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October 9, 2011

Great column on Occupy Wall Street by the WaPo's Steven Pearlstein. Here's the key line: 

I realize [White House Chief of Staff William] Daley has taken it as his personal challenge to repair relations with the business community. But the first thing to point out is that the business community isn’t Wall Street. More significantly, however, you can’t “repair” relations with the business community while its members are pushing back against virtually every one of your initiatives and generously financing the Republican opposition. The way to “repair” your relationship with the business community under such conditions is to provide convincing political evidence that they need to repair their relationship with you.

Now, not everything Pearlstein says is an absolute gem — the part about the lack of of organization is much less an issue now than it was three weeks ago — but the overarching point, that the Obama administration should take a much-larger role in supporting the basic idea behind the protest, is a solid one.

12:01 // 3 years ago
September 29, 2011

Here’s another good-sounding economic story … with a catch

  • 1.3% the increase in U.S. gross domestic product in the second quarter, based on updated final numbers
  • 0.3% the improvement in that number from the initial estimates from the April-to-June quarter source

» Such evocative language in the source story: But before you get too excited about those three-tenths of one percent, just keep in mind the text that AFP used here: “The better-than-expected figure is unlikely to have a major impact on confidence in the enfeebled US economy, but tints the backdrop in a slight less gloomy hue.”

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10:50 // 3 years ago