This morning, while checking some of the news and pundit websites I follow, I found a link to a chart at Mother Jones on student loan debt. To describe the charts in words, over the last decade, student loan debt in the United States has quintupled. Americans now owe more in student loans than they … Continue reading On Student Loan Relief and the Potential for the American Economy
Mitch Daniels, the former Bush administration Office of Management and Budget director and current governor of Indiana, has decided not to seek the Republican nomination for President in 2012. Many Republicans saw him as a viable candidate in a weak field, yet Daniels has decided to join former Arkansas governor Mike Huckabee, who would himself … Continue reading On Cynicism, Mitch Daniels, and the Thin Republican Field
Yesterday, President Obama and the Congressional Republican leadership agreed on a two year extension of the Bush-era tax cuts. It’s not entirely a done deal — Bernie Sanders, Senator from Vermont, has threatened a filibuster, and the deal still has to be sold to wary Democratic legislators, some of whom were willing to take Paul … Continue reading On Obama’s Tax Cut Capitulation
After two days of political prognostication and analysis, I turn my attention to matters economic. The economy is in pretty dire shape — and has been since mid-2008. In President Obama’s first months in office, an economic stimulus bill was passed to inject some energy back into the economy. At the time, economists believed that … Continue reading On Economic Choices and Political Outcomes
I’ve said very little about the ongoing primary battle between Senators Barack Obama and Hillary Clinton in the past few weeks. The reason’s fairly simple — I don’t have a horse in this race. Maryland voted weeks ago, and I didn’t vote for either candidate. But whichever candidate receives the Democratic Party’s nomination in November … Continue reading On Presidential Primary Thoughts
Those of us of taste and distinction, who enjoy our beer imported and dark, these coming days will be dark indeed — Booze industry experts have issued a chilling warning that the British pint could hit £4 a pop – a price hike provoked by crap weather which has forced up the price of hops.” … Continue reading On Beer Price Pressures
Today the dollar’s slippage against the Euro became crystal clear to me. Why? Because I noticed that the price on Guinness has gone up. First, imported beer. What next? Is this the start of an inflationary trend?