Rich look poorer, poor much richer – report distorted to make average Joe happy – despite Depression

It's so very wonderful to learn this week that "median household income" in 2014 was $53,657, even if it was down from $57,843 in 1999. You can still buy a nice basket of goodies on $50 grand a year. If only it were true. Most jobs pay about $31k. Many families have just one parent … Continue reading Rich look poorer, poor much richer – report distorted to make average Joe happy – despite Depression

You’re never lonely when your liberal heroes send you endearing, friendly emails about grass and roots

Sherrod Brown [info@sherrodbrown.com] today warned me: "Ohioans didn't send me to the Senate to compromise away their future. And you didn't get involved in this grassroots movement to sit on the sidelines and watch this radical agenda get across the finish line." I agree, even if I'm not from Ohio (but the wife is, so … Continue reading You’re never lonely when your liberal heroes send you endearing, friendly emails about grass and roots

Even a small third party would exert tremendous influence on economic policies with swing vote

Jared Bernstein recently asked how we can move forward with economic change in this country. Mine was one of many fine answers: The political solution to your question is even more politics. Two parties that espouse different social value views, but the same basic economic principles, now also decide in favor of the class that … Continue reading Even a small third party would exert tremendous influence on economic policies with swing vote

$6,000 healthcare deductible lowers birth rate in the U.S. and keeps many from marrying

Some pundits have recently commented on other blogs that the birth rate seems to be declining among middle class citizens. In my opinion much of this terrible trend is caused by economics - newly minted healthcare insurance plans that no longer just require co-pays, but have a huge first contribution.When a family has to pay … Continue reading $6,000 healthcare deductible lowers birth rate in the U.S. and keeps many from marrying