ChrisWeigant.com

Archive of Articles in the "Economics" Category

"No Budget, No Pay" Works Once Again In California

[ Posted Monday, June 16th, 2014 – 17:28 UTC ]

Yesterday was Fathers' Day. Most dads, even those who happen to be elected officials, were able to relax and enjoy the day by spending some time with their families. California legislators did not have this luxury, due to their own inactivity in the days leading up to a midnight legislative deadline. They worked throughout the weekend to produce the state's budget on time -- which they achieved, late yesterday. But the really newsworthy thing about this was why they decided to work the whole weekend instead of just ignoring the mandated deadline (which they used to routinely do). They put in the overtime hours for one reason and one reason alone: if they hadn't come to an agreement on time, their pay would have stopped at midnight. Call this story the success of the "no budget, no pay" idea, if you will.

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Friday Talking Points [308] -- Selenofriggatriskaidekaphobics Unite!

[ Posted Friday, June 13th, 2014 – 17:39 UTC ]

I have to begin this week by apologizing for the irreverent nature of that title, but then how often do you get a chance to coin a cool word like "selenofriggatriskaidekaphobia"? The proper answer is that the chance won't come again until 2049, which explains why we couldn't resist. The word is a mashup of two phobias, the fear of a full moon (selenophobia) and the fear of Friday the 13th (friggatriskaidekaphobia, not to be confused with fear of the number 13, which is just triskaidekaphobia, of course). The rare occurrence of a full moon on a Friday the 13th won't happen again for another 35 years, so today's pretty much it for this generation of selenofriggatriskaidekaphobics, at least. But enough of this looney etymological fun, let's get on with a week chock-full of political happenings, shall we?

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Not Far Enough On Student Loans

[ Posted Monday, June 9th, 2014 – 16:58 UTC ]

A proposal from Senator Elizabeth Warren would drastically change the program, but so far it hasn't gotten President Obama's full-throated support. While I understand that Obama can rightly say that he's doing what he can on student loans outside of Congress, if he truly wanted to reform the program he would get solidly behind Warren's proposal and push it as hard as possible, in an effort to shame at least the Senate into acting upon it.

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Friday Talking Points [307] -- An Alternate Reality To Consider

[ Posted Friday, June 6th, 2014 – 16:43 UTC ]

This week was notable in many respects in the political world, but one subject overwhelmed almost everything else. We're going to address the prisoner swap and Bowe Bergdahl in an unusual way this week, in lieu of our regular talking points at the end of the column. But first, we're going to take a very quick look at what else happened this week, and then hand out the weekly awards.

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Obama Poll Watch -- May, 2014

[ Posted Monday, June 2nd, 2014 – 15:55 UTC ]

President Obama's job approval ratings continued to improve, slowly, in the month of May. In five out of the last six months, in fact, Obama's numbers have gotten better. He is now roughly where he was right before the impact of the Obamacare website rollout hit his approval rating. This is still not fantastic territory for any president's approval rating to be in, but it does represent a steady increase as Obama has won back people he lost in the Obamacare website disaster. However, this trend may now be flattening out, meaning June's numbers may not be as positive. But we're getting ahead of ourselves. Let's start with a look at last month's chart:

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From The Archives -- Gettysburg And Gridlock

[ Posted Monday, May 26th, 2014 – 14:58 UTC ]

I was all set to write an original Memorial Day column today, and had a subject lined up and everything, but then the subject matter and research just got too depressing. So instead, I'm re-running a column I wrote last summer, on the occasion of the 150th anniversary of the Battle of Gettysburg (and the larger 150th anniversary of the Civil War, which we are still in the midst of).

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Friday Talking Points [305] -- From Bears To Zombies

[ Posted Friday, May 23rd, 2014 – 17:45 UTC ]

Before we begin, our sincere condolences to the George W. Bush family for the loss of former White House pet Miss Beazley, who died this week. As always, we are strictly non-partisan in our love for "First Dogs" and "First Cats," because we feel the president's (any president's) humanity can only be improved by having a pet to play with on occasion (the photo of Bush with Miss Beazley which accompanies that article shows exactly what we're talking about). As Harry Truman famously put it: "If you want a friend in Washington, get a dog." Our thoughts are with the Bush family in their time of loss.

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Friday Talking Points [304] -- Brain Damage

[ Posted Friday, May 16th, 2014 – 17:24 UTC ]

Karl Rove successfully manipulated the entire news media this week, so we are going to play along today. Rove's specialty is to take what could be considered a reasonable idea, and then twist it beyond recognition while dragging it through the swampiest mud he can dream up. Well, that's admittedly a terrible (and mixed) metaphor, but I think you get the general idea.

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The VRWC, ODS, And Now CDS?

[ Posted Wednesday, May 14th, 2014 – 15:39 UTC ]

Before there was what we now call "Obama Derangement Syndrome," there was the "Vast Right-Wing Conspiracy." This month seems to be now be marking a turning point, to perhaps what might be called a new and virulent "Clinton Derangement Syndrome." Or, more prosaically, what we're now seeing can be said to be the real start of the 2016 presidential election season.

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Friday Talking Points [303] -- Benghazi Frenzy!

[ Posted Friday, May 9th, 2014 – 17:13 UTC ]

What was even more noticeable was what Republicans shifted to instead: Benghazi! Or, more accurately: "Benghazi! Benghazi! Benghazi!" Yes, the Republicans are doubling down on holding yet another investigation -- in the hopes that this time an actual scandal will emerge, somehow. Also, to tarnish Hillary Clinton (always a worthy motive in Republicanland). Watch for this Benghazi frenzy to play out all summer long, since Republicans quite obviously have nothing positive to offer the voters this year.

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