The Angry Bear

Dems Continue To Sink Despite Improving Economy  On the first page of today’s Washington Post was reported a poll showing that when a random sample was asked, 46% said they would vote for a generic Republican candidate for Congress versus 43% for a generic Democratic candidate. Given reported further pro-GOP gerrymandering, if this were to hold for next year’s midterms, GOP would certainly take solid control of the House, if not the Senate.  Not...

Now *that’s* good news: another blockbuster real retail sales report Yesterday I wrote that the financial and production sides of the economy still looked very positive and that today’s retail sales number would be especially important. Well, they were very positive, clocking in at up 1.7% month over month in October. Even after inflation, “real” retail sales were up 0.7%. September was unrevised. Although real retail sales are down -2.2% from...

Letters from an American re-postedNovember 16, 2021Heather Cox Richardson Nov 17Today, President Joe Biden hit the road to sell the benefits of the $1.2 trillion bipartisan infrastructure bill he signed into law yesterday. In Woodstock, New Hampshire, today, standing at a bridge deemed structurally unsafe—one of the 215 unsafe bridges in New Hampshire—Biden said “Clean water, access to the internet, rebuilding bridges—everything in this bill matters...

Coronavirus dashboard for November 12: regional variations and the winter wave There’s a glitch in 91-Divoc collecting Johns Hopkins data, so the State by State totals have not been updated for several days, but here is Our World in Data’s update for the US as a whole: As of yesterday, cases are up only 3.5% from their recent low 2 weeks ago.Meanwhile, deaths have also stopped declining, but have not increased from their low of just...

Josh Marshall has a good post about Covid 19 boosters. His site www.talkingpointsmemo.com is the other site for which I pay actual money. Unfortunately, I see the good post is for subscribers (like me) only, so I will just have to show my respect by free using the hell out of it. Josh wants a Covid 19 booster shot and he doesn’t think that the experts who won’t let him have one are basing their decision on actual expertise as opposed to shared...

Dear Democrats: Yes, inflation is a problem [Update: I see where Larry Summers has obviously read my piece below, and says, “I agree with NDD!”  (Just teasing)] In the past few days, I have seen a spate of articles and tweets from prominent partisans and economists telling Democrats not to worry about inflation, either because it is a transient supply chain issue, or else because Biden’s infrastructure and “Building Back Better” plans will...

 by New Deal democrat Weekly Indicators for November 8 – 12 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Surprisingly, given the big increase in the CPI (that is likely to continue via “owner’s equivalent rent”), almost all the indicators across all timeframes remain positive. As usual, clicking over and reading will bring you up to the virtual moment, and bring me a little bit of remuneration for my efforts. ...

I actually subscribe to a substack (even though I have a rule to never ever pay for web content). I have made 2 exceptions Talking Points Memo and Noahpinion. That written, one of the ways in which I find Noah Smith extremely stimulating is that I often, almost always, disagree with some of the many ideas he packs into each post. I this case, I object to one “two”. Noah wrote “Unfortunately, neither of America’s two political movements seems...