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

Trump and expertise

Thomas Edsall (gift link): I asked political and presidential scholars how they think Trump’s mind works. Most pointed to his seemingly exclusive reliance on his own judgment while rejecting expert advice. “Many presidents have made mistakes, but none have made mistakes so cavalierly as President Trump,” Michael Bailey, a political scientist at Georgetown University, wrote by […]

Manufacturing Sector

 The manufacturing sector of the economy continued to improve in June – by New Deal democrat There’s a brief hiatus from new data early this week, so let me briefly look at the manufacturing economy, for which industrial production was reported on Friday. To briefly recap my overall position: despite the chaos coming out of […]

President Photobomber

Robert Reich – “He Can’t Resist“ Here’s you-know-who trying, as ever, to be the center of attention today. This picture was supposed to be about celebrating those who deserved it. Congratulations, Spain — along with apologies for our Malignant Narcissist-in-Chief. Embarrassing for America. He doesn’t know any better . . . It almost appears to […]

Congressional Republicans are shrinking ACA enrollment in nearly every state

What Charles Gaba is showing the impact of the legislation passed by Congress eliminating ACA subsidies. This largely has an impact on ACA enrollment this year. I am displaying partial of Charles’ Post on his site ACA Signups. Charles is using the CMS database to show ACA enrollment before and after the Republican controlled Congress […]

Trump’s silly post on Canadian wildfires

“We are holding Canada responsible for the fact that they are not properly maintaining their Forests, and Brush therein, and the United States is being unnecessarily invaded by filthy, polluted, and unhealthy air, the quality of which is dangerous, and totally unacceptable!” Trump wrote on his social media platform, saying he would call Canadian Prime […]

New Deal democrats Weekly Indicators July 13 -July 17

Weekly Indicators: All Timeframes Positive Despite Increase in Oil Prices Despite oil prices heading back north of $80/barrel this past week, the underlying fundamentals in all time frames remain positive, including most importantly consumer spending. As usual, clicking over and reading will bring you up to the virtual moment as to the state of the […]

Court blocks USPS from implementing Trump’s anti-mail voting order

This post can be found on Steve Hutkins’ Save The Post Office. He is featuring a commentary taken from the Democracy Docket as linked to in the first paragraph. As is typical, this commentary is all about Pres. Donald Tr__p who is trying his hardest to block the upcoming election or impede it in whatever […]

USDA Program for Affordable Housing . . .

What Brian is touching upon is the end of a government program providing loans in rural areas for housing. To be specific, the object was providing below-market-rate loans to private and nonprofit developers who build and manage residential housing for low-income residents in small towns and rural counties. It also kept the rent to 30% […]

Wealth taxes in America

I’ve been reading and thinking about the idea of wealth taxes. In principle, it’s an idea I could support. Too much wealth is controlled by too few in America today. The chief argument I see made against wealth taxes is that they’re impractical. In a literal sense, this is easily falsified. We already have some […]