The NYT is comparatively restrained compared to the Washington Post which
seems to be on a crusade against both Sanders and Trump. Here's their latest

https://www.washingtonpost.com/news/wonk/wp/2016/02/18/top-democratic-economists-just-launched-a-blistering-attack-on-bernie-sanders/

Unfortunately, the mainstream economists (and the Post) have a point on
this latest one. Sanders appears to have blundered into a self-inflicted
wound by highlighting a dubious economic analysis that predicts 5% GDP
growth rates.

Why, Bernie, why?
-raghu.





On Wed, Feb 17, 2016 at 3:55 PM, Robert Naiman <nai...@justforeignpolicy.org
> wrote:

>
> http://fair.org/home/nyt-rounds-up-left-leaning-economists-for-a-unicorn-hunt/
>
> ---------- Forwarded message ----------
> From: FAIR <f...@fair.org>
> Date: Wed, Feb 17, 2016 at 1:42 PM
> Subject: NYT Rounds Up 'Left-Leaning Economists' for a Unicorn Hunt
> To: nai...@justforeignpolicy.org
>
>
> Is this email not displaying correctly?
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> <http://us10.campaign-archive1.com/?u=8c573daa3ad72f4a095505b58&id=04eb46bfa0&e=a5b8fb6b33>.
>
>
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=8dbca6fb3f&e=a5b8fb6b33>
>
> NYT Rounds Up 'Left-Leaning Economists' for a Unicorn Hunt
> [image: NYT: Left-Leaning Economists Question Cost of Bernie Sanders’s
> Plans (photo: Isaac Brekken/NYT)]
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=af2cae0910&e=a5b8fb6b33>
>
> *To be fair, as a New York Times reporter, Jackie Calmes probably doesn’t
> meet many left-leaning economists, so she may not be sure what they look
> like. (photo: Isaac Brekken/NYT)*
>
> With Hillary Clinton ramping up her attacks on Bernie Sanders as a
> budget-buster—in the February 11 debate
> <http://fair.us10.list-manage1.com/track/click?u=8c573daa3ad72f4a095505b58&id=ce0a2596b7&e=a5b8fb6b33>,
> she claimed  his proposals would increase the size of government by 40
> percent—the *New York Times* (2/15/16
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=efafb22e40&e=a5b8fb6b33>)
> offered a well-timed intervention in support of her efforts: “Left-Leaning
> Economists Question Cost of Bernie Sanders’ Plans.”
>
> While the “left-leaning” is no doubt meant to suggest critiques from those
> who would be inclined to sympathize with Sanders, all the quoted economists
> have ties to the Democratic establishment. So slight is their leftward lean
> that it would require very sensitive equipment to measure.
>
> Opinion pieces critical of Sanders often begin with a pledge of allegiance
> to his “impracticality.” This story, by *Times* reporter Jackie Calmes,
> is an “objective,” newsy version of that:
>
> With his expansive plans to increase the size and role of government,
> Senator Bernie Sanders has provoked a debate not only with his Democratic
> rival for president, Hillary Clinton, but also with liberal-leaning
> economists who share his goals but question his numbers and political
> realism.
>
> Though Sanders wants to increase federal spending on infrastructure,
> college tuition and childcare, as well as other programs, the bulk of his
> proposed increase would be for establishing a single-payer healthcare
> system, and that’s what Calmes’ piece focuses on. It would replace the
> current mix of multiple forms of public insurance (Medicare, Medicaid,
> state and local programs) and private insurance with a unitary federal
> system, much like what Canada has. It would not nationalize doctors and
> hospitals, as in Britain; only the payment side would be socialized.
> Sanders refers to it as Medicare for All, which is a simplification, but
> close enough for politics.
>
> The liberal-leaning economists that Calmes rounds up suggest that Clinton
> may have been too modest in her accusation that Sanders wants to jack up
> the size of government by 40 percent. No, Calmes warns that “the increase
> could exceed 50 percent, some experts suggest, based on an analysis by a
> respected health economist that Mr. Sanders’ single-payer health plan could
> cost twice what the senator…asserts.”
>
> As if that wasn’t scary enough, Calmes turns to mockery: “Alluding to one
> progressive analyst’s criticism of the Sanders agenda as ‘puppies and
> rainbows,’ Mr. Goolsbee said that after his and others’ further study,
> ‘they’ve evolved into magic flying puppies with winning Lotto tickets tied
> to their collars.’”
> [image: Detail from The Unicorn Defends Itself (The Cloisters)]
