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

Techno-Stalinism and the death of democracy

A former mentor once explained to me why America would be better off if scientists ran the country. While technocracy isn’t inherently anti-democratic—America could simply elect scientists and engineers—the notion smacks of elitism. Of course, this country was founded on the idea of elitism. Only property-owning White men could vote. The president was appointed by […]

Planned Budget Cuts and Impact

Jim VandeHei and Mike Allen review Trumps budget cuts. The implication here is it is near impossible to achieve the dramatic cuts without imposing severe penalties on the US Citizenry, The attempt is to balance the budget so as intakes equal outtakes of funds. Except Trump does not want to fix his 2017 tax break. […]

Reasons for Taking a New Job

When I started out. it was the money. Kind of hard to buy a house and have kids if together you are pulling in $24,000/year. Then when the family starts, one of us will not be working (that was the plan). Get the first job, change jobs at two years, and work your way up […]

Unwelcome news for homebuyers and the CPI, as repeat home sales prices continue re-acceleration in December

– by New Deal democrat There was unwelcome news in this morning’s repeat home sales reports from the FHFA and Case-Shiller. On a seasonally adjusted basis, in the three-month average through December, according to the Case-Shiller national index (light blue in the graphs below) prices rose 0.5%, and the somewhat more leading FHFA purchase only index (dark […]

DOGE is shooting blanks

This appears to be a new and unfamiliar use of the word “efficiency”: “The Department of Government Efficiency run by Elon Musk last week published an initial list of 1,125 contracts that it terminated in recent weeks across the federal government. Data published on DOGE’s “Wall of Receipts” shows that more than one-third of the […]

Percentage of Public School Funding Coming from the Feds

The question? How much Federal Public School Funding comes from the Feds? The answer is here and you have to read it for yourself. Not a lot of reading to stymie you. Not terribly difficult. Not even 30 minutes of reading. The first question that comes to my mind? What would happen to schools if […]

Employment was Considerably Weaker than We Thought Last Year

Q3 2024 QCEW suggests employment was considerably weaker than we thought last year – by New Deal democrat This will be income, spending, and housing week, but that won’t start until tomorrow. While there’s no news today, there was an important update to employment data last week; namely, the QCEW for Q3 of last year. […]

A Change in Attitude after the November Election

God has a plan and Congress does not. November 2024 and the election is over. Rep. Mark Alford, a Lake Winnebago Republican, won a second term in Congress Tuesday, gliding to an easy election win in Missouri’s heavily conservative 4th Congressional District. The Associated Press called the race for Alford at 9:24 p.m. At the […]

Existing home sales: trends of increasing prices, increasing inventory, and flat sales all continue

 – by New Deal democrat Existing home sales have been flat in the general range of 3.85 -4.10 million annualized for two years, and that continued in January, as on a monthly basis sales decreased -4.9% to 40.8 million from an upwardly revised December number of 4.29 million annualized: The slightly better numbers in the […]