ChrisWeigant.com

Archive of Articles in the "Economics" Category

Predicting Next Republicans To Exit The Race

[ Posted Wednesday, September 23rd, 2015 – 17:27 UTC ]

So we're down to the paltry number of "only" 15 Republican candidates for president, as Scott Walker has now joined Rick Perry on the sidelines of the race. I must admit, I'm doing a pretty horrible job of picking who will exit the race in what order, as when I wrote about the subject last month, neither man was on my list of the first five candidates I thought would drop out earliest. Both Perry and Walker had substantial support from the billionaire class, which meant both had plenty of funds pouring in to super PACs to support their candidacy. The problem for both men, in the end, turned out not to be lack of funds to air television ads, but rather lack of funds to keep the lights on and pay their official campaign staff. Before their respective exits, Perry put almost all his campaign staff on a volunteer basis (because he couldn't afford the payroll) and Walker announced he was pulling back everywhere but Iowa, and shrinking his campaign staff accordingly. So even with millions sitting in super PAC coffers, what killed their campaigns in the end was lack of financial support for the campaign itself.

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Friday Talking Points [362] -- Beyond The Debate Stage

[ Posted Friday, September 18th, 2015 – 17:27 UTC ]

This was one of those weeks when one event overshadowed pretty much everything else that was going on in the political world. The event, of course, was the second round of Republican presidential debates, which lasted for a grueling five-plus hours.

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Snap Debate Reactions

[ Posted Wednesday, September 16th, 2015 – 22:24 UTC ]

After having just sat through over five hours (!) of Republicans debating each other, I have to say my brain is somewhat numb. So I'm not going to try to do any high-level analysis of the 25 pages of notes I took, but instead rely on just snap reactions to what I've just witnessed at the Shrine of Saint Ronald of Reagan's Magic Airplane. I write these snap reactions for a reason, and the reason is to see how differently I saw the debates from all the professional pundits out there. Come tomorrow, I'll read what everyone else has to say, and if the past is any measure, I'll be astonished at what settles in as conventional inside-the-Beltway wisdom. All quotes are transcribed by me hastily, and may not be exact, I should mention in passing, too.

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Friday Talking Points [361] -- Bye-Bye, Rick

[ Posted Friday, September 11th, 2015 – 17:15 UTC ]

Breaking news! Rick Perry drops out of presidential race!

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Friday Talking Points [360] -- North, To Alaska!

[ Posted Friday, September 4th, 2015 – 16:29 UTC ]

President Obama had some fun this week, and by doing so actually forced the media to tackle a serious subject on his agenda. The fun part was taking the whole press corps up to Alaska, and even filming an episode of Bear Gryll's celebrity survivalist show. I certainly never thought I'd type a sentence linking President Obama and Bear Grylls, but then we certainly do live in strange times. In a more normal political (but no less partisan) atmosphere, Obama might have been roundly criticized for acting almost Putin-like, being photographed as a tough guy in the great outdoors. Who knows, when the episode airs, he still may face such carping from Republicans. But seeing as how the Republican presidential race is currently redefining the term "cult of personality" in a major way, I don't think the charge is going to carry much weight. It's hard to argue that the dignity of the Oval Office means not appearing in a reality television show when the guy leading the pack on your side is a reality-show television star, after all.

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Obama Poll Watch -- August, 2015

[ Posted Tuesday, September 1st, 2015 – 17:24 UTC ]

President Barack Obama just had another bad August in the polls. This doesn't come as any real surprise, as summer seems to be the worst time of year for him throughout his term in office. Last month Obama posted the first positive July he ever has, but this month he reverted to form and slipped significantly in his job approval polling. Let's take a look at the new chart.

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Trump More Progressive Than Democrats On Warren Buffett Problem

[ Posted Monday, August 31st, 2015 – 17:00 UTC ]

Donald Trump made a rather startling proposal last week out on the campaign trail, but few in the media noticed. Perhaps this was due to the fact that Trump says so many startling things that the media can be excused for not paying attention to all of them. Perhaps it was because it wasn't as incendiary as many other Trump campaign promises. But for whatever reason, his words merit a lot more attention than they're so far getting, especially from all the Democratic presidential candidates. Because, as things stand, Trump is now more progressive on this particular issue than the entire slate of Democrats.

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Friday Talking Points [359] -- Every Sulfurous Belch

[ Posted Friday, August 28th, 2015 – 17:00 UTC ]

The entire Trump phenomenon reminds me of a basic rule from the world of magical/fantasy fiction. It's not quite Asimov's "three laws of robotics," but it's still been used my many authors who write about wizards casting dangerous spells. The rule of thumb among wizards? "Do not call up that which you cannot put down." Don't summon demons or otherworldly forces if you're not strong enough to defeat them, in other words.

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Biden Speculation

[ Posted Monday, August 24th, 2015 – 16:34 UTC ]

Vice President Joe Biden certainly has got the media talking. All it really took was one leak to Maureen Dowd and a meeting with Senator Elizabeth Warren, and the recurring story in the media is now: "Biden's son Beau made a deathbed plea to his father to run for president again, and he's now seriously considering it." That's a compelling political narrative, to be sure. The Wall Street Journal is even reporting that Biden's now leaning towards running. Now, I have no inside sources of my own, so I have no idea what's really going on in Biden's head, but no matter how likely it turns out to be, a Biden candidacy bears political examination beyond the simple question of: "Will he or won't he run?"

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Friday Talking Points [358] -- Trump's Immigration Roundup

[ Posted Friday, August 21st, 2015 – 17:16 UTC ]

Another week has gone by, and Donald Trump remains the Republican frontrunner in the presidential nomination race. We've noticed that all the inside-the-Beltway pundits who so confidently predicted Trump's imminent and inevitable downfall are now slowly starting to revisit their predictions. This is making them extremely nervous, of course. Some are still finding solace in the "Trump's going to say something any day now that will sink him like a stone" way of thinking, but their numbers are getting smaller as time goes by and Trump defies political gravity once again.

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