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

Rising Health Costs: Short Run Job Loss, Long Run Wage Cuts

A while back, I criticized Hillary Clinton for arguing that national health insurance would create jobs. She wrote: American companies are outsourcing jobs to countries where the price of labor does not include health coverage, which costs Americans jobs and puts pressure on employers who continue to cover their employees at home. I pointed out […]

Krugman vs. O’Reilly: 1981 tax cut, 1990’s boom, and R&D

Chef Ragout’s Krugman vs. O’Reilly: Luskin Helps Referee (8/12/04 here) not only was another fine example of his keeping the Luskin Lie Squad in line but also discussed the Russert interview with Bill O’Reilly and Paul Krugman linking to this from Krugman’s archives. During this debate, O’Reilly tried to credit the late 90’s economic boom […]

Shadowy

Dear Republicans, Please stop saying “shadowy.” It’s really quite annoying. With Warm Regards, AB

Another Eyewitness, This Time With Pictures

From the Oregon Mail Tribune (wouldn’t it be nice if the NYT or WaPo could break one of these stories?): “He and another officer now say we weren’t under fire at that time,” [Robert] Lambert [a crew member on swift boat PCF-51 on the day in question, March 13, 1969] said Wednesday afternoon. “Well, I […]

Income and Poverty in the US

The Census Bureau has just released its annual estimates of poverty, income, and health insurance coverage for the US in 2003. Some of the highlights: Real median household income fell by .1%, from $43,381 to $43,318 between 2002 and 2003. By contrast, in 2000, real median household income was $44,853. Real household income has therefore […]

Add it Up: Bush Promises $3 Trillion More in Debt

Jonathan Weisman, writing in the Washington Post today, reports that Kerry’s plan won’t balance the budget. Sen. John F. Kerry’s pledge to reduce record federal budget deficits is colliding with an obstacle that may be growing higher by the week: his own campaign commitments. This is true enough. The credibility of Kerry’s pledge to cut […]

Robert Novak: Another Bush/Swift Link?

Ben Ginsberg’s resignation may be the big story as far as linkages between Bush-Cheney and the infamous Swift Boat liars. Brad Delong notes the sad tale of how Robert Dole will say anything to help Bush in this campaign. So what has been up with the fellow that Scooter Libby got to out a CIA […]

Bush outruns the Cleland wheelchair

Max Cleland wanted to personally deliver this letter to the President. Of course, George W. Bush is trying to avoid responsibility for the Swift Boat smears any way he can. I figured Bush’s running ability might allow him to stay ahead of Cleland in his wheelchair and it looks like I was right: (CNN) — […]

What’s Up With the Housing Market?

Has it peaked? Will it fall? Data on existing home sales in July was released yesterday by the National Association of Realtors. It showed a slight drop in sales, but still a very active market. From CBSMarketwatch: July’s drop was larger than expected. Economists had been expecting a decline to 6.85 million from the initial […]

Employment: DeLong v. Mankiw

Greg Mankiw’s Sunday New York Times oped is critically reviewed by Brad DeLong here. Mankiw tries to convince his readers that the unemployment rate is a better measure of the labor market than the payroll employment figure (interestingly both show we are worse off than when Bush took office). In a rather long disagreement with […]