I don’t watch or listen to talking heads very often, especially those that are supposed to be “newscasters”. It’s a depressing display of hackery, made all the more frustrating since these people are presumably paid many, many times what the median family in the U.S. makes, so that they can do a poor job of… Continue reading Willful ignorance
Category: Politics
Hidden versus visible fees
Congress has capped the interchange fees that banks can collect from retailers for debit card transactions. As a result, some banks are now charging customers directly for the use of a debit card, up to several dollars a month. This has prompted some people to blame Congress for the increase in fees. And while it’s… Continue reading Hidden versus visible fees
Policy and politics
One of the many wonderful things they teach you in a Master’s program such as MSST is policy analysis. Part of that analysis is looking at a politics versus policy matrix. Whether a certain course of action is good policy versus good politics is largely orthogonal, so you really have four different boxes that an… Continue reading Policy and politics
The travails of Cassandra
Never have the policies and politics of this country been more frustrating. Not only to myself, but to everybody: approval ratings for the president, Congress, and both political parties are cratering. Is it any surprise? Nothing is getting done. The American house is on fire, Republican leadership is arguing whether now is a good time… Continue reading The travails of Cassandra
Vive la différence
Perhaps this isn’t the great philosophical difference between people that I think it is, but I find it significant enough to believe that it may explain at least some of the difference in people’s worldviews… Working for the legislature, I get to hear a lot of comments and criticisms from people who are not always… Continue reading Vive la différence
Requiem for a Pawlenty
So Tim Pawlenty has dropped out of the race for President. I’m not sure if anybody is really surprised; certainly, nobody should have expected a different outcome (I certainly didn’t). Which makes you wonder exactly why nobody bothered to tell him, although as long as the paychecks were still being signed I’m sure his advisors… Continue reading Requiem for a Pawlenty
Life isn’t fair
The quickest explanation of why we are in such a huge economic contraction/retrenchment is this: the real estate bubble of the aughts gave more equity to consumers in the form of rising home prices. They turned this equity into cash to fuel their spending. Now the bubble has burst, consumers have more debt than their… Continue reading Life isn’t fair
The Republican debate
I didn’t watch last night’s Republican debate in Iowa since it sounded about as much fun as, well, listening to Rick Santorum and Herman Cain and Michelle Bachmann wax political. The highlights were more than enough for me, and even those few minutes had me utterly confused and depressed.
The Wisconsin recalls
On first blush, the results of yesterday’s recall elections in Wisconsin would appear to be disheartening for Democrats. They won only two out of the six elections, one short of taking over the state senate. The goal of changing the dynamics in the legislature was not achieved, and so some may feel it was all… Continue reading The Wisconsin recalls
Are we doomed?
The economy is in terrible shape these days, not only in the U.S., but around the globe. And there doesn’t seem to be any way out of it. In Europe, the debt crisis clearly calls out for two solutions, default and inflation. Unfortunately, these are anathema to the ECB, leaving the continent to muddle along… Continue reading Are we doomed?