25 January 2009

Keep track of Obama's campaign promises

Campaign promises should always be taken with a grain of salt. They can be a good indicator of someone's priorities, but it is inevitable for various reasons that some things don't happen. Just the same, here's an interesting website that keeps track of Obama's campaign promises and their fulfillment status. So far, so good I think.
Full Post

Bill Gates is a good guy

Video
Full Post

23 January 2009

21 January 2009

Yay! I have high expected earnings . . .

Why Major in Economics?
Full Post

Elders Uchdorf and Ballard on the inauguration

LDS leaders feel 'deep emotion' at inauguration

I can't help but love how German the Uchtdorfs are (I don't really know how to explain it . . . or more like emotion in general).
At Tuesday's inauguration, the Uchtdorfs found themselves seated next to an African-American couple. "When the oath was taken, this lady next to her (Sister Uchtdorf) just embraced her and gave her a kiss with tears running down," said President Uchtdorf, adding that the emotions he sensed over the two days were not simply the result of the massive numbers witnessing nor the racially historic moment, but rather a sense of graciousness displayed by a free democracy.
Anyway, I recommend the article.
Full Post

Krugman the Buzz Killer

Shared Responsibility

Barack Obama, 2009:

What is required of us now is a new era of responsibility - a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task.

George W. Bush, 2000:

A hundred years from now, this must not be remembered as an age rich in possessions and poor in ideals.

Instead, we must usher in an era of responsibility.

Bill Clinton, 1993:

We must do what America does best: offer more opportunity to all and demand responsibility from all.

It is time to break the bad habit of expecting something for nothing, from our government or from each other. Let us all take more responsibility, not only for ourselves and our families but for our communities and our country.


Also:
Give me some men who are half-hearted men . . .
The Vanishing muddle
Full Post

13 January 2009

Krugman on the government spending multiplier

Bang for the buck
Full Post

Small-Government Egalitarianism

Some good thoughts here from Edward Glaeser which appeal to me. I still think this is a good time to get good infrastructure projects built. Also, tax reductions, even payroll tax reductions, don't do much to help the unemployed. I'd like to see an expansion of the Earned Income Tax Credit to help those between "good" jobs, expanded retraining and education spending to help reconfigure displaced workers for useful work, and health care reform to bring down costs and make basic coverage more available (a way to create larger insurance pools, such as Obama's proposal to allow people to buy into a government plan, allowing the government to use its power to bargain with drug companies, and to not spend so much on the expensive and often futile treatments for the ailments of the elderly are good places to start).
Full Post

12 January 2009

Stimulus: tax cuts or government spending?

These posts from Mark Thoma and the articles they link to are probably the best easily-read summary of the current debate from the Keynesians (Krugman, DeLong, Thoma, and others), and the self-hating Republican Keynesians (Greg Mankiw). I don't see myself as ignorant on the subject, but I also don't pretend to know enough to make any kind of really good judgement call. Nevertheless, I tend toward the government spending side of the debate (oh, like you've never agreed with something you didn't 100% understand because of your personal ideological tendencies).

I do understand Mankiw's point that spending should meet a cost/benefit analysis. Our national infrustructure could use some work . . . smart electric grid and bullet train system anyone? How about health care reform?
Full Post