ChrisWeigant.com

Archive of Articles in the "Economics" Category

What The Republicans Will Do If They Win

[ Posted Wednesday, October 19th, 2022 – 14:40 UTC ]

Republicans have always had a good chance of winning at least one house of Congress in the upcoming midterms. As things stand, it looks a lot more likely that they'll take control of the House, but they could also win the Senate. So what would they do if they did win control of either one or both houses? Probably not a whole lot, in terms of substantive legislative goals, since Joe Biden will still be sitting in the White House (with a veto pen at the ready). But Republicans aren't really campaigning on substantive legislative issues much anymore, because they have followed the lead of their base and are much more interested in style over substance. What we can definitely expect from a Republican Congress is spleen-venting, and lots of it.

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Loudly Proclaim A Very Big Deal

[ Posted Monday, October 17th, 2022 – 16:30 UTC ]

OK, I can't resist, so let's start off with: "Hear ye, hear ye! President Joe Biden has successfully gotten rid of an outdated and unnecessary rule, which will save millions of people thousands of dollars each." How's that for some good news to start the week? From now on, anyone will be able to walk into a drug store and buy a hearing aid over the counter. No doctor's appointment or prescription will be required.

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Friday Talking Points -- Will Trump Take The Bait?

[ Posted Friday, October 14th, 2022 – 16:29 UTC ]

Maybe he'll actually take the bait, who knows?

Maybe Donald Trump's planet-sized ego and rampant unbridled narcissism will convince him that there just is no possible downside to testifying in front of the January 6th House Select Committee. This isn't just idle speculation, as hours after yesterday's hearing New York Times reporter Maggie Haberman posted the following (which has since been similarly reported in multiple media outlets):

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Friday Talking Points -- Biden Walks Back The War On Weed

[ Posted Friday, October 7th, 2022 – 16:45 UTC ]

We were reminded of an old political saying this week: "Only Nixon could go to China." Only a president who was long known as a staunch anti-communist warrior could open up American relations with communist China in the depths of the Cold War, without being painted as some sort of pinko/commie back home. This week's update might read: "Only Biden could pardon weed crimes." Joe Biden, before he became Barack Obama's vice president, had spent much of his life in the Senate being the biggest, baddest drug warrior around. He actually coined the term "drug czar" and worked with the Reagan administration to make the Office of National Drug Control Policy a reality. He's never been pro-legalization in any way, a fact that didn't exactly help him in the 2020 Democratic primaries. But there he was yesterday, taking the first steps away from the War On Weed that any U.S. President has ever taken.

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Friday Talking Points -- The Calm After The Storm

[ Posted Friday, September 30th, 2022 – 17:00 UTC ]

We've long thought that America is at her best when disaster strikes. We've thought this since the massive 1989 Loma Prieta earthquake, in fact, which we rode out in San Francisco. And we saw firsthand that when life is disrupted, it is disrupted equally. Everyone is affected, so everyone puts aside all their differences and just pitches in to help in the immediate aftermath. Maybe this is a rosy-tinted view, but it still holds mostly true.

Case in point is Hurricane Ian, which just devastated Florida and seems on its way to devastate the Carolinas next. Ian has been one of the biggest hurricanes in American history already (fifth-largest, from one news report) and we haven't even begun to comprehend the scope of the damage or how long it will take to recover from it. The damage isn't even over yet, and most of the East Coast will at least get some heavy rains before Ian disintegrates.

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Joe Manchin Gets His Comeuppance

[ Posted Wednesday, September 28th, 2022 – 15:37 UTC ]

A U.S. senator just got his comeuppance this week, and it really couldn't have happened to a more deserving guy. Senator Joe Manchin was forced to pull his pet bill (that would have greenlighted a pipeline in West Virginia), due to lack of bipartisan support. Because he backed down, the government now appears to be in no danger of shutting down this Friday. Both the Senate and the House appear to be on a glide path to passing a short-term budget deal that will kick the "government shutdown" can down the road to mid-December, at the end of the lame-duck Congress. So all around, it's good news: the government will continue to be funded, and Joe Manchin has now gotten a taste of his own medicine.

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Friday Talking Points -- Trump's "Secret Telepathic Unilateral Preemptive Irreversible Declassification" Defense

[ Posted Friday, September 23rd, 2022 – 17:26 UTC ]

We do try to avoid it in general, but this week it is impossible not to lead our news wrap-up with the ongoing Donald Trump Follies. Spoiler alert: it wasn't a very good week in Trumpland.

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Which Hunt?

[ Posted Wednesday, September 21st, 2022 – 15:44 UTC ]

Today Letitia James, the attorney general of New York, announced a civil case against Donald Trump, three of his children, and the Trump Organization. This stems from a long investigation into fraud committed by the company, mainly tax fraud and bank fraud. It is the first actual legal case against Trump that has been announced, and his reaction was entirely predictable -- calling the whole thing a "witch hunt." But this isn't the only legal problem Trump faces, even if it was the first out of the gate. Trump could soon be looking at criminal charges in more than one jurisdiction and for more than one crime. So the real question is which hunt has the best chance of succeeding?

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The Lame Duck Will Be Busy

[ Posted Monday, September 19th, 2022 – 14:34 UTC ]

The lame-duck Congress, which will take place from just after the midterm election to the end of the calendar year, is shaping up to be a rather busy one. This isn't too unusual, since punting things to the lame-duck period is always a tempting option for politicians worried about their re-election. But this year's lame duck might be more significant than most, because of what is being teed up for it. They'll only have two months to act on all of it, minus all the breaks they'll take for the November and December holidays. And it looks like they'll have a lot to get done.

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Friday Talking Points -- Ukraine, Trains, And Lindsey Graham

[ Posted Friday, September 16th, 2022 – 17:13 UTC ]

We fully admit that headline isn't really close enough to the original to trip off the tongue very well. But we're in an optimistically cheerful mood, so we're not going to change it.

These were really the three big political stories of the week. Last weekend saw the culmination of an incredible performance by the Ukrainian military. Within a week, they had retaken over 2,000 square miles of their country, as the Russian invading forces mostly just fled. That is beyond impressive, and may prove to be a real turning point in the whole war.

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