Posted Monday, March 8 at 6:04 AM CST, 7:04 AM EST, 1204 GMT.
Top editorial and op-ed commentaries in the Monday editions of the leading U. S. newspapers:
1) In the Washington Post, Robert Samuelson looks at a new survey that breaks down Americans’ attitudes along generational lines. “The deep slump has hit Millennials hard. According to Pew, almost two-fifths of 18- to 29-year-olds (37 percent) are unemployed or out of the labor force, “the highest share . . . in more than three decades.”… About a third say they’re receiving financial help from their families, and 13 percent of 22- to 29-year-olds have moved in with parents after living on their own…. Millennials could become the chump generation. They could suffer for their elders’ economic sins, particularly the failure to confront the predictable costs of baby boomers’ retirement…. Their ardor for Obama is already cooling. Will higher taxes dim their enthusiasm for government?”
2) In the WP, E. J. Dionne looks at legislation sponsored by Sen. Charles Schumer (D-NY) and Rep. Chris Van Hollen (D-MD) aimed at reining in the Supreme Court’s recent Citizens United decision. “Republicans should also be alarmed that this decision could encourage politicians to extort campaign spending from businesses. Is it really so hard to imagine a congressional leader quietly approaching a business executive and suggesting that unless her company invested heavily in certain key electoral contests, this regulation or that spending program might be changed at the expense of her enterprise?… Many Republicans, above all Sen. John McCain (R-Ariz.), have been at the forefront of trying to clean up the campaign-money system in the past.”
3) In the New York Times, Paul Krugman looks at a recent study that compares the effect of the global recession in Ireland to that in the United States. “Ireland had none of the American right’s favorite villains: there was no Community Reinvestment Act, no Fannie Mae or Freddie Mac. More surprising, perhaps, was the unimportance of exotic finance: Ireland’s bust wasn’t a tale of collateralized debt obligations and credit default swaps; it was an old-fashioned, plain-vanilla case of excess, in which banks made big loans to questionable borrowers, and taxpayers ended up holding the bag…. But the most striking similarity between Ireland and America was ‘regulatory imprudence’: the people charged with keeping banks safe didn’t do their jobs.”