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

General Shinseki is back

Juan Cole comments on General Shinseki’s appointment to oversee the care of our veterans. He also re-introduces us to the General’s testimony in Congress and the Cheney/Wolfowitz responses to the call for several hundreds of thousands troops to police, maintain infrastructure, and keep thing going in Iraq after the attack, taken from direct experience in […]

Job losses more than in auto industry

rdan NYT reports: With its losses mounting, Wall Street is cutting jobs faster — and deeper — than even pessimists had feared… In one the largest single rounds of layoffs on record, not just for the financial industry but for any industry, Citigroup said on Monday that it planned to eliminate a staggering 52,000 jobs, […]

Nationality Act of 1940: Nipping wingnut memes in the bud

by Bruce Webb Right Wingnuttia is ablaze. Time for some cold water. There are a couple of lawsuits floating around concerning Obama’s alleged non-citizenship. One is Berg v. Obama which was dismissed due to lack of standing on October 24. Berg has appealed that to the Supreme Court which has not to my knowledge taken […]

Taxes or tariffs?

hat tip cactus Reader Josh asks: I always find it interesting that those who scream for lower corporate taxes always claim that they are necessary for America to compete in the global economy. Is this not using tax policy to attempt to undercut other competing nations? Is the use of a tariff not the same […]

A Very Good Question

by cactus A Very Good Question You don’t even have to get past the headline and byline to read an excellent question posed by David Lazarus in the LA Times: Why were Wall Street workers not asked for concessions? He goes on: Say what you will about the role of the union in exacerbating Detroit’s […]

The Folks Running GM… And the Folks Running the Country

by cactus The Folks Running GM… And the Folks Running the Country Say you were a congresscritter or a President or a President-elect asked to give taxpayer money to GM. You might, at the very least, want to know that the folks running GM know what they’re doing and are capable of putting out a […]

Bush as a Great Man – The New Meme

by cactus Bush as a Great Man – The New Meme Let’s say, hypothetically, GW had had a cause these past eight years: reducing auto accident fatalities. Let’s say he also set forth a plan that greatly increased the amount of funding to the state highway agency. But there was a catch – states only […]

A Collective "Aw, Gee" is in order

CNN works hard for its money: Although ex-presidents in Adams’ day quickly descended into obscurity after their years in the Oval Office, today the transition away from serving as the leader of the free world is high-profile, potentially very lucrative and, above all, a difficult job in itself. This is especially true for Bush, historians […]

Amity Shlaes: Sarah Palin with puffed up academic credentials

by divorced one like Bush Professor Krugman has been having problems with a person named Amity Shlaes. Well, actually he’s having a problem more with what she is professing. Amity is talking about The Great One’s relationship to today’s sickly economy and prescribing a plan of treatment. Doctor Krugman is noting the errors in Amity’s […]

Money earned, money won, money morality.

rdan (again stealing a post from Robert’s musings) What does “Earn” mean I read Ad Man: ” Those of us who sit above the $250k income threshold are too small in numbers to affect his appeal. What I do resent is that under an Obama administration, money we’ve work hard to earn (through the meritocracy […]