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

Latest World Trade Organization Lunacy

Dan Becker’s post Trans Pacific Partnership: A new Constitution gained a lot of traction because once again the public media is beginning to pay attention to trade policy. Angry Bear has carried a number of posts on the World Trade Organization intent and structure…here are several on the particular issue between Antigua and the US. […]

John Boehner Needs a Dictionary

All of these bipartisan discussions are encouraging, and Republicans hope they will lead to real solutions that help American families. But presidential leadership is really what’s needed. By shifting the focus from charm to courage, and eventually action, we can guarantee our children a future where everyone has the opportunity to find work and pursue […]

Expounding on To Big To Fail, SEC Policy, DOJ prosecution action

Linda posted here on To Big To Fail and made suggestions as to how to fix it. I want to just add some more background information to the discussion. Via Bob Swern at Daily Kos who linked to a post by Pam Martens at Wall Street on Parade comes a bit of transcript from the […]

Health Care Thoughts: More Complexity Grumbling

by Tom aka Rusty Rustbelt Health Care Thoughts: More Complexity Grumbling I have made the point many times that if anything stops Obamacare it will be the inability to implement an extremely complicated program. Call it “Rusty’s Theory of Complexity.” The feds have now published (link below) the draft application for financial assistance in health care […]

More Right Wing Lies – Now As In The Roaring 20’s

Amity Shlaes, the disinformation bunny, is still going.  In the latest issue of Imprimus, a publication of Hillsdale College, is a transcript adapted from a recent talk she gave there during a conference on the Income Tax, sponsored by Hillsdale’s own Center for Constructive Alternatives and the Ludwig von Mises Lecture Series.  Right away, you […]

Addressing TBTF with tax and other policy: because "Big Banks Go Wrong, Pay Little Price"

by Linda Beale Addressing TBTF with tax and other policy: because “Big Banks Go Wrong, Pay Little Price” The New York Times today reiterated what many Americans lament–Big Banks went uncharged for serving as the main engine of the Great Recession that cost ordinary Americans jobs, homes and futures.  See Andrew Ross Sorkin, Big Banks […]

Austerity and Budgets explained

In support of Beverly’s latest post and all her past postings wanting for Obama (or the Dem’s in general I would say) to explain the truth about how a government’s money really flows, I present this video from the Watson Institute. (via Didby at Hullaaloo.)  I happen to agree, it would be nice if our […]

Douglas Holtz-Eakin: Balancing the Budget Is Just a Sales Gimmick to Gut the Federal Government. And We Republicans Think It Will Work! [UPDATED]

But several right-leaning fiscal experts described a balanced budget as a tool to force a fractious Congress to tackle the nation’s long-term budget problems. “It is important to reduce the debt, and balancing gets you there faster,” said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and a prominent Republican economist. “That’s paramount.” […]