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Monetary Mystification (Project Syndicate)
Roosevelt Institute Chief Economist Joseph Stiglitz argues that we shouldn’t take enthusiasm for QE3 as a sign that the Fed can shoulder the whole burden of the recovery. It’s a sign that Congress has dropped its end and run off aimlessly into the wilderness.
Women Went Missing in Presidential Debate (The Nation)
NND Editor Bryce Covert notes that the debate portrayed “domestic policy” as a sphere in which everyone is a man in a banker collar poring over a spreadsheet, not one where women work public sector jobs, rely on a strong safety net, and still fight for fair pay.
Did Obama Blame the Financial Crisis on Budget Deficits? (Naked Capitalism)
Roosevelt Institute Fellow Matt Stoller writes that Obama seemed to draw a direct line from the Bush tax cuts and increased public debt to the financial crisis and the explosion of private debt. But connecting those dots distorts the picture of economic disaster.
Fact-Checking Obama’s ‘Kiss’ to Wall Street (NYT)
Ben Protess writes that despite Romney’s description of Dodd-Frank as “the biggest kiss that’s been given to New York banks,” the years and millions they’ve spent working to weaken the law suggest they don’t feel like Obama’s been pitching a lot of woo at them.
On Social Security, if not now, when? (Salon)
Disturbed by the Obama campaign’s vague remarks about the Social Security “tweaks” the president supports, David Sirota argues that it would be nice to have that conversation with 300 million Americans in public, not 100 senators behind closed doors.
Romney’s Bad Jobs Answer and Obama’s Disastrous Reply (Slate)
Matthew Yglesias notes that when asked about their plans for job creation, Romney regurgitated the standard GOP platform, while Obama talked about K-12 education, which would be great if the main problem for the unemployed was lack of scissor skills.
Wal-Mart Workers on Strike (Salon)
Josh Eidelson reports on the first-ever multiple-store strike to challenge the notoriously union-free Wal-Mart, despite the risk that the dystopian megastore franchise could respond by deciding that workers are another product you can get at discount rates.
Coal Miner’s Donor (TNR)
Alec MacGillis takes a closer look at Robert Murray, the coal company CEO who forced his employees to appear in a Romney ad — or as Romney would have it, the guy so great he gives all his employees two jobs, including one working for the Republican Party.
When Job-Creation Engines Stop at Just One (NYT)
Catherine Rampell writes that with startups becoming leaner and meaner and more entrepreneurs going solo, we need a different answer to the jobs crisis unless we want to become a nation devoted to life, liberty, and the pursuit of social media apps.
Money, Power and the Rule of Law (NYT)
Simon Johnson writes that it’s always a problem when special interests buy friends, and Wall Street can afford some pretty great friends. But Eric Schneiderman’s lawsuit against JPMorgan Chase suggests he’s not worried about getting invited to the sleepovers.