Politics, Memory, and Reality

Americans look back more fondly on the Trump economy than they did in 2020.

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Taxing ‘The Rich’

It’s a relative thing.

If Inflation is Down, Why Are Prices Up?

Shockingly, most people aren’t economists.

President Joe Biden takes his mask off to deliver remarks on COVID-19 and the economy, Thursday, July 29, 2021, in the East Room of the White House. (Official White House Photo by Adam Schultz) President Joe Biden takes his mask off to deliver remarks on COVID-19 and the economy, Thursday, July 29, 2021, in the East Room of the White House. (Official White House Photo by Adam Schultz)

Biden’s Covid Malaise?

A pandemic hangover may be clouding American politics.

Fixing The Credit Card System

It’s great for the well-off but increasingly problematic for the larger economy.

The free high-resolution photo of person, photography, money, child, business, singing, euro, merit, businessman, finance, wealth, profit, performing arts, stock exchange, revenue, investments, speculate, stock broker, speculation, share price, capital market , taken with an NIKON D3200 02/10 2017 The picture taken with 250.0mm, f/7.1s, 10/400s, ISO 400 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required. The free high-resolution photo of person, photography, money, child, business, singing, euro, merit, businessman, finance, wealth, profit, performing arts, stock exchange, revenue, investments, speculate, stock broker, speculation, share price, capital market , taken with an NIKON D3200 02/10 2017 The picture taken with 250.0mm, f/7.1s, 10/400s, ISO 400 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required.

A Decades-Long Stock Market Bubble?

The S&P and Nikkei are at all-time highs. Economists warn that it won’t last.

The Psychology of Inflation

The food is too damn high!

Do Democrats Have a Better Option Than Biden?

Ezra Klein makes a compelling case.

Some Luke Warm Takes On NY3

Yes, every special election is a very special snowflake, but trends do emerge

Monday Tabs

What I’m reading but don’t have time to write about at length.

Pickup Truck Prices

An interesting consumer benchmark.

The Republican News Bubble

We’re entitled to our own facts.

Comparative Recoveries

The US is doing better than peer economies.

The Impulse to Want a Strong Man

And the intuition that things aren’t really working.

President Joe Biden participates in a joint press conference with United Kingdom Prime Minister Rishi Sunak, Thursday, June 8, 2023, in the East Room of the White House. President Joe Biden participates in a joint press conference with United Kingdom Prime Minister Rishi Sunak, Thursday, June 8, 2023, in the East Room of the White House.

US-UK Strike Houthi Targets

The inevitable response to attacks on international shipping.

Foreign Policy Tops American Priorities!

A misleading survey result.

Global Inflation

A chart to ponder.

Donald Trump and Joe Biden portrait style Donald Trump and Joe Biden portrait style

Trump v. Biden

Economic Chart Edition.

President Joe Biden in the Oval Office of the White House, Monday, October 9, 2023. President Joe Biden in the Oval Office of the White House, Monday, October 9, 2023.

Biden Approval at Record Low

He’s at 61 percent disapproval in the lastest Monmouth poll.

Why Americans Are So Anxious About Inflation

Prices are way up, even though the CPI is back under control.

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Americans No Longer Believe in the American Dream

Most no longer believe it’s possible to get ahead through hard work.

This Economic Moment

Continued disjunctures between perceptions and the indicators.

President Joe Biden boards Marine One at the Wall Street Landing Zone in Manhattan, Wednesday, September 20, 2023 en route to JFK International Airport in Queens, New York. The Statue of Liberty can be seen in the background. President Joe Biden boards Marine One at the Wall Street Landing Zone in Manhattan, Wednesday, September 20, 2023 en route to JFK International Airport in Queens, New York. The Statue of Liberty can be seen in the background.

Old Man Biden and Young Would-Be Voters

The President has tepid support in the 18-29 demographic.

Speaking of the Economy…

…and the perceptions thereof.

