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

Eleven richest Americans have all received government subsidies

A new report by Good Jobs First shows how the very wealthy in America have benefited from government subsidies as one element in building their fortunes. According to the study, the 11 richest Americans, and 23 of the 25 richest, all have significant ownership in companies that have received at least $1 million in investment […]

Cynthia Lummis’s (Stunningly) Glib Fraud: A Follow-Up

Cynthia Lummis, a wealthy Republican House member from Wyoming, claims her husband passed away, thanks in part to Obamacare. Lummis cited the law as a major contributing factor to her husband’s demise. Instead of blaming her husband, who could easily have afforded the test (who elected to skip the necessary diagnostic), she blames the best […]

Policing and a culture of protect and serve

Dan here…In the middle and late eighties grants went out to train police on methods of intervention into domestic violence.  In my experience on the North Shore Boston, police chiefs seemed to agree this was the most dangerous situation officers faced on a routine basis.  There were also efforts to re-orient police departments to be […]

Cynthia Lummis’s (Stunningly) Glib Fraud

The big news story of the last 24 hours, of course, is the Senate Intelligence Committee’s sickening torture report.  But you might also have heard about Wyo. Rep. Cynthia Lummis’s dramatic statement yesterday as a member of Darrell Issa’s Committee on Oversight and Government Reform’s Jonathan Gruber/Marilyn Tavenner Obamacare hearing. The purpose of the hearing […]

I Blame Obamacare

Hospitals are just not producing at the same rate they used to. In particular, they are not producing as many avoidable deaths. Wide-ranging efforts to make hospital care safer have resulted in an estimated 50,000 fewer patients dying because of avoidable errors in the past three years, according to a new report presented by government […]

Why Congress Should Not Get Out of the Way of the Postal Service

Guest Post by Mark Jamison, retired Postmaster. News of Ron Johnson the Tea Party favorite from Wisconsin taking over as chair of the Senate committee on Homeland Security & Governmental Affairs has caused an overwhelming sense of panic among progressives and postal workers. Johnson will control oversight of the Postal Service in the Senate. There […]

Does fixing a mistake make it worse?

Dan here…Sometimes I don’t know the questions to ask.  Here is a note on water…. by David Zetland  (from Aguanomics) Does fixing a mistake make it worse? EC writes from Florida: One of the big questions staring me in the face is… as we reach the limits of sustainable use without “significant harm” to the […]

Mel Watt?

Via Naked Capitalism: Elizabeth Warren tore into FHFA director Mel Watt over his failure to develop a program for Fannie and Freddie to provide principal modifications to underwater borrowers at risk of foreclosure. She also got in a dig for his failure to stop the agencies from pursuing deficiency judgments. That means going after former […]

Tax haven benefits are not investment incentives

Tim Worstall at Forbes takes issue with my last post, claiming that we actually don’t know that U.S. state and local governments give more in location incentives than EU Member States do. He then says that while it is true that EU states give less in cash grants and other kinds of subsidies defined as […]

Further proof that the U.S. uses incentives more than the EU

As if any more proof were needed, I recently came across yet more evidence that U.S. state and local governments give far more in location incentives than EU Member States do. A paper given this spring at the annual meeting of the Association des Économistes Québécois (Association of Quebecois Economists) includes a summary of project-by-project […]