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    Economics / Bush, deficits, deflation, Federal Budget, Reagan, recession, recovery, tax cuts /

    Republican Tax Increase, and The National Debt

    September 17, 2010

    Yes that’s what we’re all discussing. The current political furor over whether to maintain the Bush tax cuts, and for whom, is entirely missing the point. The original law written way back in more pleasant days, included a “sunset” provision. That is to say those who voted for the decrease back then were simultaneously voting […]

    Politics / Karl Rove, Reagan, Tea Party /

    Karl Rove … Moderate?

    September 15, 2010

    I rarely regress into politics here. Or at least I try to stay within the confines of economics when I express myself. But this is just extraordinary. For those of you who have missed the story: Karl Rove, the very architect of the Bush coalition with the religious right and sundry other extremists, was thrown […]

    Economics / auto industry, capacity utilization, GDP, industrial production, recovery /

    Industrial Production: The Chug Continues

    September 15, 2010

    This week’s calendar of news releases is full of the lesser reports that allow us to fill in the details of economic activity. Each is simply a small part of the whole, but each contributes to the overall picture. Today’s example is one of the more significant: industrial production, which edged up 0.2% in August, […]

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