Angry Bear

50-year mortgages won’t solve the housing problem

Trump is pushing 50-year mortgages as an answer to home affordability. Given his track record, it’s a safe bet that anything Trump is selling is a bad investment. “The appeal of a 50-year mortgage is simple: Home prices are near all-time highs, leaving many aspiring buyers priced out of the market. A longer payback period […]

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Tabulated state level jobless claims continue neutral trend

– by New Deal democrat As I have done since the beginning of the government shutdown, the unadjusted number of initial and continuing claims can be calculated based on reporting by the States, plus DC, and Puerto Rico. Then, by applying the same adjustment as was used for the same week last year, the seasonally adjusted […]

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Thoughts on the election and the state of politics

The election results might pressure Republicans in congress to distance themselves from Trump, and they might pressure Trump himself to change course.  I would not expect either factor to lead to an immediate course correction in the short run, but minor course corrections seem possible. The main reason not to expect immediate change by Republicans […]

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No Victory Laps to Be Taken Here . . .

As taken from Joyce Vance’s Civil Discourse “No one should be surprised that the man who orchestrated the January 6 insurrection sees a permanent takeover of the country in the Republican party’s future. There is word tonight of a possible path to ending the shutdown. A deal in the Senate that would apparently fund the […]

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South Carolina Representative Supporting Trump Gets an Answer from a Constituent

The feedback by Chuck is on the mark as usual . . . Former Michigan Planning Commission member Chuck Fellows answering South Carolina Congressional Representative Sheri Biggs. My Representative in Congress, Sheri Biggs, responded to my objection to the Trump administration’s. My response to her is: “Your response is documented evidence of your malfeasance in […]

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Democrats cave again?

Looks like the Democrats traded the shutdown for a vague promise, rather than insisting on reversing the GOP Medicaid subsidy cuts. “The bill will keep the government open until Jan. 30 of next year, fund some federal programs like the Agriculture Department for the entire year, and put limits on Trump’s ability to fire federal […]

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October employment situation: stagnant hiring, increased firing, continued wage growth

 – by New Deal democrat On a normal first Friday of the month, I would be crunching the official jobs report data to try to provide not just a coincident report on the jobs market, but also to focus on the leading indicators within that report, such as the manufacturing and construction sectors and also […]

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Telling the Senate to Work Across the Aisle on Health Care Affordability

Commentary by TaxFairness Open enrollment on the Affordable Care Act Marketplace is underway. Millions of Americans are logging on to renew their health coverage and finding that the cost of their premiums has exploded since Congress has not extended the enhanced ACA premium tax credits that helped tens of millions of people afford their health […]

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ACA Enrollees Can Expect Big Increases in Premium Payments  

A bit of a rewrite at Angry Bear. Lets be open here. I have listened to Senator Kennedy’s moronic opinions enough times to know much of what he says is a political attack rather than factual. Senator Kennedy makes it an issue of taking money from the budget to pass healthcare subsidies and funding higher […]

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