Double Standard?
Ummm. Why does it take only 51 votes to re-appoint Bernanke, but 60 to pass health care reform?
Economics / defense spending, deficits, entitlements, fiscal policy, health care, Medicare, Obama, Social Security /
The Freeze Part 2
No I haven’t changed the basic thrust of my opinion: the freeze still is rubbish. It covers a small part of the budget and so will garner very little by way of actual deficit reduction. At the same time it represents an abject capitulation by the White House to Republican arguments. At best it panders […]
Economics / Case Shiller Index, consumer confidence, home prices, real estate /
House Prices Drop, But Confidence Rises
This is a busy week for economic reports, so I need to make quick reference to today’s news, which was mixed. House prices, as measured by the Case-Shiller index, dropped by 0.2% in November and the October number was revised down to show a slight fall also. Obviously this is not very good news and […]