(Dan here…NDd takes a shot at evaluating the President Obama legacy.) by New Deal Democrat Barack Obama: a noble failure Let me preface this essay by saying that I voted for Barack Obama twice, in both 2008 and 2012. In fact in 2008 I supported him in the primary against Hillary Clinton, who I believed […]
Originally published at Econospeak by Peter Dorman Minimum Wages and Productivity I had a chuckle reading a report in today’s New York Times that describes a pair of papers on the minimum wage presented at the recently-concluded economics meetings in Chicago, especially the first, an experimental study by John Horton of NYU. Horton set up […]
By Noni Mausa Wealth Inequality and Sentimental Credit I go to the store and buy a loaf of bread. But I haven’t actually harvested a loaf of bread (unless I am a shoplifter.) I have, instead, used a tiny scrap of credit to mobilize a farmer, a baker, a truck driver, and probably a score […]
The half-century story of Democrats’ abdication and decline By Steve Roth. Publisher, Evonomics On January 1, 1964, John F. Kennedy posthumously initiated the half-century decline of the Democratic Party, beginning its descent into this moment’s dark and backward abysm of slime. His massive tax cuts for the rich, implemented in ’64 and ’65, were the turning point and […]
Originally published at Evonomics and reposted at Naked Capitalism, Angry Bear Steve Roth continues his conversation on riches, income, debt, and expectations. Steve Roth serves as Publisher of Evonomics. By Steve Roth How do Americans get rich? (and stay rich?) It’s the American dream. A third of Americans think they’ll be rich someday. More than […]
Neel Kashkari has been President of the Federal Reserve Bank of Minneapolis since January 1, 2016. Prior to that, he was brought over from Goldman Sachs to be Assistant Secretary of the Treasury for Stability from October 2008 to May 2009. His job was to hand out money to the banks as bailout. I believe […]
I don’t have the patience to sit on the couch and just stare at the tube like a lot of people seem to enjoy doing. I do however watch movies while exercising or doing chores. The result is that I start and stop whatever I am watching frequently, and there are times it might take […]
by Dale Coberly GOP PLANS TO GUT SOCIAL SECURITY The Republicans have opened a new assault on Social Security. At present all I know about it is what I read in a Talking Points Memo by Tierney Sneed Key House GOPer Introduces Bill With Major Cuts To Social Security . The trouble with Sneed’s article […]
– Chrysler Fiat sold the car division sans Jeep, MiniVan and Trucks to the Chinese. They also closed production on Chrysler 200 and Dodge Dart June of this year. It will be the first time Chrysler/Dodge have not had Cars if this is true. 200 (UF) and Dodge Dart (PF) never did met forecast so it […]
Teabagger and maybe Trump nominee for something (hopefully other than the Sec. of the VA), Sarah Palin slams Trump and Pence in a Randian manner on bailing out Carrier and Carrier workers calling it as an intrusion on free enterprise. Afterwards she gushes; “I am ecstatic for Carrier employees! Their bosses just decided to keep […]