The campaign has established important things. Joe Biden, who continues periodically to insist he is running for the Senate, is a nice man, empathy oozing from every pore. Trump is not a nice man, not an empathetic bone in his body. Trump supporters are hoping that Leo Durocher, then manager of the Brooklyn Dodgers, was […]
The vice presidency “is not worth a bucket of warm piss,” announced John Nance Garner, the 32nd vice president of the United States from 1933 to 1941, when Franklin D. Roosevelt occupied the White House. Cactus Jack, as Garner was known to his Texas friends, was commenting on the fact that the vice president’s Constitutional […]
Early reports that President Trump was suffering only from “light” symptoms of Covid-19 proved overly optimistic. Late Friday a helicopter whisked him from the White House south lawn to Walter Reed Hospital, said to be the most state-of-the-art medical facility in the world. A masked Trump insisted on being filmed walking to the chopper, and […]
Voting is under way. Trump is blaming the Chinese for unleashing Covid-19 on America. Biden is blaming Trump for an inadequate response. Trump says his policies held the death toll to a bit more than 200,000 instead of a possible 2.5 million. Biden says the 200,000 deaths could have been avoided by quicker action and […]
The economy is doing better than most people had hoped. The failure of the warring politicians to extend benefits has not completely derailed it. A vaccine seems to be on the horizon, ready for use before year end. All that good news is adding to mounting pessimism about the future of the American economy and […]
Vincent Wall is joined by US Economist, Business Advisor and Columnist with The Sunday Times (London) Irwin Stelzer NewsTalk Radio, Dublin. www.irwinstelzer.com 9/3/20 Click to open Link For a brief discussion of the American political and economic situation.
“Ask not for whom the bell tolls. It tolls for thee.” That’s the message coming to Trump from pollsters (the Real Clear Politics average) and the more literary members of the team ensconced with Joe Biden in his basement redoubt. Biden leads in the national polls (+7.1) and in key states that swung to Trump […]
Is a puzzlement, moaned Yul Brenner’s King of Siam when trying to understand his small country’s geopolitical position. That also describes the performance of share prices compared with what is going on in what we like to call “the real economy.” Herewith a try at an explanation. Start with share prices. Last week the S&P […]
We are in the midst of a daggers-drawn battle over how the slices of that great pie that is the US economy should be distributed. That battle, of which the current dispute over the nature of a new relief package is merely a skirmish, is not receiving the attention it deserves. It may well determine […]
The underlying strength of the American economy is starting to assert itself in its battle with Covid-19. Employment rose by 1.8 million in July, and the unemployment rate dropped from 11.1% to 10.2%, reflecting “the continued resumption of economic activity” according the Labor Department. Equally cheering, the Institute for Supply Management reports that its index […]