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

Kudlow’s Komedy Kapers (Cross-post)

Brad DeLong asked a few days ago who he should be reading on a daily basis. Following is a cross-post from my nominee, The Hunting of the Snark: Kudlow’s Komedy Kapers Larry Kudlow is worried that Obama is ruining the economy. Larry KudlowAugust 5, 2011 4:30 P.M. More Obama Spending Won’t Do ItAnd stocks know […]

Barack Obama = Lot

I won’t post it here—the full text would be so NSFW that Lee Papa might hesitate—but here’s the outline: UPDATE: I was correct about Mr. Papa’s likely reaction being more moderate, but he’s more lucid that Ezra (or Greg Sargent) has been so far today. Of course, “more lucid than people employed by the Washington […]

And the Wrong Words Make You Listen in this Criminal World

Mark Thoma, who supported (and probably voted for) the man during the primaries, is dumuch more gracious than I am: A vague promise from Democrats about the future is all but worthless right now, we’ve had too many promises broken already. Obama’s promises in particular mean nothing. The nicest thing I can do is describe […]

A Billion Here, A Billion There…

This is why Andrew Leonard (h/t Yves Smith) gets paid for blogging and I don’t. He tries to do the impossible: make sense out of Michelle Bachmann’s “economics“: 1) The interest can easily be paid for … Bachmann is making the argument here that the U.S. can choose to pay its creditors — the various […]

Being Early to the Party: Bad for Links, But Good for Information

Yahoo! News, Tuesday early afternoon Dr. Black, Wednesday, just before noon. Brad DeLong, about fifteen minutes after Dr. Black Me, Monday morning. But this isn’t a “First Mover” claim. It’s a note that there are no “savings” in getting rid of the website. There aren’t even the “registration fee” that applies to private enterprises. Commenter […]

Why Would Anyone Call Congressman Ryan’s Plan "a Budget"?

More on the health-care later, but let me be clear: Congressman Paul Ryan’s “plan” is NOT a budget. Budgets show Sources and Uses. As the CBO analysis makes clear, this “budget” is no more a budget than Ryan’s last round of fakery. To wit: The path for revenues as a percentage of GDP was specified […]

Duncan Black, Ph.D. who Specializes in the Economies of Cities, Explains It All to You

Bruce has made this point repeatedly. Dr. Black puts it in more direct language: [I]nevitably the Social Security Trustees will, perfectly justifiably, tweak a few assumptions about future economic activity so that there will be a DOOM scenario, an EVERYTHING’S AWESOME scenario, and a “uh oh maybe in about 40 years we will have a […]