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    Economics / Bush, health care, Medicare, Reagan /

    Republicans Abolish Medicare

    April 15, 2011

    Well nearly anyway. The only purpose of the vote in the House today was to pass the much hyped Ryan plan to “save” Medicare. For save read abolish. The vote was along purely party lines as we would expect. Or almost: four GOP members bravely voted against, two abstained. So now the Republicans are on […]

    Economics / creditors, deflation, Federal Reserve Board, fiscal policy, GDP, inflation, interest rates, monetary policy, wages /

    Watch Out For Hawks

    April 15, 2011

    Todays’ release of the March inflation figures is sure to get the hawks out in force. So duck for cover. What one media outlet refers to as ‘red hot’ inflation is rising up to the top of the hawk list of reasons to hammer at the average family. After all we have to protect, at […]

    Economics / retail sales, stimulus, unemployment /

    Chugging Along

    April 14, 2011

    Amid all the political drama the economy keeps on chugging. No great acceleration. No great slow down. Not enough to break the back of unemployment, but not bad either. Ho hum. Take today’s news on first time claims for unemployment assistance. They rose unexpectedly back above the magical 400,000 level all the way to 412,000. […]

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