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ft.com - 5/13/2009

FT.com / Columnists / Martin Wolf - Why Obama’s conservatism may not prove good enough

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Pinn illustration “If we want things to stay as they are, things will have to change.” Thus wrote the Sicilian writer Giuseppe di Lampedusa, in The Leopard . This seems to me the guiding principle of the Obama presidency. To many Americans, he seems a flaming radical. To me, he is a pragmatic ...

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Pink picks
FT Alphaville — Comment, analysis and other offerings from Wednesday’s FT, Pink picks illustration Martin Wolf:  Why Obama’s conservatism may not prove good enough The more the crisis unfolds, the more evident it is that incentives in the financial system were (and are) badly distorted. I sympathise with the conservative approach to crises, but not if it leaves in place the plethora of perverse incentives that created them. America’s triple A rating is at risk David Walker, chief executive of the Peter G. Peterson Foundation and former comptroller general of the US , writes how ...

links for 2009-05-13
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Very Funny... Martin Wolf: Why Obama’s conservatism may not prove good enough Calvinball Rules at Simply Calvin and Hobbes ...

Links 5/13/09
naked capitalism — ... tip reader Skippy) Foreclosure wave slams suburbia Crain's (hat tip Ed Harrison) China Resumes 1.4 Million Tons of Aluminum Capacity Bloomberg, This is not a positive sign, since other producers say there is still significant overcapacity. Is this a beggar thy neighbor strategy? Freddie Mac to draw further $6.1bn Financial Times Inflection points and turning points - since you asked Willem Buiter. Has a cute graphic too. Why Obama’s conservatism may not prove good enough Martin Wolf, Financial Times Antidote ...

Obamanomics: bailout conservatism v fiscal splurge
FT Alphaville — ... April being a month in which the government almost always records a surplus, because of the tax year ending April 15th.  The last time April saw a deficit was in 1983. Figures released Tuesday show the excess of government spending over receipts came in at $20.9bn, compared with a surplus of $159.3bn in April 2008. Sean Corrigan at Diapason securities produced this graph, which rather puts that into perspective. All of which has got quite a few people chattering about another FT op-ed , this time by the esteemed Martin Wolf. The point of debate: Can Obama really be called a ...