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

There are limits to the analogy between Clinton’s 2008 primary contest with Obama and Sanders’s primary contest now with her. Clinton doesn’t get that. But she needs to figure it out because the differences matter.

We got to the end in June, and I did not put down conditions. I didn’t say, ‘you know what, if Senator Obama does X, Y, and Z, maybe I’ll support him.’ I said, ‘I’m supporting Senator Obama, because no matter what our differences might be, they pale in comparison to the differences between us […]

Denmark, the VAT Tax and Paul Krugman

So Sanders and Clinton are arguing about soda taxes — Clinton for, as a way to raise money for good stuff while discouraging self­-destructive behavior, Sanders against, because regressive. I have no illusions that rational argument will make much difference in the short run; we’re in that stage where anything Clinton supports is ipso facto […]

The US suicide rate has increased markedly over the past 8 years

The US suicide rate has increased dramatically (via Kevin Drum whose commentary is excellent as usual) I have two thoughts about possible causes One hand gun ownership. I know the rate of gun ownership has declined (always explained by the alleged decline in hunting). It is rare for people to kill themselves with rifles. I […]

I’ve diagnosed the problem (with Clinton’s campaign; one of the problems, anyway): She keeps coming up with vapid soundbite lines that in the context of this primary contest are ridiculous. Like “It’s easy to diagnose the problem. You’ve got to be able to solve the problem.”

I’m getting really good at recognizing instantly the latest vapid or ridiculous soundbite that Clinton has settled on and will be repeating again and again.  So I detected her latest one the moment she introduced it at last Thursday’s debate: It’s easy to diagnose the problem. You’ve got to be able to solve the problem. […]

Krugman The Clairvoyant

[Paul Krugman] has a negative view of Bernie Sanders “Why I Haven’t Felt the Bern “ which links to his column on insulting Dixie. The post is brief and a bit odd — Krugman criticizes Sanders for: “… the casual adoption, with no visible effort to check the premises, of a story line that sounds good. It’s all […]

A question looming before the debate last night was: Which of two mutually exclusive positions Clinton has taken recently on Dodd-Frank’s too-big-to-fail provision would she repeat in the debate? The answer: Both. [Updated 4/16]

As for Clinton herself, her bandwagon-jumping nature is a big reason why so many people dislike her.  But in this instance there was the additional element of dishonesty: she knew that Sanders rather than the editorial board members had it right about what Dodd-Frank provides. She had said so publicly, recently, in a statement in […]

Would you want Hillary Clinton as your home-mortgage broker? (This is a serious question, although it has nothing to do with actual mortgages. I don’t think.)

As for Clinton herself, her bandwagon-jumping nature is a big reason why so many people dislike her.  But in this instance there was the additional element of dishonesty: she knew that Sanders rather than the editorial board members had it right about what Dodd-Frank provides. She had said so publicly, recently, in a statement in […]

Paul Krugman Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed: That Sanders, rather than the New York Daily News editorial board members, don’t know what Dodd-Frank authorizes the federal government to do concerning ‘systemically important’ (a.k.a., too-big-to-fail) financial institutions. Good for him.

Which brings us to Snoopy, who has, for reasons I don’t fully understand, long been the emblem of the insurance giant MetLife. “At the end of 2014 the regulators designated MetLife, whose business extends far beyond individual life insurance, a systemically important financial institution. Other firms faced with this designation have tried to get out […]

Why did Paul Krugman and the Washington Post editorial board—both of whom know better—misrepresent that it was Sanders rather than the New York Daily News editorial board that was wrong about what Dodd-Frank provides, and about whether it would be Treasury or instead the financial institutions themselves that would determine the method of paring down?

As Dean Baker and several (mostly) alternative-media and hobbyist bloggers—including actual experts on Dodd-Frank and on financial-institution governance—have noted since the New York Daily News editorial board released a transcript last Tuesday of its interview with Bernie Sanders, it was not Sanders but instead members of that editorial board who were deeply confused about what […]

Senator Warren to Senate Republicans; If you do not like the choice of being shot or taking poison, then “Do Your Job”

A question to Senator Lindsey Graham by “The Daily Show’s” Trevor Noah asking why he endorsed Cruz for the Republican Presidential candidate over Trump. Earlier, Noah ran a clip of Graham stating it was a choice between getting shot or being poisoned and the reasoning for the choice of Cruz was there may be “an […]