The bottom line is that George Will is in denial (as are most Republicans). He argued that the winner of the election is the status quo. Because he can't admit what actually happened. Nor can too many other Republicans. Instead, he has a theory that the facts easily refute and a solution that won't work. Denial takes at least three forms. 1. George Will and the Republicans still can't admit that Bush was a train wreck of staggering proportions. At home, on the border, and abroad, Bush failed. T...

A few notes on the election and what it 'means.' Much will be said about how Obama's win and Romney's loss reflects policy, politics, demographics, social issues, cultural issues, etc. In my opinion, most of the commentary on the presidential race is wrong. 1. The general consensus is that Obama ran a great campaign and Romney ran a terrible one. Really? Apparently, Obama is the first president in history to lose votes in his reelection bid. A few presidents (Carter, Bush 41, etc.) have been de...

"Free" trade takes income from workers in the tradable goods sector and transfers it to government employees and the service sector. For workers in the tradable goods sector, income losses are much greater than the gains from cheaper towels. Of course, cheap towels don't help the unemployed much at all. However, this isn't about what's good for one group of people versus another. The well being of America as a whole is the real question. Take a look at the chart below. Manufacturing employment ...

"Free" trade takes income from workers in the tradable goods sector and transfers it to government employees and the service sector. For workers in the tradable goods sector, income losses are much greater than the gains from cheaper towels. Of course, cheap towels don't help the unemployed much at all. However, this isn't about what's good for one group of people versus another. The well being of America as a whole is the real question. Take a look at the chart below. Manufacturing employment ...