I have suggested (here and here) that idealism is leading progressives astray. Idealism leads progressives to ignore the political opposition that their proposals will encounter, and the need to win over reluctant allies through policy design, messaging, and – yes – compromise. A clear example of the pitfalls of progressive idealism is provided by the […]
Why I expect further declines in manufacturing jobs This is the week I highlight further information from last Friday’s jobs report. One thing that struck me is that we’ve now had two months of declines in manufacturing jobs. This is something I have been anticipating since about the middle of last year, because the manufacturing […]
December 2012, Robert Reich wrote about America’s children . . . Remember the Children. “America’s children seem to be shortchanged on almost every issue we face as a society. Not only are we failing to protect our children from deranged people wielding semi-automatic guns. We’re not protecting them from poverty. The […]
I hang around some pretty intelligent people who have smart friends commenting on their facebook pages. The first part of this post is from a comment on Claude Scales’s Facebook page by William R. Everdell. I think it fits with the NYT article Claude referenced. The second part of this is a shorten version of […]
by New Deal democrat Weekly Indicators for February 3 – 7 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. There were some changes in all of the timeframes this week. Of particular note, the coincident indicators of rail and steel, which were negative for almost all of 2019, have switched over to […]
Live-blogging the Fifteenth Amendment: February 8 – 9, 1869 Note: I fell a little behind on this project. I hope to be fully up to date by the end of this weekend. On February 8 and 9, 1869, the Senate did something I daresay it would never consider now: it pulled an all-nighter! Despite numerous […]
January jobs report: why I am discounting the headline strong jobs number HEADLINES: +225,000 jobs added U3 unemployment rate up +0.1% to 3.6% U6 underemployment rate up +0.2% from 6.7% to 6.9% Leading employment indicators of a slowdown or recession I am highlighting these because many leading indicators overall have strongly suggested that an […]
Is Iraq About To Switch From US to Russia? Today Juan Cole reports from a newspaper in Iraq that since Mohammed al-Allawi has become the new prime minister in Iraq, there has been a meeting in Baghdad between the Russian ambassador and the Iraqi milirary Chief of Staff, and the Iraqi president, Saleh, will be […]
Jobless claims continue to show a healthy economy I’ll keep this brief. This morning’s weekly report on initial jobless claims continues to show no danger of any imminent downturn. The weekly number was 202,000, close to its 50 year lows last year. The 4 week average was 211,750, also close to its recent 50 year […]