April 12, 2011

Round and round

One economist I try to follow is Jeffrey Sachs, director of the Earth Institute at Columbia University. I've learned a lot from several of his works, including a study of how abundance of natural resources affects economic growth, and such books as The End of Poverty and Common Wealth: Economics for a Crowded Planet. (I even used the latter as a textbook in a college class I taught.)

This piece by Sachs in the Huffington Post caught my eye. And this quote jumped off the page:
In the end, we have gotten from President Obama what we feared from Senator McCain: an expanded war in Afghanistan, an extension of the Bush-era tax cuts, sharp cuts in spending for communities and programs for the poor, a continuation of Guantanamo and military tribunals, unchecked bankers' pay and bonuses, and enough loopholes to reduce corporate taxes to less than 2 percent of GDP this year, despite a boom in corporate profits.
Yippee! Not.

That's not the whole story. But, alas, it is part of it.

ALONG THOSE LINES, here's a political rant.

DEALING WITH BULLIES. Capitulation doesn't work too well.

RISKY BUSINESS. The House Republican plan to gut Medicare carries political risks.


FRACK! Marcellus shale drilling methods might wind up polluting more than burning coal.


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