I’m not sure this is of general interest, but I would like to argue (again) with Glenn Greenwald. In this tweet, he asks an interesting and important question The FBI, and many Democrats, insisted vehemently that release of the Nunes Memo would endanger national security. Now that we’ve all read it, is there anyone who believes that this argument was even remotely true or honest? Yes. This has been another episode of simple answers to simple questions....
Read More »Distractions, Distractions
Distractions, Distractions Wow! We have a great controversy! A squib of a memo by the House Intel Comm has completely devoured the media. A constitutional crisis! Egad! In two weeks, or maybe two months, it will be nothing. But for now, well, very very very serious. At a minimum it has distracted everybody from Trump’s gloriously successful State of the Union speech, which was so well received until this distraction that he thinks will bring about...
Read More »Hey Democrats, the Problem Isn’t Jobs and Growth
It’s inequality. By James Kwak This American Life‘s forays into politics and economics are generally less satisfying than their ordinary storytelling fare. That’s especially true when they try to answer some specific question, like “What is wrong with the Democratic Party?”—the subject of a segment last month. The story did have some telling moments, however, most vividly when moderate Congresswoman Cheri Bustos was trying to pitch the party’s forgettable and already-forgotten “Better...
Read More »Hey Democrats, the Problem Isn’t Jobs and Growth
It’s inequality. By James Kwak This American Life‘s forays into politics and economics are generally less satisfying than their ordinary storytelling fare. That’s especially true when they try to answer some specific question, like “What is wrong with the Democratic Party?”—the subject of a segment last month. The story did have some telling moments, however, most vividly when moderate Congresswoman Cheri Bustos was trying to pitch the party’s forgettable and already-forgotten “Better...
Read More »About that Trump wage boom
About that Trump wage boom Over last weekend, I read a bunch of notes which indicated that Trump was claiming credit for a boom in wage growth. Let’s take a look: THIS is a wage boom: In the 1960s, real wages grew by almost 9% over 7 years, an average of 1.3% per year. THIS is also a wage boom: In the late 1990s, real wages grew by just over 9% in 7 years, again averaging 1.3% per year. This is NOT a wage boom: During the...
Read More »Focus Economics top 101 economics blogs
Angry Bear maintains its status as one of FocusEconomics Top Economics and Finance Blogs of 2018. Econospeak is on the list as well, whose authors contribute to Angry Bear. Angry Bear The Angry Bear blog is a multi-author blog that covers news, politics and economics. The contributors to the blog are some of the best in the business such as emeritus professors, tax law experts, historians, business consultants, economics PhDs, finance professionals and...
Read More »CNN Explaining the current economy vs the Republicans version
I thought this was a nice brief on where the economy is and the lies of the republicans currently. Considering the show that will be put on tonight. [embedded content] Testing the White House Economic Claims
Read More »The Black Unemployment Rate
The Black Unemployment Rate Josh Marshall listens to Donald Trump so we do not have to: President Trump has been out bragging that “because of my policies” the African-American unemployment rate has dropped to its lowest level ever. This appears to be technically true. But I thought it made sense to give some context for the nonsensical nature of this claim. As you can see, the idea that this is “because of my policies” is a bit hard to square with the...
Read More »The Dispensibility of Steven Miller
I have tried to resist Fisking this op-ed by Ross Douthat, but I can’t resist. Whole post after the jump to avoid lowering AngryBear relevance index. “The Necessity of Stephen Miller” (title chosen by an editor not Douthat) He writes negotiations “have mostly taken place between people who are fundamentally in agreement on immigration,” who favor both amnesty for illegal immigrants and reforms that would probably increase immigration rates. The problem...
Read More »Republicans Are Killing Social Security One Tiny Service Cut at a Time
Nancy Altman reminds us that Social Security is NOT off the table for Republicans via this post Republicans Are Killing Social Security One Tiny Service Cut at a Time at Slate: Republicans have made no secret of their long-standing desire to destroy Social Security as we know it. Indeed, Sen. Marco Rubio revealed just before Christmas that congressional Republicans plan to go after Social Security yet again. Their strategy includes both direct and...
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