Hey look at that, smart people are asking the same thing!
Derek Thompson is a senior editor at The Atlantic, where he oversees the Business Channel. More
Thompson has written for Slate, BusinessWeek, and the Daily Beast. He has also appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.
Why is an unemployed person in California more worthy of help than an unemployed person in Nebraska?
We cannot permit weak regulation of government-sponsored enterprises like Fannie Mae and Freddie Mac that accumulate trillions of dollars of exposure that is implicitly backed by the taxpayer.To be sure, cryptic maxims are de rigueur in sweeping policy speeches. But what is Geithner actually saying? Is the thing "we cannot permit" (1) the weak regulation of the government-sponsored enterprises (GSEs), or is it (2) their very existence?
Fiscally, [health care reform] is about keeping health care inflation from running away with an ever-increasing percent of government spending.A couple commenters took me to task. How could I say that health care reform would curb health care inflation when most of the current plans' are projected to add to our long-term debt?
As economies escape the grips of recession, the pressure to work together appears to be lessening.
National self-interest is reasserting itself. That includes a desire to protect battered home industries from overseas competition as governments look toward the day when they can dial back stimulus measures such as extra government spending and low interest rates.
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