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

Ramesh Ponnuru on Clinton’s Health Care v. Bush’s Social Security Reform

Ramesh is supposed to be one of the few decent NRO writers but this column puts forth an alleged parallel that is just all wet: Democrats have drawn several lessons from these parallels. The first is that there are political dividends in opposing big, complex presidential initiatives. Democrats once reviled Newt Gingrich, but now he […]

Did Former Democratic Presidents Support the Bush Social Security Plan?

For the brazen dishonesty from the privatization crowd about what FDR said, see Kevin Drum. For the brazen dishonesty from the same crowd about what Clinton said, see Joshua Marshall. Now it turns out that the Club for Growth blog even lies about what their own allies are saying about what Clinton said as Kerry […]

If A Company Hires Stephen Moore as CFO – Sell the Stock Short

Undeterred by prior embarrassments, Stephen Moore is determined to be the #1 clown over at the National Review: Establishing personal accounts will require about $2 trillion in government borrowing over the next 15 years. But once the accounts are in place, the government saves about $10 trillion in future obligations. Any private business with large […]

Gannon

The Poor Man has the best take I’ve seen so far: Everyone is still missing the point of the story. The story is not, as nitwits like Howie Kurtz maintain, that people are being mean to someone just because he’s conservative. The story is not that Gannon is a hypocrite for promoting an anti-gay agenda. […]

Can Get Fooled Again

Our president once made the following statement: “There’s an old saying in Tennessee—I know it’s in Texas, probably in Tennessee—that says, fool me once, shame on—shame on you. Fool me—you can’t get fooled again.” If only our current Fed Chairman had taken those sage words to heart: Mr. Greenspan’s comments, in testimony to the Senate […]

Read Me

Dave Neiwert has a new book out, Strawberry Days. Like his previous books, and his blog, I’m sure it’s worth a read: AB

Privatization: John Quiggin Says There is No Free Lunch

Readers of the Angrybear know that I have touted this wisdom from Robert Barro to suggest that privatizing Social Security will neither increase risk nor expected return. The introduction to Andrew Abel’s AER 2001 article states this position quite clearly as well. It turns out that Max Sawicky and John Quiggin are eloquently making this […]

Will it Ever End?

Once again, Japan’s economy disappoints: TOKYO (MarketWatch) — Japan’s economy unexpectedly contracted in the October-December quarter as consumer spending slumped, data released Wednesday showed, raising concerns that the nation’s fragile economic recovery has stalled. The downside GDP surprise was déjà vu for investors disappointed by Europe’s downbeat data Tuesday. Japan’s Cabinet Office said real gross […]

There is Plenty of Tax Revenue – in that Lock Box

The Club for Growth is spinning out of control. First, we get their blog quoting the WSJ editorial page with: But after receiving a federal bailout for a fiscal “crisis” that never materialized, America’s 50 state governments now find themselves benefiting from a revenue boom. So how about repaying the $20 billion handout they’ve received […]

Investigating Financial Mismanagement in Iraq (or not)

Two CNN stories tell us clearly what our GOP leaders care about. If the issue involves past behavior by officials of other governments that does not involve U.S. taxpayer dollars, there will be several investigations. But if it involves ongoing misappropriation of U.S. taxpayer dollars by our current government, why bother.