Econ 24-1: Readings for November 4, 2011: Inside the U.S. Government
Last week we looked at the right-wing critique of "activist" fiscal and monetary policies to deal with our current Lesser Depression. The week before that we looked at the Obama administration's initial round of policies through the eyes of our own Christina Romer--and the realization over the course of the Obama administration's first year that its policy moves had been insufficiently bold: constructive half measures, but half measures.
This week we go into the weeds of Washington DC, and try to figure out why the Obama administration and its congressional allies did not undertake a second round of expansionary policies in the period from late 2009 to, well, to today. Why was there no Plan B?
Readings in reverse chronological order from The New York Review of Books--plus my own Huffington Post review of Ron Suskind's interesting (albeit from my perspective badly flawed) Confidence Men.
Robert Johnson (October 13, 2011): Obama: A New Beginning?.
J. Bradford DeLong (September 25, 2011): Review of Ron Suskind's Confidence Men.
Elizabeth Drew (August 18, 2011): What Were They Thinking?.
Michael Tomasky (May 26, 2011): The Budget Battles on Which His Reelection Depends.
Jeff Madrick (April 28, 2011): The Wall Street Leviathan.
Elizabeth Drew (December 23, 2010): In the Bitter New Washington.
John Cassidy (December 9, 2010): The Economy: Why They Failed.
Paul Krugman and Robin Wells (October 14, 2010): The Way Out of the Slump