Most Economists Agree – The Stimulus is a Bad Idea

From Obama's speech last night - Most economists almost unanimously recognize that, even if philosophically you’re — you’re wary of government intervening in the economy, when you have the kind of problem we have right now — what started on Wall Street, goes to Main Street, suddenly businesses can’t get credit, they start paring back … Continue reading Most Economists Agree – The Stimulus is a Bad Idea

"Stimulus" Bill Now Tops $900 Billion

Congress is sapping any possibility of US productivity for generations to come. Only a fraction of this so-called "stimulus" bill actually stimulates the economy. The vast majority of it is increased government oversight and additional government programs. By taking such a whopping amount from the American people, the US government is stifling productivity of the … Continue reading "Stimulus" Bill Now Tops $900 Billion

Working Class

Slate.com questions whether Bush supporters are insane. They point out that the wealth of the working class is shrinking. While the Democrats run on platforms that say they will help, the working class votes Republican anyway. The working class's refusal to synchronize its politics with its economic interests is one of the enduring puzzles of … Continue reading Working Class

The Economy Today

Two news stories today make it clear how the economy is fairing today. First, the economy is in the doldrums. Consumers aren't spending, businesses are losing money, the world is coming to an end: NEW YORK (Reuters) - Discount retailer Dollar General Corp. on Wednesday posted an unexpected profit fall with customers hurt by high … Continue reading The Economy Today

Vast Right Wing Conspiracy Cover is Blown!

Rather than post stream-of-consciousness back-to-back-to-back articles, here's my last minute thoughts before I turn in. Fox News has a poll out, their summary says The latest Fox News poll finds that while President Bush's job rating remains below 50 percent and pessimism about the nation's economy grows, the election matchup shows little movement. In addition, … Continue reading Vast Right Wing Conspiracy Cover is Blown!