The Economy: Meet the Good News, Same As the Bad News

Paul Krugman, "Too Little of a Good Thing

The good news is that the American Recovery and Reinvestment Act, a k a the Obama stimulus plan, is working just about the way textbook macroeconomics said it would. But that's also the bad news — because the same textbook analysis says that the stimulus was far too small given the scale of our economic problems. Unless something changes drastically, we're looking at many years of high unemployment.

And the really bad news is that "centrists" in Congress aren't able or willing to draw the obvious conclusion, which is that we need a lot more federal spending on job creation ....

.... Last week's G.D.P. report showed the economy growing again, at a better-than-expected annual rate of 3.5 percent. As Mark Zandi of Moody's Economy.com put it in recent testimony, "The stimulus is doing what it was supposed to do: short-circuit the recession and spur recovery."

But it's not doing enough ....

.... What I keep hearing from Washington is one of two arguments: either (1) the stimulus has failed, unemployment is still rising, so we shouldn't do any more, or (2) the stimulus has succeeded, G.D.P. is growing, so we don't need to do any more. The truth, which is that the stimulus was too little of a good thing — that it helped, but it wasn't big enough — seems to be too complicated for an era of sound-bite politics.

But can we afford to do more? We can't afford not to ....

.... O.K., I know I'm being impractical: major economic programs can't pass Congress without the support of relatively conservative Democrats, and these Democrats have been telling reporters that they have lost their appetite for stimulus.

All in the family?

Richard A. Friedman, M.D., "When Parents Are Too Toxic to Tolerate"

You can divorce an abusive spouse. You can call it quits if your lover mistreats you. But what can you do if the source of your misery is your own parent?

Granted, no parent is perfect. And whining about parental failure, real or not, is practically an American pastime that keeps the therapeutic community dutifully employed.

But just as there are ordinary good-enough parents who mysteriously produce a difficult child, there are some decent people who have the misfortune of having a truly toxic parent.

The captive's tale

David Rohde, "Held By the Taliban".

• Part One: "7 Months, 10 Days in Captivity" (Oct. 17, 2009)


• Part Two: "Inside the Islamic Emirate" (Oct. 18, 2009)


• Part Three: "‘You Have Atomic Bombs, but We Have Suicide Bombers’" (Oct. 19, 2009)


• Part Four: "A Drone Strike and Dwindling Hope" (Oct. 20, 2009)


• Part Five: "A Rope and a Prayer" (Oct. 21, 2009)


• Epilogue: "Epilogue (Oct. 22, 2009

Their own modern, private monarchy?

Mark Steel. "Royal Mail is to blame for our broken society (obviously)".

"The Post office unions can't obstruct modernisation," insists Peter Mandelson. That must be why Mandelson has the thoroughly modern job title of Lord, because he's not afraid to modernise. And no one could accuse his place of work, the House of Lords, of resisting modernisation. Every member of staff is at the cutting edge of new technology, making use of the very latest developments in ermine gowns, and overmanning is unheard of as every single Lord is essential and oozes infectious youthful hereditary energy for the benefit of Britain.

If only the Post Office unions would agree to being that modern, then their sacks would be carried by equerries, and attendance would be around 5 per cent of the workforce, who would take it in turns to stand up with a parcel, shake it for a couple of minutes, then say "Am I delivering this or receiving it, I don't recall?" and sit down again.

Presumably, what is meant by "modernise" is privatised. Then, as they're delivering your mail postmen can say "Would you like a pastry with your bills this morning? No? In that case are you aware I could also supply you with gas?" And each postman could get sponsorship, and cycle along whistling 'You can't get quicker than a Kwik Fit fitter'. Eventually they'll be properly modern, like the water companies who were fined £12m for providing a dreadful service and lying to cover it up, or the hugely popular gas companies

Just Because

(Some links that have been collecting dust.)

• Fish, Stanley. "What Should Colleges Teach?" Think Again. The New York Times. August 24, 2009.


• Krugman, Paul. "How Did Economists Get It So Wrong?" The New York Times. September 6, 2009; page MM36.


• Corbett, Sara. "The Holy Grail of the Unconscious". The New York Times. September 20, 2009; page MM34.

NYT On Bush-Era Lawlessness: A Full Accounting Is the Only Way

The New York Times, "Illegal, and Pointless"

We've known for years that the Bush administration ignored and broke the law repeatedly in the name of national security. It is now clear that many of those programs could have been conducted just as easily within the law — perhaps more effectively and certainly with far less damage to the justice system and to Americans' faith in their government.

That is the inescapable conclusion from a devastating report by the inspectors general of the intelligence and law-enforcement community on President George W. Bush's warrantless wiretapping program. The report shows that the longstanding requirement that the government obtain a warrant was not hindering efforts to gather intelligence on terrorists after the 9/11 attacks. In fact, the argument that the law was an impediment was concocted by White House and Justice Department lawyers after Mr. Bush authorized spying on Americans' international communications ....

.... This is not an isolated case. Once the Bush team got into the habit of breaking the law, it became their operating procedure that any means are justified: ordering the nation's intelligence agents to torture prisoners; sending innocents to be tortured in foreign countries; creating secret prisons where detainees were held illegally without charge ....

.... President Obama has refused to open a full investigation of the many laws that were evaded, twisted or broken — pointlessly and destructively — under Mr. Bush. Mr. Obama should change his mind. A full accounting is the only way to ensure these abuses never happen again.

How Not to Torture

Peter Finn and Joby Warrick, "Detainee's Harsh Treatment Foiled No Plots"

In the end, though, not a single significant plot was foiled as a result of Abu Zubaida's tortured confessions, according to former senior government officials who closely followed the interrogations. Nearly all of the leads attained through the harsh measures quickly evaporated, while most of the useful information from Abu Zubaida -- chiefly names of al-Qaeda members and associates -- was obtained before waterboarding was introduced, they said.

Moreover, within weeks of his capture, U.S. officials had gained evidence that made clear they had misjudged Abu Zubaida. President George W. Bush had publicly described him as "al-Qaeda's chief of operations," and other top officials called him a "trusted associate" of al-Qaeda leader Osama bin Laden and a major figure in the planning of the Sept. 11, 2001, terrorist attacks. None of that was accurate, the new evidence showed.

Abu Zubaida was not even an official member of al-Qaeda, according to a portrait of the man that emerges from court documents and interviews with current and former intelligence, law enforcement and military sources. Rather, he was a "fixer" for radical Muslim ideologues, and he ended up working directly with al-Qaeda only after Sept. 11 -- and that was because the United States stood ready to invade Afghanistan.

(See also, Dan Froomkin, "Bush's Torture Rationale Debunked".)