The Angry Bear

Virginia Ends The Death Penalty  Yesterday (or maybe the day before), Virginia Governor Ralph Northam overturned over 400 years of a death penalty. My state had the highest number of executions of any other, 1390, over those 400+ years. And now it is done. Good. “Lawmakers in the Democratic-controlled House of Delegates and state Senate passed identical bills last month that would end death sentences and executions. There are two men on death...

February personal income and spending decline: the back end of January stimulus payments by New Deal democrat Last month I wrote that the:“report on January personal income and spending shows just how important the stimulus packages enacted by the federal government both last spring and last month have been to sustaining the economy.”The truth of that was confirmed on the back end in this morning’s report for February, in which January’s 10%...

Steve Hutkins at Save The Post Office continues with the documentation of issues and occurrences at the USPO. Steve presents a good take-down of what DeJoy’s plan is going forward. He is predicting a 3.6% increase on top of a CPI increase. There are two alternatives being presented, the Base case and the “Delivering for America” Case. The “Delivering for America” Case uses the new rate authority to make its calculations (Figure 35, p. 51). It...

“Yesterday, Governor Brian Kemp of Georgia signed a 95-page law designed to suppress the vote in the state where voters chose two Democratic senators in 2020, making it possible for Democrats to enact their agenda.” I am not sure the election of two Democrats to the Senate was the objective of the voters in Georgia. It is more the result of voters flexing their muscle and stating, Repubs had better start to pay attention to the constituency,...

Tags: open thread

Hey Gentlemen,Wanted to give you a heads up that we are upgrading our server hardware to increase performance on our websites tomorrow night (Friday, 3/26) at 7pm CST.This maintenance will likely result in an extended outage while the hardware is upgraded, which could last up to 2 hours. We are scheduling the upgrade at 7pm CST to minimize impact as much as possible.Thank you for your patience and have a wonderful weekend! Just a heads up....

It is undecided yet, as to whether a newly assembled Board of Governors would jointly act under the leadership of Ron Bloom, a Democrat and former Obama administration appointee, to dismiss PMG Louis DeJoy. President Biden has appointed three additional members to the Board including; – Ron Stroman, formerly the deputy postmaster general (resigned); – Amber McReynolds, a voting rights activist; and – Anton Hajjar, a former American Postal...

Jobless claims make new pandemic lows at last New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether, as the number of those vaccinated continues to increase, there will be a veritable surge in renewed commercial and social activities and attendant consumer spending, leading in turn to a strong rebound in monthly employment gains. Two weeks ago I set a few objective...

Ken Melvin has an excellent post, Duplicitous Bastards. In it, Ken touches upon the right to bear arms as opposed to the right to vote and how the former who advocate the bearing of arms who advocate such are more than likely inclined to make it difficult for the latter who wish to practice their right to vote. Forty three states are attempting to pass 253 laws restricting the right to vote and the state governments show no fear of those voters...

Seconding Paul Krugman: inflationary pressures will be a transient phenomenon in 2021 (but will they cause a recession in 2022?)  – by New Deal democrat Paul Krugman argues once’s again this morning that any increase in inflation this year as part of a post-pandemic boom will be transitory: I agree. I want to elaborate on one point he hasn’t emphasized; namely, you can’t have a wage-price inflationary spiral if wages don’t participate!To...