Angry Bear

Quote of the day

Apparently, the Supreme Court has decided that what the Constitution *really meant* all along was “disclosure for thee, but not for the VIPs with checkbooks the size of small nations.” Because despite decades of rulings affirming that states can, in fact, require donor transparency to keep democracy from smelling like week old fish, the Court […]

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Costs of a Needless War Has an Economic Impact on Citizens

“Trump’s war in Iran has wiped out 1.5 years of wage growth,” Economic Policy Institute The Trump administration’s decision to start a war with Iran has imposed disastrous costs (both economic and humanitarian) around the world. The U.S. has been insulated from these costs more so than most other countries. Yet, even here the costs […]

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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 […]

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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 […]

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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, […]

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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. […]

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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 […]

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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 […]

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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. […]

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Quote of the day

If you haven’t read hundreds of books, you are functionally illiterate, and you will be incompetent, because your personal experiences alone aren’t broad enough to sustain you. ~General James N. Mattis

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Manufacturing sector continues to be positive through May

 – by New Deal democrat Per my post earlier this morning, I am going to delay until tomorrow reporting on motor vehicle sales and an in-depth look at personal spending, but let’s look at the second significant data release from this morning: manufacturers’ new durable goods orders for May. To cut to the chase, this […]

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