ChrisWeigant.com

Archive of Articles in the "Economics" Category

Republicans' Refusal To Do Anything About The Border Costs Them A House Seat

[ Posted Wednesday, February 14th, 2024 – 16:59 UTC ]

The House seat once held by George Santos is back in Democratic hands once again, after an impressive 8-point victory in a special election last night. Once Tom Suozzi is sworn in, this will leave Republicans with a smaller majority, meaning Speaker Mike Johnson will only be able to lose two votes from his own party when passing purely partisan bills. This may not have that big an effect, since Johnson already struggles to pass partisan bills with the majority he's currently got (a bill on spying powers had to be pulled today, for instance, since Republicans can't agree among themselves over what to put in it). If Johnson had been wildly successful up to this point and his new smaller margin put that at risk then that'd be one thing, but the reality is the only bills he's been able to move with any chance of becoming law are ones with wide bipartisan support. Not much about that dynamic is actually going to change, even with one more Democrat in the chamber.

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The Nepo Baby Ad

[ Posted Monday, February 12th, 2024 – 17:01 UTC ]

Family dynasties have been part of the American political scene since the very beginning. Our second president was the father of our sixth president, the two differentiated only by the middle name "Quincy." The Bush family almost had three presidents, a father and two sons, but while two of them made it to the White House (differentiated only by the extra middle name "Herbert"), the third fell short. Al Gore, who ran against George W. Bush, was also the son of a national politician (of the same name, they were "Senior" and "Junior"). It happens a lot, in other words -- American politics and nepotism have gone hand-in-hand for centuries. But I have never seen such a blatant attempt by what is now known (disparagingly) as a "nepo baby" to benefit solely from his last name as the ad for Robert F. Kennedy Junior that ran during yesterday's Super Bowl.

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Friday Talking Points -- A Disservice To Actual Working Clowns

[ Posted Friday, February 9th, 2024 – 19:29 UTC ]

This was a very bad week for Republicans in Congress, pretty much all around. The Speaker of the House proved incapable of counting votes and thus saw two big defeats on the floor, and over in the Senate the Republicans cut off their noses (elephant trunks?) to spite their faces in a spectacular turnaround from their own basic bargaining position. GOP incompetence was on display on both sides of the Capitol, to put it bluntly.

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Friday Talking Points -- Rightwing Heads Exploding

[ Posted Friday, February 2nd, 2024 – 18:46 UTC ]

New monthly employment numbers were released today showing a surprisingly-high 353,000 new jobs were created in January. The stock market is currently setting new all-time highs. The American economy has recovered from COVID far faster and far better than all other major countries, in fact. Inflation has come back down, gasoline prices are down, and wages are up (growing faster than inflation). Signups for Obamacare hit another record this year (outpacing last year's record by five million!) and America has the lowest uninsured rate in history. Domestic oil production is also setting records. So what are conservatives obsessed with in reaction to all this good news? Taylor Swift. No, really....

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House Considers Actually Doing Something

[ Posted Tuesday, January 30th, 2024 – 17:10 UTC ]

Can the Republican House get anything at all done? That is a rather open question, seeing as how so far they haven't done much -- this has been the least productive Congress in at least the last half-century, maybe even more. And they've already unceremoniously booted out one speaker (which was unprecedented in American history) and they could easily decide to do so again. Which is why the next couple of weeks could be instructive.

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Friday Talking Points -- Staggering GOP Hypocrisy On Full Display

[ Posted Friday, January 26th, 2024 – 19:00 UTC ]

A staggering amount of Republican hypocrisy is now on full display in Washington. Pretty much ever since Joe Biden took office, Republicans have been screaming: "Border crisis! It's a crisis! This crisis needs immediate action!" This has been reinforced in an enormous way by the rightwing media echo chamber, who features the "Border Crisis!" storyline on a nightly basis for its audience. Scary images of border-crossers are shown, the word "invasion" is tossed about willy-nilly, and the fearmongering of immigrants is paramount.

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The Birth Of The Modern World

[ Posted Wednesday, January 24th, 2024 – 15:48 UTC ]

Few people will actually celebrate it, but today is the 40th birthday of the modern world. Because on this day, back in 1984, Apple Computers began selling the first Macintosh model. And thus 1984 was not like Nineteen Eighty-Four.

That's what the ad promised, at any rate. The television ad that introduced the Mac only ran nationally once (during the Super Bowl, no less), but it's still one of the most memorable ads of all time (which it should be, seeing as how it was directed by none other than Ridley Scott). This all seems entirely appropriate for the revolutionary product it was promoting. In the timeline of technological advancement in average people's lives, there was "before Mac," and then there was "after Mac" -- which is the world we all live in today. And it all started forty years ago.

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Other Things To Write About

[ Posted Tuesday, January 23rd, 2024 – 18:45 UTC ]

As I sit here watching the New Hampshire primary election results roll in, there don't seem to be any huge surprises developing yet -- most of the votes aren't in yet, so I suppose there's still time... but the chances are the headlines are soon going to be reading something along the lines of: "It's Over Almost Before It Began," as both Donald Trump and Joe Biden wrap up their respective nominations.

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Friday Talking Points -- The Changing Of The Vibes

[ Posted Friday, January 19th, 2024 – 17:54 UTC ]

President Joe Biden got some excellent news today: the "vibecession" seems to be over. For those unfamiliar with this neologism, the term was coined by an educator a while back to explain the disconnect between the economic reality (measured by all the economic indicators) and how people actually felt about the economy. The economy has been doing amazingly well in recovering from the COVID pandemic slump, while at the same time public perception has remained a lot gloomier.

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No Reason To Celebrate

[ Posted Thursday, January 18th, 2024 – 17:35 UTC ]

Breaking news from Washington: budgetary disaster has been averted, once again! The government will not partially shut down tomorrow at midnight, as Congress just successfully passed a continuing resolution through both houses which will keep funding the government until at least the first of March. And they even accomplished this feat one day early!

You'll have to forgive me if I'm not impressed. In the first place, they got it done a day early for an entirely self-serving reason: so they wouldn't be trapped in Washington by a giant snowstorm (scheduled to hit tomorrow). It's an open secret that Congress can indeed get things done very quickly when they really want to. However, they only ever really want to when their own free time is at risk, which is rather pathetic when you think about it.

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