Obama Budget Speech and Ryan Response

The Obama speech is here. The Ryan response is here and here.

The Republicans were invited and felt betrayed: expecting a bipartisan address, they perceived the speech as a political attack.

But using a veneer of civility to hit below the belt has become an Obama trademark trademar: giving the finger to Hillary during a debate, criticizing SCOTUS to their faces during the State of the Union, and now this.

The Wisdom of Christina Romer

Before she returned to academia after serving as being Obama's chief economic advisor, Romer did much to turn the Great Recession into the prosperity we enjoy today. She has more:

Christina Romer: A Weaker Dollar Is Good For America

In a way, this is consistent with the position that US pre-eminence is illegitimate, so we might as well divest ourselves of both the prerogatives and responsibiliities of a superpower. Next: the Romer-Smoot-Hawley Tariff?

Meanwhile, Joe Stiglitz doesn't know what ails us, but prescribes redistributive taxation anyway.