[ Posted Monday, March 23rd, 2020 – 15:48 UTC ]
I am not a macroeconomist. In fact, I am not an economist of any type whatsoever. I begin with these admissions because what I'm about to write is probably wrong in some major way, and/or impossible to accomplish, and/or would have some sort of counterproductive effect that I just haven't thought about. In other words, any real economist could probably shoot this idea full of holes without even breaking a sweat. But I feel I have to at least toss it out there for the purposes of discussion.
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[ Posted Friday, March 20th, 2020 – 17:17 UTC ]
We're kidding, of course. Neither of these stories -- which, in normal times would have been covered extensively by the media -- even caused a blip on the radar this week. Because the nation is gripped in the midst of a viral pandemic and we've got the Keystone Kops running the response. Which, admittedly, is a much bigger story to focus on.
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[ Posted Thursday, March 19th, 2020 – 16:26 UTC ]
It's time for Bernie to make an exit from the Democratic presidential nomination race. I don't say this lightly, as I'm actually a Bernie supporter myself. I voted for him this year and back in 2016 as well. I feel free to now say this because I never admit to my own preferences while I think the race is still up in the air -- my own way of attempting to limit my bias in my writing. But I do feel free to say it now, because the race is now essentially over.
Joe Biden is going to be the Democratic nominee this time around. At this point, barring any completely unexpected and drastic changes in circumstance, it is realistically impossible for Bernie Sanders to catch him in the delegate race. This was not true until the final weeks of the 2016 campaign, but it is true now. Which is why Bernie needs to concede this reality.
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[ Posted Wednesday, March 11th, 2020 – 17:09 UTC ]
The stock market is now officially in bear market territory. Thus endeth the longest bull market in history, which lasted for the 11 years from just after the Great Recession's end until now. For those unfamiliar with the terms, the "bear market" designation is defined as: "losing 20 percent from the market's peak." Less than a month ago, the Dow Jones Industrial Average topped 29,500. Today it closed right around 23,500 -- a loss of roughly 6,000 points. And we may not have hit bottom, although with the current volatility it's tough to tell.
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[ Posted Monday, March 9th, 2020 – 16:49 UTC ]
Roman Emperor Nero didn't actually fiddle while Rome burned. It's a myth. Violins (or "fiddles") wouldn't exist for another 1,500 years or so, making the very concept impossible. That's not to say Nero might not have blatantly ignored a flaming crisis, of course, it's just quibbling about the literal meaning of the maxim. Now, American Emperor-With-No-Clothes Donald Trump didn't fiddle while the country was hit by a pandemic, either. Instead, he played golf. Twice. That's right -- in the midst of a huge crisis, Trump spent the entire weekend playing golf.
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[ Posted Friday, February 28th, 2020 – 17:55 UTC ]
File this one under: "If I doesn't laugh, I thinks I'm gonna cry!"
President Donald Trump, that noted stable genius, apparently has the answer to the coronavirus. Here's how an article in today's Washington Post began:
Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, as the stock market fell sharply again on Friday amid international fears about the outbreak, according to five people with knowledge of the planning.
Among the options being considered are pursuing a targeted tax cut package, these people said.
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[ Posted Tuesday, February 25th, 2020 – 22:08 UTC ]
Welcome back again to another of our post-debate snap-reactions columns. Tonight was the tenth in the continuing series of Democratic presidential debates, moderated this time by CBS. When they woke up and remembered to, I should say, because at several extended times during the night I thought the moderators had completely left the room for a coffee break. It certainly seemed that way, since the candidates just engaged in a free-for-all shouting match where it was impossible to hear what any one of them had to say. This wasn't an isolated incident, it happened over and over again. And the moderators either were too timid to even try to, you know, moderate the discussion, or they were just flat-out incapable of doing so. Or, as I said, perhaps they had all ducked out for a few moments in the hallway.
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[ Posted Friday, February 21st, 2020 – 17:45 UTC ]
We are hereby totally throwing in the towel on our usual "weekly news wrap-up" segment here, because the Democratic primary race is ever so much nicer to focus on. In place of it, we offer up what we wrote back in Friday Talking Points Volume 523, from last April -- a "Generic Weekly News Roundup" with Mad-Lib-style fill-in-the-blanks. Two paragraphs even caught our eye as being not all that far removed from the current week, to wit:
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[ Posted Thursday, February 20th, 2020 – 00:43 UTC ]
There's an old switcheroo-at-the-end joke that goes: "I went to see the fights, but a hockey game broke out instead." After tonight, this can now be updated to: "I went to see the fights, but a Democratic presidential debate broke out instead." In fact, the best word I can think of to describe what we all just saw is "brutal." Maybe for the next debate, we should have a metal detector installed so that nobody can bring any brass knuckles to the podium? Just a thought.
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[ Posted Monday, February 17th, 2020 – 17:55 UTC ]
Happy Presidents' Day, everyone!
The two formerly-individual holidays celebrating Washington's Birthday and Lincoln's Birthday have been merged into a single federal holiday -- a holiday which, while intended to honor both Washington and Lincoln, has now become somewhat "genericized" (in name, at least) into a celebration of all our presidents. But what about the forgotten presidents? [Or, to be scrupulously accurate, "presidents"?]
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