The Angry Bear

Prominent among the things that the out of touch elite knows about regular Americans in, say Kansas where something is the matter, is that those people oppose means tested programs almost as much as they support Social Security old age and survivor benefits and Medicare. (Another used to be that the didn’t support higher taxes on high income people. One of my angrybear obsessions was noting the solid to overwhelming majorities in all polls dating back to...

Another Personal Observation On Privatized Highways Last month I posted a personal observation on Trump’s plan to privatize infrastructure, noting especially how in the long run privately owned turnpikes in Virginia ended up in government ownership.  In the comments on that post there was discussion of the Indiana Toll Road, privatized a few years ago.  I have just ridden on it (yesterday), and I shall recount as an anecdote datum my less than pleasant...

Trump’s presidency is 1/8 done. The economy is still on Obama’s autopilot. Where’s the DOOOM?!? Today marks half a year since Donald Trump took the Oath of Office as President.  I just wanted to note that, so far, absolutely nothing of significance has been enacted to affect the economy.  It’s still basically Barack Obama’s expansion. Of note, where have all the Doomers gone?  Zero Hedge has turned into a Trump + Putin fanboi club. The left-wing purists who...

After my recent post on police shootings I was curious and did some googling on the topic. By coincidence, right about that time Peter Moskos (i.e., Cop in the Hood) wrote this: I looked at the Washington Post data of those shot and killed by police in 2015 and 2016 and broke it down by states with more and fewer African-Americans. States that are more than 10 percent African American include 21 states plus D.C. (198 million people, 18 percent black, 36...

(Dan here…lifted and reposted) by Mike Kimel How Keynesian Policy Led Economic Growth In the New Deal Era: Three Simple Graphs November 22, 2011 In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government’s non-defense spending. There are going to be a lot of words at first – but if you’re the impatient type, feel free to jump ahead to the...

Lifted from comments at Naked Capitalism MC So your solution includes taking money from those who saved and invested, and re-distribute it to those who spent everything they earned? As someone in the “saved and invested” category, I find that plan to be a non-starter. When I was setting aside 15% of my income for savings and investments, paying extra on my mortgage, and driving older cars, I have friends who (at the same income level as my wife and I)...

Steve Roth writes What is the secret to joining the rich country club at Evonomics: By Steve Roth There’s a curious fact about the wealth and growth of nations that you rarely see mentioned: No country has ever joined the modern, high-productivity, rich-country club without massive doses of redistribution, and universal government programs for social support and financial security. Not one. Ever. You can get a rough feel for the scale of those programs here...

Via US News: Less than half of recently polled Trump supporters believe Donald Trump Jr. met with a Russian lawyer, despite the president’s eldest son admitting he attended the controversial meeting.The latest survey from Public Policy Polling finds that only 45 percent of Trump voters believe Trump Jr. attended a meeting with Russian lawyer Natalia Veselnitskaya .… In spite of confirmation from Trump Jr. himself, 32 percent of respondents said the meeting...

by Dale Coberly DID MAYA MACGUINEAS of CRFB LIE on TIME magazine website OR WAS SHE JUST FOOLIN’ AND DID ANYONE NOTICE Maya MacGuineas is president of the Committee for a Responsible Federal Budget (CRFB) which reliably confuses the Federal Budget with the Social Security program.   CRFB claims to want to cut government spending to balance the Budget,  but it spends most of its time arguing for the need to cut Social Security. Social Security is not funded...