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

Lighter Tax Burdens for the Rich: Novak vs. Bush

Supply-side cheerleader Bob Novak complained yesterday that the Congressional Budget Office had produced “political fodder for Democrats” by reporting how Bush’s tax cuts have reduced the share of taxes paid by the rich. Novak offered a surprisingly accurate description of the CBO report: That study concluded that President Bush’s cuts had shifted more of the […]

Glad to be Here! Read More Blogs!

I’m looking forward to my week of co-blogging over here. I thought I’d start by pointing out how Angry Bear beat the NY Times yesterday. Kash wrote that the pause in the rise of the cost of health insurance in the mid 1990s…was due to the one-time transformation of the majority of health insurance plans […]

The Health Insurance Problem

The NYTimes has a story today on the rising cost of health insurance, and its role as a factor making firms reluctant to hire more workers. The price of health insurance has indeed risen remarkably fast recently, on par with the rates of increase in the early 1990s. The graph below also illustrates the pause […]

Good News, Everyone!

The good news for me is that I’m going on vacation. The good news for you, the reader, is that in addition to the regular flow of excellent content from Kash and PGL, The Chef from Ragout has graciously agreed to fill in for me. If you’re not familiar with his work, you’ll get a […]

Not So Swift

In today’s Washington Post: Newly obtained military records of one of Sen. John F. Kerry’s most vocal critics, who has accused the Democratic presidential candidate of lying about his wartime record to win medals, contradict his own version of events. In newspaper interviews and a best-selling book, Larry Thurlow, who commanded a Navy Swift boat […]

Kerry should echo Bereuter: Iraq was a mistake

IMHO, this is obviously true and quite easy to say: WASHINGTON (CNN) — Breaking ranks with his party and reversing his earlier stance, a senior retiring Republican lawmaker said Wednesday the military strike against Iraq was “a mistake,” and he blasted a “massive failure” of intelligence before the war. The unexpected four-page statement came from […]

More on Cheney

An email from The Progress Report provides some nice context for Sen. Harkin’s characterization of Cheney (“When I hear this coming from Dick Cheney, who was a coward, who would not serve during the Vietnam War, it makes my blood boil. He’ll be tough, but he’ll be tough with someone else’s kid’s blood”): Cheney’s admiration […]

Exactly WHO is Living in the Past???

While campaigning in Pennsylvania yesterday, Bush brought up something that I haven’t heard about in a while: ballistic missile defense. From a Washington Post article: President Bush reaffirmed his administration’s commitment to building an antimissile system, accusing opponents of the program of “living in the past.” Although Bush did not mention his Democratic rival by […]

Halliburton: Just Another Company

Of course Halliburton is treated just like any other company by the Pentagon. They get no special privileges. Right? WASHINGTON (Reuters) – The U.S. Army reversed a decision late Tuesday to withhold payment on 15 percent of future invoices of Halliburton Co.’s logistics deal in Iraq and gave the company more time to resolve a […]