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

Corporate taxes drive economy….nah.

Posted again….a voice from 2006. In Defense of Corporate Taxes This may well have been the subject of a post by PGL. I apologize if I’m covering the same ground… my memory isn’t always the best. Every so often, someone brings up the idea of eliminating corporate taxes. I haven’t heard it in a few […]

Another whittlin’!

by reader ilsm All the news on disappearing ‘equity’ and dissolving networth brought to mind I should bring some good news from the US Air Force whittlin’ scene to Angry Bear readers. A few weeks ago Boeing told the Air Force that they would not compete against the monster Airbus with their KC 135 replacement […]

Doing the honorable thing

Here’s another great piece by one of our newest and most favorite Mudflatters, Alaska Representative Les Gara. He’s not only a great legislator, with a real insider’s perspective on the surreal world of the Alaska Legislature, but he’s a pretty entertaining read. Enjoy!Since Monday the McCain camp has stepped up its personal attacks against Alaskans. […]

What happened when

Lifted from comments from reader H-Bob: What was the actual precipating event causing the collapse of Lehman, Merrill and AIG at this time ? On September 8th, the news was about Fannie Mae & Freddie Mac without any hint about Lehman, Merrill and AIG. While the subprime mortgage bonds have been an issue all year, […]

$900 billion for you the citizen…never

by cactus Reuters totaled up the cost of the bail-out so far, and their figure sits at 900 billion. Since GDP last quarter came in at 14 and a quarter trillion, we’re talking about the federal government and the Federal Reserve putting up an amount equal to about 6.3% of the economy. Sure, most of […]

CPI, Unemployment=high Misery Rate of 11.5

OSO writes a quiet note: In all this confusion, here’s some CPI figures. -0.1% in August, which is 5.4% annual. 2008 Q3 is looking more and more like a substantial contraction. With August unemployment at 6.1%, the Misery Index is 11.5, the highestsince June 1991. OSO