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

One Path Left to Impeachment

– J.P. McJefferson Thoughts In today’s hyper-partisan Washington, calls for impeachment have become almost routine—more a reflection of political frustration than a viable governing strategy. Pundits debate the merits, party leaders posture, and voters are left to wonder whether any of it can actually lead to action. Under current conditions in the House of Representatives, […]

What’s in a name?

Godwin’s law states: “As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches one.” In my experience, a similar law applies to the words “socialist,” “communist” and “Marxist.” All three words are used interchangeably and as epithets, not descriptions of governments or economic systems. Let’s start with Marxist: “The […]

March retail spending: including or excluding gasoline makes all the difference

 – by New Deal democrat Consumer spending is about 70% of the economy, and retail sales is our first wide measure of that spending. This morning’s update for March (still after all these months delayed about a week compared with the schedule before last autumn’s government shutdown) was unsurprisingly dominated by what happened at gas stations.  […]

Updating the long leading indicators: per capita real retail spending and real spending on goods

– by New Deal democrat So much of the changes to the economy has been dictated by the whims of the White House that it has not made much sense to throughly update the suite of long leading indicators in many months. After all, why chart their incipient effects when they are consistently being overtaken by […]

Immigration Enforcement Harms all Labor

Unemployment has increased for U.S.-born workers in the face of mass deportations: Trump’s draconian immigration enforcement is harming all workers. Economic Policy Institute, April 3, 2026 During the 2024 campaign, Donald Trump and J.D. Vance promised that mass deportations and a crack-down on immigration would open up jobs for unemployed U.S. citizens. The theory was […]

Gasoline Prices, Trump Says . . .

As Americans Struggle With Soaring Prices, Trump Says $4 Gas Is ‘Not Very High,’ Common Dreams President Donald Trump on Thursday brushed off Americans’ concerns about paying $4 per gallon of gas, telling a group of reporters that this price is “not very high.” While speaking with journalists on the White House lawn, Trump was asked by a reported […]

Less Dire Household Survey Labor Market Recap

Household Survey Labor Market Recap February 2026. All in all, still a soft report as told by Preston Mui at Enploy America. As he suggests, methodological quirks explain some of the weakness but it only go so far. The Fed will not see this as a reason to cut imminently, but they’ll be on guard. […]

USPS facing a cash crisis

“As USPS faces a cash crisis, rivals FedEx, UPS spend big on lobbying” – By Joedy McCreary, April 13, 2026 Open Secrets FedEx and UPS spent almost $20 million on lobbying last year. (Photo by 400tamx/Getty Images) FedEx and UPS – two private carriers positioned to capitalize on a weakened U.S. Postal Service – poured […]