conservatives

Conservative Rule Costs U.S. $27 trillion

Is there a way to actually place a dollar amount on how much conservative rule has cost America? Stirling Newberry has offered a “back of the envelope” estimate of the costs of four consequences of conservative rule the past 28 years:

over-financialization of the American economy, the waste of privatized health care, over militarization of the American economy, and the externalization of global warming.

The total cost of conservative rule, in today’s dollars, is a staggering $27 trillion, nearly twice the total output of the entire U.S. economy for an entire year.

Tuesday proving Larry Kudlow and other Ayn Rand droogies wrong

For anyone whose read my pieces in the past, knows that I hold a certain disdain towards former Reagan White House OMB Associate Director/conservative-libertarian Ayn Rand acolyte Larry Kudlow. It's nothing personal against the guy, it's his ideas and economic policy objectives that I find fault with. For the past couple of months, he's been going on about this is the "Goldilocks economy." Essentially, that we're worrying about nothing because one bad economic indicator is being offset by a good one (mind you, he's often just used productivity as that one). Well today, despite his claims that all is almost well, we got some news that just proves Larry Kudlow wrong!

Ok, I will give him some credit. He isn't a Pollyanna and he has come out and said this or that has been bad or needs to get better. Still, his overall anthem is that things are really great and that we (he's quoted Phil Graham) should stop "whining."

Inflation is still there and going higher.