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

First comments on Q2 GDP, no Recession Yet

First comments on Q2 GDP: no, we’re not in a recession (yet)  – by New Deal democrat When the negative print on Q1 GDP first came out three months ago, I wrote: “yes, it was a negative GDP print. No, it doesn’t necessarily mean recession…. But the big culprits were non-core items. Personal consumption expenditures, even […]

In The Scheme of Things

“What’s in it for me?” they asked. They being the transactional species. “Truth be, nothing,” was the answer. Truth be, there was nothing they nor anyone else could do in their lifetimes that would make it better for them, their kids, or their grandkids. Too late. So, they kept on doing the things that would […]

Republicans block funding helping veterans exposed to toxic burn pits

Jim Hannan brought this issue up in AB comments section. Been too busy trying to get myself healthy again. Just unbelievable. Republicans want to cut out mandatory spending for veterans. This would be another time where politicians have used “veterans in need” to pursue their own political agenda. Vietnam vets saw similar issues. The Bush […]

Libertarians and medical misinformation:  the case of ivermectin

A 73-year-old woman died of COVID because she got caught up in conspiracy theories and medical misinformation.  NPR has the details: When Stephanie caught COVID-19 just before Thanksgiving of last year, her daughter Laurie suggested that she get help. “She was really not feeling well, and I was like, ‘Just go to the doctor,’” Laurie […]

Shocking, Just Shocking . . .

Mitch McConnell Expels Joe Manchin from Republican Party “Mitch McConnell Expels Joe Manchin from Republican Party“ Andy Borowitz, New Yorker, July 28, 2022 WASHINGTON (The Borowitz Report) – Accusing the West Virginia senator of “collaborating with the enemy,” Senate Minority Leader Mitch McConnell angrily announced Joe Manchin’s expulsion from the Republican Party. “Joe Manchin’s behavior […]

The Increasing Debtor Status of the U.S.

by Joseph Joyce The Increasing Debtor Status of the U.S. The Net International Investment Position (NIIP) of a country reflects the difference between foreign assets owned by domestic residents and domestic liabilities held by foreign residents. The difference, positive or negative, determines a country’s status as an international creditor or debtor. The U.S. position, which […]

Media’s ongoing lies about Merrick Garland

“The media’s ongoing lies about Merrick Garland are doing a lot more harm than you think” – Palmer Report, James Sullivan An interesting little blurb on the impact of the latest President Joe Biden administration (Merrick Garland) action reminding hospitals they must do abortions if the mother’s life is endangered. As taken from the Palmer […]