Democrats will play the old Washington game of calling reductions in the rate of growth of spending for any program a 'cut'.

Democrats will play the old Washington game of calling reductions in the rate of growth of spending for any program a 'cut'.

People are increasingly concerned about unemployment, but Republicans have nothing to offer them.

The conservative side of our political spectrum has had an outsized voice over the last few years. I think especially since the establishment of Fox News, which has created an echo chamber in which people just hear the same ideas repeated ad infinitum. And you know, it's just basic advertising, basically. You hear the same idea over and over again. Or you can call it propaganda if you like.

Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.

The break for me was the Medicare drug benefit in 2003. It's just grossly expensive, bad policy. After that, I no longer gave them the benefit of the doubt and started seeing the glass as half-empty.

I believe any decline would lock in a Fed increase with some certainty.