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Krugman: America is heading for a “lost decade”
The economist repeats his grim forecast for a budget deal based on spending cuts
Paul Krugman Speaking at a roundtable on ABC’s “This Week” on Sunday, New York Times columnist and economist, Paul Krugman repeated his long-held position, that we should not slash spending while the economy is depressed.
“The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further,” he wrote in the Times Sunday, with a sentiment echoed during his Sunday show appearance.
Before party leaders Sunday night announced a debt ceiling deal that is “all spending cuts,” as House Speaker John Boehner described it, Krugman offered a grim analysis. He predicted that unemployment would rise again to nine percent again and that America will experience economic consequences comparable to Japan’s “lost decade,” (when an economic program of frugality hindered recovery from an asset bubble collapse in the 1990s).
Krugman criticized the debt negotiations:
Basically the Republicans said we’ll blow up the world economy unless you give us exactly what we want, and the President said OK. That’s what happened. . . . We’re having a debate in Washington which is all about, “we’re going to make this economy worse, but are we going to make it worse on 90 percent of the Republican’s terms or 10o percent of the Republican’s terms?” And the answer is 100 percent.
Watch Krugman’s appearance below, including a brief spat with conservative columnist, George Will:
Natasha Lennard covers the Occupy movement for Salon. A British-born, Brooklyn-based journalist, she has been covering Occupy Wall Street since before the first sleeping bag was unrolled in Zuccotti Park. One of the first journalists arrested at an Occupy action, she has managed to enrage Andrew Breitbart, Rush Limbaugh and Glenn Beck. You can follow her on Twitter (@natashalennard), and email her any Occupy updates/videos/ideas to natasha.lennard@gmail.com More Natasha Lennard.
DSK maid goes public
Nafissatou Diallo -- named for the first time in U.S. press -- says she wants the former IMF chief to go to jail
Nafissatou Diallo speaks to ABC News' Robin Roberts Although the French media disclosed Nafissatou Diallo’s name weeks ago, in the American press she has been known only as “Dominique Strauss-Kahn’s accuser” or the “DSK maid” — until now.
Guinean-born Diallo, who goes by “Nafi,” spoke out about her sexual assault charges against the former IMF chief, first in a lengthy Newsweek interview and then in an interview with ABC’s Robin Roberts, which aired Monday on “Good Morning America.”
Continue Reading CloseNatasha Lennard covers the Occupy movement for Salon. A British-born, Brooklyn-based journalist, she has been covering Occupy Wall Street since before the first sleeping bag was unrolled in Zuccotti Park. One of the first journalists arrested at an Occupy action, she has managed to enrage Andrew Breitbart, Rush Limbaugh and Glenn Beck. You can follow her on Twitter (@natashalennard), and email her any Occupy updates/videos/ideas to natasha.lennard@gmail.com More Natasha Lennard.
2 out of 3 Americans may vote against their current member of Congress
A new poll shows the highest level of discontent with Washington in decades
Rep. Jim Jordan, R-Ohio, the Republican Study Committee chairman, far left, leaves the Capitol with fellow House GOP members after passage of the conservative deficit reduction plan known as "Cut, Cap and Balance" that prevailed 234-190, in Washington, Tuesday, July 19, 2011. (AP Photo/J. Scott Applewhite)(Credit: AP) A new Washington Post/ABC News poll finds that nearly two-thirds of registered voters say they plan to “look around” to vote for someone other than their current member of Congress in 2012. Just 32 percent say they’re content to vote for their incumbent.
This is the highest level of dissatisfaction with Washington ever seen in Post/ABC polling, which dates back to 1989, notes the Post’s Chris Cillizza. A striking 80 percent of all respondents said they were either dissatisfied or angry about the way Washington works.
This discontent — although spread almost evenly across party lines — is more likely to more negatively impact Republicans, says Cillizza, simply because they are the majority party in the House.
Natasha Lennard covers the Occupy movement for Salon. A British-born, Brooklyn-based journalist, she has been covering Occupy Wall Street since before the first sleeping bag was unrolled in Zuccotti Park. One of the first journalists arrested at an Occupy action, she has managed to enrage Andrew Breitbart, Rush Limbaugh and Glenn Beck. You can follow her on Twitter (@natashalennard), and email her any Occupy updates/videos/ideas to natasha.lennard@gmail.com More Natasha Lennard.
How the news covers Friday the 13th
Anchors try to put a friendly spin on the year's worst holiday -- and just end up embarrassing themselves
Friday the 13th on the news. Friday the 13th is the one time of the year that everyone gets together, renounces their religions, and starts believing entirely in the power of luck for a day. It’s true! Superstition trumps common sense on the 13th, and as someone who once got fired and evicted on one of these days, I’m more of a believer in its power than anyone. Still, I know how ridiculous it sounds to be scared of a day because of bad mojo. That’s why it’s always funny to watch news anchors try to cover Friday the 13th. Is it a holiday? Should they make fun of it? (Or is that just tempting the bad luck gods?)
Continue Reading CloseDrew Grant is a staff writer for Salon. Follow her on Twitter at @videodrew. More Drew Grant.
Botox mommy goes on TV to defend giving child cosmetic surgery
It's never too early to start injecting needles into your daughter's face, says crazy woman
Kerry Campbell says it's safe to inject small daughter with Botox. The whole spectacle of shows like “Toddlers and Tiaras” is unappealing to me, because it strikes right at that “Celebrity Rehab”/”Hoarders” voyeurism but adds a cherry topping of sad children to the mix. If I wanted to watch innocence lost in real time, I’d go down to a jail and ask to be locked up, because who wants to see that?!
So when the Sun first broke the story of 8-year-old Britney Campbell and the routine Botox injections foisted on her by her pageant mom, I tried not to pay attention. What this little girl needs is less public attention, not more. She also needs Child Protective Services, but somehow none of the media outlets that have jumped to interview Britney’s mom, Kerry (who administers the injections, as well as waxes her daughter’s upper thighs), have bothered to call the authorities.
Continue Reading CloseDrew Grant is a staff writer for Salon. Follow her on Twitter at @videodrew. More Drew Grant.
Charlie Sheen re-edits “20/20″ interview to make himself look even crazier
Surprisingly watchable and intentionally funny, the overexposed actor manages to keep us entertained in new video
Charlie Sheen's first meal since 1984. I am the last person to give Charlie Sheen credit for anything. I honestly wish we could all collectively get together and channel Gene Wilder at the end of “Willy Wonka,” just so that we could turn around and scream in his face, “You get nothing! You lose! Good day, sir!“
That being said, I also really don’t like ABC’s Andrea Channing, who interviewed both Sheen for “20/20″ and Rebecca Black for “Good Morning America.” I’ve never seen anyone be able to simultaneously pander and act completely condescending to their subjects the way that she can. So maybe I’m a little predisposed to think that this video that Sheen(‘s people, let’s be honest here) put out on Sunday called “Charlie Sheen: The Unedited Version,” which takes moments from his “20/20″ interview and re-cuts them so he’s acting even more ridiculous than he was the first time.
Continue Reading CloseDrew Grant is a staff writer for Salon. Follow her on Twitter at @videodrew. More Drew Grant.
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