Battling the Austerians

I caught the tail end of Paul Krugman plugging his new book End this Depression Now! on Charlie Rose last night. I wasn't sure what book he was referring to until I "googled" amazon. He made his usual trenchant observations. He sized up Europe very well. And, offered some sound advise for the Obama administration and the Fed. His most biting comments were directed at Paul Ryan, whose proposed budget he said was a joke. There is nothing concrete about it other than the domestic cuts he proposed. Krugman supported Larry Summers' position that domestic cuts are the worst possible thing to do at the moment. Not only do they add to unemployment, but offer no debt relief given the corporate tax cuts the Republicans, and even Obama, are proposing as well. But, in this new age of Austerity, which is all too reminiscent of how Hoover tried to tackle the Depression, the prevailing wisdom seems to be that "belt-tightening" is the answer. As one would expect, Krugman effectively argues the opposite.

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The Triangle Shirtwaist Factory Fire

Welcome to this month's reading group selection. David Von Drehle mentions The Melting Pot , a play by Israel Zangwill, that premiered on Broadway in 1908. At that time theater was accessible to a broad section of the public, not the exclusive domain it has become over the decades. Zangwill carried a hopeful message that America was a place where old hatreds and prejudices were pointless, and that in this new country immigrants would find a more open society. I suppose the reference was more an ironic one for Von Drehle, as he notes the racial and ethnic hatreds were on display everywhere, and at best Zangwill's play helped persons forget for a moment how deep these divides ran. Nevertheless, "the melting pot" made its way into the American lexicon, even if New York could best be describing as a boiling cauldron in the early twentieth century. Triangle: The Fire That Changed America takes a broad view of events that led up the notorious fire, not...

Team of Rivals Reading Group

''Team of Rivals" is also an America ''coming-of-age" saga. Lincoln, Seward, Chase et al. are sketched as being part of a ''restless generation," born when Founding Fathers occupied the White House and the Louisiana Purchase netted nearly 530 million new acres to be explored. The Western Expansion motto of this burgeoning generation, in fact, was cleverly captured in two lines of Stephen Vincent Benet's verse: ''The stream uncrossed, the promise still untried / The metal sleeping in the mountainside." None of the protagonists in ''Team of Rivals" hailed from the Deep South or Great Plains. _______________________________ From a review by Douglas Brinkley, 2005

The Age of Roosevelt: The Crisis of the Old Order

A quarter of a century, however, is time enough to dispel some of the myths that have accumulated around the crisis of the early Thirties and the emergence of the New Deal. There is, for example, the myth that world conditions rather than domestic errors and extravagances were entirely responsible for the depression. There is the myth that the depression was already over, as a consequence of the ministrations of the Hoover Administration, and that it was the loss of confidence resulting from the election of Roosevelt that gave it new life. There is the myth that the roots of what was good in the New Deal were in the Hoover Administration - that Hoover had actually inaugurated the era of government responsibility for the health of the economy and the society. There is the contrasting myth (for myths do not require inner consistency) that the New Deal was alien in origins and in philosophy; that - as Mr. Hoover put it - its philosophy was "the same philosophy of government which...

Dispatches from Vilnius

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