Trump and some hard truths about the piss poor jobs report

Though the President himself warned there would be short term disruption, it doesn’t matter who or what is to blame.  It could be tariffs, it could be Trump, it could be that the job fairy is taking a vacation, or a mass delusion that the economy is worse than it is, numbers like this can’t… Continue reading Trump and some hard truths about the piss poor jobs report

Reminder: President Obama cut spending over 4% in 2012 and 2013, but the world didn’t end, despite claims we were heading over the cliff without brakes

While you wouldn’t know it from the collective outrage visited upon us daily, between 2011 and 2013, total federal spending fell from $3.6 trillion to $3.45 trillion, but then as now, many predicted disasters that simply didn’t happen.  As is so often the case in our increasingly absurdist times, the conventional wisdom holds that all… Continue reading Reminder: President Obama cut spending over 4% in 2012 and 2013, but the world didn’t end, despite claims we were heading over the cliff without brakes

The “vibecession,” the truth about the economy, and the resilience of the American dream

Like Bidenomics before it, the vibecession rests on two false assumptions, first that the economy is either the best ever or the worst ever, and second that declining inflation means declining prices. Besides, if the economy is so good, why is everyone saying the American dream is dead? Following the failure of “Bidenomics” to change people’s… Continue reading The “vibecession,” the truth about the economy, and the resilience of the American dream