The right-wing prophecies: “Leading Trump sycophant Sean Hannity claimed tariffs would generate “a new golden age of American wealth and exceptionalism.” “Fox Business’ Elizabeth MacDonald stated Trump was trying to “reignite a manufacturing golden age.” “Newsmax host Carl Higbie declared, “American jobs being created because we want to make things more fair.” Reality, as we […]
The quote “Taxes are the price we pay for a civilized society” (is attributed to U.S. Supreme Court Justice Oliver Wendell Holmes Jr. As we enter the 2026 IRS filing season, you may be treated to the libertarian* propaganda that taxes are just government stealing. In a representative democracy such as ours, the majority has […]
Hmmm . . . I was looking at our retirement funds. They are really taking a bath and have dropped in value. However, I do believe they will return to what they were a year ago and better. A lot of things going on nationally and globally where the United States is being led in […]
Angry Bear Readers . . . once or twice a week, we are the recipients of commentary written by guest writer Erica York at The Tax Foundation. This is not a copy from a site that is simply pasted on Angry Bear. These are sent to the Angry Bear address. I then post them for […]
While living in Michigan, I was invited to a Garden Party featuring Senator Debbie Stabenow. Being the person I am, I asked on behalf of student having such loans what she was going to do to grant relief to students who are behind, experiencing economic issues, swindled into taking loans to achieve capabilities which do […]
When I retired, my health insurance became traditional Medicare, what right-wingers call “socialism.” I’d read enough not to be seduced by the candy offered in “Medicare Advantage” plans, the free market plans that were supposed to be superior to traditional Medicare. So far, no regrets for me. Sadly, tens of thousands of Americans do regret […]
– by New Deal democrat “Trump take egg” was a social media meme popularized by MTSW at Bluesky, highlighting prices that T—-p had promised would come down, but increased instead. The spike in egg prices was due to avian flu, but when it comes to internet memes, nevermind. Which is by way of introduction to saying that […]
Those of you may be wondering why I would discuss this topic (having taken it from a recent EPI article). For a few years I did consulting work with a midsize firm. In most cases, we did not find Labor to be the largest cost of manufacturing product. Whacking Labor with low wages will not […]
– by New Deal democrat Along with the weekly update of retail sals, new jobless claims continue to be the most positive economic data in the entire specturm. Last week new cliams increased 5,000 to 210,000, which is about average for the entire post-pandemic period. The only other time they were this low was 2018-19, […]
– by New Deal democrat Something not just unusual, but unprecedented has happened in the bond market this year. Normally, when an inverted yield curve (where earlier maturing bonds yield more than later maturing ones) regularizes, or un-inverts (where yields get higher the later the maturing), it is because the Fed has lowered rates sufficiently […]