American politics isn’t kind to presidential election losers. But comebacks and reruns do happen from time to time. Andrew Jackson lost to John Quincy Adams in 1824, but came back to win two terms in 1828 and 1832. William Jennings Bryan … read more
The graph above shows two monthly series back to 1965 (data here): a) annual wage increases in the BLS series “Average Hourly Earnings of Production and Nonsupervisory Employees: Total Private” (red line), and b) annual inflation calculated from the Consumer … read more
Watch David Letterman’s two-minute rant above on the “greedy oil and gas companies of this country” who are trying “to squeeze every little last ounce of oil and gas out of previously pumped wells by injecting the substrata of our … read more
This is crazy. Stare at this picture carefully and you will see the man turn his face.
President Obama: “There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. I’m … read more