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

Not Accepting Federal Funding to Prevent Appearing as Being Bought by the Feds

Federal Funding and Politics, and Safety? When does the latter out-weigh the former? A Texas county devastated by deadly flooding earlier this month had rejected federal funds in 2021. Funds that could have helped install a flood warning system. However, local officials and residents were arguing they didn’t want to be “bought” by the Biden administration. As far back as […]

Trump threatens EU and Mexico with higher consumption taxes on Americans

Trump is counting on his base not understanding that tariffs are a consumption tax. They make imported goods more expensive and allow domestic producers to jack up their prices by relieving competition. “[Douglas Holtz-Eakin] added that Trump was using the letters to demand attention, but, “In the end, these are letters to other countries about […]

The People vs Wealth

I don’t know much about New York City, but I do know that the upcoming NYC election will be about democracy vs wealth, the people vs wealth; about whether wealthy interests or the people govern.  How do I know this?  Because, ever since our Declaration of Independence and Constitution threw off the tyrannies of monarchies […]

New Deal democrats Weekly Indicators July 7-11

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Despite the warning signs in some of the recent monthly data that I’ve highlighted in the past several weeks, the high frequency data this past week indicated smooth sailing, at least for now. Some of that is likely due to the 4th of […]

Billionaire’s Effort to Crush Mamdani is Rooted in Fears of Nationwide Progressive Wave

I believe this is kind of interesting. Everyone of the important people are in a tizzy over a Muslim running to be the Mayor of NYC, Zohran Mamdani (a Muslim) wants to be NYC’s mayor. JPMorgan Chase CEO Jamie Dimon panned New York City mayoral candidate Zohran Mamdani as “more a Marxist than a socialist.” They are […]

There’s a MAGA sucker born every minute

Looks like if you want to set up a Ponzi scheme, you just have to call it “anti-woke.” Of course, the opposite of woke is asleep. “The complaint alleges that First Liberty founder Brant Frost IV misappropriated investor funds, making payments to himself and relatives of more than $5 million and used other funds for […]

Trump’s idea of diplomacy

Until this January, you might have thought that a gift for diplomacy would be high on the list of qualifications for an ambassadorship, even if it’s the US Ambassador to Malaysia. You’d be wrong. “Coverage of his nomination has largely focused on his openly misogynistic content and internet boasts about having “the body of a […]

Massive Giveaway to the Student Loan Industry

It has been a while since Angry Bear has featured Student Loan Justice and Alan Colling on Angry Bear. The issue still remains. A Corporation can seek loan forgiveness and get it. Students were denied access to such bankruptcy for decades before the Covid epidemic. It was too late when Biden sought more student loan […]

One Senator says he’ll make sure Medicaid cuts Never Occur

If you believe Senator Josh, I have a bridge to sell you. The solution to the Pres is for all of the senators to band together and tell Herr Tr__p no more. Doing things after you vote is just another way of saying, “oh well, the majority beat me.” No character today, just followers, Sen. […]