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

Cactus and his merry band of madmen…and Megan McArdle

I googled the title phrase and ‘Behold!’, here are the three links.  Mike also sent them. Cactus and his merry band of madmen and Megan McArdle Megan McArdle has a question Megan McArdle has a question: What happens to the cottage industry among Democratic-leaning armchair economists grinding out analyses proving that Democratic presidents are, like, totally […]

More New Books Highlight Plight of Middle Class

by Kenneth Thomas More New Books Highlight Plight of Middle Class The situation of the middle class is a hot topic these days, and rightly so. In addition to James Carville and Stan Greenberg’s recent book, It’s the Middle Class, Stupid, new books are out by Donald Barlett & James Steele, Jeff Faux, and Mike […]

Health Care Thoughts: PPACA Penalty/Tax

by Tom aka Rusty Rustbelt Health Care Thoughts: PPACA Penalty/Tax The Congressional Budget Office predicts in 2016 up to 6 million largely middle income workers will pay the PPACA “tax” or “penalty” or whatever we decide to call it, averaging about $1200. This is about 50% higher than previous estimates of impacted taxpayers. A weak economy […]

Project S.H.A.M.E. on Megan McArdle…

Angry Bear has had a history of disagreement with Megan McArdle via her Atlantic magazine posts (starting in 2007), at one point being called Mike and his merry madmen in print by Megan McArdle (in exasperation?). Still. the madmen included Mike, Dan Crawford, Spencer England, Ken Houghton, Robert Waldmann, and other notables brought in to […]

What is Bahrain?

Nick Turse at Tom Dispatch reminds us amid the election flurry… Secretary of State Hillary Clinton was unequivocal in her condemnation. “We have confronted the Russians about stopping their continued arms shipments to Syria,” she said in remarks earlier this year. “They have, from time to time, said that we shouldn’t worry; everything they’re shipping […]

Romney’s Tax Views

by Linda Beale Romney’s Tax Views Lead to Blooper Comments Denigrating America’s Elderly and Poor Most of us who follow tax issues in the news and in political campaigns are aware that GOP candidate Mitt Romney has been very secretive about various items. First and foremost, he has been secretive about his own extraordinary wealth:  […]

Wall Street Rule…Has Someone Noticed the IRS isn’t Enforcing Tax Laws in the Mortgage-Industrial Complex?

Yves Smith continues her look at the Wall Street Rule: Reader Deontos highlighted a post on Reuters by two Brooklyn Law School professors, Bradley Borden and David Reiss, on a subject near and dear to our hearts, the abject failure of the IRS to take interest in widespread, probably pervasive, violations of REMIC, the part […]

Who are the 47%? And the irony might be remarkable.

(Dan here…Afferent Input started to write for Angry Bear but was subsequently uprooted with family to live and thrive in Germany for a few years, and gave up blogging.  He and a now bigger family have moved back to the States, so may begin to blog again.  Welcome back AI! ) by Afferent Input Romney […]

 Atrios is an economist and reminds us of an option not taken: I don’t think Bernanke can legally start mailing checks tous, though I think when he hits the “emergency powers” button he canprobably do just about anything, but it isn’t said often enough by theright people that there are alternatives to giving free money tobanks, such […]