ChrisWeigant.com

Archive of Articles in the "Economics" Category

Friday Talking Points [293] -- Republicans' Foot-Shooting Party

[ Posted Friday, February 28th, 2014 – 18:40 UTC ]

Instead, we're mostly going to focus on what appears to be an astonishing amount of Republican self-inflicted political wounds from the past week. It's as if someone somewhere gave Republicans an order: "Stick your foot way out, now... ready... aim... fire!" Even when Republicans weren't shooting at their own feet this week, it appears they were conducting a circular firing squad instead. The 2014 campaign, in other words, is off to a raucous start... and it's only February.

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Friday Talking Points [292] -- From Russian Panties To Animal Skulls

[ Posted Friday, February 21st, 2014 – 18:29 UTC ]

We've got a lot to get to in our weekly roundup of politics this week, it seems.

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Defusing Austerity

[ Posted Thursday, February 20th, 2014 – 18:01 UTC ]

The White House has just given everyone a peek at what President Obama's next budget proposal is going to look like. Full details aren't yet available and likely won't be until next month, when Obama's budget is officially released. What is known, at this point, is that the White House is signaling that the attempt to reach out to Republicans and meet them halfway in some "grand bargain" on the budget is officially over, at least for the time being. Specifically, Obama has dropped his "chained C.P.I." idea. What this is going to mean for the rest of the year is likely "not much," at least outside the realm of politicking. It is, after all, an election year. But Obama is sending a strong message to Democrats that he won't be "giving away the store" in any budget agreements this year, which comes as a relief to many Democrats.

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Waiting For California To Legalize Marijuana

[ Posted Wednesday, February 19th, 2014 – 18:23 UTC ]

Marijuana is in the news today, as the Coalition for Cannabis Policy Reform (the best-financed advocacy group in California) have stated that they will not, after all, be moving forward with a ballot initiative in 2014 to legalize recreational use of marijuana. After considering their ballot measure's chances (the "Control, Regulate and Tax Marijuana Act"), the group has decided to wait until 2016 to move forward. This may come as a blow to California marijuana supporters, but in the long run it may have been the smart thing to do. Waiting another two years isn't a welcome prospect to many, but it may produce a better law and broader public support in the end.

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The Political Impact Of The CBO Minimum Wage Report

[ Posted Tuesday, February 18th, 2014 – 18:19 UTC ]

The Congressional Budget Office just put out a report on what effects raising the minimum wage might have on the American economy. The Washington Post has a pretty good rundown (complete with charts and excerpts from the report), which does a good job showing what the C.B.O. numbers really are, and what they predict. One of these numbers in particular is getting most of the attention, but we're going to largely avoid the debate over the numbers themselves and instead focus in on what this report is going to mean politically for both sides in the debate.

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Friday Talking Points [291] -- Zip-A-Dee-Doo-Dah

[ Posted Friday, February 14th, 2014 – 19:10 UTC ]

John Boehner has a song in his heart. That song is "Zip-A-Dee-Doo-Dah," which he was heard quoting from as he was busy passing a clean debt ceiling bill in his House. He followed up with another lyric from the tune: "Plenty of sunshine coming my way." Mr. Boehner is, of course, being amusingly ironic. He does not, in fact, have a song in his heart, and he is not looking for beams of sunshine heading his way from his fellow Republicans.

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Third Time's The Charm

[ Posted Tuesday, February 11th, 2014 – 17:26 UTC ]

John Boehner just bowed to reality for the third straight time, rather than choosing to create yet another meaningless self-imposed crisis for the American economy. There are metaphors a-plenty to describe today's events, but we're going with how one fellow Republican put it (who didn't even agree with Boehner when it came time to vote): "John Boehner was the adult in the room."

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Friday Talking Points [290] -- Freedom From Job Lock

[ Posted Friday, February 7th, 2014 – 19:18 UTC ]

Americans across the land are banding together to solve one of the country's most pressing problems, it seems: demanding that Justin Bieber be deported!

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Risky Business

[ Posted Tuesday, February 4th, 2014 – 17:17 UTC ]

If you buy car insurance and then get into an accident, when the insurance pays for your repairs, have they "bailed you out"? Most people would answer "no," because planning for risks in advance by buying insurance is a responsible thing to do. There is no "bailout" involved at all. But that's the basic concept Republicans are planning on selling, if today's rumors are to be believed.

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Obama Poll Watch -- January, 2014

[ Posted Monday, February 3rd, 2014 – 16:23 UTC ]

President Obama just had -- relatively -- the best month in job approval polling he's had for his entire second term. The reason for the qualifier in that previous sentence is that in absolute terms, Obama's poll numbers are still pretty bad, but when measured by month-to-month change, January was the best month Obama's had since the afterglow of his re-election. But then a picture is clearer than all these words, so let's take a look at the chart:

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