We actually appeared to have forgotten we are a nation “at war” if news reporting is any indication from a personal search, except for the DC centered coverage of Gen. McChrystal. Notice it was a music magazine that got the scoop, more power to them, not mainstream media. Here are some thoughts from Tomdispatch to […]
by Bruce Webb In response to my Pelosi Rule post of yesterday commenter Darms plays Devil’s Advocate in asking the following shrewd question. Bruce, Since the commision may be looking for a mechanism to delay redemption of those SS trust fund bonds and I’ve read that some of these bonds are routinely redeemed & renewed […]
This July 4th appears to be quite mixed for Americans, depending on both where you are and whether you are on a paid vacation day. Follow the link to some ‘do it yourself’ fireworks. And have a good day no matter what.
CoRev asks if anyone wants to discuss the justifications of the beneficiaries of the different parties policies. So I though this gives me an opportunity to present some recently publishedCBO data on income and tax that could give people something to tie the discussion to. Republican policy has been to favor the more affluent in […]
by Bruce Webb There is a huge disturbance in the Force, at least as sensed by the Jedi of FireDogLake, Democratic Underground, AMERICAblog, and OpenLeft, which is to say among the Obama-skeptics of the Left. The substance is this, in a last minute move prior to adjournment Nancy Pelosi pushed through the rule for handling […]
“If he’s (Pres. Obama) such a student of history, has he not understood that, you know, that’s the one thing you don’t do is engage in a land war in Afghanistan? All right? Because everyone who’s tried, over a thousand years of history, has failed. And there are reasons for that. There are other ways […]
Hat tip reader 1Watt,Hermit Democratic Underground and New Deal 2.0. Testimony is public domain…here it is in entirety. Statement to the Commission on Deficit ReductionJames K. Galbraith, Lloyd M. Bentsen, jr., Chair in Government/BusinessRelations, Lyndon B. Johnson School of Public Affairs, The University of Texas at AustinJune 30, 2010 Mr. Chairmen, members of the commission, […]
Unemployment rates across the G7 illustrate a broad-based labor recovery. Fantastic – now let’s get to the underlying stories. (Note: The US is the first to release the June 2010 figures. All other unemployment rates, except for the UK, are current as of May 2010.) Germany, France, and Italy: Germany’s labor market is ostensibly improving, […]
The employment report was bad, as private payroll employment only rose 83,000. Moreover, the household survey showed a drop in employment of -350,000. The unemployment rate fell. But that is because the – 350,000 fall in household survey was offset by a -652,000 drop in the labor force. A labor force contraction is really bad […]