Economics

Obama Owns the Economy – So what Does he Own?

April 18, 2014

Desperate to move past the disastrous legacy of the previous administration the GOP is demanding that Obama own the economy today. Fair enough – let him own it. Now let’s look at exactly what it is he owns. When Obama assumed office in January of 2009 the Unites States was in the midst of its […]

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Paul Krugman Is Not in the 1%.

April 16, 2014

Paul Krugman, columnist for the New York Times, and Nobel prize winning economist, no doubt makes a tidy living. He now has a position with the Luxembourg Income Study Center at CUNY – which studies the cause and effect of income inequality. When people on the right discovered that he was being paid $225,000 for 9 […]

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Corporatists Wearing Libertarian Clothes Are Laughing All the Way to the Bank.

March 13, 2014

“I have always found it quaint and rather touching that there is a movement [Libertarians] in the US that thinks Americans are not yet selfish enough.” ― Christopher Hitchens New Jersey has banned Tesla from doing business in the Garden State. Why? Because this electric car company is too innovative. And here, I am not talking about its technology, […]

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The Right’s Biggest Lie – “Taxes on the Rich Are Taxes on Job Creators”.

February 10, 2014

“We have always known that heedless self interest was bad morals, we now know that it is bad economics.” ― Franklin D. Roosevelt If you took a drink for every time you heard a right-winger, a so-called fiscal conservative, or Tea Party type say that raising taxes on the rich is an increase in taxes on the […]

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The GOP House Establishment Fights For Sanity. The Senate GOP Still Likes Crazy.

December 13, 2013

In a retro moment, Paul Ryan (R-WI) Chairman of the House Budget Committee and  and Senate Budget Committee Chairwoman Patty Murray (D-WA) agreed on a budget deal. It eases some of the sequester cuts, while leaving the majority in place. It does not raise taxes, but it does  increase revenue with fees and other charges. And […]

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A Minimum Wage Proposal.

December 6, 2013

“There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.” – Henry Ford. Proponents of a hike in the minimum wage argue that it is needed to boost workers at the bottom of the economic ladder out of […]

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Really? 11.27.13 – Chutzpah. Conservatives Enlist Ghandi and Martin Luther King. A Libertarian Calls Pope Francis a Ranter. And Donohue Says That Name Calling is Worse Than Child Rape.

November 27, 2013

The Tea Party implies that Ghandi would have been a fan. The Tea Party claims it is 130 million strong and growing. But it enjoys the support of only 22% of Americans. If everyone of those 22% over 14 – let us agree that people under 14 are not independent thinkers – that leaves just […]

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For Smaller Deficits and Slower Growth of the National Debt – Vote Democratic.

November 25, 2013

The fuss over the Obamacare failure to launch – and the new brouhaha over Iran – have pushed the debt/deficit “crisis” down the list of things to kvetch about. The ACA will resolve itself one way or another and, unless we are bombing someone, foreign policy soon fades away. Rest assured, the wailing and gnashing […]

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Who Knows More About Money, Warren Buffet or a Tea Partier?

October 10, 2013

Say you have a couple of million to invest, who would you ask for advice, Warren Buffet or Ted Yoho? If you do not know who Yoho is, we’ll get to him in a second. Let’s look at their careers. Warren Buffet is history’s most successful investor, with expertise grounded in 70 years of analysis […]

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