Some of my favorite articles to write deal with the economy. Today I’d like to take a very brief look at three issues that could be filed under fiscal policy. We seem to debate the heck out of them in America yet the solutions are simple.
In sports to a large degree a coach is only as good as their players. Politics is similar. Joe Biden is the new “coach” and he has assembled some great talent around him. His Treasury Secretary is Janet Yellen. While the former guy had a Wall Street C-lister with a trophy wife at Treasury; Biden has one of the world’s best economists. Saturday the difference showed and it was the beginning of a win for America. Continue reading Yellin’ For Yellen
President Biden’s infrastructure proposal is very popular with the American people. Surveys show that when it is coupled with the plan to finance it by increasing taxes on the wealthy it is even more popular. How often do you find support for tax increases? Donald Trump won in 2016 in part by riding a populism wave. Trump turned out to be anything but a populist but he fooled enough people for at least a few months. Here is the important point: couple those two facts together and I have most of the answer to the question: How are we going to pay for new programs?
My best friend in the neighborhood is my neighbor across the street. I’m a liberal Democrat; he is a conservative – certainly not crazy! – Republican. Long ago we discovered we agree on the overwhelming majority of issues; in fact, we think amazingly alike. Both of our fathers served in the Navy and I’d like to base today’s article on a saying each passed down to us. (Considering they were sailors I won’t be using direct quotes; some adjectives are best left out of this column.) One saying is: common sense isn’t all that common. The other is: I am the government. While seemingly divergent I assure you that I will weave them together and extrapolate a conclusion which you may or may not agree with,
This is another instance where I’ll blame all the bad on the former guy. He just isn’t as smart as George W. Bush was – and that’s not exactly in the rare air of wisdom – and refuses to fade away. I used to go to my “various segments” format weekly; lately it seems like I need to do it twice a week.