Josh Marshall on Ted "Joe McCarthy" Cruz: Good Luck With That: "Ted Cruz’s supporters are busily trying to defend or massage or explain away his claim that when he was at Harvard Law School in the mid-90s there were a dozen members of the faculty 'who would say they were Marxists who believed in the Communists overthrowing the United States government'…. [The] argument? Well, saying that there were people who supported 'overthrowing the United States government was a "rhetorical flourish"'. And what about Charles Fried, the Republican and former Solicitor General under Ronald Reagan, who criticized Cruz’s bogus claim? Well, he’s 'become a vocal spokesman for all things Obama'. Look…. I know all about professorial armchair radicalism. I was a big mocker of it…. But Cruz didn’t say there were a bunch of… professors professing a hyper-intellectualized and anemic critical studies variant of Marxism there. He said there were a dozen professors there 'who would say they were Marxists who believed in the Communists overthrowing the United States government'. You can’t just run away from those words or massage them out of existence. If I say someone’s a child molester I can’t fall back and say, ‘Hey, I just meant they’re not a good parent. I didn’t mean they’re actually a child molester. That’s was just hyperbole to drive home the point.’ That’s a very specific and clearly false claim that Cruz made because it was red meat for his audience even though he knew it was not true. It was a lie. That makes Cruz a liar and a smear artist. But then we knew that from his role in the Hagel hearings."
William Z. Ripley (1927): Main Street and Wall Street
Ezra Klein: Ben Bernanke to Congress: You’re doing it wrong: "Matt Yglesias notes that there seem to be no serious monetary policy doves in Congress. When Federal Reserve Chairman Ben Bernanke heads to the Hill, he gets either softballs from seemingly disinterested Democrats or tough questions from Republicans who favor tighter monetary policy."