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Archive of Articles in the "Economics" Category

Next Up: Georgia And Texas

[ Posted Monday, May 23rd, 2022 – 16:37 UTC ]

As we continue to wend our way through primary season, we now turn to the two states with the most interesting races to be decided tomorrow: Texas and Georgia. Georgia is more interesting on the Republican side, while there's one Texas race that Democrats will be closely watching.

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Friday Talking Points -- The Blunderful Blizzard Of Oz

[ Posted Friday, May 20th, 2022 – 17:55 UTC ]

We were reminded of the whole Wonderful Wizard of Oz metaphor early this week, when we saw Mehmet "Dr." Oz at a last-minute Pennsylvania campaign rally, holding up his smartphone to the crowd, as the disembodied voice of the great MAGA Dear Leader bellowed forth bombast and nonsense to the crowd. All it needed was some smoke and fireballs at the sides of the stage, really. It seemed to us (but then we do have a rather warped sense of humor...) that Oz was begging the crowd to please pay lots of attention to the man behind the curtain.

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A Good Night For Progressives

[ Posted Wednesday, May 18th, 2022 – 17:10 UTC ]

The progressive wing of the Democratic Party had a pretty good night in last night's primaries. It wasn't a complete sweep, but there was a lot more positive news than negative, for once. The big-money establishment Democrats were soundly defeated in a number of races, some of them in very blue House districts -- meaning the progressive is almost certain to win in November. Not every race is going to be a cakewalk, but at this point the Democrats' chances look pretty good.

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Passion Versus The Establishment In Pennsylvania

[ Posted Monday, May 16th, 2022 – 16:27 UTC ]

It now looks like tomorrow's Senate primaries in Pennsylvania might just set up a very interesting race in November's general election. Because it is looking like we might wind up with two very passionate and non-conventional "from the people" nominees, one from the left and one from the right. So we will finally get to see a race in a very purple state (which could easily go either way in November) with a contest between a true MAGA and a real progressive, both willing to get down and dirty fighting for what they believe.

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Friday Talking Points -- Overreach And Backlash

[ Posted Friday, May 13th, 2022 – 16:43 UTC ]

Of all the different types of cycle that exist in politics, the one of overreach and backlash is one of the most interesting. We may be about to see one of these cycles happen in very accelerated fashion (since it usually takes years or even a few subsequent elections to fully materialize), although since we're at the beginning of the cycle it is impossible to now know how it will all play out.

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"Ultra-MAGA"? Really?

[ Posted Tuesday, May 10th, 2022 – 14:58 UTC ]

President Joe Biden has rolled out a new moniker in the political lexicon: "ultra-MAGA." Unfortunately, this is probably a branding misstep, because while it is rather descriptive of the phenomenon Biden is trying to draw attention to (being a fanatical adherent of Donald Trump's "Make America Great Again" philosophy), it seems more like a positive term a supporter would come up with rather than a slur an opponent would use. So far, I haven't seen either Donald Trump or any other Republican fully embrace the term, but it seems like it's only a matter of time before they do.

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Friday Talking Points -- Time To Get Angry, Democrats

[ Posted Friday, May 6th, 2022 – 18:02 UTC ]

Intraparty, Republican-on-Republican violence aside, however, this was really a one-story week in Washington.

That story was the immense scoop of Politico publishing an almost-100-page draft opinion from Supreme Court Justice Samuel Alito. This is virtually unheard of -- such a major leak from the Supreme Court. But it's easy to see why someone decided it was time to tell the public what was about to happen.

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Friday Talking Points -- Um... Madison Cawthorn Getting Naked In Sweden?

[ Posted Friday, April 29th, 2022 – 17:17 UTC ]

As we write this, everyone inside the Beltway is getting ready for the upcoming White House Correspondents' Dinner, which President Joe Biden has said he will be attending (after a hiatus of presidents attending due to COVID and, earlier, due to Donald Trump having incredibly thin skin). But, as usual, our invitation seems to have been lost in the mail or something. Ahem.

We are excited with a sort of "something good is about to happen" feeling, however, because the House Select January 6th Committee has finally announced a preliminary schedule for public hearings. Here's the story (as it stands so far):

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Contemplating Divided Government [Part 2]

[ Posted Thursday, April 28th, 2022 – 16:59 UTC ]

If Republicans do take control of both chambers of Congress, the margin of control in each will be the most important variable. In the Senate, the margin will likely be fairly close, but nobody really knows what it might be like in the House. If Republicans have a blowout House election season and pick up dozens and dozens of seats, this will almost certainly make Kevin McCarthy's job a lot easier; but if the margin is tight (maybe not quite as tight as the one Nancy Pelosi has been dealing with, but perhaps within 10 or 15 votes) then any faction bigger than the margin will be able to dictate its own terms -- as the Tea Partiers proved, the last time this happened.

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Contemplating Divided Government [Part 1]

[ Posted Wednesday, April 27th, 2022 – 15:06 UTC ]

As distasteful as it may be, it seems like a good time to consider what divided government next year would look like, and what might happen in such a scenario. Of course, nobody knows what the outcome of the midterm congressional election will be, and as Ukraine should have taught us, sometimes crises pop up that aren't a part of the American political cycle at all. So we have no idea right now what the most important issue facing the voters will be in November. It could very well be something that isn't even on anyone's radar at the current moment. But just for the sake of argument, let's assume that Republicans win control back of both the House and the Senate. This would give President Joe Biden a hostile Congress for the remaining two years of his first term.

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