Relevant and even prescient commentary on news, politics and the economy.

Real personal spending on durable goods rebounds from near recessionary levels, including motor vehicle purchases

 – by New Deal democrat Yesterday we saw a slew of data releases, including durable and core capital goods orders, jobless claims, personal income and spending, and motor vehicle sales. I reported on all but personal spending and motor vehicle sales yesterday. Today let’s take a look at the last two. Let me start with the […]

HHS report admits Trump/GOP policy had already thrown 2.6M off the ACA cliff

“Breaking: HHS report admits Trump/GOP policy had already thrown 2.6M off the ACA cliff as of FEBRUARY, 2026, ACA Signups, Charles Gaba. Some Explanation . . . Some Guy, January 2026: So, what does this mean for monthly effectuated enrollment this year? Well, it’s pretty safe to say that it’s not going to look anything like […]

Quote of the day

The question I get most often when speaking about Watergate is a version of “what would happen if Watergate happened today with Fox News?” And my answer is always very simple: Nixon would have survived. Not because he didn’t deserve to be forced from office, or because there was a Deep State campaign against him, […]

Jobless claims: seasonality returns, but remains very positive for the economy

 – by New Deal democrat This morning a plethora of economic data was released, including personal spending and income, manuacturers’ new orders, motor vehicle sales, and jobless claims. Since tomorrow sees no significant data releases, I’m going to hold the in-depth look at spending and motor vehicle sales until tomorrow, and update the other releases today. […]

Roundup Wins in SCOTUS

Its good to be Monsanto! If you do not recall, I had written about the Monsanto issues years ago. Can’t find that post. In a nutshell, the “active ingredient is glyphosate. Mainly, it’s linked to carcinogenicity and the ability to cause cancer and specifically non-Hodgkin’s lymphoma. Unless, you go out in the field gress in […]

Real personal income in May was recessionary (again); depleting savings (temporarily?) “saves” the day

– by New Deal democrat The third item from this morning’s torrent of economic data I want to address is personal income and saving. I’ll update the spending side tomorrow, including an updated look at motor vehicle sales, which were also released this morning. On a nominal basis, personal income rose 0.7% in May, as […]

Increasing Black men’s educational attainment and other hard skills are likely to be helpful . . .

but they will not solve the problem. The cause of the low employment rate is not due to a lack of hard skills. A good piece examining the difference in employment between Black men, Hispanic men, etc, and white men. Even with an equivalent education as others, Black men employment is less than other groups. […]