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

Sec. Snow might wish to be CFO of United Airlines

Brad DeLong asks a very good question as he links to a story by Edmund Andrews: How is the U.S. government under Bush different from the management of United Airlines? United Airlines’ management is no longer making its payments to the employee pension fund. Bush is not only not making payments to the employee pension […]

Chibi

If you’re active in the comments here, you’re probably familiar with Chibi. While he’s apparently too polite to shamelessly self-promote in the comments, Chibi has a blog now: http://blogochibi.blogspot.com that you should check out. See, for example, this post on the housing market bubble in California. AB UPDATE: See also The General.

Final Tally of 2004 Budget Deficit

Yesterday the Treasury Department made it official: 2004’s budget deficit was $413 billion, which is about 3.6% of GDP. The statement that accompanied the data release focused on the fact that this is a lower number than was originally estimated several months ago. Snow and Bolton point to this as evidence that Bush’s handling of […]

The Market Keeps Working

Unsuprisingly, Sinclair stations are losing advertisers. Interestingly, the advertisers say that emails and calls from consumers were not the reason they decided to pull the ads – they did it on their own initiative. I suspect that the value of this in-kind political donation that the managers of Sinclair are making to the Bush campaign […]

This should make Dan Drezner nervous

Buried at the bottom of this story on the higher trade deficit, we get this tidbit: A coalition of textile groups asked the administration Tuesday to limit imports of textiles from China, timing the filing of its case to force the administration to make a preliminary ruling by Nov. 1, the day before the election. […]

Has Gene Sperling Seen the Latest from Bush-Cheney?

Bush-Cheney ’04 is floating some spin with the title Kerry’s Economic Proposals Fall Short Of The President’s Achievements. Read for a good laugh as it is incredibly weak. But I suspect Sperling has seen this as I got it from the Kerry camp via email. How dumb does Bush-Cheney think the American people are?

The President on Outsourcing

From last night’s debate: SCHIEFFER: Mr. President, what do you say to someone in this country who has lost his job to someone overseas who‘s being paid a fraction of what that job paid here in the United States? BUSH: I‘d say, Bob, I‘ve got policies to continue to grow our economy and create the […]

One’s Kids Should Not Be Political Pawns

How do we know Karl Rove realized Kerry won debate #1? The misrepresentation of “global test”? How do we know Karl Rove realized Kerry won debate #3? He got Lynn Cheney to attack Kerry for allegedly attacking Mary Cheney. I hope we can agree on two things: (1) Using kids as political pawns is wrong; […]

Checking the Fact-Checkers

So how did the fact-checkers do this time? As far as content goes, not bad; but there is a continued unwillingness to point out that some mistakes are much bigger than others. Here are the items pointed out by the Washington Post’s fact-checking piece, titled “Attacks Misleading And Out of Context“: Kerry said the wealthy […]

A Breathtaking Work of Staggering Incompetence

This boggles the mind: Equipment which could be used in an illicit nuclear bomb program has disappeared from previously monitored sites in Iraq, and radioactively contaminated items from there have been found abroad, the International Atomic Energy Agency (IAEA) has told the UN. Installations in former Iraqi president’s Saddam Hussein’s nuclear bomb program were being […]