A critical response to Jason Furman's "Post-Neoliberal Delusion and the Tragedy of Bidenomics," that dives into both the administration and ideas of the past 4 years.
This is all so dumb—we hemorrhaged manufacturing jobs to China from 2002-2009 in the aftermath of China into the WTO!! From 2005-2008 CPI was significantly elevated peaking at 5.6% in July 2008 because of high energy prices due to the commodity super cycle what was led by China!! The Global Financial Crisis happened in that context!! The GFC happened because lower class disposable income was being degraded by inflation while the China Shock was undermining the job market!! Neoliberalism failed!! WTF is Furman even talking about??
Finding Rortybomb again, after years of reading the good old blog, and then trying to find it via Roosevelt, brings me some joy as I find that Mike Konczal is again sharing with a wide audience.
And, like many others, when I read Thurman's take on the Biden administrations work, I was pretty well shocked. I appreciated Jared Bernstein's reply, but herein I find a reply that actually levels the playing field by filling in the relevant spaces that were previously left in the dark. Reminding us all that those damn details ultimately strike back and criticism that's off base ends badly.
This is all so dumb—we hemorrhaged manufacturing jobs to China from 2002-2009 in the aftermath of China into the WTO!! From 2005-2008 CPI was significantly elevated peaking at 5.6% in July 2008 because of high energy prices due to the commodity super cycle what was led by China!! The Global Financial Crisis happened in that context!! The GFC happened because lower class disposable income was being degraded by inflation while the China Shock was undermining the job market!! Neoliberalism failed!! WTF is Furman even talking about??
Finding Rortybomb again, after years of reading the good old blog, and then trying to find it via Roosevelt, brings me some joy as I find that Mike Konczal is again sharing with a wide audience.
And, like many others, when I read Thurman's take on the Biden administrations work, I was pretty well shocked. I appreciated Jared Bernstein's reply, but herein I find a reply that actually levels the playing field by filling in the relevant spaces that were previously left in the dark. Reminding us all that those damn details ultimately strike back and criticism that's off base ends badly.