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

A line of connection in experienced disconnected thought: Southern economic growth, anti-union, free trade job loss, today’s economy

by divorced one like Bushcaution, a long read I’ve been reading: Making Government Work by Ernest F. “Fritz” Hollings. Yes, that Hollings of Gramm and Rudman legislation fame. It is kind of rambling read, but I now understand why our congress of the democratic party side has been acting like moderate republicans and not liberal […]

It’s not that Schiff was so correct, it’s that the shows were so manipulative

by: Divorced one like Bush Crooks and Liar’s posted this video, but their presentation seems more from a position of how correct Peter Shiff was. I think what is more important, and a better lesson to learn is how much crap was being presented by Fox as real, reliable, truthful information that “you can use”. […]

Obama, is he or isn’t he … real?

by: Divorced one like Bush As we watch the “team” Obama is putting together and the discussions regarding how reflective of progressive ideas they are vs same old, same old, I thought I would add to the hunt for Obama’s true identity. These are comments from his policy positions regarding development of our living environment […]

Eliot L. Spitzer, is back

By: Divorced one like Bush I was wondering why Mr. Spitzer had not been heard from? Was his personal indiscretion so great that his knowledge and expertise would not trump such? He has an opinion at the Washington Post yesterday. The new president’s team must soon get to the root causes of the mistakes that […]

The National Money Hole, should it go?

This is a very important issue that should be discussed at all econ blogs. It has far reaching ramifications and frankly, I want to know why we did not hear more about the closing of the National Money Hole from president elect Obama. Nor was there one word coming from the Republican Governors Association meeting. […]

FYI: AIG’s new money deal

mmckinl mentioned the new AIG deal. Naked Capitalism has a post by Yves Smith regarding the new and improved AIG plan titled: The looting continues (Bannana republic watch). It reviews a WSJ article and notes that AIG is getting a rate cut (5.5 point reduction) with more money for a longer term (5 years instead […]

What do we want our economy to do? Misuse of GDP

by Divorced one like Bush(successfully I might add) I had the following quotes sitting around for awhile. Like May of 07. Being that we have a “crisis” with our economy (I have a hard time with the word crisis being used, it implies suddenness, unseen), a new governing philosophy in place and we really, really, […]

TV serials as an indicator of inflation

by: Divorced one like Bush Just a little point of order regarding how bad this economy is. Lost in Space 120 episodes, 33.2 per seasonBatman (on twice weekly) 120 episodes, 53.33 per seasonThe Virginian, 249 episodes, 27.67 per seasonThe Beverly Hillbillies, 274 episodes, 30 per seasonGilligan’s Island, 98 episodes, 32.67 per season New season started […]

Taxation’s Rhetoric: Today and yesterday’s economic crap

by: Divorced one like Bush In a posting regarding which presidents would be considered socialist I found the following curious:1921 – 4% 73% Census1922 – 4% 56% Census1923 – 3% 56% Census1924 – 1.5% 46% Census1925-1928 – 1.5% 25% Census1929 – 0.375% 24% Census1930-1931 – 1.125% 25% Census 1982-1986 12 brackets 12% 50% IRS1987 5 […]

Larger, greater than expected…Declines

by Divorced one like Bush US Initial jobless claims decline larger than expected in May 31 week (6/5/08) Mortgage finance giant suffers much larger-than-expected loss due to reserves for credit losses and slashes its dividend to preserve capital. (8/8/08) Factory orders decline more than expected in August (10/2/08) Retail sales for September posted its steepest […]