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...January 12, NPR broadcast an interview given by the neoconservative economist N. Gregory Mankiw, the former chair of President Bush’s Council of Economic Advisors and professor at Harvard University. I agree with Dr. Mankiw’s support for free trade and his expression of disappointment that the Republican-controlled Congress did not reform Fannie Mae and Freddie Mac. However, most of his ideas are precisely what led to our country’s current economic disaster...

Author: By Thomas J. Donahue | Title: More of the Same Neocons | 2/24/2009 | See Source »

...During the interview, Mankiw proposed that lower taxes, rather than paying for infrastructure development, would be better for the economy. During the interview, he maintained that we should go slowly when creating infrastructure projects. Investments in building roads, a better national electric grid, new green industries, quality education that is free to everyone, and other infrastructure investments will create jobs and increase our national income, because employed people pay taxes instead of collecting unemployment or welfare. Infrastructure development creates real long-term wealth, not just higher stock prices based on complex unregulated security transactions...

Author: By Thomas J. Donahue | Title: More of the Same Neocons | 2/24/2009 | See Source »

...been a busy few weeks for Steele. Earlier this month, he drew headlines over a former aide's allegations about questionable spending of funds for a failed U.S. Senate campaign. Then, in a Washington Times interview published Thursday, he said, "We want to convey that the modern-day GOP looks like the conservative party that stands on principles. But we want to apply them to urban-suburban hip-hop settings." It's hard to imagine that the party of Lincoln could somehow include Lil' Wayne and Lil' Kim - and the hip-hop strategy was seen by some as patronizing...

Author: /time Magazine | Title: Can Michael Steele Broaden the Grand Old Party? | 2/24/2009 | See Source »

...himself in the delicate position of having to speak candidly to the American people about the current problems - which, at least with the banking sector, appear to be getting even worse - without aggravating those problems by lowering the national mood further. President Clinton recently explained the balance in an interview with ABC News. "I like trying to educate the American people about the dimensions and scope of this economic crisis," Clinton said. "I just would end by saying that he is hopeful and completely convinced we're going to come through this." Obama will almost certainly demonstrate that sentiment...

Author: /time Magazine | Title: Five Things to Look For in Obama's Speech | 2/24/2009 | See Source »

...rights atrocities back in their homeland. Only one has provided Colombian prosecutors with extensive testimony, though teams from the Colombian attorney general's office are in the U.S. this week to try again. "The investigations lost a lot of momentum because it became much harder for the Colombians to interview the paramilitaries," says Maria McFarland of Human Rights Watch in Washington...

Author: /time Magazine | Title: Colombia's Drug Extraditions: Are They Worth It? | 2/24/2009 | See Source »

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