Yesterday there were reports (political wire) that the undecided vote is breaking for Harris. How big a boost might this give to her election chances? r = Republican vote share d = democratic vote share u = undecided vote share s = share of undecided vote that breaks for Harris Putting aside the third party […]
Michelle Goldberg has a sobering piece (gift link) on what she expects from a second Trump presidency. Her biggest fear is that Trump will undertake a large-scale roundup of unauthorized immigrants. Goldberg expects large protests in response to roundups, possibly followed by violent repression of protesters by the military. I agree that this is both […]
I hope not. For once there is a civil service servant(?) who is not afraid to challenge big business in the US. If they wish to fire someone? How about the USPS Postmaster General Louis DeJoy? Why Musk predicts Lina Khan will be “fired soon” by Robert Reich Substack Yesterday, Elon Musk, CEO of SpaceX […]
Unless you are a Republican and then nothing is good economically. This difference between the economic negative vibes and the real economic facts is laughable. Even such doubt was evident in the Summer of 2024 when things were improving. The improvement during and after the summer still did not change much doubt of the administration […]
An abbreviated recital of the full commentary as detailed by the CBO. I was curious as to whether Trump is fibbing to us again. He mostly is. Nobody calls him out and people believe his nonsense. Read on . . . Effects of the Immigration Surge on the Federal Budget and the Economy | Congressional […]
Here’s House Speaker Mike Johnson: “We want to take a blowtorch to the regulatory state. These agencies have been weaponized against the people. It’s crushing the free market; it’s like a boot on the neck of job creators and entrepreneurs and risk takers. And so health care is one of the sectors, and we need […]
by Harriet Torry WSJ U.S. GDP rose at a 2.8% annual rate in the third quarter, easing slightly from the previous quarter. The U.S. economy continued its recent strong stretch this summer, bolstered by hefty consumer and government spending. Gross domestic product increased at a 2.8% annual rate in the third quarter, adjusted for seasonality and inflation, […]
The election is very close. This piece explains why the polls could easily be off by 5 points or more. Because the polling errors are very likely correlated across states, this means there is a reasonable chance that the election will not end up being close, but we have no idea who is ahead. Trump […]
– by New Deal democrat As usual, I’ll take a quick look at this morning’s headline GDP numbers for Q3 before passing on to my more important focus on the release’s leading components. Real GDP grew at a 2.8% annualized rate in Q3. Just like Q2, this is a perfectly good number in line with the […]
Republicans have long objected to the ACA, and Trump tried several times to have it overturned; he’s claimed he’ll replace it with something better, but in eight years, he’s never come up with even a rudiment of a proposal. And here’s Speaker Johnson at a campaign stop yesterday: “No Obamacare?” an attendee asked Johnson, referring […]