Obama and Subprime

While the political cheering leading goes on, you might want to read these two articles:

Subprime Obama

There's been less emphasis from the Obama campaign on the really dysfunctional role of the financial industry in the subprime mess," says Josh Bivens of the Economic Policy Institute. "Edwards and Clinton talk much more about regulation of the financial industry going forward, and to the extent that blame is placed, they tend to place it on the lenders for steering people into loans they couldn't afford.
Obama's disappointing foreclosure plan stems from the centrist politics of his three chief economic advisers and his campaign's ties to Wall Street institutions opposed to increased financial regulation. David Cutler and Jeffrey Liebman are both Harvard economists who served in the Clinton Administration, and they work on market-oriented solutions to social welfare issues. Cutler advocates improving healthcare through financial incentives; Liebman, the partial privatization of Social Security

Secondly, a NYTimes Article that claims the reason the the mortgage crisis has happened is people are just irresponsible it has nothing to do with predatory lenders. So what about yet another rude corporate economist writing articles in the NYTimes, trying to blame Americans while they rob them blind...
oopsy, he's Barak Obama's economic adviser Austan Goolsbee

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Krugman on Obama health care plan

Paul Krugman ("Left" economist, whatever that means these days), wrote an op-ed on Obama's health care plan.

If Mrs. Clinton gets the Democratic nomination, there is some chance — nobody knows how big — that we’ll get universal health care in the next administration. If Mr. Obama gets the nomination, it just won’t happen

The piece does a pretty good explanation of the plan details, anlaysis and to why he reaches this conclusion.

More via the Huffington Post op-ed.

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