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

What is in Republican McCarthy’s debt-limit spending cut package?

Factbox: What’s in Republican McCarthy’s debt-limit spending cut package? Reuters, Andy Sullivan. Items Republicans and McCarthy are pushing for in a debt-limit package. The bill would essentially pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the federal debt limit. Republicans are wanting to talk about government borrowing. “What’s in your wallet,” […]

New Deal democrats Weekly Indicators for May 1- 5

run75441’s footnote to NDd Weekly Analysis . . . The analysis by NDd is one of the most thorough ones, I read on a weekly basis. It sums up the week casting the numbers for the week in comparison to what is going on economically. What I see happening in the economy, NDd brings to […]

That Pesky First Amendment Scores Again!

That Pesky First Amendment Scores Again! annieasksyou… I am often critical of the mainstream media, whom I find too insensitive to the fragility of our democracy in their determination to present “both sides” of issues that often don’t have two sides. For example, I’m more than frustrated with much of the coverage of the House […]

April jobs report: deceleration continues, with sharp downward revisions to previous months’ gains

April jobs report: deceleration continues, with sharp downward revisions to previous months’ gains  – by New Deal democrat My focus for this report continued to be whether the leading sectors and other indicators continued to decline, and whether the pace of growth continued to decelerate. While the deceleration in growth did occur – and substantially […]

Bankrupt Bed Bath & Beyond goes after Container and Shipping Companies

Bankrupt Bed Bath & Beyond goes after container shipping lines, freightwaves.com, Greg Miller Kind of an interesting story if true. Bed, Bath, and Beyond contracted for a specific number of containers to haul their ordered product from one destination to the US. From the way the allegations go, the Container Company/Shipper failed to provide the […]

Jobless claims hoist yellow flag again; employment and unemployment likely to show further deceleration tomorrow

Jobless claims hoist yellow flag again; employment and unemployment likely to show further deceleration tomorrow  – by New Deal democrat Initial jobless claims rose 13,000 to 242,000 last week, while the 4 week average rose 3,500 to 239,250. Continuing claims, with a one week lag, declined -38,000 to 1.805 million: This is right in the […]

How to end the debt ceiling stand-off democratically:  set fiscal policy through elections, not hostage taking

The Biden administration and congressional Democrats have so far refused to negotiate with House Republicans over spending cuts to resolve the looming debt ceiling crisis.  This tactic has successfully pressured Republicans into passing a bill with unpopular spending cuts that Democrats will quite rightly use to their advantage in the upcoming election.  But now that […]

Running Late tonight and I am Tired.

New Deal democrat has a post up. I hope you read it as it is some of the best commentary on the internet abut Labor, Employment, Unemployment, plus the basis for each. I read him each day as I post his dialogue. It is excellent. So as you are waiting for me to post a […]

The un(der)employment rate leads wage growth: 2023 update

The un(der)employment rate leads wage growth: 2023 update  – by New Deal democrat I had already planned on taking an updated look at wage growth today, but there was a little flutter on twitter about job openings and last week’s Q1 wage and benefits data, so that sealed the deal. To wit: as I used […]