An astute progressive critique of the Trump Administration from … CNBC?!? John Harwood of that well known lefty outlet, …. ummm, CNBC …. writes this morning that “Trump has Forgotten his ‘Forgotten People’:” He forgot them on health care. Jettisoning his campaign pledge to “take care of everybody” regardless of income, he proposed cutting federal health […]
I have watched Ken Houghton, Tom Bozzo, and Daniel Becker out on Facebook and have sometimes made a few not to serious remarks. Similar interests. There are some I just associate with who like to engage in politics which I usually ignore. I go out of the way not to engage with people because you […]
by Hale Stewart (originally published at Bonddad blog) ISM Reports Show Broad Economic Strength: Latest Nowcasts are Strong The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish: The service […]
Lifted from comments, Spencer England says: What Reagan managed to accomplish was to turn the US from the worlds largest creditor nation into the worlds largest debtor nation. Why don’t people see that the expanded deficit will reduce savings and expand the savings-investment gap which is equal to the current account deficit? So crowding-out works […]
A First Step for Organizing Counterpower from Below I’ve been posting a lot of critical stuff on gaps and faulty assumptions in the rhetoric and strategy (such as it is) of the US Left. A reasonable person might say, OK, enough already. We know what we’re doing isn’t working, but what would? What’s the alternative? Good […]
Has Dean Baker Joined Team Republican? The dishonesty ab out the Trump tax cut for the rich from certain Republican leading conservatives are been extensively noted so let’s not go there. But why is Dean Baker writing this? There are two ways in which we can say that a deficit/debt is will hurt our children. The first […]
Cause and effect leaves little room for how people want the world to work. Here are two stories illustrating that. From Bloomberg: A Swiss maker of hamburger buns for McDonald’s Corp. said it’s struggling to run a Chicago bakery after it lost a third of its workers in a clampdown on 800 immigrants without sufficient […]
of His Constituents. Iowa Republican Senator Grassley came out publically stating he wants to eliminate the estate tax to help Iowan farmers stay on their family farms. In rebuttal, the Des Moines Register had this to say: Of the numbers of Iowans paying the estate tax, they can be quantified in the dozens each year. […]
The Great Awokening There’s a theory about the sins and shortcomings of society: they are all due to our failures of consciousness. If people were purer, given to understanding and following the true path, the problems of this world would cease to exist. According to this view, poverty and inequality are the result of greed, […]