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

The Drop in the Deficit: Views from the Right v. the Reality Based Community

Unpartisan.com documents six reactions from the conservative blogs but only Brad DeLong was mentioned from the Reality Based Community. On the right – BlogsforBush carried the Administration’s spin that this news was evidence of some supply-side miracle. Brad’s post linked to Max Sawicky. Mark Thoma has more.

Bob Dole on PlameGate

I’ll give at least some credit to the former Senator – he knows how to lead an opinion piece with his main point: LIKE many Americans, I am perplexed by the federal investigation into the alleged leak of classified information that exposed Valerie Plame Wilson, the wife of Joseph C. Wilson IV, a former ambassador, […]

Supply-side University on the Housing Bubble

Jude Wanniski claims any suggestion that there is a housing bubble is wrong. He does mention the fact that interest rates have fallen, which would tend to push up housing values relative to lease rates but not as much as we have seen in California. Wanniski claims there is a wealth effect explanation for high […]

Airline Regulation

Paul Gessing attributes the financial problems facing U.S. airline companies to excessive Federal interference. He makes two basic arguments. The first is: the reality is that industry experts cite excess capacity as one of the biggest problems of the air carriers. Worse, when airlines act to reduce overcapacity and save costs, federal regulators often stand […]

Oil Prices Revisited

According to the Lundberg Survey gas prices set another nominal record last week averaging $2.50 per gallon nationwide for self-serve regular. In real terms (adjusted for inflation) gas prices are still below the record set in the early ’80s. Chart from the NY Times. Click on graph for larger image. The above chart is accurate […]

Am I to Blame for the Iraq Mess?

I would like to start by thanking Frank Rich for a very good article on what is really going on in Iraq. It seems one particular wingnut did not like his article: Notwithstanding endless hectoring from Rich and his fellows on the fringe, there is only one man whose views about Iraq will really matter […]

Social Security: Michael Tanner v. Mark Thoma

Mark Thoma links to a story from the Poughkeepsie Journal where apparently the Poughkeepsie crowd was more impressed by Paul Krugman than Michael Tanner – despite Tanner’s usual spin: Tanner called for allowing workers to invest their share of the annual Social Security payroll tax surplus, which, he said, would put an end to the […]

Declare Victory and Come Home

Robin Wright and Ellen Knickmeyer entitled their article U.S. Lowers Sights On What Can Be Achieved in Iraq: The Bush administration is significantly lowering expectations of what can be achieved in Iraq, recognizing that the United States will have to settle for far less progress than originally envisioned during the transition due to end in […]

Able Danger: NRO Evidence from the Grave

The wingnuts have tried to pin the blame on 9/11 on Bill Clinton – with the latest phony tale being “Able Danger” ala Curt Weldon. Kevin Drum links to a few of these wingnuts over at the National Review’s The Corner. John Podhoretz claims he did not believe Weldon’s tale until he read this AP […]

Hey, Angry Bear…

…where have you been? Why aren’t you posting anymore? Well, like Kash, I’m enjoying the summer while also trying to get a lot of work and reseach done. Also, I’ve been on about a six week pool bender, as I try to get ready for a big tournament that starts soon. And finally, it seems […]