ChrisWeigant.com

Archive of Articles in the "Economics" Category

The Wisconsin Backlash

[ Posted Tuesday, April 14th, 2020 – 16:37 UTC ]

One week after an entirely unnecessary and dangerous in-person election in the midst of a deadly pandemic, the Wisconsin vote totals were announced. And the result was surprising, because it seems there was a backlash against the heavy-handed Republican tactics which forced the election to go forward against all common sense. I guess voters don't appreciate being put in danger for one party's political advantage.

Wisconsin Republicans wanted the election to go forward for one simple reason: they thought that the lower the turnout, the better the result would be for them. In particular, one of the state's conservative supreme court justices was up for re-election, and they thought he'd win if they could just suppress enough Democratic votes. Well, the results are in, and they were wrong -- the liberal challenger handily won the race. This is only the second time in a half-century that an incumbent didn't win re-election, it's worth pointing out. And Wisconsin is a key state in the presidential election in November.

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Trump Can't Rescind An Order He Never Gave

[ Posted Monday, April 13th, 2020 – 16:14 UTC ]

Donald Trump seems determined to reopen the country for business on the first of next month. For a while, the media kind of went along with the fantasy that there was a giant "on/off" switch in the Oval Office that, when thrown by Trump, would immediately put all Americans back to work and fully restore the economy. This was never really true, and now they've finally woken up and realized it. Trump is not king, and we have no royal edicts in this country. It just doesn't work that way. In fact, President Trump has been incredibly reluctant to offer any sort of federal top-down leadership at all during the crisis, from largely refusing to take charge of the supply lines to refusing to issue a nationwide "stay-at-home" order. Because of his absolute abdication of leadership, individual state governors had to step in and fill the gaping void. Which now means that they are the ones in charge of making the decision as to when we should all get back to work. Trump, to be blunt, cannot rescind an order that he never gave.

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Friday Talking Points -- Worst President Ever

[ Posted Friday, April 10th, 2020 – 17:26 UTC ]

In times of crisis, America looks for leadership. This means they want to be told the truth, they want to see the president and those around him working as hard as they can to improve things for everyone, and they want to see mistakes quickly rectified and problems that pop up addressed and ultimately solved. Sadly, though, we are getting none of this from President Trump.

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The Cowardice Of Their Convictions

[ Posted Thursday, April 9th, 2020 – 16:26 UTC ]

The Republican Party has now been reduced to being so deathly afraid of the unpopularity of their political agenda among the electorate at large that they are now openly admitting that the only way for them to win elections is to suppress as many votes as possible. This is the exact opposite of "having the courage of your convictions," folks. Republicans are quaking in fear of the efforts to expand voting to make it easier and (much more important) safer for everyone, because they think they'll lose if that happens.

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From The Archives -- Thank You, Bernie

[ Posted Wednesday, April 8th, 2020 – 15:34 UTC ]

In the intervening four years, much has happened, of course. Bernie now is the leader of a solid movement within the Democratic Party, and fresh new Progressive faces have indeed appeared on the scene. With Donald Trump in the White House, much of Bernie's agenda remains unfulfilled. But the biggest change of all is that Bernie Sanders has personally shifted the "Overton Window" in politics, and now his proposals are seriously discussed by people and politicians who previously scoffed at them (or worse). That is progress. Almost all of Bernie's ideas are not "radical" -- they poll incredibly well with the public, which is the very definition of "mainstream." They may have seemed radical to a Democratic Party emerging from two decades of centrist thinking and Wall Street appeasement, but they weren't radical to the voters. Now the politicians are beginning to catch up to all these mainstream ideas. That is more than progress, that is an enormous achievement.

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Friday Talking Points -- Down The Memory Hole

[ Posted Friday, April 3rd, 2020 – 18:15 UTC ]

From time to time, we occasionally use the word "Orwellian" in our writing, usually to describe some governmental action or individual who seems to have stepped straight out of George Orwell's classic dystopian novel Nineteen Eighty-Four. Today, this term seems more appropriate than perhaps any other time we've ever been moved to use it. You be the judge. Here is the original text from the novel, explaining the protagonist Winston Smith's use of "memory holes" at the Ministry of Truth:

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Americans Rediscover Shared Sacrifice

[ Posted Thursday, April 2nd, 2020 – 17:16 UTC ]

Americans are newly discovering their ability for shared sacrifice in the name of the good of all. Now, this isn't universal -- disasters tend to bring out both the best and the worst in us, it seems -- but it is pretty close to universal in the areas hardest hit. Life has changed, in major ways. Daily routines have been obliterated. We all have to protect ourselves and in doing so protect each other as well. This has meant radical changes in the way we interact with each other which will likely be with us for months, if not years. What I find interesting is that we're shouldering the burdens -- so far -- about as well as can be expected.

I'm not talking about the politicians and the other people in charge of the response -- for once, this isn't a political column. I'm talking instead about average people and how they've been reacting and changing as a result of the pandemic. Because America just hasn't seen this sort of widespread change in attitude for a very long time -- perhaps since World War II.

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April Is The Cruelest Month

[ Posted Wednesday, April 1st, 2020 – 16:35 UTC ]

"April is the cruelest month" begins T. S. Eliot's famous poem "The Waste Land," which is why it seems particularly appropriate to quote right now. You'll doubtless be hearing this line again throughout the month, for obvious reasons. But while contemplating the impact of the coronavirus pandemic during April is indeed beyond sobering, what we should all be hoping for is that Eliot's line does indeed prove prophetic. Because the alternative is even worse -- that April will only be a preamble to even worse news in May and beyond.

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Friday Talking Points -- We're Number One (Hundred Thousand)!

[ Posted Friday, March 27th, 2020 – 18:12 UTC ]

We're number one! Well... number one hundred thousand and climbing, at any rate....

Yesterday, the United States of America took the lead on the world stage, but not in a good way. We're now the most-infected nation on the planet, and are now the number one epicenter of the COVID-19 coronavirus outbreak. Today, the number of cases in this country surpassed 100,000 -- a grim milestone indeed. We still have a ways to go before we are the country with the most deaths from the disease, but at the rate we're going that won't be long either.

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Unemployment Figures Even Worse Than They Look

[ Posted Thursday, March 26th, 2020 – 17:06 UTC ]

The Department of Labor just announced a rather staggering number -- almost 3.3 million new unemployment insurance claims nationwide in the past week alone. That sets a grim new record for this one-week statistic, far outpacing any previous spike (it's never even gone above one million before, ever). But this record is almost certain to be a huge undercount, which means that next week could be much worse. And by the time they get around to releasing the adjusted numbers (which usually takes a few months) which show the actual reality of the situation, we'll all have moved on.

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