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

Cactus and his merry band of madmen…and Megan McArdle

I googled the title phrase and ‘Behold!’, here are the three links.  Mike also sent them. Cactus and his merry band of madmen and Megan McArdle Megan McArdle has a question Megan McArdle has a question: What happens to the cottage industry among Democratic-leaning armchair economists grinding out analyses proving that Democratic presidents are, like, totally […]

More New Books Highlight Plight of Middle Class

by Kenneth Thomas More New Books Highlight Plight of Middle Class The situation of the middle class is a hot topic these days, and rightly so. In addition to James Carville and Stan Greenberg’s recent book, It’s the Middle Class, Stupid, new books are out by Donald Barlett & James Steele, Jeff Faux, and Mike […]

Health Care Thoughts: PPACA Penalty/Tax

by Tom aka Rusty Rustbelt Health Care Thoughts: PPACA Penalty/Tax The Congressional Budget Office predicts in 2016 up to 6 million largely middle income workers will pay the PPACA “tax” or “penalty” or whatever we decide to call it, averaging about $1200. This is about 50% higher than previous estimates of impacted taxpayers. A weak economy […]

Project S.H.A.M.E. on Megan McArdle…

Angry Bear has had a history of disagreement with Megan McArdle via her Atlantic magazine posts (starting in 2007), at one point being called Mike and his merry madmen in print by Megan McArdle (in exasperation?). Still. the madmen included Mike, Dan Crawford, Spencer England, Ken Houghton, Robert Waldmann, and other notables brought in to […]

A (Very Big) Problem With Robert J. Samuelson’s Political Advice to Romney – [Corrected]

Earlier this week, before the, um, video-recording news broke, it was reported that Romney planned to bring one of those debt clocks to his campaign rallies.  Hmmm, I thought; Obama should return the favor; he should bring a debt clock to his own rallies. A clock that shows what the debt will be under Romney’s […]

Romney in Boca Raton meets Quantitative Easing

OK just to bring it all together, in Boca Raton Mitt Romney demonstrated that he didn’t know the very latest news about quantitative easing. Kevin Drum reads the transcript so we don’t have to On May 17 2012 Romney: Yeah, it’s interesting… the former head of Goldman Sachs, John Whitehead, was also the former head of the […]

Dwight Eisenhower, That Damn Foreigner!

I know some believe that government should take from some to give to the others. I think that’s an entirely foreign concept. — Mitt Romney, yesterday Might Romney consider checking what the income tax rates on the wealthy were during the 1950s and ‘60s? Nah. What was that funny line that Texas Governor Ann Richards […]

Romney’s Dependency on Rightwing Cliché and Errors of Historical Fact Won’t Deliver Him (Political) Recovery

My experience has taught me that government works best when it creates the space for individuals and families to pursue success and achieve great things. Economic freedom is the only force that has consistently succeeded in creating sustained prosperity and lifting people out of poverty. It is why our economy rose to rival those of […]

What is the Economic Middle Class?

My lovely wife shared this link with me on Facebook.  I got into a discussion in comments there with a right winger who suggested that $250,000 was a very reasonable estimate for median income in Boston. As it turns out, median household income in Boston is $51,914, close to the national average, and way below […]

What is Bahrain?

Nick Turse at Tom Dispatch reminds us amid the election flurry… Secretary of State Hillary Clinton was unequivocal in her condemnation. “We have confronted the Russians about stopping their continued arms shipments to Syria,” she said in remarks earlier this year. “They have, from time to time, said that we shouldn’t worry; everything they’re shipping […]