Confidence fairy strikes again

March 19, 2013

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March 19, 2013, 8:25 am 1 Comment Cogan, Taylor, and the Confidence Fairy Ugh. And I say that advisedly. John Cogan and John Taylor have a piece in the WSJ (where else) arguing that the latest Ryan budget would actually be expansionary, because confidence! It’s as if all the experience of recent years, in which […]

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Krugman on Error-Loving “Economists”

March 19, 2013

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March 19, 2013, 8:07 am Comment The Dunning-Kruger-Madoff Effect Via Mark Thoma, Hale Stewart is bemused by John Hinderaker of PowerLine. As Stewart notes, Hinderaker begins by asserting that everyone knows that an economic crisis is coming — which apparently means everyone he talks to — then rolls out just about every one of the […]

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Posted in: Economics

The Weekly Ass Clown – Larry Ward – Organizer of Gun Appreciation Day

January 15, 2013

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ass clown /as kloun/ n: an abject failure who is simultaneously arrogant, condescending and obnoxious. Synonym: douchebag   January 19, 2013 is the first Gun Appreciation Day, per its organizer – Larry Ward. Mr. Ward has promoted the day, which falls on the same weekend as Dr. Martin Luther King, Jr.’s holiday observance, because he […]

Wyoming bill is pure idiocy

January 10, 2013

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In an effort to preempt Vice President Biden’s suggestions to curb gun violence, the Wyoming legislature has sponsored a bill that makes it a felony to enforce any future federal law that enacts gun safety measures… Clearly, this group of GOP representatives are not attorneys or else they would know that the legal theory of […]

A Response to Debt Ceiling Nonsense… #mintthecoin or IOU?

January 10, 2013

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Here is a good piece by Jonathan Chait from New York Magazine on how to combat the hostage taking the Republicans in Congress seek over the debt ceiling silliness. Raising the debt ceiling should be a non-issue as it was in virtually every one of the 106 times it has been raised since 1940, including […]

Posted in: Economics, Politics

December job numbers and thoughts on a progressive payroll tax system

January 4, 2013

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A few interesting things I want to highlight (including a social security observation): 155k new jobs vs. 150k consensus November’s unemployment rate was revised up to 7.8%, which is the same as December’s rate – 7.8% 58.6% of population is employed and labor participation rate is 63.6%. These numbers are relatively low, and I would […]

Posted in: Economics, Politics

The 2012 Ass Clown – Lord Mittens

January 3, 2013

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ass clown /as kloun/ n: an abject failure who is simultaneously arrogant, condescending and obnoxious. Synonym: douchebag The 2012 Ass Clown of the Year is the one and only Lord Mittens, Mitt Romney. From the 47% video, which was precisely the percentage of the American electorate he got to vote for him, to blaming President […]

Primer on gun rights in America

December 23, 2012

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This is a good primer on current gun rights courtesy of Scary Lawyer Guy blog.  I will be putting together a more nuanced analysis of Justice Scalia’s opinion and Justice Stevens’ dissent in Heller, as well as an analysis of Justice Breyer’s dissent in McDonald in the coming weeks. My initial analysis indicates that Justice […]

Another dumb gun-rights argument debunked….

December 23, 2012

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For the gun-rights ass clown’s argument – why aren’t we talking about eliminating cars? They kill as many people each year as guns. From Nicholas Kristof of NY Times… we can look for inspiration at our own history on auto safety. As with guns, some auto deaths are caused by people who break laws or […]

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Immediate gun control legislation’s “must haves”

December 22, 2012

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Gun control legislation must begin with a ban of semi-automatic assault rifles and high-capacity clips, like the Bushmaster AR-15 and the 30 round magazines used kill 20 six- and seven-year olds, and six administrators at Sandy Hook Elementary School in Newtown, Conn., last week. However, the legislation must go far beyond that. Here is a […]

