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The GOP doesn’t oppose Richard Cordray. It opposes his whole agency. (WaPo)
Roosevelt Fellow Mike Konczal explains why Republican opposition to the Consumer Financial Protection Bureau is based on falsehoods. Unfortunately, filibusters mean that Republican temper tantrums about the power of the CFPB translate to blocking any director.
Did I get the money-and-politics debate all wrong? (WaPo)
Ezra Klein responds to critiques of his own pieces on money and politics, including Roosevelt Institute Senior Fellow Mark Schmitt’s take, which he mostly agrees with. Unsurprisingly, spending lots of time fundraising doesn’t make for better legislators.
- Roosevelt Take: Mark Schmitt argued that the big issue isn’t the general election, but all the money that has to be raised to get there.
Walmart Workers Launch First-Ever ‘Prolonged Strikes’ Today (The Nation)
Josh Eidelson reports on the strikes in Miami, Massachusetts, and the Bay Area, which are the first multi-day strikes again Walmart. Worker-activist Dominic Ware’s biggest fear? That his son will have to work for Walmart too.
Beware Capitalist Tools (Robert Reich)
Robert Reich doesn’t understand why Forbes writers would argue that it’s a bad thing for government to condition market access on the social benefits we receive from corporations. Why wouldn’t we want to tell corporations to put jobs here?
Central Banks Act With a New Boldness to Revitalize Economies (NYT)
Binyamin Appelbaum, Jack Ewing, Hiroko Tabuchi, and Landon Thomas Jr. note that once-cautious central banks have become more aggressive in recent years, taking action to get their countries’ economies moving while their governments are stuck on austerity.
When Sequestration Becomes Devastation (Bloomberg)
Evan Soltas wants us to look ahead to sequestration’s effect on the 2014 budget, because if we think things are bad today then we haven’t seen anything yet. Next year’s cuts aren’t automatic — the House gets to decide where to cut deeper.
Like a Bad Cough: Why Austerity Economics Lingers (HuffPo)
Steven Conn thinks the reason we can’t get past austerity economics is that we’re treating a set of moral propositions about wealth, self-denial, and work as hard science. But when something doesn’t work in chemistry, the chemists start a new experiment.