T-bone got me thinking in his response to my comment about Obama. Well, as a good AB’er, that meant I had to go a hunting. In this case, specifically for Obama’s econ advisor: Austan Goolsbee. This lead me to an article by Austan Goolsbee, It’s Not About the Money. Wow, a man thinking like me. […]
Science Friday aired a show on 12/14/07 discussing national health insurance. Guests were: Uwe Reinhardt James Madison Professor of Political Economy,Princeton, New JerseyJ. Fred Ralston, Jr Chair, Health and Public PolicyCommittee American College of Physicians, Fayetteville, Tennessee Donald Berwick President and Chief Executive OfficerInstitue for Healthcare Improvement, Cambridge, Massachusetts Here is a real example (as […]
As noted in my last post, I have been playing with income data. I believe that for us to be able to properly understand just where we have been and where we are going, we need to look further back than say the 50’s through Reagan’s time. That is, if the data is around. I […]
I’ve been doing some numbers concerning personal income. Breaking out share of income, savings, GDP, etc based on BEA data and Saez’s data. I’m playing with it, have converted it to year 2000 dollars and will be looking at per capita relations too. Even thinking of converting it all to 1929 dollars. I plan a […]
A few commenters of my last post suggested that picking at the tax code can create big problems if you don’t know what you’re talking about. I agree. Why mess with what is working as evident in the data continuously collected and reported concerning the economy. But, in 1981 they did mess with it and […]
One of my issues with our economy and the shift in share of income has been the tax code. I have consistently stated that something other than the tax rate changed in the code back in 1981 or so when the first change took place. Labor went from being an asset to a liability and […]
I am member of AAII (American Association of Individual Investors). They send out their Investor survey results every week. This weeks:Bullish 25.58% Long term avg. 39.3%Neutral 21.71% Long term avg. 31.9%Bearish 52.71% Long term avg. 28.8% We have all read exuberant stories about how wonderful Black Friday was. The WSJ is doing it’s part to […]
This is an article by the Washington Post: Oil Price Rise causes Global Shift in Wealth. It looks at how different countries are responding based on whether the oil money is flowing in or out. Some countries are spending, but not necessarily to diversify their economies. Some are flexing their muscles now that their financial’s […]
We have a long history. Why not see what this nation was truly use to before we decide whether the opportunity (chance?) to be employed is good, bad or indifferent? I went to the department of labor site and used their graphing for the following charts.First 1948 to 2007 E/P Ratio. What we see is […]
I check out Robert Reich’s blog on occasion being that he is a person who was involved in the past. Yesterdays: Over a decade ago when, as Secretary of Labor, I hollered about the scandal of widening inequality in America, I’d get phone calls from Democratic officials who politely asked me to shut up. After […]