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Category Archives: Economics

This time, let the banks fail.

Thursday, October 14, 2010

Friend Matt Berger has been sending links to multiple articles, such as this, on the foreclosure moratorium situation. It’s interesting that the banks, the press, and Obama’s people are pushing the meme that the law should not get in the way of the banks attempts to foreclose on mortgages which, in many cases, they may […]

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A bit more on Himes

Monday, September 20, 2010

Last week I wrote about the coming Democratic cave on the Bush tax cuts, and, among other things, I criticized Jim Himes for coming out in support of maintaining said tax cuts. I actually got a comment, the relevant portion of which reads as follows: Himes is in a difficult position when you look at […]

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Refinancing and recovery

Sunday, September 12, 2010

The Boston Globe’s front page article (Refinancing boom, but little lift for economy) reports on something about which I’ve heard from our real estate attorneys: that refinancings are going strong but home sales are not. The headline puts a negative spin on the refinancing phenomenon, but it might as accurately have noted that despite a […]

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A prescription for what ails us

Friday, September 3, 2010

My friend, Bob Roth, is not a serious person. He thinks we should do something to help the unemployed and, perhaps in the process, restore this country’s economic base. He doesn’t seem to care about those scary deficits. Not serious at all.

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Krugman looks in the Crystal Ball

Tuesday, August 31, 2010

Paul Krugman makes a prediction that is terribly likely to come true. There are times when it’s hard to conclude that we are anything but f**ked. If the Iraq parallel is any guide, and deficits become intolerable for everyone, years from now, when the American economy is mired in a deflationary trap — long after […]

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Time for some leadership

Wednesday, August 25, 2010

Obama should fire Alan Simpson. It is rather incredible that he would have put someone on his deficit commission (a/k/a Catfood Commission) who had such a patently reactionary agenda, but it really is part of a pattern. The irritating thing about this “bi-partisan”, Pete Peterson dominated commission is that it is solely a creature of […]

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Social Security under threat

Monday, August 23, 2010

As I believe I’ve written before, I have a pretty strong belief in maintaining a strong social security program. My family depended on Social Security survivors benefits, along with other socialistic stuff like worker’s compensation, to survive after my father died. Right now I represent a lot of social security claimants, and I see how […]

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Trickle down

Thursday, July 29, 2010

Colbert on extending the Bush Tax Cuts:

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Biggest unarmed robbery in history

Monday, July 19, 2010

In yesterday’s Times, Stanley Greenberg, who is supposed to be on our side, gives his prescription for the Obama battle plan against the Republicans after the Democrats hand them big victories in November: The president will send up four big initiatives that have to be taken up on a bipartisan basis — or not at […]

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Hope for the rest of us

Friday, July 9, 2010

According to the New York Times, the rich are defaulting on their mortgages at a greater rate than the rest of us: The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon […]

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