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

Spending Cuts Over More Taxes to Cut Deficit

Some of what people favor is ok until they are impacted by increased taxes, spending cuts, and reducing programs. Suggestions politicians and political interests are looking over. Some are unlikely to ever pass Congress. Although, whacking Medicaid recipients was largely supported by Republicans and Tru_p. Eleven to fifteen million citizens will lose coverage. “Americans Favor […]

Penny RIP

I see where the Philadelphia mint yesterday pressed the last penny. This holds a little nostalgic interest for me in that I collected pennies when I was a kid. Back then, there were three mints—Philadelphia, San Francisco and Denver—so a complete set for any given year meant getting pennies from each mint. The coins minted […]

Important thought for the day: lessons from SuperNanny “about Caving”

– by New Deal democrat From Avika M. Cohen, “Litigation Disaster tour guide”: ——- Ppl need to understand what’s happening here. The GOP response to the shutdown was: You’re gonna cave, or we’re going to hurt vulnerable people by shutting off SNAP. The Dems, unwilling to let that happen, caved. Having watched that, the GOP is […]

Money where their mouth isn’t

The Republican Party and the American right-wing (but I repeat myself) has been predicting for over 100 years the doom of the US if liberals or moderates are elected. Yet somehow, these absurd prophecies are evergreen. “Fox News host Sean Hannity on Tuesday ranted about the supposed dangers of New York City Mayor-elect Zohran Mamdani, […]

Why is the housing crisis global?

Demand, Costs, and Regulation . . . The one-handed economist Gary @ YouTube gives one good answer: the rich are buying all the houses. So go watch that, to learn about one shift on the demand side. Shifts in demand are caused by, among other things, changes in income or taste. The rich have more income so they […]

Average Tariff Rate Under Trump is Highest Since 1940s

In 2024, before the renewed trade war, the US tariff rate stood just under 2.5 percent. Between the new emergency IEEPA tariffs and national security Section 232 tariffs, we estimate it will rise to 13.0 percent. That’s the highest tariff rate since 1941.  The government has been shut down for 40 days, delaying key federal […]

The 4 shocks jolting the US economy towards recession

– by New Deal democrat This week the normal empty period for new data after the monthly jobs report is of course compounded by the government shutdown. There is no noteworthy new private data coming out until Thursday, so don’t be surprised if I play hooky tomorrow. But today let me follow up on some macro […]

Did Democrats Really Win the November Election?

Commentary by J.P. Jefferson @ “J.P. McJefferson Thoughts,” Substack In response and adding to “Thoughts on the election and the state of politics,” Eric Kramer Democrats just supposedly had a huge victory on November 4, 2025, but are we any closer as a country to making the critical decisions that must be made? Or are […]