ChrisWeigant.com

Archive of Articles in the "Economics" Category

Bringing Back Earmarks

[ Posted Thursday, May 1st, 2014 – 17:29 UTC ]

There seems to be a quiet debate going on within Congress over the possibility of bringing back the practice of earmarks. Unusually, the debate doesn't seem to break down on strictly partisan lines (the way most issues do, these days). But it does raise a valid question: should some limited form of earmarks be allowed to return to the budgeting process? Would it be a good thing or a bad thing, overall?

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NBA Rejects Racism, MLB And NFL Continue Their Silence

[ Posted Wednesday, April 30th, 2014 – 16:53 UTC ]

The head of the National Basketball Association is being praised for swiftly acting to ban an NBA team owner for life, after his private conversations were leaked in which he displayed unquestionable racism. That is indeed laudable, but it ignores the institutional racism which is still allowed within the National Football League and Major League Baseball. Senate Majority Leader Harry Reid just pointed this out (with regards to the NFL), on the floor of the Senate. But even Reid didn't go far enough. Consider the following outlandish scenario, if you will: the Clippers are forced to be sold to another owner. This new owner decides that the team name has been tainted beyond all repair, and decides to rename the team. He chooses the name "Blackskins," and comes up with a logo that closely resembles the Little Black Sambo caricature. What would the public say? Think everyone would agree that this was a good idea?

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Friday Talking Points [301] -- Seven More Amendments

[ Posted Friday, April 25th, 2014 – 16:24 UTC ]

There were two political stampedes this week, both towards and then back away from the same man: rancher Cliven Bundy. Bundy was a strange hero for conservative Republicans to adopt, since he is essentially fighting for his right to be a "taker" (in "conservativese") from the federal government -- a right that he refuses to pay for, and by doing so has broken the law. So he's a law-breaker and he wants to mooch off the public for free -- two traits which conservatives routinely rail against. I guess conservative Republicans can be forgiven, since there was all the excitement of guns and going toe-to-toe with the dastardly gummint agents -- which always causes conservative hearts to swoon.

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Happy Earth Day, Hippies!

[ Posted Tuesday, April 22nd, 2014 – 17:14 UTC ]

Today is Earth Day, and I'd like to take the occasion to give some credit to an oft-maligned group of people: hippies. I say this in all seriousness, without a trace of condescension or irony whatsoever, since they regularly get that sort of thing elsewhere (by the truckload). I say it because the radicals known as hippies have actually been amazingly victorious in changing American culture in all sorts of ways -- even though they seldom get any credit for pioneering ideas that were once considered (at best) "far out," but are now so mainstream that they fit comfortably in every suburb across the land. And Earth Day is a perfect time to do so, since it is the "hippiest" (to coin a phrase) of all the modern holidays and celebrations.

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Friday Talking Points [300] -- Our 4/20 Acronym Contest Challenge

[ Posted Friday, April 18th, 2014 – 17:24 UTC ]

Three hundred of these columns? To coin a phrase... far out, man.

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Good News For Obamacare

[ Posted Tuesday, April 15th, 2014 – 16:41 UTC ]

If life were but a metaphor, the headlines would now be reading: "Train Does Not Wreck, Pulls Into Station 7 Minutes Early." Of course, I am speaking of Obamacare, a subject which Republicans have all but reduced (in their own minds, at least) to a mumbling mantra: "trainwreck... trainwreck... trainwreck." But as more and more good news appears, the real story (with apologies to Sir Arthur Conan Doyle, of course) is "the train which did not wreck in the night."

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Friday Talking Points [299] -- Happy 50th, Civil Rights Act Of 1964!

[ Posted Friday, April 11th, 2014 – 17:14 UTC ]

This was a big deal. It is worth remembering. Johnson used the popularity he inherited after John F. Kennedy was assassinated to get this crucial law passed. Back then, it wasn't a clear "Democrats versus Republicans" split on the issue of civil rights, it was more geographic. Southern Democrats were the ones fighting the hardest against such legislation. Johnson is reported to have said after signing the bill that he had "lost the South for a generation" for the Democrats by doing so.

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Election-Year Posturing From Congress Defines Campaigns

[ Posted Wednesday, April 9th, 2014 – 16:43 UTC ]

Congress is now doing what it normally does, in an election year. This is not intended to sound cynical, as I actually think it is a good thing for a divided Congress to stand up for its divided beliefs -- even while knowing that almost none of the bills it now votes on have a prayer of becoming law before the election. But these bills do serve an important purpose, and that is to define the two parties' differing agendas and priorities for the campaign. The clearer the picture that emerges between Democrats and Republicans, the better idea the citizenry has of what it is supporting in the ballot box, come November. So I actually welcome all the posturing which is now happening in both houses.

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Patiently Crunching Obamacare's Numbers

[ Posted Monday, April 7th, 2014 – 17:29 UTC ]

We are in the midst of a political battle over the Obamacare numbers right now, so it seemed like a good time to examine what they all mean, in an attempt to interject some clarity into a very confusing debate. The numbers will change over time, as will (no doubt) the claims made from both sides of the debate; but without a little context the numbers by themselves don't actually say much. And as time goes by, one particular number will become the most important of all the data -- and this number just got better today (more on this at the end).

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Friday Talking Points [298] -- "And Counting"

[ Posted Friday, April 4th, 2014 – 17:04 UTC ]

Today we're turning over the whole talking points section to the president, because he certainly deserves a victory lap after announcing this week that -- against all odds, and against all the slings and arrows of misfortune -- 7.1 million people signed up for health insurance on the Obamacare exchanges.

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