Even good journalists can make mistakes, based on commonly held assumptions which are simply wrong. Take the New York Times’s economics reporter David Leonhardt.
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One way to judge the merits of the budget Barack Obama unveiled this week is by the comments of his political allies. "It's not enough to focus primarily on the non-security discretionary part of the budget," said Senate Budget Committee Chairman Kent Conrad.
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If a motto summed up the Obama presidency, it might be, “Life is short. Eat dessert first.” His policies are all about self-indulgence in the present, to be paid for with either long-run economic decline, or painful sacrifices by future generations.
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Megan McArdle takes a close look at the new Government Accountability Office report on unfunded pension liabilities of GM and Chrysler. It’s not pretty:
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It's time to blow the whistle on two erroneous statements that opponents and proponents of the health care legislation being jammed through Congress have been making. Republicans have been saying that never before has Congress passed such an unpopular bill with such important ramifications by such a narrow majority. Barack Obama has been saying that passage of the bill will mean that the health care issue will be settled once and for all.
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