The free high-resolution photo of receipt, shop, store, food, consumption, money, shopping, lifestyle, merchandise, label, grocery, brand, customer, supermarket, sale, buy, commerce, economy, consumerism, cashier, buying, payment, retail, shopper, spend, cost, purchasing, price, consumer, broke, budget, pay, purchase, sense, spending, shopaholic, till slip , taken with an Canon EOS 70D 02/14 2017 The picture taken with 100.0mm, f/5.0s, 1/10s, ISO 100 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required. The free high-resolution photo of receipt, shop, store, food, consumption, money, shopping, lifestyle, merchandise, label, grocery, brand, customer, supermarket, sale, buy, commerce, economy, consumerism, cashier, buying, payment, retail, shopper, spend, cost, purchasing, price, consumer, broke, budget, pay, purchase, sense, spending, shopaholic, till slip , taken with an Canon EOS 70D 02/14 2017 The picture taken with 100.0mm, f/5.0s, 1/10s, ISO 100 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required.

Food Prices Under Biden and Trump

We shouldn’t be surprised that Americans have noticed their grocery bill.

Joe Manchin Won’t Seek Re-Election

A likely lost seat for Democrats in 2024.

Democrats Win Key Off-Year Elections

Abortion, an unrepresentative electorate, and candidate idiosyncracy ruled the off-off-year election.

The Polls Are Skewed!

Survey research is not without flaws. But we dismiss it at our peril.

One Year Out

Looking ahead to November 5, 2024

4.9% GDP Growth in Third Quarter

Contrary to some public opinion, the economy is in decent shape.

Kari Lake Inevitable Republican Nominee

The Arizona gubernatorial loser is back to lose the Senate.

Could Kevin McCarthy’s Replacement be . . . Kevin McCarthy?

One of the worst movies in memory may be getting a sequel.

President Joe Biden meets with leaders of his federal emergency preparedness and response team, cabinet and staff members for a briefing on hurricane, wildfire and extreme weather preparedness, Wednesday, May 31, 2023, in the Roosevelt Room of the White House. President Joe Biden meets with leaders of his federal emergency preparedness and response team, cabinet and staff members for a briefing on hurricane, wildfire and extreme weather preparedness, Wednesday, May 31, 2023, in the Roosevelt Room of the White House.

Why Doesn’t Biden Get More Credit?

Some people say there’s a reporter to blame.

David Brooks’ $78 Airport Burger

A joke(?) gone a-rye.

Deutschland Unter Alles

Germany’s economy is among the worst in the OECD.

Should The Press Pick a Side?

The mainstream media isn’t and shouldn’t become a counterpart to the right-wing infotainment complex.

Far Right Politics Spreading Across the West

The trend shows no sign of abating.

The Clown Car Has No Brakes

The MAGA wing is driving us over a cliff.

President Joe Biden drives a Jeep Wrangler Rubicon during a clean cars event, Thursday, August 5, 2021, on the South Lawn Driveway of the White House. President Joe Biden drives a Jeep Wrangler Rubicon during a clean cars event, Thursday, August 5, 2021, on the South Lawn Driveway of the White House.

The Politics of An Auto Strike

The President’s support for labor and aggressive action on climate change are in tension.

Biden’s Reverse Midas Touch

His message isn’t getting through. Is it the messenger?

Et tu, Lexington?

The Economist joins the “Biden is too old” bandwagon.

China’s Flailing Economy

Xi’s government is taking a drastically different approach to the slowdown.

The Demise of the Cheap, Small Car

The average new vehicle is now $48,000. And huge.

When Does A University Stop Being a University?

West Virginia University may be the canary in the coal mine.

Flagship University Arms Race

The oldest state institutions of higher education are spending money to make money.

American Physicians Make a Lot of Money!

They average more than any other occupation and considerably more than their European counterparts.

Biden Energy Subsidies More Popular Than Projected

The projections were way off—in a good way.

Europe Becoming Poorer?

The Eurozone is falling further behind the United States.

Tales of Florida Governance

Fun in the sunshine state.

Pandemic-Induced Inflation Ends

Our long national nightmare is over.