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

Political Spin

FA ask”Real after-tax income per person has risen by 9.6 percent – $2,840 – since the President took office” If this is true, then how can the claims of the Left that American incomes have been declining be true? This is exactly how political spin is done. Cite a number that is big. OK, over […]

Performances on the economy by party

by cactus Presidential performance by party can be explored here in book form in the near future we all hope. And before anything else, lets cover the excuses that come up time and again… Its not that Republicans inherit problems from Democratic administrations –even leaving out the first two years of each administration, growth is […]

Jobs in Small Businesses

by spencer Many interesting claims are made during political campaigns. Many of them are factually correct, but misleading. One of these is the standard claim that small businesses create 70% of the jobs in the US economy. It is true. But the US economy is one where firms both create and destroy jobs.The Small Business […]

Small Business is American dream as well

by rdan Preston and the Small Business Administration know about running a small business: It’s hard work. In fact, I often say small business owners match every dollar of equity with $10 of sweat equity. But that’s also why they’re successful where others are not. America as an economy that regenerates, is flexible, and adapts […]

Elitist Presidents

by rdan Teddy Roosevelt and FDR both came from a wealthy Dutch-American clan, and never experienced any want except voluntarily – and yet, both did more for working-class America than anybody this side of ANOTHER “rich elitist”, John F. Kennedy. George W never wanted for anything material either. George H was a different sort of […]

Bailouts and Moral Hazard

Bailouts and Moral Hazardby Robert Here we are again, just into a Bear (sterns) market and we have to face the fact that Fannie Mae and Freddie Mac are waaaaay to big to fail. A strong case can be made that a bailout will cost relatively little and failure to come to their assistance will […]

Soc Sec XXXI: What is Title 1? How does it relate to worker/retiree ratio?

I suspect few people know that the original Social Security Act set up not one but two retirement systems. Title 2 set up what we recognize as Social Security today, a worker funded retirement based on an insurance model. Title 1 set up something quite different. The history can be found on the SSA.gov website […]

Medical Expenditure Panel Survey

The following is a point of information for healthcare statistics. The Medical Expenditure Panel Survey, which began in 1996, is a set of large-scale surveys of families and individuals, their medical providers (doctors, hospitals, pharmacies, etc.), and employers across the United States. MEPS collects data on the specific health services that Americans use, how frequently […]

Cactus sends a note

by cactus I had some more or less random thoughts: 1. If Obama wins the election, in five or six years expect the folks on the right to blame the state of the economy in 2008 on him. They’ve had more than enough practice – how many times have you heard about how the stock […]