Economy up, stocks volatile – who gets credit, blame?

The American economy remains in one of its longest recoveries in history. Does President Trump deserve the credit? The memory of the 2007 financial meltdown fades. Unemployment is down. Incomes are beginning to increase. Consumer spending, the driver of the economy, is picking up. The recovery, begun years ago, remained strong during Trump’s first year […]

Politicians use jargon to disguise the truth

“If you can’t convince them, confuse them.” President Truman supposedly said that. It still seems to apply to the way the federal government communicates with us voters. To clarify a bit, here are some things politicians say and what they mean. Congress adopts a “continuing resolution” when it cannot agree on a budget. A continuing […]

Congress fails, allows presidential rule

Suppose you ran a business and, when checking your employees’ job performance, found they only got an average 20 percent score. You might decide that, with more employee effort or some new workers, your business would run more successfully. You would probably consider firing at least some of them. Well, you are the boss, and […]

Tax cut bill shrouded in myths, pure politics

The tax bill to be finally adopted by Congress before the end of the year has produced of a series of myths, mainly the result of its rushed legislative process. These myths result from ignorance of its content and its economic and political effects. They are separate from the purely partisan debate about who gets […]