The Angry Bear

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[unable to retrieve full-text content]I can see going forward there will be a lot of humor. Trust me it will be great . . . You tube

“We’re gonna launch an investigation to find out. And then the next time, and I will say this: Of those votes cast, none of ‘em come to me, none of ‘em come to me. They would all be for the other side. None of ‘em come to me. But when you look at the people that are registered: dead, illegal and in two states, and in some cases maybe three states. We have a lot to look into.” — Donald J. Trump I regret to inform you that the nincompoop quoted above is President of...

Robert Waldmann | January 25, 2017 7:48 pm Somehow Trump manages to bring out the best in people. In the January 21 women’s march demonstrations, millions of ordinary Americans peacefully engaged in the political process, expressing a variety of consistent opinions with passion and humour. I was delighted. But today I am amazed. It seems...

Spencer England | January 25, 2017 8:24 am President Trump is not alone in blaming NAFTA for the decline in US manufacturing employment over the last several decades.  Many people on all sides of the political spectrum believe the same thing.  But as this chart demonstrates the economic data tells a very different story. In the decade after...

Robert Waldmann | January 25, 2017 6:46 am First note strong evidence that the rate of wage inflation is mean reverting. This is a pooled regression with data from the Old EU 15 from 1960 through 2015. Indicator variables for countries are included but the coefficients aren’t reported. dw is the percent rate of wage inflation. ddw is the...

Paul Ryan and other House Republicans voted along party lines “Adopting rules for the One Hundred Fifteenth Congress.” The vote was 234 Yeas to 193 Nays. Three Republicans voted with Democrats to block the new rules for the 115th Congress. No big deal, right? and the New Rules passed. As many of you probably know, I have been writing about the PPACA/ACA/Obamacare since 2008; answering questions, presenting information, and rebutting the stories, outright lies,...

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Recently I put up a few graphs showing that the income of immigrants is correlated with the income of the country from which they hailed, and that this relationship is especially true for immigrants who have been in the US the longest Garrett Jones has been covering the same ground, and here he provides a bit of a review of the literature: Recently, a small group of economists have found more systematic evidence on how the past predicts the present. Overall, they...

When Barack Obama became President, Republicans in Congress pledged to oppose him tooth and nail. That was a bad idea. It implied that they were hoping the President would fail. This implies one of two things: either they wished ill for the country, or they were completely convinced that Obama was wrong and they were right on every important issue. Giving them the benefit of the doubt, we can assume hubris rather than dislike of country (or worse). But hubris...