White House Mafia Blog

Article [and my comment]: The Nordic Option

COMMENT TO Roger Cohen regarding his "Nordic Option" article, posted below:

You can’t just compare the top tax rate in Sweden vs. the top tax rate in the US. You say [S]weden’s top personal income tax rate of 56 percent would make Americans pale.” What you fail to do is a full comparison of what people get (benefits) and what they pay (costs). That would turn your simpleton conclusions upside down. [Click through to read the rest]

Homeless In America? Here’s a Bus Ticket, Now GTF Out of Town

This is one of the things I don’t understand about George Bush’s Amerika. We have billions of dollars and thousands of lives to throw at illegal wars, but no money to help homeless people (no money for healthcare and insurance either, but that’s another story). We have Exxon making obscene amounts of money as it, along with countless other Bush buddies, profits from one of the most calculated crimes in modern history. They saw what happened...

Part II: The Great Gates Contradiction

Part 2 of 2 of the LA Times serries. See here for Part 1 of 2.

Article: Coming Down to Earth

Here’s the quote of the article: “We became a nation in which people make a living by selling one another houses, and they pay for the houses with money borrowed from China.”

May 19, 2006
Op-Ed Columnist
Coming Down to Earth
By PAUL KRUGMAN

Um, wasn't the stock market supposed to bounce back after Wednesday's big drop?

We shouldn't read too much into a couple of days' movements in stock prices. But it seems that investors are suddenly feeling uneasy about the state of the economy. They should be; the puzzle is why they haven't been uneasy all along.