ChrisWeigant.com

Archive of Articles in the "Economics" Category

Friday Talking Points [427] -- Lock Him Up!

[ Posted Friday, March 3rd, 2017 – 18:29 UTC ]

This was supposed to be a good week for Donald Trump. He was going to give a big speech, and he was all set to roll out the 2.0 version of his Muslim ban. As usual in the Trump administration, though, things didn't quite work out as planned.

Read Complete Article »

Style Versus Substance

[ Posted Wednesday, March 1st, 2017 – 18:03 UTC ]

President Donald Trump's first speech to Congress and to the American public was not a disaster of epic proportions. Normally, I wouldn't begin a speech review with such a statement, but with Trump, the possibility always exists (see: Trump's first press conference). Trump managed to clear the bar of "speaks like the public wants to hear a president speak, and not like an enraged adolescent on the playground." Again, for any other president this bar wouldn't even be mentioned, because it has never been an issue before now. Because it was Donald Trump, however, much of the audience watching the speech breathed a sigh of relief that Trump finally managed to "look presidential."

Read Complete Article »

Media Can't Count, Gets Trolled On Trump Budget

[ Posted Tuesday, February 28th, 2017 – 16:40 UTC ]

The Trump White House released its first hints of a budget proposal yesterday, and in doing so they masterfully trolled pretty much the entire mainstream media. The first thing everyone focused on was the proposal to boost military spending by $54 billion, or ten percent. But the other focus was successfully manipulated by the White House to "journalists" who seem absolutely incapable of doing basic math. Get that -- the Trump team is outdoing someone else on lack of math skills! Really thought that would have proven impossible to accomplish, but here we are.

Read Complete Article »

Will Perez Be Effective?

[ Posted Monday, February 27th, 2017 – 18:50 UTC ]

The Democratic National Committee met this weekend and elected as its new chairman Tom Perez, who narrowly beat out Keith Ellison on the second round of voting. It was the most contentious race for party chair seen in decades, so the first challenge Perez is going to face is whether he can quickly achieve any sort of party unity before the big push for the midterm elections gets underway. He's got his work cut out for him, but the bigger question is whether he'll be an effective party leader for the Democrats, and whether he can reverse the slide in the party's relative strength both nationwide and at the state and local level.

Read Complete Article »

Friday Talking Points [426] -- Who To Believe?

[ Posted Friday, February 24th, 2017 – 18:29 UTC ]

That question is becoming more and more acute for the rest of the world, in reference to President Donald Trump versus the rest of the Trump administration. If you were the foreign minister from a country in Europe, for example, would you believe what Trump says about American policy towards Europe and Russia, or would you believe his minions, such as the Vice President Mike Pence or Secretary of State Rex Tillerson? This dilemma could become a sort of low-level ongoing crisis, since Trump's comments are so far removed from what others in his administration are saying. Who are you going to believe? The boss, or the underling who is making much more sense? That's a pretty risky geopolitical gamble to make, no matter which side you choose to believe.

Read Complete Article »

Don't Try To Co-opt Indivisible Movement, Fulfill It

[ Posted Wednesday, February 22nd, 2017 – 18:29 UTC ]

There are two things currently happening in the world of Democratic and progressive politics, which are happening independently of each other, for the most part. This weekend, the Democratic National Committee will meet to elect a new chair. Meanwhile, out in the hinterlands, the progressive wave of energy and resistance to Donald Trump and his agenda shows no signs of abating. But I would extend a word of caution to whomever becomes the next D.N.C. chair: Don't attempt to corral or co-opt the burgeoning Indivisible movement -- instead, just do your damnedest to fulfill their expectations.

Read Complete Article »

Rocky Starts In Presidential History

[ Posted Monday, February 20th, 2017 – 18:52 UTC ]

Since it is Presidents' Day (or whatever else you call today, apostrophized or not), I thought I'd take it easy on our current president, and take a break from the regular ridicule I've been heaping upon him since he was sworn in. Today's supposed to be a noble holiday, after all, so I thought I'd make an extra effort at evenhandedness, and take a look back through history at some of the rocky starts various American presidents have had on the job.

Read Complete Article »

Friday Talking Points [425] -- Stress Conference

[ Posted Friday, February 17th, 2017 – 19:32 UTC ]

Before we begin, two quick notes. That subtitle above isn't ours, but when we heard what CNN's Brian Stelter called the hot mess we saw yesterday, we had to agree it was the perfect description. Stress conference indeed! Secondly, our opening metaphor to describe our own personal reaction is going to need a rather roundabout explanation, just to warn everyone in advance.

Read Complete Article »

Too Little From Congress, Too Much From Trump

[ Posted Wednesday, February 15th, 2017 – 17:54 UTC ]

The relative speed differential between the Trump White House and the Republican Congress is already starting to cause problems, it seems. Because the Trump administration is moving so quickly and Congress historically moves at a pretty glacial pace, the unspoken bargain between congressional Republicans and President Trump is already showing cracks. The basic deal was going to be that GOP leaders in Congress would back Trump up on some of his (shall we say) more esoteric campaign promises, while Trump's end of the bargain would be to sign pretty much anything Republicans could manage to get past Congress, even if it contradicted some of what Trump promised his supporters (like gutting Medicare and Medicaid, to cite the most obvious candidate). GOP leaders would allow Trump to build his wall in exchange for Trump allowing them to shred the safety net and bestow generous tax breaks to the ultra-wealthy. That was the plan, at any rate.

Read Complete Article »

Friday Talking Points [422] -- Tiny Hands, Tiny Crowds

[ Posted Friday, January 27th, 2017 – 17:59 UTC ]

We're going to start today with a story that sounds like an urban myth, but actually happened. The state government of Indiana, 120 years ago, was almost taken in by a crank mathematician. He got them to introduce a bill he had written that would have changed state law to state that the value of pi was what he said it was. The language of the bill is inexact at best -- it might better be described as "completely incoherent" -- and actually suggests multiple ways of calculating pi, none of which are correct. The easiest to understand was to calculate it as a ratio of 5/4 to 4, which would give 3.2. The other methods are pretty indecipherable, to be polite.

Read Complete Article »