ChrisWeigant.com

Archive of Articles in the "Economics" Category

Friday Talking Points -- Done Dirt Cheap!

[ Posted Friday, December 14th, 2018 – 19:14 PST ]

Our title today comes, of course, from former Donald Trump lawyer (and jailbird-to-be) Michael Cohen, who during his sentencing hearing this week said of Donald Trump: "Time and time again, I felt it was my duty to cover up his dirty deeds."

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The Reality Television Presidency

[ Posted Wednesday, December 12th, 2018 – 18:24 PST ]

President Donald Trump sat down with incoming Democratic congressional leaders Nancy Pelosi and Chuck Schumer yesterday, and he kept the cameras rolling to capture the first time the three had met in over a year's time. What ensued was nothing short of The Apprentice: Oval Office. The only real difference being that Trump is now playing the role of the apprentice, still getting up to speed after two years on the job. Pelosi and Schumer, or as Trump likes to call them, "Chuck and Nancy," spent a little over 15 minutes schooling the president on: the outcome of the midterm elections, how Congress works, the legislative process, border security, and (as a bonus) what is true and what is not. Reality television at its finest!

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Friday Talking Points -- Mr. Trump's Wild Ride

[ Posted Friday, December 7th, 2018 – 17:44 PST ]

As is now normal, the past week in politics was a pretty wild ride. The stock market went up, then way down, then a bit back up, then way down again -- and that was in a week with only four trading days (Wednesday was a national day of mourning for George H. W. Bush, so the markets were closed). Trump drove much of this confusion, after meeting with the leader of China last weekend to discuss trade. Adding to the confusion was the arrest of the leader of a giant Chinese corporation on Canadian soil at the request of the American Justice Department, and a weaker-than-expected jobs report today.

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Friday Talking Points -- Walking And Chewing Gum

[ Posted Friday, November 30th, 2018 – 17:42 PST ]

Welcome back to Friday Talking Points, after our one-week Thanksgiving break! Hope everyone had a great holiday and didn't eat too much turkey.

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...Nor Excessive Fines Imposed...

[ Posted Wednesday, November 28th, 2018 – 17:27 PST ]

The Supreme Court may be about to seriously rein in the practice of state and local governments essentially committing highway robbery. This practice is known as "asset forfeiture," and I've written extensively about it in the past. But a new court challenge could if not end then at least severely curtail the practice at the state and local level.

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What's Good For GM Is Not Good For Trump

[ Posted Tuesday, November 27th, 2018 – 18:06 PST ]

General Motors just announced several plant closures and over ten thousand layoffs, in a bid to restructure their operations for the future. Americans aren't buying so many sedans any more, so GM is shuttering some plants that make these cars. This includes a plant in Ohio, after President Trump personally promised workers that no factories would be shutting down there. Trump even went further, by personally advising Ohio workers not to sell their houses and move since manufacturing jobs would be such solid future prospects. So the GM announcement came as a rather personal blow to the president.

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Friday Talking Points -- Trump's Temper Tantrum

[ Posted Friday, November 16th, 2018 – 18:43 PST ]

Most Americans, not being political wonks, have largely moved on from the midterm election results. The mainstream media has also largely been ignoring the still-developing story, for two reasons: (1) they really kind of blew it on Election Night, uniformly coming to the wrong conclusion very early in the evening ("the blue wave is not appearing") and so they're now avoiding having to correct their misinterpretation; and (2) there's a recount in Florida again! Woo hoo! Break out the video clips of that poor myopic cross-eyed guy with the magnifying glass -- that's always fun to run, right?

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Friday Talking Points -- Democrats' Biggest Midterm House Win Since Watergate

[ Posted Friday, November 9th, 2018 – 17:33 PST ]

Our subtitle today is (appropriately) nothing short of a talking point. Democrats just won their biggest pickup in the House of Representatives since 1974, the first post-Watergate election. That's not only impressive, it's downright historic. But, for some reason, many Democrats and many pundits are concentrating solely on the downside rather than face the many ballot-box victories the Democrats just chalked up. We have no real reason why this is so, and we wonder why so many seek the dark lining to what is indisputably a very silver cloud. Democrats won, and they won big. They didn't win every race, and some rock-star candidates lost, but why dwell on it? There were so many other wins Tuesday night that more than made up for it, after all.

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Setting The Democratic Agenda For The Next Two Years

[ Posted Thursday, November 8th, 2018 – 17:48 PST ]

Democrats are poised to start setting the political agenda in the House of Representatives, beginning in January. This agenda will consist of three different types of actions: investigating the Trump administration, doing legislative deals with Trump where possible, and creating the Democratic Party platform for the 2020 election.

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There's A Lot For Progressives To Celebrate Today

[ Posted Wednesday, November 7th, 2018 – 18:00 PST ]

Was it a blue wave, or (as one television commentator last night waggishly put it) only a "blue ripple"? The one thing everyone can agree upon is that it wasn't actually a tsunami, but I'm still kind of surprised at the bickering this morning over the precise amplitude of the Democratic victories last night (as measured in metaphorical ocean waves), because no matter how you spin it Democrats had a really good night pretty much everywhere but the Senate races. Since the Senate was always going to be tough, this wasn't all that big a deal, really, but some today seem overly dismayed by the fact that Democrats didn't run the table everywhere.

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