ChrisWeigant.com

Archive of Articles in the "Economics" Category

It Didn't Have To Be This Way

[ Posted Wednesday, December 16th, 2009 – 19:00 UTC ]

It didn't have to be this way. It really didn't.
The epic struggle for healthcare reform is entering its final days in Washington. And the Democrats (being Democrats) have managed to snatch political suicide from the jaws of legislative victory. But, I keep thinking, it didn't have to be this way. If [...]

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Friday Talking Points [104] -- Washington Frenzy

[ Posted Friday, December 11th, 2009 – 18:07 UTC ]

OK, sarcasm (and crocodile tears) aside, let's quickly move on to politics. The past week in Washington has seen somewhat of a frenzy of activity. So many things are getting done (or at least getting talked about) that it's almost impossible to keep track of everything. Whether this is a good thing or not depends on your point of view, of course.

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Assessing Reid's Healthcare Compromise

[ Posted Wednesday, December 9th, 2009 – 17:15 UTC ]

News broke last night that Senate Majority Leader Harry Reid has what he thinks is a viable compromise piece of healthcare reform legislation, which he thinks could garner the 60 votes he needs to pass the Senate. Unfortunately, details of this compromise have not been officially announced, and Harry is waiting to get numbers from the Congressional Budget Office (C.B.O.) before releasing the text. So, while an accurate assessment of the bill is impossible at this point (since it's like trying to nail smoke to a wall), we can at least begin to look at what is taking shape, based solely on the rumors and leaks in the press so far.

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Random 2010 Thoughts

[ Posted Monday, December 7th, 2009 – 18:42 UTC ]

As 2009 draws to a close, the politically wonky among us begin to turn our eyes towards the 2010 election landscape. Congressional midterm elections will be taking place less than a year from now, meaning (while some might consider it laughably premature) it is time to pay some attention to the upcoming races.

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Friday Talking Points [103] -- Just Do It!

[ Posted Friday, December 4th, 2009 – 18:18 UTC ]

We do offer a heartfelt apology for the silliness of our opening segment. We make a solemn promise that such silliness will not appear in these hallowed pages ever again... once such silliness disappears from both politics in general, and the media's obsessive lunacy. Once silliness is absent from both of those, we'll never resort to it again, how's that?

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Obama Poll Watch [November 2009] -- Scraping Fifty Percent

[ Posted Wednesday, December 2nd, 2009 – 16:49 UTC ]

But, by doing so, his approval numbers continued their gradual slide downwards this month. And, although not reflected in our once-a-month snapshot, the truly worrisome thing for the White House is that for the first time, Obama's numbers flirted with going below 50 percent. This isn't an enormous deal (as, for instance, going below 40 percent would be), but it is still a big red flag to politicians, because it means you don't have the job approval of over half of the public.

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On Whores

[ Posted Wednesday, November 25th, 2009 – 18:12 UTC ]

Because some in Washington have apparently latched onto these terms either as a favorite insult to hurl, or as a faux-controversy (while giving Oscar-worthy performances of having the Victorian vapors over hearing the words). Following close behind are charges of "sexism" and "insensitivity" and probably a few other "-isms" to boot.

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War Tax A Good Idea

[ Posted Tuesday, November 24th, 2009 – 17:45 UTC ]

The idea itself is a basic one -- pay for the costs of war now, instead of endlessly borrowing money in order to do so. A few weeks ago, the White House leaked an interesting factoid -- it costs one million dollars to put one U.S. soldier in Afghanistan for one year. This is a nice round number, and gets people to think about the war in a new light -- how much it costs.

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Democrats Now "All In" On Healthcare Reform

[ Posted Monday, November 23rd, 2009 – 16:56 UTC ]

For those of you not conversant in the language of gambling, allow me to explain. When you have a good poker hand you start raising the betting until, at some point, you are said to be "pot committed." This means you've invested such a major portion of your available chips in that hand's kitty (or "pot") that folding is no longer an option for you -- because it would leave you too weak to effectively continue playing. But if another player is equally as confident about their hand, a bidding war will ensue. And, at some point, you just decide the heck with it and push all your chips into the pot. You know that if you lose this hand, you'll effectively be sidelined in the game anyway, so you might as well win as much as you can in the current pot... if the cards turn up in your favor. That's a big "if," though -- because if you lose, you're out of the game. It's a bold and risky move, but one that can pay off in a big way.

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Friday Talking Points [102] -- Harry Reid's Glacial Progress Grinds On

[ Posted Friday, November 20th, 2009 – 18:28 UTC ]

Our illustrious (cough, cough) White House press corps showed it could get to the bottom of a story with impressively journalistic and probative skills this week. The story that so obviously required multiple questions to President Obama on his trip to Asia? Whether he's eating enough, and whether he's losing weight. Oh, and his gray hair.

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