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

Free market oil drilling -what’s wrong with Bush?

Op ed by rdan Oil and gas companies should “use or lose” access to the 68 million publicly held acres where they can currently drill but aren’t. There’s no reason that companies should be able to lock up oil and gas reserves on publicly held land when we’ve made a choice as a nation to […]

Update on Presidential Performance Book

by cactus I’d like to thank Dan for putting up graphs from some of my previous posts, and for reminding people that I’m working on a book. Here’s the status: together with a co-author who currently wants to remain nameless, I completed a first draft of the book and went looking for an agent. We […]

US Air Force Tanker

by ilsm Here is a quick update from GAO on the US Air Force Tanker procurement debacle. Not to seem biased but “what were they thinking?” An oral history on “requirements”. In World War II it was obvious that the ability to haul short range, fighter aircraft around the ocean expanses would be critical to […]

Money and childhood understandings

by coberly A reader at Economist Mom offered the following story on her daughter wants a trust fund post. “… this post reminded me of an exchange I had with our five-year-old. I fronted him $10 for something he wanted when he forgot his wallet. When it was time to pay his allowance I told […]

Department of False Equivalences

Is there a sane purpose to this? As long as more homeowners default on mortgages, losses to financial institutions will mount. Those losses already exceed $400 billion, and some analysts believe they will top $1 trillion before the housing carnage is over. By comparison, Congress has authorized $650 billion so far to fight the Iraq […]

Soc Sec XXXII: Means Testing as a Trojan Horse

Somehow the concept of means testing has entered the Social Security dialogue right along side that of cap increases. Don’t let people trick you into going down that path. Each seems on the surface to be a reasonable and progressive step but instead they are being dangled in front of you by people opposed to […]

Political Spin

FA ask”Real after-tax income per person has risen by 9.6 percent – $2,840 – since the President took office” If this is true, then how can the claims of the Left that American incomes have been declining be true? This is exactly how political spin is done. Cite a number that is big. OK, over […]

Performances on the economy by party

by cactus Presidential performance by party can be explored here in book form in the near future we all hope. And before anything else, lets cover the excuses that come up time and again… Its not that Republicans inherit problems from Democratic administrations –even leaving out the first two years of each administration, growth is […]

Jobs in Small Businesses

by spencer Many interesting claims are made during political campaigns. Many of them are factually correct, but misleading. One of these is the standard claim that small businesses create 70% of the jobs in the US economy. It is true. But the US economy is one where firms both create and destroy jobs.The Small Business […]