Relevant and even prescient commentary on news, politics and the economy.

Winning The Struggle to Keep Up With Bush’s Campaign Spending As Kash pointed out in the previous post, Bush has a very big financial edge over John Kerry. I don’t think that Kerry can, or even needs to, raise more money than Bush. He just needs to raise enough to get his message out and […]

The Struggle to Keep Up With Bush’s Campaign Spending The Kerry campaign launched its own ads in response to Bush’s first negative ads. Unfortunately, I worry that Bush’s strategy of vastly outspending the Kerry campaign, and potentially exhausting Kerry’s resources in this phase of the campaign, may eventually be effective. WASHINGTON, March 12 — Senator […]

Bush Proposes Tax Increase! As Bush’s new negative ads show, the Bush campaign has developed a new way to identify proposed tax increases. The ads say that Kerry plans to raise taxes by $900 billion. Bush’s campaign manager explains how they arrived at this conclusion despite the fact that Kerry has never said he wants […]

Strippers Against Bush? Salon has an interesting report on Howard Stern’s ongoing anti-Bush campaign: The pioneering shock jock, “the man who launched the raunch,” as the Los Angeles Times once put it, has emerged almost overnight as the most influential Bush critic in all of American broadcasting, as he rails against the president hour after […]

Support John Kerry If you’ll look to your left, you’ll see a John Kerry button surrounded by the crucial word, “Contribute!” So do contribute. The Kerry campaign has set it up so that Kash and I can track how many contributions stem from this blog. Moreover, Kash and I both plan to make sizeable donations […]

Illinois Senate Update In this post last week, I asked why the press and bloggers aren’t talking about Illinois’ Senate race more — Illinois is a state where a Democratic gain (Peter Fitzgerald’s seat) seems rather likely. In any event, The Washington Post has a profile of the leading Democratic contender, Barack Obama: His father […]

The U.S. Current Account Balance in 2003 The BEA just released the figures from the last quarter (and thus the full year) of 2003 for the US current account balance. The grand total for the current account deficit in 2003 is $542 billion, meaning the US as a whole borrowed $542 billion from the rest […]

Global Income Inequality The new issue of The Economist has a good in-depth examination of global income inequality. A subscription is required to read the whole thing, but the main conclusions of the article are: it’s difficult to know what’s happened to inequality around the world, because data is so poor, and depending on exactly […]

And So It Begins… From today’s Washington Post: Just one week after launching a wave of positive commercials, President Bush went on the attack with a new ad yesterday, charging that Democratic challenger John F. Kerry would “raise taxes by at least $900 billion” and weaken the country’s response to terrorism and ability to go […]

Greenspan: Stop Cutting Taxes and Fund Education Well, actually, he didn’t say anything about how to pay for more education. But if it’s worth doing, it’s worth spending money borrowed from our children to do (because we know funding anything with taxes is evil): Congress needs to promote both the teaching of basics such as […]