The Associated Press reports, White House confident Biden’s bill will pass House this week: President Joe Biden’s top economic adviser expressed confidence Sunday that the White House’s $1.85 trillion domestic policy package will quickly pass the House this week and said approval couldn’t come at a more urgent time as prices of consumer goods spike. … Read more
Neil Irwin recently wrote at the New York Times, Americans Are Flush With Cash and Jobs. They Also Think the Economy Is Awful. Americans are, by many measures, in a better financial position than they have been in many years. They also believe the economy is in terrible shape. This is the great contradiction that … Read more
NBC News aired this report over the weekend on the high price of beef. Don’t blame cattle ranchers. They are taking a beating from climate change and a prolonged mega drought in the West. They are also getting screwed over, as are consumers, by the “big 4” meatpackers who have monopoly power control over 80% … Read more
When the Coronavirus Pandemic hit in January 2020, much of the world’s economy literally shut down as country after country went into lock downs in an effort to slow the spread of the disease. People were no longer working producing goods. Manufacturing corporations try to match their production to demand, trying to keep a minimum … Read more
Republicans are falling all over themselves to blame President Joe Biden for high gas prices. As has been true for decades, dating back to the OPEC oil embargo in 1973-74, presidents have little or nothing to do with oil production and the price of gas at the pump. This is solely the responsibility of oil … Read more