One of the many outrages of this political moment in America is the refusal by the Republican majorities in the House and Senate to assert the powers accorded the legislature. With the right-wing majority on the Roberts court asserting the “unitary executive theory” and presidential immunity, the only remaining threat to Trump’s seizing dictatorial powers […]
– by New Deal democrat Yesterday, in addition to the retail sales report, general business sales and inventory were reported – but unfortunately only through April. Nominally, sales (red in the graph below) increased 1.2% while inventories increased 0.5%: Here is the longer term look at total business sales and inventories: In case it isn’t […]
Intro: Former Biden CEA Chair: Jared Bernstein from his new Econ Site. Right now Jared’s site is opened to all readers with no fees for the site. You may want to take a few moments and read what he has to say on various economic topics while you can, This commentary is on inflation and […]
Charles Gaba is the go-to-guy if you wish to learn or know about the ACA. What you are going to read about today is the cancellation of healthcare plans due to a lack of enhanced subsidies. Much of this is due to Congress not renewing the subsidies which supported people during the pandemic and the […]
Struggling with complicated truths about what has made our ease possible is not a Trumpist thing. To some degree, it has often not been an American thing. As Kevin Levin, who writes the newsletter Civil War Memory, put it this week, “For generations, the history of slavery and emancipation has been minimized, distorted, or simply […]
Elite opinion so far seems to be running against the deal, but the public may be won over. If the deal holds up, gas prices will come down. In addition, the economy will strengthen and the risk of recession will go down. This is why I thought Trump might just walk away from the war […]
“Obama’s Museum, Trump’s War, & the NCAA’s Latest Sports Scandal,” Kareem Takes on the News “Trumps’War“ Summary: The U.S.-Iran deal announced this week ends roughly five-and-a-half weeks of intense military conflict plus two additional months of uneasy truce, with the primary concrete outcome being the reopening of the Strait of Hormuz to global shipping. President […]
This should not be much of a surprise to anyone. Unless they are independently wealthy (some are), I would expect Dems to secure their portion of donations from the politically interested. However, it appears people had more interest in Republicans this time. Trump cleaned up with three times the amount Kamala Harris received. This opens […]
Inheritances should be taxed as income from the first dollar. For those who bleat that it’s double taxation, the answer is that all taxation is double taxation. I pay taxes on my income, then use some of the taxed remainder to pay for gas and the associated fuel tax. Every time money changes hands, it’s […]
Our first home was a house made of Cedar siding in an oak forest. It had a basement and two car detached garage. Er are on a windling side road coming off of a two-lane road going into a town in Illinois. Most of the time quiet unless they changed the flight pattern. Miss that […]