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

“We’re going to end up shooting some of them.”

My last year in the Marne Corps, I was given the task of chasing prisoners. And taking them to the Brig, to the Commissary, to Disbursing, etc. There was not much of a threat from these guys as revenge would have been extracted in the Brig. Attacking an NCO was not a smart idea either. […]

Trump wants to end capital gains tax on home sales

Recently, Trump said he was “thinking about” ending capital gains taxes on home sales. Who benefits? “The biggest beneficiaries of such a change will likely be longtime homeowners in the country’s more expensive housing markets. “Removing or increasing the capital gains limit — currently $250,000 for single homeowners or $500,000 for married couples — on […]

Rural Hospitals Closing Leaving Millions with No Hospital Care

Millions of Americans No Longer Have Hospital Care in Their Community Over the past decade, more than 100 rural hospitals have closed. As a result, the millions of Americans who live in those communities no longer have access to an emergency room, in patient care, and many other hospital services that citizens in most of […]

Do Tariffs have a Purpose Other Than Enriching Trump?

Traditionally, tariffs have been used to protect domestic industry, particularly agriculture and labor-intensive manufacturing. Trump has argued that his tariffs will return manufacturing to the United States and further that they will raise revenue helping offset the $3.4 trillion increase the tax cuts for the wealthy and corporations will add to the debt over the […]

Jobless claims: clear evidence of a break in trend to the downside

 – by New Deal democrat Last week I suggested that there might have been a break in the trend of higher YoY jobless claims, but there was not enough evidence yet. It is fair to say that this week’s report supplied that evidence. Initial claims declilned another -4,000 to 217,000, the lowest weekly number since mid-April. […]

Hawley did Not Have the Courage to Vote Against Trump

This piece deserves a descriptive header by me. I will try . . . “first-term tax cuts) outweighed his concerns” Concerns by Hawley about what? People losing healthcare or concerns Trump will banish him and pick on him? The number also keep changing. An ~ 10 million people will lose access to US funded healthcare […]

Financing Up Coming U.S. Government Debt

Or How Trump’s Bill (with the help of Republicans) Funding Tax Breaks to a Select Upper Income Few Deliberately Breaks the Rest of the Nation. Cost of Financing U.S. Government Debt, EconoFact The Issue: The share of government spending devoted to paying interest on the United States’ government debt has risen since 2020 exceeds what […]

What Former Fed Chair Janet Yellen Says . . .

Janet Yellen warns of dire consequences of drastic Fed rate cuts “Former Fed Chair sends stern message on economy,” Fed “There have been episodes in the past that we know about now where U.S. presidents have attempted to pressure the chairs of the Federal Reserve, Yellin said in a CNBC interview. She said the most […]

‘It’s just better’ According to the U.S. President

Its appears Coca-Cola will be launching a cane-sugar soda this fall in the U.S. The beverage company announced its implementation in its second quarter earnings on Tuesday. This, according to Hannah Parker at Quartz. The new product announcement comes nearly a week after President Donald Trump took to Truth Social Wednesday to declare Coca-Cola agreed to switch […]