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Category Archives: Economics

Always look on the bright side of life

Monday, February 18, 2013

Here’s what you call mixed good news, about which I intend to follow the Python’s advice: WalMart executives are freaking out over lousy sales, according to this article in Business Insider. After a disastrous January, one WalMart exec wrote in an email that February sales so far are a “total disaster,” according to a Bloomberg […]

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A prognostication

Tuesday, February 5, 2013

We learn from this morning’s Day that Amazon will be building a “customer fulfillment center” here in the Nutmeg State, and will have to begin collecting sales taxes on in state purchases in November. Amazon, of course, has been in the forefront of the lobbying effort to keep states from collecting sales taxes on internet […]

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Unilateral Disarmament

Sunday, January 13, 2013

Obama has now unilaterally declared that he lacks the independent power to deal with the debt ceiling. There are some, actually there are many, who believe he has done so because an inability to act on his own is a condition precedent to his ability to claim he had no choice but to cut vital […]

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Yet another installment of “What Could Go Wrong?”

Wednesday, January 9, 2013

I just finished Robert Sheer’s book, The Great American Stickup, which traces the roots of the current economic crisis back to the early 90s, when a bi-partisan (isn’t bi-partisanship great?) group of scam artists, including Phil Gramm and his wife Wendy on the R side, and Robert Rubin and Larry Summers on the D side, […]

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Meet the new guy, same as the old guy

Wednesday, January 9, 2013

I know nothing about Jack Lew, who appears to be in line to be the next Treasury Secretary, but watch to see if the Republicans allow his nomination to go to the floor without a real fight. (There will be some token huffing and puffing because of the debt ceiling and because they are, after […]

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You’re welcome

Monday, January 7, 2013

Or, Great Minds Think Alike Paul Krugman, this morning, on the platinum coin: This still leaves the question of whose face goes on the coin — but that’s easy: John Boehner. Because without him and his colleagues, this wouldn’t be necessary. (via NYTimes.com) Yours truly this past Thursday: It occurs to me that if they […]

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Fighting crazy with crazy

Friday, January 4, 2013

This, and a number of other posts on the subject, including Paul Krugman’s here, should be required reading for every progressive who is concerned about the probability possibility that the Democrats might sell us out in two months in order to “protect the nation” from the Republican’s refusal to raise the debt limit. The Republicans […]

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Fitting in the Frame

Tuesday, December 11, 2012

This morning I attended a breakfast meeting of the Chamber of Commerce in Norwich. I made this sacrifice solely to show support for Chris Murphy, who addressed the assembled multitude. I figured that it could only help if there were at least a few Democrats in a crowd consisting mostly of people who think that […]

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A tax that can’t be mentioned in polite company

Monday, December 10, 2012

The “fiscal cliff” scare is a phony issue on a number of levels. It is a situation that was purposely created, and is now being used as a justification for taking steps that don’t have anything to do with the “cliff” itself. One indication of this, and I’m by no means being original in saying […]

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Speaking of Socialism

Sunday, December 2, 2012

Apropos the previous post, there are some areas in which we are the victims of a sort of perverse creeping loser socialism. It’s a national disgrace, but rarely mentioned. One of those rare mentions occurred today. The New York Times is now running a multipart series about the fiscal impact of tax “incentives” that are […]

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