch
Nobody Home At Tarp
The Government Accountability Office has a new report out on the Troubled Asset Relief Program. Fans of the GAO--come on, you're out there--will remember the bodice-ripper "Troubled Asset Relief Program: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency," released in December.
Amity Shlaes Sees Very Few Movies
From Shlaes's Bloomberg column: Every administration has its movie. George W. Bush seemed too often on the wrong side of guerrilla warfare in “The Battle of Algiers.” Bill Clinton mixed business and pleasure with the predictably messy results of “The Apartment.” Now Barack Obama has dropped us all into “The Matrix.” In the Obama Era, it seems, we all pick our way through anxious lives that have something to do with software. Like Keanu Reeves’s Neo, we realize hour-to-hour that we are being manipulated by a system that has its own larger plan.
Barack's Too-long Wish List
A surprised Rudolph Penner, assistant director of President Ford's OMB and later a CBO director, offered a blunt assessment of the new president: "[He] has proposed a huge restructuring of government, and people are actually taking him seriously. The man ...
March 10, 2009
Click here to read Part 7: Diplomacy, Not Regime Change.Click here for links to each part of the conversation. From: Eric Reeves To: Alex de Waal, Richard Just, Andrew Natsios, Elizabeth Rubin, Alan WolfeIn response to Alan Wolfe’s query about whether I’m happy with the ICC’s decision to issue a warrant for crimes against humanity but not genocide, I think it’s important to recall just how serious the designation “crimes against humanity” is in international law.
Click here to read Part 8: The ICC's Botched Decision--And Why Obama Should Support It.Click here for links to each part of the conversation. From: Alan Wolfe To: Alex de Waal, Richard Just, Andrew Natsios, Eric Reeves, Elizabeth RubinAlex de Waal would like this discussion to get back to the concrete, specifically to the question of what the Obama administration ought to do about Darfur. But to answer that question, we first have to know what we are dealing with, since any effective policy depends upon a correct definition of the situation. What then are we dealing with? A civil war?
Is Nationalization Even Legal?
Via Andrew, I see Time's razor sharp economics columnist, Justin Fox, has some questions about whether the government could seize a bank like Citi even if it wanted to: FDIC chairman Sheila Bair doesn't think a full government takeover of Citigroup and other multinational financial institutions is practical or even possible. Here are her reasons, as summarized by Pete Davis: 1. The legal authority to take over large banks does not currently extend to multinational financial conglomerates;2. The FDIC lacks the funding to conduct such a massive bailout;3.
Harold Pollack is a public health policy researcher at the University of Chicago's School of Social Service Administration, where he is faculty chair of the Center for Health Administration Studies. He is a regular contributor to The Treatment. Health care advocates are watching politicians for signs for what of elements of reform they will jettison in order to win the all-important, filbuster-proof majority of 60 votes in the Senate. And probably no single element looks more vulnerable right now that the proposal to create a public insurance plan, into which anybody could enroll.
Today's Journal reports that the government is already looking into plan B D for Citigroup, which could include the dread "bad bank," in which the government strips out Citi's toxic assets and tries to sell them at a profit later on: Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if its problems mount, according to people familiar with the matter.
The Boston Globe's Peter Canellos has a smart piece explaining the unlikely resurgence of Mitt Romney: The former head of a private-equity firm, Romney has been one of the few Republicans to go beyond anti-pork rhetoric and talk in depth about economic issues. Last month, he smartly cast his lot with his friend, former eBay impresario Meg Whitman, who is running for governor of California as an entrepreneurial savior.