> <http://fair.us10.list-manage1.com/track/click?u=8c573daa3ad72f4a095505b58&id=46a19bdc8d&e=a5b8fb6b33>
>
> *Paul Krugman illustrated his column (2/16/16
> <http://fair.us10.list-manage1.com/track/click?u=8c573daa3ad72f4a095505b58&id=4ed6703d67&e=a5b8fb6b33>)
> with an image of this tapestry. If in his metaphor a single-payer
> healthcare system is a unicorn, then presumably the people poking it with
> spears are establishment journalists.*
>
> The theme of magic was further developed in a piece by *New York Times*
> op-ed columnist Paul Krugman, “My Magic Unicorn” (2/16/16
> <http://fair.us10.list-manage1.com/track/click?u=8c573daa3ad72f4a095505b58&id=919d79c659&e=a5b8fb6b33>),
> in which the word “unicorn” appears six times (not counting the headline).
> Krugman’s column, which denounces Sanders’ proposals as hopelessly
> unrealistic, refers to Calmes’ news story for support, a news story that
> itself reads like an op-ed in disguise.
>
> The “Mr. Goolsbee” quoted in the story is Austan Goolsbee, who was a
> long-time adviser to Barack Obama before he became president, and then
> served on Obama’s Council of Economic Advisers. (During the 2008 campaign,
> Goolsbee was reported as having assured the Canadian government that
> Obama’s anti-NAFTA talk was “more reflective of political maneuvering than
> policy”—*New York Times*, 3/4/08
> <http://fair.us10.list-manage2.com/track/click?u=8c573daa3ad72f4a095505b58&id=524a68331c&e=a5b8fb6b33>.)
> Now Goolsbee teaches economics at the University of Chicago’s business
> school and is a consultant to hedge funds. A very left-leaning resume there.
>
> And the “progressive analyst” who came up with the “puppies and rainbows”
> line is Ezra Klein, who in mid-January wrote a harshly disparaging piece,
> “Bernie Sanders’s Single-Payer Plan Isn’t a Plan at All,” on the website he
> co-founded, *Vox* (1/17/16
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=2d8370a47a&e=a5b8fb6b33>).
> How times change: As long-time FAIR contributor Seth Ackerman showed in an
> incisive analysis (*Jacobin*, 1/25/16
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=e5af09bc54&e=a5b8fb6b33>),
> Klein was once a strong proponent of a single-payer scheme.
>
> In a 2007 piece for the *American Prospect* (4/22/07
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=1651835e1f&e=a5b8fb6b33>
> )*, *Klein explored what he called “the best healthcare systems in the
> world,” including Canada’s, looking for lessons for the US. (Krugman liked
> the piece enough to put it on a 2012 syllabus
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=2a05b72e09&e=a5b8fb6b33>
> for a Princeton class on the welfare state.) Klein’s conclusion, expressed
> in his opening sentence, was that while medicine is hard, health insurance
> is simple: We should emulate these other systems that achieve both
> universal coverage and cost control, like those of Canada, France, Germany
> and the UK. Though he now holds Sanders’ advocacy of single-payer in
> disdain, Klein specifically praised Canada’s single-payer system, citing a
> 2003 paper by Steffie Wooldhandler, Terry Campbell and David Himmelstein in
> the *New England Journal of Medicine* (8/21/03
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=8598b3d15b&e=a5b8fb6b33>)
> that found that administrative costs were over three times as high in the
> US than in Canada, mainly because of the inefficiencies of private health
> insurance. Eliminate private insurance and you enjoy hundreds of billions
> in savings.
>
> The “respected” health care economist—it’s funny how journalists stick
> that handle in front of some names and not others—that Calmes cites is
> Kenneth Thorpe of Emory University, who, as she discloses, “advised the
> Clintons in the 1990s.”
> Indeed he did; he served in Bill’s cabinet where, according to his Emory
> faculty bio
> <http://fair.us10.list-manage2.com/track/click?u=8c573daa3ad72f4a095505b58&id=ca87fa0aa6&e=a5b8fb6b33>,
> he “coordinated all financial estimates and program impacts of President
> Clinton’s healthcare reform proposals for the White House.”
>
> Sanders has proposed
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=ba9b27fbdc&e=a5b8fb6b33>
> paying for his single-payer health insurance program mainly by raising
> taxes on the rich and imposing a 6.2 percent payroll tax on employers and a
> 2.2 percent income tax on households (while fully exempting lower-income
> households and partly exempting middle-income ones from the tax). Those tax
