Monthly Archives: August 2011

Rick Perry = Margaret Thatcher?

If the United States is heading for a future as just one of the world’s major powers, not the overwhelmingly dominant economic and military force it has been for the last century, what are the implications for US politics?   Charles … Continue reading

Posted in U.S. Politics | 4 Comments

Hearts in the Right Place — Obama and Romney on Growth

CNN had this to say about President Obama’s speech in Decorah, Iowa yesterday: “The president said he will release a detailed plan to boost the economy, create jobs and control the country’s deficit when Congress returns to Washington in September” … Continue reading

Posted in U.S. Politics | 2 Comments

Misery Economics — of Quacks and Cures

“Take your medicine – it tastes awful, I know, but it will  make you better and in a few days you’ll be glad you did.” That doesn’t sound like high-tech medical care, more like a home remedy (castor oil?).  That is, however, … Continue reading

Posted in The Global Economy, U.S. Politics | 10 Comments

Do Facts Matter? Keynes would want to know

After Monday’s market sell-off, Republican leader Eric Cantor was quick to blame President Obama’s “anti-business, hyper-regulatory, pro-tax increase agenda” saying it “has led to dangerous uncertainty in our economy.”  Of course, by Friday the markets had almost fully recovered, without Obama … Continue reading

Posted in U.S. Politics | Leave a comment

Why doesn’t anyone admit we have a GROWTH problem? And yes, things ARE worse than we thought

Republicans are fond of saying that the U.S. doesn’t have a revenue problem, it has a spending problem.  They are dead wrong.  We have neither a revenue problem, nor a spending problem.  The critical issue of the day is that … Continue reading

Posted in U.S. Politics | 3 Comments

It’s a Bird, It’s a Plane, No, It’s a SUPERCOMMITTEE! Or maybe not.

The new “Supercommittee” is supposed to be “super” in two ways.  First, it is designed to succeed where Congress as a whole failed, coming up with a plan to cut the US Federal budget deficit by $1.5 trillion dollars (in addition to … Continue reading

Posted in U.S. Politics | Leave a comment

London is Burning — Will New York or L.A.?

People are asking the media — my gosh, could what is happening in London happen in the U.S.?  They forget that it already  happened here — and many times over, most recently in Los Angeles in the Rodney King riots of … Continue reading

Posted in U.S. Politics | 9 Comments

Syria — US will say Assad has to go (better late in this case)

Word is that the US will finally come out and call for the departure of Syria’s leader, Bashar al-Assad, as part of new sanctions on Syria’s regime. Many have asked why the US waited so long, while Assad called out … Continue reading

Posted in The Middle East Revolts | Leave a comment

I’m Shocked, Simply Shocked!!!

Last week brought us news that, faced with the threat that if the “Supercommittee” fails to find $1.5 trillion in budget cuts, there will follow automatic cuts of $600 billion each to the defense budget and medicare, lobbyists decided to pull together … Continue reading

Posted in U.S. Politics | Leave a comment

London is Burning

Amidst all the apocalyptic talk about the economy, we now have another vision of the apocalypse, as parts of London start to look like a scene from Resident Evil (minus the zombies), and the violence spreads to Birmingham and other … Continue reading

Posted in The Global Economy | 1 Comment