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Tweet Follow me The good news as Wall Street gives a thumbs-down to the “No taxes, No jobs” deficit-ceiling-deal (with its built-in automatic spending cuts virtually certain to kick in amid more Congressional gridlock) is that U.S. crude oil futures ended Thursday at $86.63 a barrel in New York — down $5.30! The bad news is that oil companies only use the futures price to justify increasing prices at the pump no matter what their profits have been lately. Still, the GOP got out of the way of putting...

Tweet Follow me Former U.S. Representative David Stockman (R-MI), who served as Ronald Reagan’s first director of the Office of Management and Budget, used the forum of the Sunday New York Times to unmask and rebuke Republican members of Congress and their elite messaging strategists who cling to claims to be fiscal conservatives. “Mr. McConnell’s stand puts the lie to the Republican pretense that its new monetarist and supply-side doctrines are rooted in its traditional financial philosophy.“ David...

Tweet Follow me The Committee on Energy and Commerce of the U.S. House of Represenatives has prepared, for all 435 congressional districts, a district-level analysis of the impact of health care reform legislation. This analysis includes information on the impact of the legislation on families, small businesses, seniors in Medicare, health care providers, and the uninsured. Somebody in Michigan should forward the link to Representative Bart Stupak, just in case he doesn’t know. The bill caps annual out-of-pocket...