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

Denmark isn’t a middle-class, capitalist, entrepreneurial country? Because it has universal healthcare, free college, subsidized day care, and guaranteed family and medical leave? Really, Secretary Clinton? Really?

We are not Denmark — I love Denmark — we are the United States of America.  We would be making a grave mistake to turn our backs on what built the greatest middle class in the history of the world. — Hillary Clinton, last night Okay.  When I heard that, I said, “Wow.  Did she […]

Why Does Hillary Clinton Think We Want Elizabeth Warren to Be Vulnerable?

Hillary Clinton says women are “held to a totally different standard” in politics — and that it’s been that way since she first ran for office. “You’re expected to be both strong and vulnerable at the same time,” Clinton said in BuzzFeed’s “Another Round” podcast that was published online Sunday. “That’s not easy to do.” The Democratic […]

Inequality for All, the film

If you do not know, Prof Reich’s film is currently up on youtube.  I just watched it.  For most readers it is nothing new.  But for the masses this is a great film.  Plus, I did not know that he literally went over on the same boat as Bill Clinton when they were going to […]

No COLA for Social Security Recipients in 2016

Or that is what is being thought by the Social Security Administration as we round out 2015 and head into 2016. And the culprit? “Persistently Low Inflation.” How could that be, didn’t the Fed just meet and there were concerns of looming inflation? Apparently not enough inflation to rock the CPI-W. The SS COLAs are […]

Volkswagen

Interesting letter from the California EPA (CARB) to Volkswagen covering the Nitrogen Oxide being emitted by its vehicles during normal driving conditions on the road. What is “really” interesting about this is VW put into play software which detects when the vehicle is being tested causing the vehicle to pass testing. Hat Tip to Bear […]

70% Defaulted in 2013

To add to this attention getter, 70% of all the students who defaulted in 2013 went to non-traditional schools or “for-profit” schools. Of students who graduated from traditional schools and were required to start paying back student loans in 2011, two percent of graduate students and eight percent of undergraduate students defaulted as compared to […]

Conceding too much to Supply Siders

This is my usual post lamenting the fact that reasonable people allow supply side dynamic scorers to set the terms of debate. They confidently assert that tax cuts for the rich cause more rapid GDP growth and want to argue whether that means they pay for themselves . Jeb!’s economists admit that they don’t without […]

Rapid Progress Towards Real Reporting at the New York Times

At 12:07 Eastern standard time 9/10/2015 Alan Rappaport wrote an article on Jeb Bush’s tax proposal whose headline seemed to me to be the title of a Bush campaign press release — it stressed the proposal to close the carried interest loophole and not the huge cuts to top tax rates. About 4 hours later […]