ryanlcooper
ryanlcooper
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America's coronavirus death toll has been a bipartisan achievement

America's coronavirus death toll has been a bipartisan achievement

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersThe United States: proud home of the world's , and among rich nations, and . Now we can add the world's largest coronavirus outbreak to our national parade of ignominy — there have been over around the world and 330,000 deaths, and roughly 30 percent of each have happened in the U.S.Most or all of this carnage could have been prevented. A suggested that if lockdown procedures had been implemented one week earlier than they actually were, about 55 percent of the deaths would have been avoided. Two...

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ryanlcooper
4d ago
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The tyranny of the Congressional Budget Office

The tyranny of the Congressional Budget Office

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersAmerica is in a full-blown economic depression, but Democrats are anxious about whether fixing it will cost too much. In the most recent economic rescue package — one the party itself is only a "messaging" bill, since it already gave away most of its leverage — Democrats and for economic stimulus that would continue on autopilot for as long as the crisis lasts, because of scary possible estimates of the cost.It's hard to describe just how blinkered this is. It's like a man who is drowning in the...

theweek.com
ryanlcooper
May 18
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There's no good reason for Joe Kennedy to primary Ed Markey

There's no good reason for Joe Kennedy to primary Ed Markey

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersThere is no end in sight for the coronavirus pandemic in the U.S., but the death march of politics grinds on. One lesser-known race is the upcoming Massachusetts Senate primary on September 1, where Democratic Rep. Joe Kennedy III is running a primary challenge against incumbent Senator Ed Markey — one of the most reliable liberals in the chamber, particularly on climate change.Polling has been scarce in the race, but so far it seems Kennedy has a , probably thanks to unparalleled name recognition...

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ryanlcooper
5d ago
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The wrong way to fight poverty

The wrong way to fight poverty

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersWhat is to be done about poverty? For decades, the Democratic Party has advocated a strategy of refundable tax credits — "refundable" meaning that if one has no federal income tax liability, then the credit will be added to your income. (It's a silly way to obscure what is essentially a welfare program.) The most important one of these is the Earned Income Tax Credit (EITC), which pays extra income to low-income workers depending on their family structure. Expanding the EITC in various ways has...

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ryanlcooper
May 19
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The next phase of America's coronavirus problem is a massive housing crisis

The next phase of America's coronavirus problem is a massive housing crisis

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersThursday brought yet more grim economic numbers, with 2.98 million Americans filing for unemployment over the last week. That makes for since the beginning of the coronavirus crisis (though millions no doubt have not managed to make it onto the program rolls, or are not receiving benefits even if they have). A recent found that nearly 40 percent of households making $40,000 per year or less lost a job in March.Millions of people are already unable to afford their rent or mortgage payments, and...

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ryanlcooper
May 15
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The conservative victimhood complex has made America impossible to govern

The conservative victimhood complex has made America impossible to govern

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersThe United States has had the worst national response to the coronavirus pandemic among rich nations largely because President Trump is an incompetent leader whose narcissism means he can focus on little beyond his own approval ratings. From the start of the crisis to today, he has completely failed to take the virus seriously, and refused to do anything meaningful to stop it. It was his job to protect America, and he can't do the job.But Trump's appalling failure is only the most visible part of...

theweek.com
ryanlcooper
May 14
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The false prophets of growth

The false prophets of growth

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersIn 2009-10, when most of the world was still at the depths of the Great Recession, two economics papers quickly swept through the policy elite in both Europe and the United States — one by , and the other by . They both purported to show the benefits of austerity policies — basically, raising taxes and cutting government spending — to cut the national debt. Reinhart and Rogoff showed that in several countries, growth seemingly slowed markedly when the national debt-to-GDP ratio topped 90 percent,...

