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

Democrats and Progressives need to accept the likelihood that their nominee will be facing Trump in November. And they need to seriously consider what that actually means. [Edited. Cringe-inducing cut-and-paste typo corrected**.]

— Clinton [at a CNN-sponsored town hall last night in South Carolina] promised to go hard after Wall Street. The former Secretary of State faced criticism in a different department: her failure to release transcripts of paid speeches given to Goldman Sachs. “Sure, I’ll do it if everybody else does,” the former Secretary demurred, circling back to a familiar refrain […]

R’s Supreme Court Boycott & Trump: How is That Going to Work Out for Them?

What if it is Trump? Or Trump vs. Clinton? Or Trump vs. Clinton vs. Bloomberg? What’s the end game for the McConnell-Grassley Triple No Strategy on the Court? Can they really rely on a President Trump or a President Bloomberg actually going with a Scalia Federalist Society Originalist type? Are the really willing to go […]

Paul Krugman Hits It Home [Updated]

And let me say that the great thing about a progressive agenda is that it doesn’t require big growth promises to make it work, because the elements of that agenda are good things in their own right. Conservatives need to promise miracles to justify policies whose direct effect is to comfort the comfortable (cutting taxes […]

China’s Vulnerable External Balance Sheet

by Joseph Joyce China’s Vulnerable External Balance Sheet China’s capital outflow last year is estimated to have totaled $1 trillion. Money has been channeled out of China in various ways, including individuals carrying cash, the purchase of foreign assets, the alteration of trade invoices and other more indirect ways. The monetary exodus has pushed the […]

US Federal Marshals Picking Up Student Loan Defaulters . . .

Alan Collinge of the Student Loan Justice Org sent me an email yesterday. Bad Stuff from Texas . . . Hey Bill! This is a scary story. They are arresting people en masse in Texas over student loan debt. I got on the Thom Hartmann show to talk about it: https://youtu.be/a1OBJGs2PeE There’s no direct tie-in […]