Economy

Koch Brothers, Private Industry Vilified for Advancing Calif. Initiative Aimed Against Global Warming Act

They cover a lot of bases here but omit any discussion of the environmental movement's international dimensions. Polls shows that the public is evenly divided over a ballot initiative that would suspend California's global warming law until after unemployment falls. Here, the NYT seeks to swing public sentiment by questioning the motives of private donors who are linked in with the Tea Party. A California ballot initiative that could potentially unravel the anti energy policies Gov. Arnold Sc...

Krugman Views Tax Cuts as an “Expensive Proposition” But not “Stimulus” Legislation

American taxpayers are feeling a little nostalgic about former President Bush and his tax cuts. There's no question that they were just what the doctor ordered after the 9/11 terror attacks. But NYT columnist Paul Krugman is opposed to extending the cuts because he sees them as a giveaway to rich. The alternative approach he suggests is quite costly in its own right... Whatever voters may think of former President George W. Bush these days, they think very highly of their disposable income,...

NYT “Green Column” Promotes Renewable Efforts in Australia that Collide with Economic Realities

Supposedly, Australia's ambitious clean energy network will cost households just eight dollars a week over the next ten years, the NYT declares in a recent report. But new studies show that renewable, green technology is quite costly and cannot be sustained without government intervention. These facts go missing from the report... So called renewable energy sources comprise just 6 percent of Australia’s power supplies, but this could change dramatically in the next few years if environmentali...

Krugman’s Attack on Paul Ryan’s “Roadmap” Perpetuates Entitlement Myths

Rep. Paul Ryan (R-Wis.) has offered  a comprehensive, highly detailed plan for financial and economic renewal that has inspired small government activists across the country. It has also earned positive media coverage from left leaning sources that are normally hostile toward free market concepts. But the New York Times is not part of this mix. Columnist Paul Krugman claims Ryan's plan is an unrealistic giveaway to the rich. Meanwhile, entitlement spending is sustainable and responsible? Colu...