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

Budget Arithmetic

Your likely to hear a lot about the deficit tonight; much of what Bush says — As PGL pointed out in the preceeding post — will be untrue. EPI, Max Sawicky’s employer, has a new report out, The Budget Arithmetic Test, that’s worth a look. AB

Let’s Help Kerry Prepare for Tonight’s Debate

Kevin Drum notes five whoppers Bush told in the second debate and hopes Kerry’s staff comes with some clever responses before tonight’s debates. I’ll take a shot at whopper #2 as this one strikes me as really easy: The deficit is solely the result of recession and war. Flatly untrue. It’s also the result of […]

Are your tax dollars paying off Sinclair owners?

If blogging existed during the Summer of ’72, I wonder if Watergate may have been more fully exposed in time for the Nixon v. McGovern election. First of all, let me thank Kash for more fully explaining my first question when Chad rightfully noted that investors might purchase stock held by a family at a […]

If You Can’t Win on the Issues…

It seems that Republican political operatives have come to the conclusion that they can’t win this election on the issues. So what can they do to try to win this election anyway? Well, there are several options remaining. First, you can lie about your opponent. Second, you can use your control over the media to […]

Who Controls Sinclair Broadcasting?

AB noted yesterday that some of Sinclair Broadcasting’s shareholders were upset the decision of management to aid the Bush-Cheney ’04 campaign with free air time for another smear of John Kerry. Their stock, which was around $10 a share in early August, is trading now for about $7.30 a share. Kash also gave a list […]

The Last Word on Bush’s Agenda for America

I had intended to spend five weekly posts on the five chapters of the vacuous Agenda for America. Your reaction to Chapters 1 and 4 was underwhelming, but then the chapters were virtually empty on how Bush-Cheney intends to promote either economic growth or national security. So today, I’ll only briefly mention the other three […]

DeLong v. Schmalensee

Last month PGL told us about an upcoming debate on Bush Jr.’s economic policies between Brad DeLong and Bush Sr.’s CEA economist Richard Schmalensee. The debate was held last week at UCSD. For those who are interested, DeLong gives an interesting recap of the debate. It probably didn’t go the way you’re thinking. Kash

An Angry Bear Guide to Bush’s Economic Claims

Krugman does a nice bit of debate preparation in today’s column. He points out several stock statements about the economy that Bush typically makes, and will probably repeat during the debate tomorrow night. He then points out why those statements are all incomplete, misleading, or wrong. I’ve taken the liberty of presenting you with a […]

Another Day, Another Record…

…in the oil markets. Today’s record price is above $54. Is this a speculative bubble? It looks kinda like one, just because of the increasing rapidity of the price increases over the past couple of weeks… but on the other hand there do seem to be genuine trends in supply and demand that support higher […]