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Jodie Allen

Entries by Jodie Allen

The Gingrich "Gaffe"

(39) Comments | Posted May 21, 2011 | 3:02 PM

Could there be any more perfect illustration of the Kinsley gaffe theorem than Newt Gingrich's killer criticism of Paul Ryan's Medicare plan last week?

In the political arena, as premier political commentator Michael Kinsley enunciated many years ago, a gaffe occurs "when a politician tells the truth."...

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Let's Have a Real Shutdown!

(6) Comments | Posted April 6, 2011 | 5:57 PM

So you want a government shutdown? Let's have a real one. If the solons in Congress can't find a way to find compromise amidst their admittedly huge differences with respect to the federal budget, let's skip the halfway measures. Shut the whole darn thing down. No maintaining of "essential" services...

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Who's Really to Blame for the Housing Crisis?

(18) Comments | Posted January 31, 2011 | 4:55 PM

The nominally bipartisan Financial Crisis Inquiry Commission released its findings last Thursday in tripartite form. One section, the output of the Democratic end of the panel, will focus on the Wall Street and banking sector abuses that contributed to the ongoing crisis. A second take on the...

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Obama's SOTU Problem: An Ounce of Prevention is Worth, Well, Next to Nothing

(5) Comments | Posted January 27, 2010 | 5:36 PM

Prevention, according to the old adage, is supposed to outvalue cure by a ratio of 16-to-1. Recent history would suggest the opposite relative weighting, and probably one far more unbalanced.

The immediate case in point is, of course, the current disillusionment with Obama's economic policies. And no question that unemployment...

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Death for Sale

(3) Comments | Posted January 13, 2010 | 11:42 AM

There was a time when merchants waited until after the holiday season to begin their clearance sales. Now, of course, such promotions start by Labor Day at the latest. This year, however, there is one commodity that did not hit the sale racks until the start of the new year:...

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Financial Health: No Cures Please, We'd Rather Be Sick?

(0) Comments | Posted October 14, 2009 | 11:38 AM

The financial news has been full of bad news lately. It seems like everyone from U.S. consumers to international traders are doing what they've been told to do by the economic and financial experts for the last decade or so in order to secure America's long-term future. And who would...

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Needed Medicine: A Dose of Inflation?

(3) Comments | Posted July 23, 2009 | 6:41 PM

Fed Chairman Ben Bernanke hastened to assure Congress on Tuesday that, while he thinks the economy still needs stimulus, he remains sensitive to the danger that expansive monetary policy could stoke inflation. But should he worry? Might inflation be not only the most efficacious but also the kindest way out...

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Not on the Job

(8) Comments | Posted July 18, 2009 | 6:46 PM

The consensus of economic wisdom now informs us that we are facing a jobless recovery. That might not be so bad if it hadn't been preceded by a long period of poorly paid prosperity.

Minutes of the Fed's June policy meeting released last week show that officials now...

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How's That Again?

(16) Comments | Posted July 11, 2009 | 2:27 PM

"Tumbling price of oil helps stocks end day down," read the business headline on on Tuesday, a warning repeated in another Associated Press story on Friday.

Gee that's funny. I used to think that falling oil prices were good for the economy. After all Americans buy (and increasingly...

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The High Price of Housing Whoha

(2) Comments | Posted July 7, 2009 | 1:14 PM

It may come as a surprise to homeowners and developers now viewing block upon block of empty and unsellable houses and townhouses (or, in cities, floor upon floor of vacant condos), but apparently one of the main causes of the current housing crisis is that we didn't build still more...

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Cockeyed Optimists or Self-Fulfilling Prophets?

(2) Comments | Posted June 21, 2009 | 6:41 PM

Out here on the frontiers of American public opinion, a faint but discernible breath of optimism is dusting the plains. This, even as economic experts warn of a slow recovery from the current severe recession and a record number of Americans express dissatisfaction with their current financial situation. Are average...

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