Mike Norman Economics

Here we go again.ReutersTrump: 'I don't see a deal' with Democrats on keeping government open Reuters StaffSo there!Zero HedgeTop Democrats "Abruptly" Pull Out Of White House Meeting After Trump Twitter Attack Tyler Durden

What I want to highlight here is this: the private sector needs government deficit spending if it is going to recover properly from both the heart attack of the Financial Crisis and the decades of disease brought on by income redistribution and rising debt levels. This is so because government deficits are private-sector surpluses. The logic is really very simple. What number do you get when you add up every trade surplus and trade deficit on the planet? Zero, of course, because one...

By declaring Putin’s Russia to be the greatest danger to America, the political-media establishment itself is endangering US national security. The NationRussia Is Not the ‘No. 1 Threat’—or Even Among the Top 5 Stephen F. Cohen |  professor emeritus of Russian studies and politics at New York University and Princeton University, and a contributing editor of The Nation.See alsoCounterpunchSuddenly, I’m a ‘Russian Agent’! Dave Lindorff, investigative reporter, founding member of...

For any country, the foundation of successful diplomacy is a reputation for credibility and reliability. Governments are wary of concluding agreements with a negotiating partner that violates existing commitments and has a record of duplicity. Recent U.S. administrations have ignored that principle, and their actions have backfired majorly, damaging American foreign policy in the process.… In some cases, the US is unable to keep its agreements or honor its word over time, and in other cases...

On October 31, 2017, my blog – Europhile Left deluded if it thinks reform process will produce functional outcomes – countered some of the nonsense coming out of Europe (from the so-called progressive side) that the Eurozone hadn’t failed when judged by it bias towards mass unemployment and increasing precariousness of its citizens. I particularly noted the terrible record in terms of youth unemployment and NEETs. Yesterday’s blog – Massive Eurozone infrastructure deficit requires urgent...

According to news reports in the British press, Russian President Vladimir Putin has instructed Russia’s industries to prepare themselves to be able to make a quick switch to war production. http://www.independent.co.uk/news/world/europe/vladimir-putin-russia-business-war-production-sochi-military-talks-a8069951.html Clearly, the Russian government would not make such an announcement unless it was convinced that the prospect of war with the West was real. For some time I have emphasized in...

Not  much here.  Says he is going to take 30 days to study the situation; ie more lethargy from the Trump administration.Acting CFPB Director Mick Mulvaney Holds Brilliant Press Conference - Video... https://t.co/AlXjh5tL69 via @thelastrefuge2— Paul Webster (@plwtigers) November 28, 2017

Jimmy Dore is an excellent satirist who mixes serious politics with comedy which keeps his show really interesting. I would say that Jimmy Dore's politics and mine were about the same. Here he takes a satirical looks at the US military-industrial complex. [embedded content]

An in-depth discussion with renowned Palestinian scholar Prof. Joseph Massad. Alternet Max Blumenthal - GRAYZONE PROJECT - Exposing the Shocking and Continuing Alliance Between Zionism and Anti-Semitism According to this report the antisemitics in Europe drove the Jews out of their countries and this was exactly what the Zionists wanted as they hoped many of the Jewish evacuees would go to Palestine although most went to the USA instead.  Excerpt -  On the eve of Trump’s election,...

A media company backed by the conservative billionaire brothers will acquire Time, Fortune, People, and Sports Illustrated magazines Critics of media consolidation and the fossil fuel industry are decrying an announcement that the media company Meredith Corp., with a $650 million boost from conservative billionaires David and Charles Koch, will buy Time Inc.—which owns Time, Fortune, People, and Sports Illustrated magazines—for an estimated $2.8 billion. In a statement announcing the...