I’ve noticed that as the primaries heat up, all the Republicans are channeling the sainted Ronald Reagan. In the last debate before the South Carolina vote, Mitt Romney used the famous “shining city on a hill” line, and Indiana Governor Mitch Daniels repeated it in his rebuttal to Obama’s State of the Union address. Somehow, [...]

Interesting story yesterday about how wide the economic gulf has become between members of Congress and their constituents.  According to the New York Times, the median net worth of the folks in Congress grew 15 percent from 2004 to 2010, while the public saw its net worth drop 8 percent. Senators and representatives have always [...]

I couldn’t resist this one. After seeing ads for expensive new cars with big gift bows on top, diamond necklaces and fancy winter vacations, I started wondering what the average American will be getting from Santa this year. With so many unemployed, so many forced out of their homes, so many desperate, and so much [...]

Remember supply-side economics and trickle-down theory? Supply side economics theorized that removing barriers to production with income tax and capital gains tax cuts, along with deregulation, would stimulate production and produce enough consumer spending on cheaper products to more than offset the revenue losses from the tax cuts. Trickle-down theory postulated that tax cuts for [...]