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

The Great Growth Target Leak of 1961

In Doctor Strangelove, General Ripper explains to Captain Mandrake why Clemenceau’s dictum on war is now obsolete: He said war was too important to be left to the generals. When he said that, 50 years ago, he might have been right. But today, war is too important to be left to politicians. They have neither […]

Hacked E-mail Servers

Of course the big news is that Russian hackers (probably linked to the Russian government) hacked Democratic National Committee servers and leaked embarassing e-mails (and deliberately leaked social security numbers) via Wikileaks. This supports the hypothesis that Putin is trying to get Trump elected. It sounds like a fringe tinfoil hat conspiracy theory, but I […]

PPACA Premiums are Lower than You Think

Or so The Brookings Institute would like us to believe. What would cause Brookings to take such a stance especially since parts of the PPACA increased costs dramatically and premiums have increased dramatically? Coverage such as: mandated guaranteed issue regardless of health status; restrictions on the ability to charge different premiums based on anything besides […]

Inflation & Corporate Profits

Is there a relationship between Inflation and Corporate Profits? I think so. But I do not know of anyone talking about the relationship, so I will. The point I want to make is that corporations control prices. They set prices. They are not just price-takers. Corporations will change prices with an eye on their profits. […]

Apparently it wasn’t time for some traffic problems on I-95 during Kaine’s term as governor

Kaine’s emails show he was engaged on everything from traffic flows on southbound I-95 to explanations on why he picked one state lawmaker over another to sponsor income tax legislation. “Because I know him much better,” the governor wrote. — Kaine email trove shows media-savvy micromanager, Darren Samuelsohn, Politico, today I thought it was time […]

Ugh. Okay, still …

In a letter co-signed by 15 other Senate Democrats — and every Senate Republican — Kaine asked the Consumer Financial Protection Bureau to exempt community banks and credit unions from many of its regulatory requirements. In justifying these exemptions, the letter suggests that these regulations would make it more difficult for these small banks to continue “spurring economic growth” […]

I think Kaine will be fine. [UPDATE: I’m no longer so sure.]

When I posted this earlier today it was because I had just read an article about these letters Kaine had joined other members of Congress in signing last week.  The article wasn’t the one I just linked to; I can’t find the one I read.  But I misunderstood it in two respects: I thought the […]