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

One Path Left to Impeachment

– J.P. McJefferson Thoughts In today’s hyper-partisan Washington, calls for impeachment have become almost routine—more a reflection of political frustration than a viable governing strategy. Pundits debate the merits, party leaders posture, and voters are left to wonder whether any of it can actually lead to action. Under current conditions in the House of Representatives, […]

What’s in a name?

Godwin’s law states: “As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches one.” In my experience, a similar law applies to the words “socialist,” “communist” and “Marxist.” All three words are used interchangeably and as epithets, not descriptions of governments or economic systems. Let’s start with Marxist: “The […]

Fall asleep in public areas? Go to Jail in Louisiana

Louisiana Court proposed Homeless Program, “Streets to Success Act“ AB: I do not believe this is a “failure to communicate” law as much as a failure to provide a place for people to go, sleep, and make a living. What do you do at that point? The state and county put you to work in […]

March retail spending: including or excluding gasoline makes all the difference

 – by New Deal democrat Consumer spending is about 70% of the economy, and retail sales is our first wide measure of that spending. This morning’s update for March (still after all these months delayed about a week compared with the schedule before last autumn’s government shutdown) was unsurprisingly dominated by what happened at gas stations.  […]

Have Things in Manufacturing Improved Since Trump’s Trade Barriers

A year later, here’s where things stand on Trump’s manufacturing revival . . . What happened when Trump put a stack of tariffs into play? Not much good is happening for Labor, In the first place the amount of Labor in manufacturing has been declining for years due to manual machining going to multi-functional NC […]

Mortgage Payments and the Vibecession

Mortgage Payments and the Vibecession: Homeowners’ “Cost of Living” Mortgage payments are most owner-occupiers’ biggest monthly cash outlay. And they’re way up. Steve Roth — Wealth Economics I came across a pretty eye-popping economic fact recently: The typical payment on a new mortgage for an average American residence has ~doubled since 2019.1 It was $913 in Dec. 2019; […]

Updating the long leading indicators: per capita real retail spending and real spending on goods

– by New Deal democrat So much of the changes to the economy has been dictated by the whims of the White House that it has not made much sense to throughly update the suite of long leading indicators in many months. After all, why chart their incipient effects when they are consistently being overtaken by […]

Immigration Enforcement Harms all Labor

Unemployment has increased for U.S.-born workers in the face of mass deportations: Trump’s draconian immigration enforcement is harming all workers. Economic Policy Institute, April 3, 2026 During the 2024 campaign, Donald Trump and J.D. Vance promised that mass deportations and a crack-down on immigration would open up jobs for unemployed U.S. citizens. The theory was […]