“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
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Paul Krugman: The Mutilated Economy
Five years and eleven months have now passed since the U.S. economy entered recession. Officially, that recession ended in the middle of 2009, but nobody would argue that we’ve had anything like a full recovery. Official unemployment remains high, and it would be much higher if so many people hadn’t dropped out of the labor force. Long-term unemployment – the number of people who have been out of work for six months or more – is four times what it was before the recession. [..]
The bitter irony, then, is that it turns out that by failing to address unemployment, we have, in fact, been sacrificing the future, too. What passes these days for sound policy is in fact a form of economic self-mutilation, which will cripple America for many years to come. Or so say researchers from the Federal Reserve, and I’m sorry to say that I believe them.
New York Times Editorial Board: Judge Scheindlin’s Case
The United States Court of Appeals for the Second Circuit erred badly last week when it stayed the remedies ordered by Judge Shira Scheindlin of Federal District Court to correct the civil rights violations associated with New York City’s stop-and-frisk policy, including an independent monitor to review police practices. It also unjustly damaged Judge Scheindlin’s reputation when it removed her from the case.
A motion filed on Wednesday by Judge Scheindlin’s lawyers seeks to have her removal vacated. The motion offers a strong argument that the three-judge panel moved with unseemly haste, acted on a skewed reading of the evidence and violated a court rule that gives judges accused of misconduct the opportunity to defend themselves. The appeals panel said Judge Scheindlin violated a rule requiring judges to avoid the appearance of impropriety and improperly used the assignment process that led her to preside over three stop-and-frisk cases.
ASK most people in this city what the most important step is to increasing economic growth and job creation, and they’ll reply, “Reduce the budget deficit!”
They’re wrong. So-called austerity measures – lowering budget deficits while the economy is still weak – have been shown both here and in Europe to be precisely the wrong medicine. But they could be on to something important if they popped the word “trade” into that sentence.
Simply put, lowering the budget deficit right now leads to slower growth. But reducing the trade deficit would have the opposite effect. Not only that, but by increasing growth and getting more people back to work in higher-than-average value-added jobs, a lower trade deficit would itself help to reduce the budget deficit.
Robert Kuttner: Fruits of Republican Folly
The Republicans badly damaged themselves with their contrived government shutdown and debt crisis, but it remains for the Democrats to drive home their advantage. Will they?
Based on the cost to the Republican brand and the pressure from corporate elites not to harm the economy, the days of shutdowns and games with the debt are probably over for the foreseeable future. If the Tea Party faction tries to repeat these maneuvers, House Speaker John Boehner would likely permit a free vote again, and enough Republicans would vote with Democrats to keep the government open.
The Republicans seem hopelessly split between a Tea Party faction that relishes governing crises and a more mannered corporate faction that kills government softly. But the GOP is still one party when it comes to destroying government as a constructive force in the economy and society.
Tom Hayden: Bill de Blasio: Harbinger of a New Populist Left in America
Strong stances on inequality and policing underpin the New York mayor’s win. If he holds true, he can shift the national debate
The overwhelming support of New York City voters for Bill de Blasio is the latest sign of the shift towards a new populist left in America. De Blasio owes his unexpected tailwind to campaigning on issues considered by insiders to be too polarizing for winning politics.
One is De Blasio’s promise to redress the “tale of two cities” inequalities among New Yorkers, an issue forced into mainstream discourse by the 2011 Occupy Wall Street movement – not by New York Democrats aligned with Wall Street. The other is De Blasio’s pledge to sharply curb police stop-and-frisk policies directed against young people of color – aggressive tactics favored by a majority of white voters and overwhelmingly criticized by African Americans, Latinos and Asian-American voters.
Despite its Democratic voter majority, New York in recent decades has been the political stronghold of the plutocratic Mayor Michael Bloomberg and, before him, the abrasive law-and-order Mayor Rudolph Giuliani – both Republicans with national, even global, reach. Democrats have lacked a progressive voice on the national stage of American politics often provided by the New York mayor’s office – until now.
Bob Dreyfuss: Losing Friends, Influencing No One, and Alienating the Middle East
Put in context, the simultaneous raids in Libya and Somalia last month, targeting an alleged al-Qaeda fugitive and an alleged kingpin of the al-Shabab Islamist movement, were less a sign of America’s awesome might than two minor exceptions that proved an emerging rule: namely, that the power, prestige, and influence of the United States in the broader Middle East and its ability to shape events there is in a death spiral.
Twelve years after the U.S. invaded Afghanistan to topple the Taliban and a decade after the misguided invasion of Iraq-both designed to consolidate and expand America’s regional clout by removing adversaries-Washington’s actual standing in country after country, including its chief allies in the region, has never been weaker. Though President Obama can order raids virtually anywhere using Special Operations forces, and though he can strike willy-nilly in targeted killing actions by calling in the Predator and Reaper drones, he has become the Rodney Dangerfield of the Middle East. Not only does no one there respect the United States, but no one really fears it, either-and increasingly, no one pays it any mind at all.
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