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

Oil Buyback Replenishing SPR

RJS; Focus on Fracking Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks — The Biden Administration will purchase 60 million barrels of crude in Q3 (Yahoo) in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after authorizing a record release over six […]

Leaking Alito’s draft overturning Roe v. Wade

Letters from an American May 4, 2022, Prof. Heather Cox Richardson Overturning Roe v. Wade The uproar over the leaked draft of the Supreme Court decision overturning Roe v. Wade continues. You can tell just how furious the reaction has been by the fact that establishment Republicans are desperately trying to turn the public conversation to the […]

Taiwan Harpoon Budget

Taiwan says new Harpoon missiles will help it crush half of Chinese invasion fleet Taiwan says US$2.37 billion worth of Harpoon missiles would enable it to obliterate half of Chinese invasion armada “TAIPEI (Taiwan News) — Taiwan’s military on Oct. 27 [2020] stated that the potential sale of US$2.37 billion worth of Harpoon anti-ship missiles […]

What effect will over-ruling Roe have on public opinion and the mid-term elections?

Assuming the Supreme Court issues a sweeping opinion overruling Roe, how will this affect the upcoming midterm elections?  This question is being widely examined, e.g., here, here, here.  My take is that the key issue is whether the personal stories of women (and teenagers) affected by abortion restrictions get told. First, a brief review of […]

Why Is Any of This a Surprise?

As CNN reports . . . “Sen. Susan Collins: Referencing the Supreme Court draft opinion overturning Roe v. Wade (Politico) is ‘completely inconsistent’ with what Justice Neil Gorsuch and Justice Brett Kavanaugh ‘said in their hearings and in our meetings in my office.’” Wow, whata surprise! Political appointees to SCOTUS might fib a little, ok more than […]

Roasting McConnell and his attacks on SCOTUS Independence

Jacob Seitz, “Twitter Users Roast Mitch McConnell After Statement on Roe v. Wade (dailydot.com)“ Comments from Twitter , , , As one commenter put it bluntly, “Get Bent McConnell.” In the statement, Republican Senate Leader McConnell refers to the leaked majority opinion drafted by Justice Samuel Alito as a “stunning breach” and an “attack on […]

The politics of student debt forgiveness

Progressives have been pressuring President Biden to forgive student debt using existing administrative authority.  Calls have gotten louder as Democrats become more concerned about their weak position going into the November mid-terms.  Supporters of debt relief point to polls showing support for relief, especially among younger voters that the Democrats need to mobilize.  There are […]

Student Loan Debt Forgiveness

I was reading the commentary on student loan forgiveness since Joe Biden has said he would do something. It is not going to be $50,000 in forgiveness as Senators Warren, Sanders, and Schumer are pushing. Biden has said it is unlikely it will be this amount. Indeed, he suggested $10,000. The $10,000 might be worthy […]