What to Read on the Banking Crisis

Readers will have noticed that with our main mission accomplished, we've largely retired from the econ4obama blogging to focus on our professional and family lives. We're still following Obama economic policy obsessively, however. With the stimulus package passed, by far the most important issue is how the administration deals with the banking crisis. On that topic, I read principally Paul Krugman, Yves Smith, and Simon Johnson. Mark Thoma's site is my favorite all-around economics site.

Worth Watching on the Crisis

Simon Johnson makes a very compelling case in his analysis of the crisis during his appearance on the Bill Moyers Journal. The world has turned upside down when the former chief economist of the IMF sounds like Noam Chomsky. I suggest watching the video, not just reading the transcript.

I haven't had a chance to watch it yet, but last week's Frontline episode on how the crisis happened also looks very good.

Obama's Speech Today on the Stimulus

The video is well worth watching. Great to see that he's finally going full throttle on this. There's no time to waste.