A Primer on Boehner’s “Plan B” and GOP spending cuts

December 20, 2012

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John Boehner’s desperate attempt to hold onto his House Speaker position by pandering to his Tea Party and Grover Norquist-loving members of the GOP House caucus, has led him to terminate discussions with the President and propose his alternative plan, dubbed “Plan B”.  Speaker Boehner intends on offering up a vote on the Plan in […]

Debunking gun-rights enthusiasts’ claims

December 20, 2012

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This is a great NY Times op ed by Nicholas Kristof that debunks gun enthusiasts claims against gun control. Some of the more interesting points are: Every two months we lose more Americans to gun violence than we did in 9/11 attacks Every year we lose 2,800 children and teenagers to guns Every year more […]

Posted in: Second Amendment

John Lott – leading proponent of expanding guns

December 19, 2012

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John Lott has been on a media binge since the Newtown massacre espousing his views that mass shootings occur in gun-free zones and therefore we should expand gun ownership. Lott isn’t stupid (Ph.D from UCLA), but his research methodology is highly flawed and has reached conclusions unsupported by the data. His misguided views are not […]

Posted in: Second Amendment

The Weekly Ass Clown – Gun-Rights Crazy Person Edition

December 18, 2012

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ass clown /as kloun/ n: an abject failure who is simultaneously arrogant, condescending and obnoxious. Synonym: douchebag This very special edition of the Weekly Ass Clown highlights some of the RWNJ gun-rights activists that said absolutely idiotic things in the wake of the Sandy Hook elementary school massacre. These Ass Clowns should be forever banned […]

It is time to prioritize our “Rights”

December 17, 2012

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In the aftermath of the most recent mass shooting, this one located at the Sandy Hook elementary school in Newtown, Connecticut and one that killed 20 six and seven year-olds, and six adults (teachers and administrators), the nation is confronted with a problem that the Founding Fathers did not contemplate, and one that imperils every […]

The Weekly Ass Clown – 38 GOP Senators who voted against ratifying disability treaty

December 9, 2012

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ass clown /as kloun/ n: an abject failure who is simultaneously arrogant, condescending and obnoxious. Synonym: douchebag Earlier this week, the Convention of Rights of Persons with Disabilities, a UN treaty that would ban discrimination against people with disabilities and was modeled after the 1990 Americans with Disabilities Act that George H.W. Bush signed into […]

Posted in: Ass Clown, Politics

Being born rounding third base is bad for society’s future

December 8, 2012

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Paul Krugman has a great post today about the effect wealth has and will have on the manufacturing sector, and more broadly, society. This article raises some fascinating questions about the persistence of a college premium, inheriting wealth and wealth inequality. Catherine Ramp-ell and Nick Wingfield write about the growing evidence for “reshoring” of manufacturing […]

Posted in: Economics, Politics

Jobs numbers – positives outweigh negatives

December 7, 2012

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Overall, a relatively good jobs report despite the drag on the economy that Sandy provided. The improving trend continues giving the President additional leverage in the fiscal slope discussion… (courtesy of Calculated Risk) There were positives and negatives in the November employment report, and I’d like to start with two clear positives. First, seasonal retail […]

Posted in: Economics

McConnell is at it again…

December 6, 2012

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Senate Minority Leader Mitch McConnell (R-KY) tried to embarrass the President today, but it backfired… making him look rather foolish. On Capitol Hill, Senator Mitch McConnell of Kentucky, the Republican leader, moved Thursday to vote on Mr. Obama’s proposal, in his broader deficit package, to permanently diminish Congress’s control over the federal government’s statutory borrowing […]

Posted in: Politics

First Round of Fiscal Cliff Negotiations

December 3, 2012

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This afternoon Speaker John Boehner (R-Ohio) sent The White House the GOP’s “solution” to the fiscal cliff. Like their presidential candidate’s entire campaign, the GOP letter tried to put the onus of austerity on the middle class and was devoid of specifics. A few things we do know ($2.2 T savings over 10 years): $800 […]

Posted in: Fiscal Cliff, Politics
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