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Does Dodd-Frank really end ‘too big to fail’? (WaPo)
Roosevelt Institute Fellow Mike Konczal examines the three biggest ongoing debates surrounding the financial reform law and whether it has really changed the system enough to keep it from blowing up in our faces or simply lengthened the fuse a bit.
Just Because the World Didn’t End Doesn’t Mean That Sequestration Isn’t Scary (TNR)
Jonathan Cohn notes that the design of the law and agency management will ensure that the full extent of sequestration isn’t felt all at once, but it’s still the economic equivalent of that scene where the cowboy gets shot, walks five paces, and then falls over.
Sequester Real Talk: The 3 Dumbest Things About This Truly Dumb Law (The Atlantic)
Derek Thompson highlights three major issues with sequestration, like how it’s an intentionally bad solution to a problem we don’t have and how Responsible Centrists have decided it’s all Obama’s fault for not riding to the rescue on his golden pegasus.
Stop the Madness (Prospect)
Paul Waldman writes that Congress can’t have a constructive budget negotiation until Republicans agree to lay down their weapons, including the sequester, shutdown threats, and the debt ceiling. What are they supposed to do then? Just talk about stuff?
Recovery in U.S. Lifting Profits, Not Adding Jobs (NYT)
Nelson Schwartz reports that while corporate profits and stock prices are soaring, lifting the Dow Jones to near record highs, workers aren’t seeing wage increases to match — especially with several million people eager to take their place at a moment’s notice.
American Conservatism’s Crisis of Ideas (Project Syndicate)
Brad DeLong warns that conservatives are going to have an uphill battle winning converts to their cause as long as they continue to push the message that the worst thing government can do is create an easier, more secure, and comfortable life for them.
Mooching Off Medicaid (NYT)
Paul Krugman argues that Rick Scott gave away the game by accepting Obamacare’s Medicaid expansion on the condition that it be run by private insurers, suggesting that the real debate isn’t how much we should spend but whose palms we should grease.
This Week in Poverty: Gangnam-Style Counting With Senator Jeff Sessions (The Nation)
Greg Kaufmann analyzes a thought-provoking new report from conservative firebrand Jeff Sessions, which purports to show that poor people in America actually make more money than the middle class if you just add random numbers to the aid they receive.