> increases would replace current spending on private insurance, so it would
> be very wrong to call them new spending.
>
> Thorpe’s paper
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=ebfb2705ae&e=a5b8fb6b33>
> argues that Sanders underestimates the cost of his single-payer health
> insurance scheme by close to half. More realistic assumptions would require
> substantial tax increases across the board and result in lower wages for
> the presently uninsured as employers compensate for the new payroll tax.
> Frightening, if true, and Calmes and her headline writer frame the article
> to persuade us that it is.
>
> Woolhandler and Himmelstein, authors of the 2003 article on administrative
> costs that Ezra Klein used to like, are not persuaded by Thorpe. In a 
> *Huffington
> Post* piece (1/29/16
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=a102b8e0fb&e=a5b8fb6b33>),
> they find his estimates of administrative savings from a shift to a
> single-payer system too low and his assumptions of an increase in demand
> for healthcare too high. He ignores the cost of tax breaks that would
> disappear under single-payer and assumes no savings on drugs and medical
> devices, despite the government’s strong bargaining position as the
> exclusive purchaser. (Calmes alludes to their critique in the piece with a
> single sentence: “Mr. Thorpe and Sanders aides and allies have been
> battling online.” The words “battling online” link to the
> Woolhandler/Himmelstein piece; a print reader would be totally in the dark.)
>
> As Woolhandler and Himmelstein point out, in earlier studies—one
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=6d4ced32e4&e=a5b8fb6b33>
> done for the state of Missouri, and another
> <http://fair.us10.list-manage1.com/track/click?u=8c573daa3ad72f4a095505b58&id=ed51c17098&e=a5b8fb6b33>
> for the National Coalition on Health Care—Thorpe projected large savings
> from single-payer reform. Now this former Clinton adviser finds the
> opposite.
>
> There’s a political angle to Calmes’ piece as well, which she uses
> longtime Democratic economist Henry Aaron to deliver. (Aaron is a fellow at
> the Brookings Institution, a think tank that a congressional staffer once
> described to me as “a graveyard for conservative Democrats.”) Aaron calls
> the idea of single-payer a “fairy tale” in the current political climate.
> Citing the testimony of “other economists in a ‘lefty chat group’ he joins
> online,” Aaron believes that were Sanders elected, he’d destroy his
> political capital by fighting such a doomed fight.
>
> I’m familiar with this line of argument from a liberal chat group I used
> to hang out with online (it takes its off-the-record secrecy with great
> seriousness)—it may be the same one, but I can’t tell for sure. It goes
> like this: The right so dominates the present scene that one can do nothing
> but play defense, hoping to salvage what remains of social spending but
> never daring to ask for more. Political capital, in this account, can only
> dwindle when put to work; unlike other forms of capital, it never pays
> returns. The right never thought that way when it was plotting its
> ascendancy from the 1950s through the 1970s.
>
> Calmes gave the last word to Thorpe, who concludes from a failed attempt
> to bring single-payer to Vermont that it would be unworkable on a national
> scale. Vermont’s plan wasn’t really single-payer; providers would still
> have had to contend with multiple payers, thereby limiting administrative
> savings, and the state would have little bargaining power with drug and
> device manufacturers. The experience of a small state in a big country is
> hardly conclusive.
>
> What might be more persuasive is the experience of our northern neighbor,
> a country very much like ours. Canada covers almost all its population at a
> cost of 10.2 percent of GDP. Even after Obamacare, about a tenth of the US
> population is uninsured, but that incomplete coverage costs us
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=1afc19a30b&e=a5b8fb6b33>
> 16.4 percent of GDP.
>
> Britain’s system costs 8.9 percent of GDP, a little over half what we pay.
> Both countries have longer life expectancies than we do. But we should be
> afraid of the unicorns.
> ------------------------------
>
> *Doug Henwood is the editor of Left Business Observer
> <http://fair.us10.list-manage.com/track/click?u=8c573daa3ad72f4a095505b58&id=0bda95443f&e=a5b8fb6b33>.*
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