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

Credit Default Swaps Again

by Robert Waldmann My post on “what the hell are credit default swaps for” got lots of comments and I learned a lot from the comment thread. I continue my effort at remedial education via blogging. First a very simple article by Martin HutchisonDoes this guy know what he is writing about ? Key quote […]

Chris Dodd knows how to play Chicken

by Ken Houghton I had the same reaction to his “we have to do something” comments on Sunday as Dr. Black. But we both, clearly, forgot the game that was being played. Monday is a day of work, and Dodd has clearly prepared well: Sec. 1. Short title; table of contents.Sec. 2. Authority to purchase […]

The Safest Senator

When calling Congresscritters tomorrow, especially for those in NY State, please feel free to remind Senator Schumer’s office that he and Barack Obama were the two people [in contested elections] who finished with the widest margin of victory in 20062004 [h/t to my Loyal Reader and Kohole in comments]—about a 50% margin in both cases. […]

While some liberals have a problem with Obama/Biden…

…how are people who, eight years ago, were proudly displaying “Sore/Loserman” bumper stickers going to react if/when McCain announces Loserman as his pick for VP?* UPDATE: Otoh, if the NYT and Reuters are correct, any claim that Obama is “too inexperienced to be President” just went out the window. *This is not necessarily going to […]

Polling Margins: The Myth of "Double-Digits"

There is a strange meme in the blogsphere—most recently made in comments here by Movie Guy—that Obama “should have a double-digit lead over McCain at this stage as has been the case with previous presidential primaries.” So I went searching for double-digit leads among two-person Presidential races in the past several elections. August 2004 (Bush […]

Andrew Samwick ponders The Ancestral Party

“On days like this, I wonder if I’m still a Republican.“ I gave up on the Party long ago; I gave up hope when a (very) distant relative wrote an op-ed for the NYT on why he would not support impeachment in 1998, and was attacked by the party for the next few years, before […]

Soc Sec XXXVII: Backwards Transfers: Biggs Responds

Soc Sec XXXVI: $17 Trillion Backward Transfer was a response to a comment by Jim Glass (scrivener.net) to a post by Andrew Biggs. Andrew responded with a new post attempting to rebut my argument. You can see the whole thing at Responding to Angry Bear: Where does $17 trillion come from including my response to […]

It’s All About the Governors

Roger Ailes notes that Tim Kaine (D-VA) is the frontrunner for Dem VP, while KathyG (whose post on Cass Sunstein is a must-read) notes that Tim Pawlenty (R-MN) appears likely to be McCain’s choice, likely ensuring one ovation at the Minneapolis convention. Hmm. The man who presides over his state being described as “the state […]