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

Why did the Clinton campaign say earlier this month that Trump’s statement that he plans to partially default on the national debt could work? (And, yes, that, as the NYT mentions today, is what the Clinton campaign said.)

Debates have broken out in Mrs. Clinton’s Brooklyn headquarters over the best approach to take. Some advisers worry that by running against Mr. Trump as she would a traditional Republican candidate, Mrs. Clinton is actually making the reality­ television star appear more legitimate. This month, when Mr. Trump suggested he would reduce the national debt […]

Another day, another indication that the Clinton campaign remains dangerously clueless about what will matter most in the general election. Ho-hum.

Clinton’s aides say they have settled on the big story they want to tell about Trump: He is a business fraud who has cheated working people for his own gain, and his ideas, temperament and moves to marginalize people by race, gender and creed make him simply unacceptable as commander in chief. — Clinton thinks […]

SEC capture…

Yves Smith at NC: The SEC showed its true colors yet again at a panel at Stanford Law School at the end of March, although not as dramatically as last year. In last spring’s SEC panel at Stanford, the then head of examinations, Andrew Bowden, made such fawning remarks about private equity, including repeatedly saying […]

Trump Falls to His Knees PLEEEADING for Republican ESTABLISHMENT Donors to Fund His Campaign—Offering Them the Ultimate Gift: Supreme Court Proxies. Toldya.

Tomorrow, behind closed doors with Paul Ryan & Friends, he will swear fealty to Mitt Romney’s platform.  And not just the part written literally, it turns out, by the Heritage Foundation and CNBC!  Also the part written by the Federalist Society. Including on Supreme Court and lower-court appointments.  Suffice it to say that his promise to […]

Major Foreign Holders of U.S. Treasuries: now with greater country breakouts

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) Don’t have a lot to say except to note that previous versions of this table lumped together “Oil Producers” and “Caribbean Banking Centers” while this disaggregates them. This leaves the Cayman Islands in third place at $265 bn while putting Saudi Arabia down to 13th […]

Oil and Gas Pipeline Construction vs. Massive Public Infrastructure Construction: Why do the Building Trades unions want the FORMER rather than the LATTER? I have no idea. [TITLE CORRECTED, 5/18 at 10:46 a.m.]

The AFL-CIO’s plans for a super PAC to take down Donald Trump ran into a big snag Monday, when one of the labor federation’s major affiliates objected to the involvement of billionaire climate activist Tom Steyer. Sean McGarvey, president of the AFL-CIO-affiliated North America’s Building Trades Unions, co-signed a letter with seven other union presidents urging federation President Richard […]

President Chauncey Gardiner: ‘Being There’ at the Bait-and-Switch [Updated]

But one of Trump’s campaign advisers suggested Wednesday that Trump might indeed change Social Security and Medicare — but only after he has been in office for a while. “After the administration has been in place, then we will start to take a look at all of the programs, including entitlement programs like Social Security […]

The Most Successful Trojan Horse Since the Trojan War

A key to beating Trump is to point out that on fiscal and other domestic policy at least, the election contest will not be to determine whether there will be another President Clinton or instead a President Trump.  There will be either a new President Clinton or a President Manafort. Every time Trump tries to […]

Religion and Tax–not an easy issue

by Linda Beale Religion and Tax–not an easy issue The Atlantic magazine has an article in the May 3 2016 issue asking “Should Courts Get to Define Religion?” The article deals with a Catholic shrine in Attleboro Massachusetts, Shrine of Our Lady of LaSalette, that covers almost 200 acres of land and includes what are […]

What Bernie Sanders is doing to help Hillary Clinton [UPDATED]

One charge against Sanders by the likes of Paul Krugman that I just could not abide—there were others, but this post is about this one—was that while Clinton was actively soliciting campaign funds for the Democratic Party to use for down-ballot candidates, Sanders was not.  In a post here about that a couple of weeks […]