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

Oil Prices are Up

Gasoline around us is still high and about $3.25. What are you seeing for price per gallon of gasoline? They keep talking about a drop. We have not seen it. Charts and graphs emphasizing what is happening with oil, where US oil comes from (imports) and goes to (exports). See the first chart for the […]

Schrödinger’s nukes

There’s absolutely no evidence that Iran has, or has ever possessed, nuclear weapons. Indeed, the Obama Administration negotiated an agreement whereby Iran agreed not to develop nuclear weapons or even enrich uranium to the purity necessary to create a fission bomb. Trump tore up that agreement, but there’s no evidence that Iran made any progress […]

DEATH OF TRUTH and SOCIAL SECURITY (4)

Dale Coberly talking with AI (Artificial Intelligence) about Social Security. The Committee for Responsible Federal Budget has not been buying into Dale’s plan. Instead, they believe in cuts to Social Security rather than small (tens of 1 percent) increases in withholding. They have it in their mind that little can be done to keep Social […]

ISM manufacturing In February positive, but with a major helping of inflation

 – by New Deal democrat Most official data series remain about one month behind their normal schedule, despite the government shutdown having ended over three months ago. Thus the ISM manufacturing and services reports, as well as the regional Fed manufacturing and services reports, remain the most timely overall barometers of the economy. In the past […]

“tariffs depress economic activity” – Guest Commentary by Erica York – Tax Foundation

Commentary by Erica York at the Tax Foundation addressing tariffs and President Trump’s use of them with his intent of protecting the US economy. They don’t . . . ~~~~~~~ “Another paper finds tariffs depress economic activity” After the Supreme Court ruled President Trump’s emergency tariffs unlawful, he immediately implemented a 150-day 10 percent tariff under […]

New Deal Democrat’s Weekly Indicators for February 23 – 27

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Last week commodity prices, and in particular oil, rose sharply again – probably due to what has been unfolding in the Middle East. And the US$ is still losing value. Meanwhile withholding tax payments have faltered somewhat again. Good times! As usual, clicking […]

Lower Drug Prices Brought to You by Trump? Nope . . .

During President Trump’s first term, the administration falsely claimed that prescription drug prices are high for Americans because they are lower elsewhere. He enlisted the U.S. Trade Representative to help raise medicine prices abroad by lengthening prescription drug monopolies in other countries. Don’t Buy Trump’s SOTU Claims on Drug Prices, Public Citizen President Trump and congressional Republicans’ Big […]

A Promise of No Ice Officials at the Voting Locations

Heather Honey, the department’s deputy assistant secretary for election integrity, called it “disinformation.” Stating any fears of Immigration Customs and Enforcement (ICE officials) deploying to the polls as part of President Donald Trump’s ongoing mass deportation campaign is false. Latest Politico piece on the upcoming elections which are when? November 3, 2026: All 435 seats […]