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Figure of the Day: Slow Forecast Recovery

Four Things Worth Reading, Mostly Economics, for April 3, 2010

  1. Levy: "If Israel had a real peace camp, if the silent majority had broken its sickly silence, if more Israelis approached the situation as a collective rather than individuals yearning for the next holiday or car, if more Israelis refused to accept blindly the deceptions of Israeli diplomacy and propaganda, Rabin Square would have been filled with demonstrators yesterday. Among the banners and flags, one sign would have stood out in this hour of risks and fateful decisions: "Thank you, friend." Thank you, Barack Obama, friend of Israel..."
  2. Krugman: "Jon Chait has a post about a conservative misinformation campaign involving a truncated quote from Barney Frank — something to which I can relate. In this case, the estimate Mr. Frank was saying that we need to expand regulation of runaway financial institutions, and this was clipped to make it seem as if he was calling for bigger government across the board... the willingness of right-wingers to believe this particular myth has a lot to do with projection. On the right, people are for smaller government... for its own sake. And so they naturally imagine that their opponents must be their mirror image, wanting bigger government as a goal in itself. But it’s not true. I don’t know any progressives who gloat over increases in the federal payroll or the government share of GDP. Progressives have things they want the government to do — like guaranteeing health care. Size per se doesn’t matter. But people on the right apparently can’t get that."

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