New Survey: Obamacare Demographics Look Healthy

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Thursday January 09, 2014 · 10:10 AM PST

2014/01/09 · 10:10

According to a CNBC article, a new survey by the Commonwealth Fund indicates that the enrollment breakdown by age and health of the ACA is looking good. The article points out

If those trends in health status and age hold up among the people who actually enrolled—and who will ultimately enroll—it increases the likelihood that insurers will not have to raise premium prices excessively next year to compensate for a bad risk pool that comes from having too many sick and old people signed up.

niaman

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Wednesday March 27, 2013 · 12:12 PM PDT

2013/03/27 · 12:12

Here is an article to keep handy for next time you're confronted with the argument that higher taxes on the wealthy will hurt the recovery by discouraging spending by the wealthy. And it comes from, of all places, CNBC. The title of the article is remarkabkly clear, Wealthy Say Higher Taxes Haven’t Hurt Spending, Investing So apparently the economics that I was taught actually works.

niaman

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Wednesday November 07, 2012 · 8:51 PM PST

2012/11/07 · 20:51

I remember hearing that Muhammad Ali was Barack Obama’s favorite athlete, so maybe this is an appropriate story to tell the day after Obama’s victory. As I was listening to the network coverage of the election results last night and this evening, I was reminded of something I read after Muhammad Ali defeated George Foreman for the Heavyweight Championship nearly forty years ago. I was struck by the similarity of the treatment in the press of Ali’s victory and Obama’s victory by certain journalists.

niaman

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Monday October 15, 2012 · 3:42 PM PDT

2012/10/15 · 15:42

Romney’s tax plan is predicated on the assumption that a high percentage of job creators pay taxes at the highest personal rate, because they are the only ones who get tax relief according to the latest incarnation of the plan. Yet the theory behind his tax plan is that high rates are a disincentive to job creation. If paying high rates is such a disincentive, then why are so many job creators paying at the highest rates?

niaman

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Wednesday October 10, 2012 · 1:29 PM PDT

2012/10/10 · 13:29

There is nothing here we don't know. But it is a story on Forbes and it's a message that needs to be hammered home every chance we get. The story is in response to a FedEx announcement that they plan to boost profitability by cutting back on worker's hours and achieving greater energy efficiency in their transport fleet. It is a simple message, corporations are not interested in creating jobs, there interested in making money. They only create jobs when they have to. And tax cuts for the wealthy are the absolute least effective way to stimulate job growth.

niaman

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Friday October 05, 2012 · 4:11 PM PDT

2012/10/05 · 16:11

Let's look at what the Right Wing freak out about the jobs report really means. As you know when the jobs report came out showing unemployment dropping below 8%, it gave birth new a whole new class of truthers. The most prominent was ex GE CEO Jack Welsh. According to them, the books were cooked. The other way to look at this is that they think these numbers are great, they just don't believe them. So I think it's fair to make the argument that if these numbers are true, and there is no doubt that they are, these right wingers are really saying the numbers confirm Obama is doing a good job.

niaman

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Thursday October 04, 2012 · 11:41 PM PDT

2012/10/04 · 23:41

The public will believe a simple lie rather than a complex truth - Alexis de Toqueville

While the above observation may itself be a bit of an oversimplification, it should never be ignored, especially in a debate. So how do you defend against simple lies? You must come prepared with some simple truths before you try to explain the complex ones. And simple truths are not so easy to find. Mitt Romney is very familiar with the simple lie. President Obama is much better acquainted with the truth, but the truth is often complex. So we must recognize, Obama starts at a disadvantage, and therefore he must be better than Romney. So what do you do?

niaman

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Wednesday October 03, 2012 · 9:16 PM PDT

2012/10/03 · 21:16

For me, there was one key moment in the debate. It is when, in describing how he was going to cap deductions in his new tax plan, Mitt Romney said make up a number at which to cap those deductions. He said just make up a number. Then he threw out 25,000, thought better of it, realizing that might catch a lot of people, and said 50,000. Well if you have an objective of not adding to the deficit, and you want to lower tax rates and raise military spending, than you do not have a choice as to the deduction cutoff number. Your objectives determine the number. If you do not know what that number is, you do not have a plan, you have a talking point. And I guarantee you, the number is far less than 25,000, if it even exists. This is where the President should have hammered Romney on his vagueness.

niaman

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Friday August 31, 2012 · 3:52 AM PDT

2012/08/31 · 03:52

Judging by the just completed Republican National Convention and the way Mitt Romney has conducted his campaign, I do not think Saturday Night Live is going to be short of political material this year. I think Clint Eastwood’s empty chair was a brilliant bit and deserves to be honored for its originality. Maybe Mr. Eastwood will consent to a guest hosting role where he could reprise his performance. We also have the awkward and gaffe prone Mr. Romney and the factually challenged Paul Ryan. The ground is fertile.

niaman

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Tuesday April 10, 2012 · 9:09 AM PDT

2012/04/10 · 09:09

Remember when Chris Christie killed the then largest public works project in the country because of unforseen costs. It turns out independent congressional investigators have determined the Governor may have exaggerated a wee bit when making his arguments. A New York Times article outlines the details. It turns out there were more than a few questionable justifications involved in the decision making process. It cannot now be emphasized enough how reckless this action by the Governor was considering the economic distress in the country, where jobs are the lifeblood of a recovery. It also highlights just how difficult it is for the President and Democrats to facillitate a recovery when they are being undermined at every step with Republican policies that are not only counter productive, but are also often based on false premises.

niaman

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Tuesday April 26, 2011 · 8:12 PM PDT

2011/04/26 · 20:12

Not so long ago Al Dunlap was the hottest CEO on Wall Street. He was considered a turnaround wizard. He would come in and takeover tired companies and turn them into lean, competitive, up-to-date machines, suitable to be sold to the highest bidder. His methods were simple. He used massive layoffs, plant and factory closings, and asset liquidations to give the illusion of a trim, modern, efficient corporation, which would rally the company stock and lure potential buyers. For his ruthless pursuit of this strategy, he earned the nickname Chainsaw Al.

niaman

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Saturday December 04, 2010 · 2:02 PM PST

2010/12/04 · 14:02

Whatever the final outcome of the current tax rate conundrum in Washington, life will go on. However it would be nice, if before the outcome is determined, our economic future would begin to take a frontseat in the debate, which up until this point seems to have been exclusively a balancing of political considerations. I know political considerations cannot be ignored, but the economy must not be ignored either. And what economists from David Stockman to Paul Krugman seem to agree on is that the best thing for the economy is to let all the Bush tax cuts expire. That's why Chuck Schumer's statement that Democratic Senators may be willing to let all those tax cuts expire is so welcome. It is the one realistic shot we have at a decent outcome. And realistic is the key word. It is also the reason 41 could become the new 60. And the democratic message is simple: Extending tax cuts for the wealthy is economically insane.

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New Survey: Obamacare Demographics Look Healthy

CNBC confirms it: Higher taxes don't discourage spending by wealthy

I heard no one say Obama won because he deserved to

The Romney Tax plan paradox

Forbes: Reason no jobs, corporate cutbacks

Right wing: Jobs report confirms Obama was right

Simple Lies, Complex Truths

Make up a number

I tuned in for GOP convention, got SNL

New report disputes Christie on Tunnel Project

Chainsaw Paul Ryan

For Democrats, on tax cuts, 41 is the new 60