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Econ Indicators: Good News and Bad News (On the Economy)
Jared Bernstein notes that revised BLS data shows the economy produced more jobs and less growth than we thought, and that President Obama is now a net job creator, which probably isn’t good enough to start breaking out the chisels on Mt. Rushmore.
United States Economy Still Weak, But More Feel Secure (NYT)
Annie Lowrey reports that despite gloomy economic reports, consumer confidence has been rising thanks to the belief that the recovery has dragged on so long that we must feel it eventually, and to Democrats’ optimism that Mitt Romney will go away soon.
U.S. Women Poised for a Radical Tune-Up; Here’s Why (Women’s eNews)
Roosevelt Institute Senior Fellow Ellen Chesler writes that while women have made and held onto significant gains, the feminist movement must keep fighting discrimination and reach out to working women, who continue to tap rich new veins of inequality.
Europe’s Austerity Madness (NYT)
Paul Krugman argues that the conventional wisdom that the situation in Europe was finally under control proved false because the European Central Bank offered nations a painful bargain but failed to account for the fact that those nations are made of people.
Study: Obama’s plan would create 1.1 million more jobs in in 2013. Romney’s plan would create 87,000 (WaPo)
Suzy Khimm highlights a new report from EPI that shows President Obama’s budget would give the economy a significant boost. Meanwhile, Mitt Romney openly acknowledges that steep cuts will drag down the economy, and he’s apparently all for that.
Romney Says He Cares. His Agenda Disagrees. (TNR)
Jonathan Cohn notes that Romney’s quest to prove he has as much empathy as the next humanoid led him to boast that he passed health care reform in Massachusetts. So poor people can move there when he takes away their health care everywhere else.
Wealthy Americans Gain Even as Republicans Decry Redistribution (Bloomberg)
David J. Lynch checks in with a status report confirming what many suspected: it’s still pretty awesome being rich in America, and there hasn’t been much spreading of the wealth unless the rich have literally been laying out their money and rolling around in it.
There Aren’t That Many Takers in America (Monkey Cage)
Nathan Kelly argues that Mitt Romney’s math was a little off in his infamous 47 percent remarks. The number of able-bodied aid recipients who could work but choose not to is probably closer to 2.4 percent, so he really doesn’t have to worry about them.
Bankers Must Wash Hands Before Returning to Work (Bloomberg)
Jonathan Weil writes that just as New York City’s health department requires restaurants to post a letter grade, regulators should make their assessments of the health of financial institutions public so that we all know where the dirty spoons are on Wall Street.
Getting the Point of Collective Bargaining (The Nation)
John Nichols notes that Wisconsin Governor Scott Walker finally saw the light on the role of unions when he called for the return of the real NFL refs this week. Now he just has to apply that logic when his favorite team’s season record isn’t on the line.