The Angry Bear

An Investment in the Future It is said that Eisenhower brought home the Autobahn; that he foresaw the need for airports. Let us say that President Eisenhower, seeing these needs for infrastructure, brought America into the 20th Century, and say, “Thanks, Ike.” Through the years, the interstate gave everyone access to work, to recreation, to their Doctor, to the shopping mall, … ; Today, for these same reasons and more, every household should have...

Coronavirus dashboard for March 28: good news … < sigh > … and bad news According to the CDC, there have been 30.3 Million *confirmed* cases of COVID-19 in the US, and 550,000 deaths.The true number of actual infections is probably much higher. On the good news front, the CDC says that 36.2% of the entire US adult population has received at least one shot; a full 20%, or 1 in every 5 adults, has been fully vaccinated. Among those 65 years...

Tags: open thread

Democrats have used the the 2021 budget reconciliation process to pass the $1.9 trillion American Rescue Plan. This was made possible because Congress did not pass a budget resolution last year which allows Democrats to make use of it in 2021. Schumer plans to use the 2022 budget vehicle for individual portions Biden’s infrastructure and jobs plan. Democrats assumed the most they could do with reconciliation until next year when another budget...

Is the Biden Presidency The Final Triumph Of The Silent Generation?, Econospeak, Barkley Rosser The who?  Never heard of them?  Or never heard from them? More like the latter. After all they have not been called “Silent” for nothing. Yes, it seems that we alternate generations between large noisy ones and smaller quieter ones.  The Greatest Generation survived the Great Depression and won World War II, and they certainly let everybody hear...

Via the Oklahoman comes this news on Republican state legislation. I believe Florida and other states are enacting radical ideology in more than the voting rights arena: Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement A groundbreaking settlement will fundamentally change the way charter schools are funded in Oklahoma, despite vehement opposition from the state’s top education official. The Oklahoma State Board of...

Commenter R.J.S., MARKETWATCH 666 Personal Income down 7.1% in February, Personal Spending down 1.0%, PCE Price Index up 0.2% The February report on Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 1st quarter GDP, since it gives us 2 months of data on our personal consumption expenditures (PCE), which accounts for nearly 70% of GDP, and the PCE price index, the inflation gauge the...

The Real Border Crisis, The Atlantic, Adam Serwer, March 2021 This border surge is no different than 2019 and going back a decade. It will peak in May and the decline. What is the border crisis? Is it the recent surge of migrants, or is it the treatment of those migrants in detention facilities? The answer to that question—or whether you consider the situation at the border to be a crisis at all—most likely determines what you think the Biden...

Mike’s Blog Roundup with Infidel 753 today featuring a Sunday post from “Butterflies and Wheels,” Ophelia Benson used commenter Freelander’s words about the Container ship stuck in the Suez Canal.. Whew, that was a long chain of tributes. If you do not know, the Suez is a short-cut saving days and tons of fuel used when going around the Horn of Africa. It is estimated to be an ~$360,000 savings. Container Ship “Ever Given,” Evergreen Line, The...

 – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. For the first time since I started tracking this data, literally every single one of the coincident indicators is positive. We are starting to experience a boom in economic growth that I expect to continue throughout most if not all of this year. As usual, clicking over and reading will bring you up to the virtual moment as to what is happening in the economy, and...