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

Iraq Intel Manipulation: Paul Roberts Blames the Democrats

Laura Rozen warns us of what Senator Roberts has in mind for that belated Phase II of the investigation in regards the intelligence failures preceding our invasion of Iraq: Roberts will leak to the White House and the GOP the pre-war statements by Democrats about the threat posed by Saddam Hussein … But unfortunately, this […]

The Gasoline Market and Government Policy

Paul Gessing is not happy with Bill Frist: Bill Frist and Judd Gregg are the latest Republican senators to accuse oil companies of “gouging” consumers and to call for new tax or regulatory clampdowns as “remedies.” Although the populist stance against “big oil” might appeal to some beleaguered motorists, these Republicans – and most congressional […]

No on Proposition 77

Kash supports Proposition 77 and expresses his reasoning why this move may be good for Democrats. Mark Kleiman disagrees. Several leading Californian Democrats and Republicans were on show last night at the The Museum of Tolerance in Los Angeles to debate the various propositions. All agree on two points. Reform of the redistricting process would […]

California Redistricting, Part II

In my earlier post I made the argument that, whatever its other drawbacks and merits, the California redistricting proposal is unlikely to cost the Democrats seats, and may actually win them some additional ones. My reasoning, in brief, is that Democratic voters are already so highly concentrated into safe Democratic seats that redistricting can only […]

Will Boston Lead the Housing Bust?

Writing in the Lowell Sun, Dan O’Brien reports that a number of towns in Middlesex County are reporting year-over-year median price declines. O’Brien provides details for Dracut and Lowell, and then writes: Other Middlesex County communities showing year-over-year price drops (among those with at least 20 sales) include Arlington, Hopkinton, Hudson, Lexington, Natick, Newton, Reading […]

Would Redistricting Really Cost the Democrats Seats in CA?

Today’s Washington Post notes that both of the major initiatives to reorganize the way in which Congressional districts are drawn up, one in Ohio and one in California, look headed for defeat. In both states it seems likely that partisan gerrymandering will remain the process by which Congressional boundaries are drawn in those states. A […]

On Consumer Demand – and Other NRO Misunderstandings

Michael Darda tries very hard to pack a lot of wisdom into an NRO op-ed but he writes too much: Consumer spending is driven by income growth, which is the function of employment, the capital-to-labor ratio, productivity, and wage and salary rates. These trends remain sound. So we can expect consumer spending to expand at […]

Dynamic Scoring

MaxSpeaks actually provides a partial defense of the President’s Advisory Panel on Tax Reform in regards the attacks from the right. In addition to a cool illustration of the wingnuts, Max writes: They are also crying because the Commission did not use “dynamic scoring.” This would have allowed the Commission to present revenue-losing/deficit-increasing proposals under […]

Did Cheney Initiate a Policy of Prisoner Abuse?

Dan Froomkin picks up on something that no one else seems to have noticed in yesterday’s broadcast of Morning Edition on NPR: an assertion by Colonel Lawrence Wilkerson, former chief of staff to Secretary of State Colin Powell (also a 31-year military veteran and former director of the Marine Corps War College) that there is […]

Lessons in Fiscal Management

The President of Pakistan, Pervez Musharraf, could give the Bush administration some lessons in fiscal management, and in the unfortunate fact that facing reality sometimes means that you can not simultaneously have your cake and eat it: MUZAFFARABAD, Pakistan – President Gen. Pervez Musharraf suspended a major purchase of U.S. fighter planes, saying Friday during […]