Author: Bonddad

There is a group of people who are very important to the national economy that speak often but never receive adequate press coverage.  There people are the various heads of regional Federal Reserve Banks.  Over that last month, their message has been consistent: they are concerned about inflationary pressures in the economy.

Larry Kudlow is the most dangerous conservative economic pundit. He is one of he prime architects of the “phrase tax cuts pay for themselves.”  Obviously, he has never bothered to examine these tables from the Congressional Budget Office – especially table 3 which clearly prove tax cuts decrease revenue.   Never let the facts get in the way of a fiscal agenda that has racked up nearly 5 trillion in debt in 17 of the last 25 years.  (By the way Larry – it took 200 years to get to the first trillion.  Way to over-achieve).  Now he is arguing that the increased debt load from hurricane Katrina relief is “no big deal”.  

There are all sorts of great issues on the political scene now.  There is the “Culture of Corruption” thanks to Delay, Frist and a whole host of other Republicans.  The Iraq War also comes to mind.  Both of these issues are strong issues for the Democrats.  However, there are other issues that are just as important that lack the visceral nature of corruption and war.  These issues center around economic issues, or as I like to think of them “kitchen table issues.”  If a family can’t afford health insurance or tuition, if they aren’t making more money than they were 4 years ago, then the other issues don’t matter.  People have to survive before they can think about grander themes.  Right now, Bush’s policies have hurt the middle class in numerous ways that II will document below.  These have to be part of our themes in the 2006 election.

These evacuations are equivalent to 72.40% of 819 manned platforms and 47.76% of 134 rigs...

Housing is the current engine of the US economy.  It is responsible for over 40% of recent...