Disclaimer: Just because I’m used to them, doesn’t mean I vote for them. Blake Masters, 36, is the 2022 Arizona GOP nominee for U.S. senator. He wasn’t born stupid, as he has B.A. and J.D. degrees from Stanford, so his cerebral cortex must have been pithed at some point, perhaps as[...]
Archive for the ‘Economics’ Category
GOP governors deny federal rent aid to working poor because it’s “socialism”
Republican governors in at least three states — Mississippi, Arkansas, and Nebraska — have turned away hundreds of millions of federal pandemic relief dollars allocated to preventing evictions because they don’t want their residents to receive those funds. In March 2022, Nebraska G[...]
August 3rd, 2022 - 2:17 pm § in Economics
Cheap groceries
Need to economize at the grocery checkout to stretch your budget? This chart might help. (Source: here) Return to The-Ave.US Home Page[...]
The worst Democrat in Congress
Henry Cuellar (D-TX), widely considered the most conservative Democrat in Congress, and already notorious for firing a pregnant staffer (details here) even before the FBI raided his house in what looks to possibly be a bribery investigation (details here), thinks the $7.25 federal minimum wage is to[...]
How America screwed up its power grid system
The question isn’t whether the grid will buckle and fail — it already has in places. Or when; obviously during summer heat waves or winter storms. Or why: Because of more air conditioning and electric cars. The question is how did we screw up our power system, and who screwed it up? The [...]
Billionaires love the GOP, and the GOP loves billionaires
It’s not really surprising that Republicans don’t care about the little guy. For working-class Americans, waging “culture war” comes at a cost of voting for policies that benefit wealthy donors at their expense. Read story here. Return to The-Ave.US Home Page[...]
July 9th, 2022 - 9:54 pm § in Economics
Why Robert Reich is wrong about gas prices
Don’t believe everything a Democrat says just because you don’t trust Republicans. Republicans lie so much I no longer believe anything they say, and they’re lying about gas prices too; when a Democrat talks, he’s not necessarily right, but at least you get to use your critic[...]
How Biden could have prevented high gas prices
He couldn’t have prevented the years of low oil prices and cheap gas that gutted oil company profits. (For example, Exxon’s profit dropped from $32.5 billion in 2014 to $7.8 billion in 2018, and the company lost $22.4 billion in 2020.) That was engineered by Saudi Arabia to kill off the [...]
Who’s to blame for inflation?
Republicans will tell you Biden is. Mark Zandi, a respected economist (bio here), breaks it down in the chart at left. Isn’t it obvious this is all Biden’s fault? Let’s go through it item-by-item. Russian invasion of Ukraine That’s 3.5% right there, and Biden admits it contr[...]
Why a gas tax holiday won’t lower pump prices
President Biden is warming up to a federal gas tax holiday (see story here), but will it help motorists? Or is it just empty election-year politics? Probably the latter. Let me explain why, starting with a simple supply-demand graph from Econ 101. In a free market, a lower price increases demand but[...]