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ryanlcooper
May 8
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How Democrats blew up #MeToo

How Democrats blew up #MeToo

✕Special reports:The #MeToo movement has brought to light a quiet epidemic of sexual harassment and assault going back generations. Movie moguls, famous celebrities, and politicians have seen their careers go up in flames after credible accusations of sexual misconduct. It has been a painful, long-overdue reckoning, and perhaps the dawning of a more just age.Now Democrats are set to blow a hole in the movement with their probable nomination of former Vice President Joe Biden for president. Biden faces a credible accusation of serious sexual assault, but Democrats are plowing ahead...

theweek.com
ryanlcooper
Apr 27
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The booming stock market shows America is diseased

The booming stock market shows America is diseased

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersOne of the more peculiar tics in mainstream media is treating the stock market as a sort of general barometer of economic health. If it's going up, then things are assumed to be going well — and if it falls a lot, then it's time to worry. Thus conservatives have been celebrating the astounding stock rally of the Trump era, which has been as the average since 1928 for presidents at this point in their term.To be sure, a stock market crash can have serious negative repercussions. But the booming...

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ryanlcooper
Jan 2
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Stop declaring premature victory against coronavirus

Stop declaring premature victory against coronavirus

✕Special reports:Over the past week or so, the direst possible futures for the novel coronavirus pandemic have seemingly receded. Though the U.S. has by far the of confirmed cases of any country (at time of writing about 558,000 cases and 22,000 deaths, which are almost certainly ), a from the University of Washington revised its estimate of the predicted total American death count down to "only" about 60,400.This has led many to question the necessity of all the social-distancing and lockdown measures that are wreaking economic havoc. But while a possibly lower death count is certainly...

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ryanlcooper
Apr 13
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Democrats need to play coronavirus hardball

Democrats need to play coronavirus hardball

Special reports:MenuSign up for our free email newslettersSign Up forOur free email newslettersThe COVID-19 economic crisis is entering its third week, and still the federal government has passed no big rescue package. The Republican Senate leadership is trying to whip up votes for a . It would cut checks of $1,200 to most adults, plus $500 for children, which is at least not nothing, but also would create a $500 billion slush fund for Treasury Secretary Steven Mnuchin to use on whatever corporate bailouts he deems necessary, with no conditions or requirements.It is both far short of what...

theweek.com
ryanlcooper
Mar 23
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America has one of the world's worst coronavirus responses

America has one of the world's worst coronavirus responses

✕Special reports:The world is gripped by the coronavirus pandemic. At time of writing about 225,000 confirmed cases in total, and 9,300 deaths. Europe is for the moment the epicenter of the outbreak, particularly in Italy where the virus has , but dozens of other countries are only a week or two behind on a similar track, including the United States.However, there are major divergences between the performance of different countries. Rich and middle-income East Asian countries like Taiwan, Vietnam, and Singapore have managed to nearly halt the outbreak in its tracks, while more ramshackle...

theweek.com
ryanlcooper
Mar 20
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Coronavirus is revealing the depths of Trump's incompetence

Coronavirus is revealing the depths of Trump's incompetence

Special reports:MenuSign up for our free email newslettersCoronavirus is revealing the depths of Trump's incompetenceSign Up forOur free email newslettersIt is clear the United States is going to suffer a full-blown epidemic of novel coronavirus, and quite possibly a financial crisis and recession as a result. The disease is spreading fast in , and the government's response has fallen far short of the efforts even in much smaller countries like the U.K. or South Korea.It would have been quite difficult to stop this from happening — but not impossible. President Trump is responsible for the...

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ryanlcooper
Mar 10
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Is Bernie Sanders a deep cover Communist revolutionary? Uh, no.

Is Bernie Sanders a deep cover Communist revolutionary? Uh, no.

Special reports:MenuSign up for our free email newslettersIs Bernie Sanders a deep cover Communist revolutionary? Uh, no.Sign Up forOur free email newslettersBernie Sanders has a problem. On a few occasions he has given qualified praise to dastardly Communist regimes in the Soviet Union and Cuba, thus proving his sympathy with the Red menace. So says both the army of Never Trump conservatives (numbering in my count at maybe two dozen, every one of which has a newspaper column somewhere), and various Democratic elites, including some of Sanders' .But this is just the latest flailing attempt...

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ryanlcooper
Feb 25
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