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

Paul Krugman Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed: That Sanders, rather than the New York Daily News editorial board members, don’t know what Dodd-Frank authorizes the federal government to do concerning ‘systemically important’ (a.k.a., too-big-to-fail) financial institutions. Good for him.

Which brings us to Snoopy, who has, for reasons I don’t fully understand, long been the emblem of the insurance giant MetLife. “At the end of 2014 the regulators designated MetLife, whose business extends far beyond individual life insurance, a systemically important financial institution. Other firms faced with this designation have tried to get out […]

Why did Paul Krugman and the Washington Post editorial board—both of whom know better—misrepresent that it was Sanders rather than the New York Daily News editorial board that was wrong about what Dodd-Frank provides, and about whether it would be Treasury or instead the financial institutions themselves that would determine the method of paring down?

As Dean Baker and several (mostly) alternative-media and hobbyist bloggers—including actual experts on Dodd-Frank and on financial-institution governance—have noted since the New York Daily News editorial board released a transcript last Tuesday of its interview with Bernie Sanders, it was not Sanders but instead members of that editorial board who were deeply confused about what […]

Clinton admits she failed to do her homework, and therefore misunderstood, when she stated at the February debate that Dodd-Frank already authorizes the Treasury Dept. to force too-big-to-fail banks to pare down and that therefore no further legislation authorizing it is necessary. That’s quite an admission by her, and the New York Daily News editorial board (and the Washington Post’s Chris Cillizza) should take note.

A notion is rapidly crystallizing among the national media that Bernie Sanders majorly bungled an interview with the editorial board of the New York Daily News.His rival, Hillary Clinton, has even sent a transcript of the interview to supporters as part of a fundraising push. A close look at that transcript, though, suggests the media may […]

Oh, Dear.

[GLENN] THRUSH: When [Sanders] puts his head on a pillow at night, do you think he goes to sleep a Democrat? CLINTON: [Laughs] Well, I can’t answer that, Glenn, because he’s a relatively new Democrat, and, in fact, I’m not even sure he is one. He’s running as one. So I don’t know quite how to characterize […]

The Problem That Clinton Should See and Solve: Her misconception of what, for a huge number of voters, this year’s presidential campaign is about

And for me, it’s all about getting results. When I joined with parents and doctors and community leaders to take on the epidemic of children’s asthma right here in Harlem, it wasn’t about making a point; it was about making a difference. — Hillary Clinton, speaking at the Apollo Theater in Harlem, Mar. 30 When […]

An interesting coincidence: Cruz beat Trump and Sanders beat Clinton in Wisconsin by identical percentages

Each won by 13.2%. ____ UPDATE: I posted his when 99% of the vote in each primary was counted.  Now, with 100% in both primaries counted, Cruz’s victory margin remains at 13.2%.  Sanders’s is 13.3%. Added 4/6 at 10:32 a.m.    

Millennials like socialism — until they get jobs. Or until a pollster tells them that it would mean tax increases but doesn’t tell them, for example, that the tax increases would replace healthcare insurance premiums and out-of-pocket medical expenses. And doesn’t tell them that “more government services” means something other than, say, trash collection twice a week instead of once a week.

Okay, so the title of a Washington Post op-ed piece today by research fellow and director of polling at the Cato Institute Emily Ekins is “Millennials like socialism — until they get jobs.”  She knows that this is do because a recent Reason-Rupe poll—that’s libertarian magazine Reason, and some polling organization they hired—found that: When […]

The ACTUAL Likely Reason That Clinton Won Ohio by 15 Points: Blue-Collar Whites Voted in Large Numbers for Kasich Against Trump. (This matters. Maybe a lot.)

Okay, so Paul Krugman blogged yesterday that the Clinton campaign’s numbers guru, Joel Benenson, claims that Clinton lopsidedly won the Ohio primary because: Ohioans took a hard look at Senator Sanders’ claims, and rejected them. Despite his attempt to portray Hillary as an ardent free­trader, Hillary voted against the Central America Free Trade Agreement (CAFTA), […]

Hillary Clinton Admits That She’s an Idiot. Seriously.

In 2012, President Obama campaigned as a champion of the auto industry by taking credit for the auto bailout and repeatedly hitting his opponent, Mitt Romney, for opposing it. Some think the strategy helped Obama win reelection. Four years later, Hillary Clinton appears to be using the same playbook — only this time she’s doing it in the […]