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The Angry Bear

My Favorite Conservative

Is Michael Gerson. My dad likes David Brooks (please no comments on this). I don’t, but also I am quite sure that Brooks isn’t really a conservative anymore. I think he just plays one on TV. He has a column in the New York Times based on their affirmative action conservative quota. There would be no reason to pay any attention to him if he weren’t a relatively reasonable conservative. I think he is, in fact, a remarkably vacuous centrist. It may...

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How today’s Democratic ‘Squad’ is a direct ideological descendant of the original 1850s Republicans

How today’s Democratic ‘Squad’ is a direct ideological descendant of the original 1850s Republicans Nothing is ever really “new.” Today’s ‘Squad’ of young Democrats is the direct ideological descendant of the original 1850s Congressional Republicans. That is one of the important lessons of Joanne Freeman’s “The Fields of Blood,” about the increasing threats of, and actual incidents of, violence in the US Congress between the 1830s and the Civil War. Just...

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Frank Ackerman, 1946-2019

Frank Ackerman, 1946-2019 The world of economics suffered a sad loss a few days ago (July 15) with the death of Frank Ackerman.  Frank was a mainstay of the activist left within the profession; he was one of the founders of the magazine Dollars and Sense and could always be found at activities of the Union for Radical Political Economics.  He was notable for being one of the most exacting of critical economists, never substituting political passion for...

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Mankiw Misrepresents a Story on Senator Sanders Campaign Worker Negotiations

Mankiw Misrepresents a Story on Senator Sanders Campaign Worker Negotiations Greg Mankiw reads this story and writes: Staffers in the Sanders campaign, who are working on salary, complain that they are paid less than the $15 per hour that Senator Sanders advocates for the minimum wage. So Sanders raises their hourly wage. Does that increase their income? No, because he raised the hourly wage by cutting the number of hours they work! Of course, if a...

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Hannity Calls For/Predicts War With Iran

Hannity Calls For/Predicts War With Iran OK, sorry if this is just over the top, but this evening Trump’s close pal, Sean Hannity, has gone over the top both predicting and clearly supporting a full blown attack on Iran, “take out all their nuclear facilities.”  Curiously a sign of how over the top this is was given by one of his guests, a colonel, warned that it would take nuclear weapons by the US to fully take out the most deeply buried  Iranian...

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Weekly Indicators for July 15 – 19 at Seeking Alpha

by New Deal Democrat Weekly Indicators for July 15 – 19 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. There were a number a changes among the short leading indicators this week at the margins, in a somewhat surprising direction. Since I’ll be posting my semi-annual updates of my short and long term forecasts over the next week or two, there is a lot for me to think about! Anyway, as usual, clicking over and reading should be...

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Bill Black says what if…

(Dan here… Via Real News Network, Bill Black discusses the what-ifs of President Trump’s policies in a spectacular contrast to current expectations…providing. a jumping off point from what we expect from the way it is framed now. I assume the complex interalationships of the wealthy elites (let us see how the Epstein case unwinds for another aspect) plays an important but not so well known role in this drama.  I find his thought his conclusions dismaying...

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Eliminate The Debt Ceiling

Eliminate The Debt Ceiling Several days ago in WaPo, Catherine Rampell published a highly reasonable column calling for eliminating the century-old US debt ceiling, something no other nation has ever had, a position supported by a wide array of economists including such a conservative GOP stalwart as the recently deceased Martin Feldstein, a former CEA Chair for Reagan.  I have made numerous posts here on this in the past, but the issue is hot again as...

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Fox News Is Calling The Persian Gulf “The Arabian Gulf”

Fox News Is Calling The Persian Gulf “The Arabian Gulf” Yes.  For centuries throughout the entire world that crucial body of water has been called “the Persian Gulf,” even though in 1935 the nation of Persia changed its named to “Iran.”  I became aware several decades ago when I was in Saudi Arabia that they have a really big fuss that it should be called “the Arabian Gulf.”  I think maybe their fellow Arab GCC members have been supporting this nonsense...

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