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

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A cut in payroll taxes? Heck no.

…Bush-mandated end of his own tax cut for those earning more than a quarter of a million a year. Bruce Webb in comments lifted from Econospeak: The problem with Roubini…

Taxes, Deficits and Elections

…more permanent tax breaks to big business and the wealthy. Of course, the problem with this is similar to the problem with the proposed temporary expensing rule–the GOP will always…

Consumer confidence

…June 2009 but the exact month is not important- is tracking earlier “jobless recoveries”: 1990-1991 and 2001. The problem is, we can’t afford (economically, that is) a jobless recovery this…

What to do about CDO ratings II

…pretty safe. GS may or may not be evil but they sure aren’t stupid. This reform would have to wait until the idiot CDS writer problem is solved (can you…