“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.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
Laurence Lewis, aka Turkana: The Political Fights the President Chooses
When a president tells Congressional members of his own party that his presidency depends on a bill’s passage, said president is holding back nothing. He is laying himself bare. That President Obama reportedly did so for the extension of the Bush tax cuts, the first-ever reduction in Social Security funding, and but a year’s worth of unemployment benefits, reveals his political desperation. It also puts the lie to the claim often made by some of the president’s most ardent defenders that he is at the mercy of a broken Congress, that a president can’t or shouldn’t interpose in the process of legislating. A president can and should, and every president has. And this president does. As he just did. Now, for this bill.
This bill is not the saviour of the Obama presidency. It could be the beginning of its end. From the day of the inauguration, if any single bill was going to have the greatest impact on the success or failure of the Obama presidency, it was going to come early and it was going to be on the economy. Not this bill. The stimulus bill. The president’s first opportunity to do something about the disaster he inherited from Bush and Reagan and Milton Friedman. That was when he should have used every means at his disposal to enact what would come to define his first, and possibly only, term in office. He was enormously popular. His predecessor was enormously unpopular. People were scared. They knew something fundamental was broken. They were ready for transformational change. They believed in change. They had the audacity of hope.
Nouriel Roubini: How To Save Europe
How the Continent’s stronger economies can rescue its weaker ones.
After the Greek and Irish crises and the spread of financial contagion to Portugal, Spain, and possibly even Italy, the eurozone is now in a serious crisis. There are three possible scenarios: muddle through, based on the current approach of “lend and pray”; breakup, with disorderly debt restructurings and possible exit of weaker members; and greater integration, implying some form of fiscal union.
The muddle-through scenario-with financing provided to member states in distress (conditional on fiscal adjustment and structural reforms), in the hope that they are illiquid but solvent-is an unstable disequilibrium. Indeed, it could lead to the disorderly breakup scenario if institutional reforms and other policies leading to closer integration and restoration of growth in the eurozone’s periphery are not implemented soon.
Sen. Al Franken: The Most Important Free Speech Issue of Our Time
This Tuesday is an important day in the fight to save the Internet.
As a source of innovation, an engine of our economy, and a forum for our political discourse, the Internet can only work if it’s a truly level playing field. Small businesses should have the same ability to reach customers as powerful corporations. A blogger should have the same ability to find an audience as a media conglomerate.
This principle is called “net neutrality” — and it’s under attack. Internet service giants like Comcast and Verizon want to offer premium and privileged access to the Internet for corporations who can afford to pay for it.
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