Are "economic experts" really gratified by French President Francois Hollande's economic policy ideas? The New York Times cites one, but it's not hard to find other economists who offer a very different take.
Let's say you're best known for coming up with a federal budget blueprint that slashed tax rates for the wealthy and proposed big cuts to anti-poverty safety net programs, but now you want to be known as a guy who really cares about fighting poverty. Lucky for you, the Washington Post is here to help.
Before she was a reporter, CNN host Erin Burnett worked on Wall Street. Evidently she still sees things from that perspective. On October 21, Burnett took time on her show OutFront to criticize the Justice Department's reported $13 billion settlement with JPMorgan Chase. The bank is apparently ready to settle over a variety of claims relating to mortgage securities and the 2008 economic collapse. To Burnett, this is the government punishing success–and making the bank pay for things it didn't even do: This is all related to mortgage-backed securities and bad mortgages. It's a hell of a lot of money, […]
Media don't tend to define The Center as "Things Most People Support," because letting people know that most Americans support raising taxes on the wealthy, cutting military spending or providing single-payer healthcare would make the elite political debate seem like it's well to the right of the public.