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

Lebanon’s Leaders Resign over deaths of 200, but Trump refuses Accountability for 163,462 Deaths

Prof. Juan Cole, the Richard P. Mitchell Professor of History at the University of Michigan, Ann Arbor is also the founder of the blog Informed Comment. Professor Cole writes on international issues. Angry Bear has featured Prof. Cole from time to time. “Lebanon’s Leaders Resign over deaths of 200, but Trump refuses Accountability for 163,462 […]

July inflation consistent with early recovery; no compelling evidence of wage deflation

July inflation consistent with early recovery; no compelling evidence of wage deflation   Yesterday morning July consumer prices were reported to have increased 0.6% for the second month in a row (as did core inflation, ex-food and energy): As a result, YoY inflation has increased to 1.0%:

The rational self-interest theory of politics meets Donald Trump

In a semi-rational world, Trump and Senate Republicans would have agreed to a reasonably generous economic relief package along the lines of the HEROES Act approved by the House.  Without an extension of the special pandemic unemployment benefits and aid to state and local governments, a humanitarian disaster is inevitable and a macroeconomic disaster a […]

“Executive Order” Versus “Executive Action” Such As A Memorandum

“Executive Order” Versus “Executive Action” Such As A Memorandum  Most of the news media has reported that President Donald J. Trump has signed four “executive orders” involving extending unemployment benefits at a $400 rate, deferring (or ending?) payroll taxes for Social Security (opposed by both parties in Congress), extending a ban on evicting renters, and […]

The 2020 Presidential election nowcast: polling trends favorable to Biden continue

The 2020 Presidential election nowcast: polling trends favorable to Biden continue   Here is my weekly update on the 2020 elections, based on State rather than national polling in the past 30 days, since that directly reflects what is likely to happen in the Electoral College. Let me begin with a reminder that polls are […]

Can A President Appropriate Funds for a Program?

With regard to Trump’s three memos and one Executive Order. We did go through this one time before with the ACA and funding for the Risk Corridor Program as I wrote “Risk Corridor, Healthcare Premiums, Companies Leaving the Exchanges, and Republicans.” The GAO said the President can not appropriate funds for funding of programs. Only […]

Healthcare Workers Union Pushing Medicaid Expansion in States

Oklahoma If you remember, I wrote about Oklahoma squeaking through its own initiative to expand Medicaid for low-income people. In theory, the state will be in the driver’s seat (mostly) in deciding how much money it will allocate to the program rather than the Federal government. Political interests will have a difficult time killing Medicaid without […]

Elites versus the public on renaming army bases

According to the Washington Post: Half of Americans oppose renaming military bases currently named after Confederate generals, while 42 percent support the changes. Once again there is a significant partisan split, with 81 percent of Republicans and 50 percent of independents opposed and 66 percent of Democrats in favor. A majority of Americans ages 50 and older are opposed […]