ChrisWeigant.com

Archive of Articles in the "Economics" Category

Friday Talking Points -- Biden Helps 43 Million Americans

[ Posted Friday, August 26th, 2022 – 16:59 UTC ]

President Joe Biden keeps coming out with summer hit after summer hit. This week, he forgave up to $20,000 in student loan debt for 43 million Americans. That's a big win, even if some are desperately trying to convince parents across the country that it's somehow a bad thing that their son or daughter just had their student debt wiped out. Good luck with that, guys. Most Americans see this as a huge relief, even if they don't personally benefit. And most Americans see Republicans complaining about it as being seriously out of touch.

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The Wind Is At The Democrats' Backs

[ Posted Wednesday, August 24th, 2022 – 14:26 UTC ]

The wind is now at the Democrats' backs. The "red wave" everyone's been predicting for November may turn out to be no more than a pinkish ripple... or perhaps it won't even occur at all. Of course, we're still more than two months away from the election, and unexpected events could intervene, but right now everything seems to be moving in the Democrats' direction.

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Forgiving Student Loans Will Help Democrats

[ Posted Tuesday, August 23rd, 2022 – 15:07 UTC ]

President Joe Biden has always been a rather reluctant reformer of higher education, which is somewhat odd considering his wife works as a community college teacher. For example, during the 2020 Democratic primary race progressives such as Bernie Sanders were arguing for tuition-free college at all state-run colleges and universities. Biden was far more restrained, and said he favored only tuition-free college for two years of community college, which would have left out state university students entirely. The tuition-free community college idea was later included in Biden's Build Back Better plan, but that was before it hit the brick wall named "Joe Manchin." The concept didn't survive in the limited Inflation Reduction Act at all. Also during the primary campaign, the progressives were pushing for either outright cancellation of all student debt or forgiving at least $50,000 of debt per student. Biden was never on board with such sweeping proposals, and countered with his own idea of perhaps forgiving $10,000 in student debt. Which is what might just get announced tomorrow.

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Friday Talking Points -- Banana Republicans

[ Posted Friday, August 19th, 2022 – 16:51 UTC ]

President Joe Biden had a very good week the previous week, and he followed that up with another good week this week as well. A bill which is going to become one of the signature pieces of his presidential legacy passed the House last Friday, and on Tuesday Biden signed the Inflation Reduction Act into law. Perhaps we should call it "Biden's Obamacare," because it really is just as impressive a piece of legislation.

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Friday Talking Points -- Lock Him Up!

[ Posted Friday, August 12th, 2022 – 16:39 UTC ]

The irony is delicious, we cannot deny it. A man who rose to power by leading chants of: "Lock her up!" against his political opponent (for mishandling classified documents -- a man who later signed a law making the offense a felony with up to five years' prison time) is now in the process of being hoist by his own petard. So it's been a rather schadenfreude-y kind of week.

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Things Are Getting Better

[ Posted Wednesday, August 10th, 2022 – 14:22 UTC ]

As we head into the dog days of August, Democrats have finally gotten some good news to spread, out on the campaign trail. Legislatively, things are definitely looking up, after Joe Manchin and Kyrsten Sinema finally relented and allowed major portions of President Joe Biden's agenda to head to his desk. But it wasn't just the reconciliation bill, there has been a flurry of bills passing, from allowing Sweden and Finland into NATO to helping America's veterans who were exposed to toxic burn pits during their service. Democrats in Congress are showing that they can indeed get things done, with or without the help of the obstructionist Republicans. But the good news doesn't end there, because the economic picture is getting better as well.

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Now Get Out There And Sell It!

[ Posted Monday, August 8th, 2022 – 15:17 UTC ]

The day many of us thought would never happen is here. Senators Joe Manchin and Kyrsten Sinema finally allowed President Joe Biden and the entire rest of the Democratic Party to actually get some good things done. A budget reconciliation bill has -- almost miraculously and at the last possible second -- passed the United States Senate. The House is on vacation, but they're being forced to come back to Washington anyway for a vote this Friday on the Inflation Reduction Act. It should be on Biden's desk in time for a triumphant signing ceremony by the weekend. Victory is at hand.

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Friday Talking Points -- The Midterm Ground Shifts In Two Big Ways

[ Posted Friday, August 5th, 2022 – 16:37 UTC ]

There were two major events in politics this week which will have a profound effect on the upcoming midterm campaigns. The first was the stunning victory in the Kansas primary of the anti-forced-birth position on an abortion referendum -- which passed with a jaw-dropping 59-41 percent margin in a very red state. The second was Senate Democrats finally achieving unity by all agreeing to the "Inflation Reduction Act" budget reconciliation bill. Majority Leader Chuck Schumer has refused to let the Senate begin their month-long August vacation and is planning the first vote on the bill tomorrow, with all the other arcane floor events to follow, so the final passage could come early next week.

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The Political Earthquake In Kansas

[ Posted Thursday, August 4th, 2022 – 14:56 UTC ]

Kansas is not generally known for its earthquakes, but what happened there Tuesday night has had that effect on politics -- because it truly has shaken things to their core. For the first time since Roe v. Wade was overturned, people actually got to vote on the issue of abortion and women's rights. And the results were nothing short of astounding.

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We Need More Jon Stewarts

[ Posted Wednesday, August 3rd, 2022 – 17:13 UTC ]

Jon Stewart, a television comedian, just did an amazing and powerful thing. He actually caused Senate Republicans to feel shame.

In this day and age, that is a rarity. The Republican Party has been taught many bad habits by Donald Trump, but one of the worst of all is utter shamelessness, which I would describe (politically) as the inability of your fellow citizens' opinions to sway yours in the least. Trump's "come Hell or high water" attitude and his absolute refusal to ever admit he was wrong about the slightest thing (see: Sharpiegate, et al) has caused Republicans like Ted Cruz (a shameless politician if there ever was one, even before Trump appeared on the scene) to completely divorce themselves from public opinion. They will just insist that down is up, that black is white, and that everyone else in the world is wrong while they have a secret line to the absolute truth (with zero evidence to back it up, of course).

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