ChrisWeigant.com

Archive of Articles in the "Economics" Category

No Trump "Truths" Has Consequences

[ Posted Monday, April 4th, 2022 – 15:09 UTC ]

I can't believe I'm about to do this, but this is a column offering some free and helpful advice to Donald Trump.

No, really -- it's not an extended April Fools joke, I swear!

What inspired me to write some political advice for the former president was watching how his fledgling social media platform Truth Social seems to be going down the tubes. Launched in February (on Presidents' Day) it soon became a very popular download -- but that's where the success story ended. Because downloading the app (onto your Apple phone, since there is still no version for the Android yet) didn't get you in. People were put on a wait list with hundreds of thousands of people in front of them. Which is where they'd stay for weeks and weeks. The waitlist is now reportedly up to over 1.4 million. When people finally did make it onto the platform, there wasn't much of anybody there to talk to.

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Will Rare Earths Be Supported In Biden's D.P.A. Order?

[ Posted Thursday, March 31st, 2022 – 16:40 UTC ]

President Joe Biden has just announced he will be using the Defense Production Act of 1950 to support the mining of some critical minerals, to ensure that America produces more of these elements that are necessary for the high-tech world we live in. This is important, as we've all seen the automobile industry struggle to build cars when things like computer chips are in short supply. The scarcity of one product (or even one element of one product) has ripple effects throughout all sorts of supply chains. It's not just cars, either -- the biggest thing Biden's new order addresses is the minerals needed for the batteries which power hundreds of millions of the devices which are now almost necessary for modern life. But I have to wonder whether this is going to include rare earth elements -- because it really should.

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California Has Too Much Money

[ Posted Monday, March 28th, 2022 – 15:46 UTC ]

That headline isn't a judgment in any way, nor is it a metaphor or pun or even a boast. It's the literal truth -- California's state government has too big a budget surplus. They've got too much money, and the only question is what to do with it. This may sound strange, since governments normally don't fret about having too much in their coffers, but there is a 1970s-era state law that says that they're going to have to send some of it back to the taxpayers. So that's what the politicians in Sacramento are now arguing about -- how to rebate this money and to whom.

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Friday Talking Points -- The Circus Comes To Town

[ Posted Friday, March 25th, 2022 – 18:07 UTC ]

Lo, how far the moralistic mavens of the Republican Party have fallen! They keep attempting to take the moral high road so they can piously point out all the failings of their political opponents in this realm... but they keep being undermined by fellow Republicans who have embraced the new amoralism Donald Trump ushered in to the GOP.

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Friday Talking Points -- A Wrinkle In Time

[ Posted Friday, March 18th, 2022 – 17:19 UTC ]

Something rather astonishing happened on Capitol Hill this week. The Senate passed a bill by unanimous consent, acting with such blinding speed that some senators weren't even aware of what was happening. Contrast this to the Senate's usual modus operandi, which is for things to move so slowly that a glacier would be seen as zipping along by comparison. Arcane parliamentary procedures are routinely used to gum up the legislative works, which often leads to nothing at all happening -- after spending enormous amounts of time and energy in the attempt.

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The Return Of Earmarks

[ Posted Monday, March 14th, 2022 – 15:58 UTC ]

Earmarks are back! After 11 years in the political wilderness, the budgetary tactic has returned to Capitol Hill. This means that individual members of Congress were once again able to reserve chunks of money in the massive omnibus budget bill that passed last week. The practice was largely seen as completely out of control back in 2010 and became a rallying cry for the Tea Party movement and Republicans in general, which led to a complete ban on the practice in Congress. That ban has now been lifted, and this is the first budget that includes earmarks to pass in over a decade.

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Friday Talking Points -- A Long Two Years And A Long Two Weeks

[ Posted Friday, March 11th, 2022 – 18:23 UTC ]

Let's start with some good news this week, because we could all use some, right? Two years ago today Tom Hanks announced to the world he had contracted COVID-19, on the same day that the virus people were then largely calling "the novel coronavirus" was declared a pandemic by the World Health Organization. This was when it all hit home for many -- that this could quite possibly be a very big deal indeed, even though the president of the United States was desperately trying to get the American public to believe otherwise. Salon provides a good rundown of what we all went through next:

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Pain At The Pump Popular... For Now

[ Posted Tuesday, March 8th, 2022 – 16:34 UTC ]

President Joe Biden announced today that he was banning Russian oil and gas from the American marketplace. This is a wildly popular position to take and is supported not only by politicians across the political spectrum but also by an overwhelming majority of the American public. We all see the horrific scenes of death and destruction caused by Vladimir Putin and the thought that we are funding that in any small way when we fill up our cars is abhorrent to many. At least, that's the case right now.

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Saner Minds, Hopefully

[ Posted Monday, March 7th, 2022 – 17:31 UTC ]

With the world in a very dangerous place after Russia's invasion of Ukraine, the one thing just about everyone worldwide hopes is that saner minds will prevail. There are always plenty of hotheads and madmen in the midst of a crisis, but we can all certainly hope that the cooler heads will win out in the end.

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Friday Talking Points -- Biden Speaks, The World Listens

[ Posted Friday, March 4th, 2022 – 17:43 UTC ]

This week, President Joe Biden gave his first State Of The Union speech to the United States Congress, to the American people, and to the rest of world. This speech had to be hastily rewritten at the last minute, obviously, due to intervening events. Russia's Vladimir Putin invaded Ukraine at the end of last week, which was obviously a lot more important than any political points or laundry lists of proposed legislation. So the speech got a quick makeover.

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