ChrisWeigant.com

Archive of Articles in the "Economics" Category

Max Baucus Has Only Himself To Blame

[ Posted Monday, October 12th, 2009 – 15:28 UTC ]

The big news today on the healthcare reform front is the health insurance industry attacking such reform by releasing an industry-written report, one day before Senator Max Baucus' committee is (finally) scheduled to vote on their version of a healthcare reform bill. The report, from America's Health Insurance Plans (an industry group), has already been called a "hatchet job" by Democrats, because the industry is threatening to raise the average premium for health insurance by 110 percent -- more than doubling out-of-pocket costs for American families. A spokesman from the AARP shot back: "I really don't think [the AHIP report is] worth the paper it's written on." A spokesman for Senator Baucus fumed: "It's a health insurance company hatchet job, plain and simple."

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Friday Talking Points [97] -- Is Opt-Out The Answer?

[ Posted Friday, October 9th, 2009 – 17:59 UTC ]

I speak, of course, of the new healthcare reform compromise idea being batted about over in the Senate. Trying to build a bridge between the public-option-supporting Progressive Democrats and the fiscally-conscious Blue Dog Democrats was always going to be the Grand Compromise which had to be forged to pass a bill. Various ideas have been floated to build this Compromise Bridge (my metaphors seem to be getting all mixed up today), which all eventually collapsed into the metaphorical chasm below. The "trigger" option, where a public option would be in the law but wouldn't activate unless a "trigger" was pulled at some later date was probably the most-talked about plan prior to this, mostly because it was the favorite of the only Republican who actually may vote for healthcare reform in the Senate. The "co-op" plan, which will be in the bill Max Baucus' committee votes on (Um, guys? Weren't you supposed to have voted this week? I'm just saying...), has also been declared a non-starter.

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Republican Leaders Join In Honoring New Rotunda Statue Of Radical Socialist Woman

[ Posted Wednesday, October 7th, 2009 – 13:38 UTC ]

There are sins of commission in the way we're taught American history as children -- such as the fable about George Washington chopping down the cherry tree (which never actually happened). Then there are the much more prevalent sins of omission -- which conveniently gloss over the parts of American history which we have to "protect the children" from learning about. The reason I preface this column with such an observation is because a woman -- whose name we all know -- was honored today by the unveiling of her statue in the United States Capitol's Rotunda. Democratic Speaker of the House Nancy Pelosi was on hand for this ceremony, as was Senate Majority Leader Harry Reid. But the astonishing thing (to me) was that Republican leaders Mitch McConnell and John Boehner were also on hand, as well as the Republican governor of the very red state from whence this woman came. This state has honored the woman before, when it selected her to be their representation on their own state quarter. But the truly astonishing thing is that this woman not only helped found the A.C.L.U., but also was a radical and revolutionary Socialist, a fan of the Soviet Union and Lenin, a member of the Industrial Workers of the World (the "I.W.W.", or the "Wobblies"), and an ardent foe and critic of capitalism. Not the type of woman usually honored by Republicans, you might think. But, in a glaring sin of omission committed by history teachers across this great land (and repeated by politicians even now), the only story we all know about her is of the daunting odds she overcame in her childhood. We're all familiar with this shared story, but it abruptly ends when she becomes an adult. All the parts about the raging Socialist she later became are conveniently swept under the rug.

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Majority Of Populist Caucus Supports Public Plan

[ Posted Tuesday, October 6th, 2009 – 16:38 UTC ]

[Program Note: I'm reproducing a press release today, instead of writing a column, so I hope you'll forgive my laziness. But while it is tempting to take the salient facts and quotes from the press release and make it appear as if I dug this story out on my own, I think it's more honest just to reprint the press release itself. Some might call it mere stenography, but I'd prefer my readers to draw their own conclusions. Having said all that, below is the press release from Populist Caucus Chair Bruce Braley's office, followed by the text of the letter they signed their names to (complete with a list of those who signed it).]

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Friday Talking Points [96] -- The Impressiveness Of Alan Grayson

[ Posted Friday, October 2nd, 2009 – 16:44 UTC ]

It's this. Very simply -- it's a very simple plan. Here it is. The Republicans' health care plan for America: "Don't get sick." That's right -- don't get sick. If you have insurance, don't get sick; if you don't have insurance, don't get sick; if you're sick, don't get sick -- just don't get sick!

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The Republican Playbook For The Midterms

[ Posted Thursday, October 1st, 2009 – 16:10 UTC ]

Democrats may be blindsided by the whole debate, unless they start thinking about it now. Because they can be out there saying "things are great!" but unless they prepare for an onslaught of a perennial Republican refrain ("tax-and-spend Democrats!"), then Democrats run the risk of appearing all over the map on the tax issue at precisely the time when voters are making up their minds whether to send them back to Washington or not. The smartest thing they can do, at this point, is to keep calling them the "Bush" tax cuts, to remind everyone of what they did to the economy. But next year, whether they like it or not, Democrats are going to actually have to take a stand on higher taxes for rich people. If they don't figure that out now, they're in for a rude surprise next year.

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Washington Post Looking For "America's Next Great Pundit" -- Could It Be You?

[ Posted Wednesday, September 30th, 2009 – 16:51 UTC ]

The Washington Post, one of the leading newspapers in the country, has announced on its website a contest to name "America's Next Great Pundit." In an enticing blend of reality television contests and print journalism, they are going to run a contest to see who deserves to be printed on their op-ed pages, on the sheer strength of writing. I heartily applaud this innovative effort -- even though I seem to be ineligible to enter. I also applaud anyone who reads this who might normally be inclined to write me a comment, and who instead decides to write an entry to the contest. Because you could be "America's Next Great Pundit." The winner receives a 13-week run for a weekly column, paid at $200 a pop. That's not the million-dollar prize reality TV routinely awards, but the newspaper industry is hurting, so you've got to make allowances. Kidding aside, it's not really the money anyway -- it's the prestige they're offering. But, since I've been an advocate for newspapers to do exactly this sort of thing for a while now, I have to cheer the Washington Post for their outside-the-box thinking.

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The "V" Word

[ Posted Tuesday, September 29th, 2009 – 16:27 UTC ]

So make of it what you will. Gibbs never even uttered the "V" word. But it's heartening to see the White House start to mildly threaten the use of the veto. This is an extraordinarily powerful arrow in the Executive's quiver, and one that they've been much too reluctant (in my opinion) to pull out. Now (extending this Robin-Hood-esque metaphor far further than I probably should), Gibbs didn't take the arrow out, nock it, and draw back his bow's string (much less aim it at anyone in particular). He merely reached over his shoulder, fingered the fletching of the veto arrow, and pulled it two inches out of the quiver -- before letting it drop back in.

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Friday Talking Points [95] -- A Call To Action

[ Posted Friday, September 25th, 2009 – 17:29 UTC ]

"Now is the time for all good men to come to the aid of the party."
Of course, this really should be (in today's inclusive society): "Now is the time for all good men and women to come to the aid of the party." But what it really should say is something more like: "Now [...]

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House And Senate Progress On Healthcare Reform

[ Posted Thursday, September 24th, 2009 – 16:38 UTC ]

The horse-trading has begun in earnest on the healthcare reform front in Congress. The sausage-making currently going on in the House and Senate has somewhat of a "through the microscope" quality to it, but it's interesting to highlight a few stories from this week for a peek into what the final legislation may look like. This will, necessarily, be an incomplete look, so I warn you in advance there won't be any sweeping conclusions at the end of the article. Consider it merely a snapshot of where things stand this week. Or two snapshots, since we'll look at each house separately.

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