Phone calls carry more weight than emails

Macroeconomic Advisers LLC says President Barack Obama’s American Jobs Act “would give a significant boost to GDP and employment.” The various tax cuts aimed at raising workers’ after-tax income and encouraging hiring and investing, combined with the spending increases aimed at maintaining state & local employment and funding infrastructure modernization, would: Boost the level of [Read More...]

When the free market gives you free money, take it

The U.S. Mint has been trying to promote the use of $1 coins, offering free shipping to those who “purchase” large quantities of the more durable, more efficient currency. Some credit card banks promote the use of their cards by offering frequent flyer bonus miles as a reward. The more you purchase with those cards, [Read More...]

The priority of labor (cont'd.)

It is, admittedly, a bit odd for me as a Baptist to be such a fan of a papal encyclical. But my enthusiasm for Laborem Exercens is in spite of, not because of, its claim to ecclesiastical authority. I admire it because it presents a thoughtful and principled argument based on and distilled from non-sectarian [Read More...]

Resenting the poor (cont'd.)

Ed Kilgore notes that a vicious resentment of the working poor is fast becoming the central organizing principle for America’s right wing: The transformation is widely observable across the conservative landscape, with Republican fiscal proposals in the states and in Washington going after a host of other key support systems for the working poor with [Read More...]

'Who is the rich man that is being saved?'

Men who offer laudatory speeches as presents to the rich may be rightly classed, in my opinion, not only as flatterers and servile, since in the hope of a large return they make a show of granting favors that are really no favors, but also as impious and insidious. They are impious because, while neglecting [Read More...]

The productive class

People who suck up to the wealthy should be called what they are — brown-nosers and lap-dogs willing to say anything in hopes of getting a piece of that money. But they’re even worse than that. They’re also blasphemers and poisoners. They’re blasphemers because instead of praising God as the only true source of and [Read More...]

To my ultra-rich readers (in the unlikely event I have any)

Let’s talk utility, efficiency and bang-for-the-buck. Let’s just be tough-minded and clear-headed and consider how to maximize our returns in times like these. Stocks? Maybe, but it’s a gamble. Likely to get worse before it gets better. Plus there’s the whole volatility aspect — up 300 one day, down 600 the next. Who needs the [Read More...]

Brian Moynihan and Empress Eudoxia

Where does Brian Moynihan go to church? And how is it that he still feels comfortable there? Moynihan, the CEO of Bank of America, “plans to cut at least 3,500 jobs in the upcoming months, with the possibility that thousands of additional positions could also be eliminated.” In a memo to the bank’s senior management [Read More...]