7 Epic Congressional Fails

7 Epic Congressional Fails

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Whoops! I forgot to post this on Monday. The nice weather is making me dumb.

Besides a critique of those ever-present listicles, this is a hodgepodge of news I missed while Boston was engrossed in Marathon madness.

Austerity is bunk, and its biggest advocates, Reinhart and Rogoff, are being pretty petulant about being exposed as lazy hacks. I’m glad it happened, but it shouldn’t have taken a grad student at UMass to expose this fraud. Anyone who watched even a shitty History Channel documentary about the Great Depression could tell you that when they tried austerity in 1937, it killed the recovery. Things didn’t improve until WWII happened. Government deficit spending came back in vogue, without anyone having to admit that austerity was a really bad idea.

I could post articles for every other panel, but it’s Wednesday and I’m busy writing next Sunday’s cartoon. In conclusion, I hate Congress.

Lost: Issues

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Look at me getting all holier-than-thou at the peak of election season. But no mention of climate change in the first three debates is pretty egregious. I know there are many more important issues I left out, but hopefully I can get to them when things go back to their regular level of crazy after the election

Austerity Fever

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Europe’s dumb austerity experiment seems to finally be coming to a close. It’s the exact opposite of what should be done in a massive recession, but fat chance seeing the Keynesian spending necessary to pull the global economy out of this gigantic hole. We’ll most likely see a return to the pre-recession status quo and an anemic recovery that lasts for the next decade. Fun!