Sunday, December 19, 2010
Wednesday, November 3, 2010
Monday, November 1, 2010
Saturday, October 23, 2010
Doug J, the business and economics editor of Balloon Juice, has post up about how he moved to the left. In the that spirit here is the brief narrative of how I moved leftward.
Ten years ago I was a moderate above the fray type. Three things moved me to the left. The first was the war on terror. Everything from the idiocy and petty abuses of theand Homeland Security, to the wholesale torture and destruction of our values that went on in Abu Ghraib and Gitmo, to the murderous delusions of Iraq led to realize the peaceniks and hippies are right
The second event that moved me to left was taking a job in the healthcare industry. Once I saw how the patchwork system of private insurance and for-profit healthcare hindered caring for the sick as much, if not more, then it helped then I wanted a system of universal healthcare.
The final event was the economic crisis and the exposure of what thirty years of conservative ad neo-liberal policies did to the middle and working classes moved me even further to the left.
These three events, plus my theological liberalism leading me to oppose and detest evangelical fundamentalism, is what led me to move firmly to the left
Sunday, October 3, 2010
Sunday, September 26, 2010
Saturday, September 25, 2010
Tuesday, September 7, 2010
Monday, September 6, 2010
Sunday, August 22, 2010
Thursday, August 19, 2010
Tuesday, August 10, 2010
Wednesday, August 4, 2010
Tuesday, July 27, 2010
Sunday, July 18, 2010
Tuesday, May 18, 2010
Monday, May 17, 2010
This is not Woodward's most engaging book and it is good thing it is one of his shortest. Unless you are just enamred with in depth reporting on the Fed meetings and the debates over 1/4 percentage points in the interest rates.
The past couple of years have not been kind to Greenspan's record and if Woodward had been willing to engage more deeply we might have a book that could serve as a record of penetrating foresight. Woodward explains Greensapn's upbringing as an acolyte of Ayn Rand and often talks about his belief in an almost unregulated market as the answer to almost any problem Woodward's weekness comes in exploring those ideas; he treats his intellectual roots as a fact of his life.
Woodward also fails to examine the American boon he mentions in his book's subtitle. What was the American boom like? Woodward never explains except in terms of the stock market. During this period the gap between wealthy and poor increased and much of the boom was financed by debt. Woodward also goes to great lengths to explain that one of the great conundrums of Greenspan's time dealth with an increse in productivity. By eventually figuring that workers were producing more but not getting paid more, Greenspan effectivly managed the changes in the encomy and helped Wall Street and U.S. Treasury but Woodward never explains how boom that fails to increase worker's wages is really a boom. Woodward's title builds the expectation that there will be a telling of the story of the boom but their is no indication how average Americans experienced the boom.
I am not really impressed with Greenspan even though Woodward really wants me to be as enamored with Greenspan as he is. Woodward makes it clear that Greenspan is not the all knowing oracle that myth makes him out to be. He often does not understand what is going and sometimes appears to have gotten lucky at times with the economy. This, of course, is Woodward's biggest failing. He mistakes luck for expertise and minuta for in depth understanding.