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

Where Did It Go?

I’ve been looking all over the White House web site for a transcript of the official White House press briefing that Greg Mankiw gave on February 9, 2004, in which he presented the 2004 Economic Report of the President. My efforts seem to be fruitless, however: I simply can not find it among White House […]

Feeling Cheney’s Pain

For me, the single most striking moment in last night’s debate was this one: EDWARDS: …Now, as to this question, let me say first that I think the vice president and his wife love their daughter. I think they love her very much. And you can’t have anything but respect for the fact that they’re […]

Hmmm…

I stated in the update to my livebloggin’ post that I may have judged Edwards too harshly. Josh Marshall certainly was impressed by Edwards: I hesitate to say this. But my basic impression was that Edwards didn’t strike a false note for the entire 90 minutes. And I say this having been critical of him […]

Too Much Debt?

No problem. Just raise your credit limit: WASHINGTON – The government should hit the national debt’s $7.4 trillion ceiling this month, and the Bush administration told Congress again Monday it should raise the limit. That would be a politically sticky move just weeks from the Nov. 2 elections. Treasury Department (news – web sites) spokesman […]

VP Debate Live Bloggin’

– Hmm. They just shook hands on camera; I read they weren’t going to do that. – FYI, Here’s Condoleeza Rice talking about tonight’s moderator, Gwen Ifill: RICE: Thank you very much. I’d like to thank Gwen for that wonderful introduction. And even if you aren’t getting invited, I can tell you that she is, […]

Why are some conservatives advocating no inflation adjustment?

I’ll be interested in whether Dick Cheney tries to claim real wages are rising again. It is true that the BLS reporting of nominal average hourly earnings is 7% higher than it was as of December 2001, but so is its reporting of consumer prices. We have seen lots of confusion on this score including […]

“Defending American Lives & Liberty”

Since the first Presidential debate covered the national security issue, my review of Bush’s Agenda for America will address chapter 4. The short version of this is “The Best Defense is a Good Offense”. I can see why the authors put the plans for strengthening homeland security towards the end of this document given that […]

Have Profits Peaked?

Earnings season is getting under way on Wall Street. Over the next few weeks most of the US’s big corporations will be reporting their third quarter profits. Over recent weeks, investors have become pessimistic on the outlook for corporate profits to keep rising. By a two-to-one ratio companies are warning investors that their profits will […]

What’s Changed?

Paul Bremer, July 2003, on Meet the Press: Tim Russert: Have you asked Secretary of Defense Rumsfeld for more American troops? Ambassador Paul Bremer: No, I have not. I expressed — Tim Russert: Do we need more? Ambassador Paul Bremer: I do not believe we do. I think the military commanders are confident we have […]

They Lie, and Then Provide the Evidence

I’ve come across a one-stop shop for proving the falsity of the claims of the Bush campaign: the George Bush re-election website! Today the Bush campaign released a new ad attacking Kerry. The web page that supposedly provides the “Ad facts” describes the opening of the ad: Mom Voiceover: 5:30, I need to get groceries…. […]