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The Democratic Problem: Plutonomy

One of my deepest frustrations with Obama is that he simply has no connection with everyday people. He seems unwilling or unable to get hold of popular measures and make them his own. In part I blame his technocratic attitude and experience, and in part I blame his team. Indeed the problem of his team […]

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The Republican Problem: Reality

Having made all sorts of promises, some specious, some serious, the GOP is finally on the clock. It has to do something rather than object. First up, apart from the ridiculous reading of the constitution on the floor of the House, is a move to repeal the health care reform passed so agonizingly last year. […]

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Jobs Galore?

True to the recent hyperbolic trajectory of the reaction to good news, today’s ADP report on private sector employment has been greeted as a “blockbuster”. We are being told that nirvana is imminent. Not so fast. The news is, indeed, very good. Private payrolls in the US economy added 297,000 new jobs last month. That’s […]

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