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

Earned Income Tax Credit

Greg Mankiw, Robert Stein, and others have been pushing the EITC lately. What is that all about? Efficiency? Best income redistribution mechanism? Leading edge to some other goal? This is in addition to the steady beat of Walker and others to conflate entitlements such Medicare,Medicade,and Social Security into a single problem.END

The Downside of Increased Trade

Save the Rustbelt sends this note working the end user as a reference, which is useful sometimes. The Downside of Increased Trade My wife, aka the world’s greatest nurse, worked this weekend. She spent a great deal of her time trying to track down enough Heparin to keep a patient alive this week. This is […]

G W Bush’s successful Presidency

William Pitt reminds us to keep the following in mind during this election: It has been more than ten years now since PNAC first introduced itself by way of its letter to Clinton. Over this decade, PNAC’s ideology and foreign policy mandates became the center of gravity for America’s military and diplomatic practices and priorities. […]

Experiment: How would you advise Sen. Clinton?

Twice now in this political session we have had the opportunity to move beyond the Carl Rove/Frank Luntz school and system of communication. The first was Sen. Obama’s speech on race. The second is this current statement discussed in PGL’s post. I understand the current structure of our MSM and their strategy to earning viewers […]

Iraq and Iran

… President Bush reiterated yesterday that if Iran continues to help militias in Iraq, “then we’ll deal with them,” saying in an interview with ABC News that “we’re learning more about their habits and learning more about their routes” for infiltrating or sending equipment. But he also reaffirmed that he has no desire to go […]

After the Recession: What then?

We are in real trouble. Easy credit from foreign central banks is reaching its limit. Easy credit inside the U.S. is already a fantasy. The dollar is in crisis. Debt is rapidly becoming the name of the game, at least for us. As the dollar falls, in real terms, prices and unemployment are rising. Wages […]

US Legislators Profiting from War? Say it ain’t so, Joe

Seems it’s not just the executive branch and their friends that have “invested” in this war. From IPS comes a news article about the money invested by our legislators. Members of Congress invested nearly 196 million dollars of their own money in companies that receive hundreds of millions of dollars a day from Pentagon contracts […]

Shop til you drop due diligence

This article describes the recent history of corn flour for tortillas in Mexico. I looked it up after Stormy’s recent post on Wages and prices. By 1996, Maseca had drawn the attention of Archer Daniels Midland, the world’s largest corn broker. Itself no stranger to government largesse, ADM spotted a good business model from across […]

Hat tip to Afferentinput for referring to The Big Picture which demonstrated this cool site hotpads.com. Look up your own area for housing information with lots of color. The median income data was dated for my area, but the foreclosure data was relatively accurate to my knowledge. END

Your wish is my command….

I have added the ‘read more’ option to open in a separate page format rather than same page because I also added in line commenting for the second page, which in my mind made it easier. The pop-up window is maintained for convenience with out going to the full page for your convenience as a […]