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

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 […]

Will Jeff Merkley or Sherrod Brown now decide to run for the 2016 presidential nomination?

So who won the 2014 midterm elections? The easy answer is the Republican Party. On election night, the party managed to seize control of the Senate by picking up at least seven seats previously held by Democrats, a goal that has eluded Republicans since 2006. The GOP also captured at least 14 House races, expanding […]

The Political Science of Small-Government Science

If they had proper regard for science, politicians in both parties would fight harder against the devastating cuts to federal research that have happened under sequestration, endangering medical progress and jeopardizing our global leadership. And lawmakers trying to prove their fiscal prudence wouldn’t irresponsibly smear all scientific inquiry by cherry-picking and theatrically denouncing the most […]

Time to comment on the GASB standards!

As I reported last month, the Government Accounting Standards Board (GASB) has proposed new rules that would require state and local governments to disclose subsidies in their financial reports. The proposal is now open for public comment from now until January 15, 2015. Good Jobs First, which has long advocated for this change in accounting […]

WHY THE DEMOCRATS LOST: Because they cannot win unless they explain Keynesian economics and inform the public of the dramatic reduction in federal spending and federal employment since 2010—and the consequences of it. Obama will not (or, intellectually, cannot) do that. So others must.

Yesterday, I wrote here in response to a statement by Greg Sargent that “McConnell’s only way to re-litigate Obama’s policies will remain budgetary guerrilla warfare that will only work if Obama allows it to work, which he won’t, which he won’t.”: McConnell’s only way to re-litigate Obama’s policies will remain budgetary guerrilla warfare that will only work […]

Greg Sargent confuses Obama with Elizabeth Warren. Or with Harry Reid. While Obama confuses the congressional Republicans with Michelle.

Presuming Republicans win the Upper Chamber, Senate Majority Leader Mitch McConnell will claim a new era of constructive governance has arrived, while simultaneously claiming a mandate to chip away at President Obama’s already achieved policy gains. (Those who profess a love for bipartisan cooperation will politely ignore this absurdity.) But McConnell’s only way to re-litigate […]

Not quite EVERY national indicator, Ms. Grimes

“He thinks that another six years on top of the 30 he’s already had constitutes change, well we don’t buy that,” Grimes said. “He thinks that we can’t live without his seniority, well has he seen that we’re at the bottom of every national indicator that’s out there? Henderson, are ya’ll better off after having […]

The Silence of the Lambs

Update appended. ___ Last week, dozens of Republican volunteers packed Mr. Gardner’s campaign offices in the college towns of Boulder and Fort Collins to get a handshake or selfie with the amped-up candidate. Spotting a boy in a Denver Broncos football jersey, Mr. Gardner whipped out his cellphone and showed him a photo of John […]

Hey, Alison Grimes, why not mention THIS? Ah … because it would require a sentence or two of substantive explanation.

Given the exceedingly favorable atmosphere for Republicans this fall, McConnell’s direction on Obamacare has been closely watched as he both battles for reelection against Democrat Alison Lundergan Grimes and as the GOP prepares for Senate control for the first time since 2006. McConnell’s office said there are multiple avenues that a GOP Senate would have […]