Dean Baker on Clinton

The Armageddon Caucus by Krugman

article on Elizabeth Warren and the Consumer Financial Protection Bureau

It goes online July 21st.

(via Alyssa Rosenberg)

Michele Bachmann's Holy War by Matt Taibbi

But don't laugh. Don't do it. And don't look her in the eyes; don't let her smile at you. Michele Bachmann, when she turns her head toward the cameras and brandishes her pearls and her ageless, unblemished neckline and her perfect suburban orthodontics in an attempt to reassure the unbeliever of her non-threateningness, is one of the scariest sights in the entire American cultural tableau. She's trying to look like June Cleaver, but she actually looks like the T2 skeleton posing for a passport photo. You will want to laugh, but don't, because the secret of Bachmann's success is that every time you laugh at her, she gets stronger.

George Will Spreads Some Lies About the Economic Crisis by Dean Baker

Says Will,

In 1994, Bill Clinton proposed increasing homeownership through a "partnership" between government and the private sector, principally orchestrated by Fannie Mae, a "government-sponsored enterprise" (GSE). It became a perfect specimen of what such "partnerships" (e.g., General Motors) usually involve: Profits are private, losses are socialized.

Does Will agree that if losses weren't socialized that we would have had another Great Depression? (Next time there won't be bailouts so we'll find out.)

Should profits not be private then? Is that what he's saying?  I'm confused.