[ Posted Monday, February 23rd, 2009 – 17:23 UTC ]
Is President Barack Obama going to actually follow through on a vague promise he made on the campaign trail -- to fix the inherent unfairness of Warren Buffett paying a smaller percentage of his income in taxes than his secretary does? Call it the Buffett Conundrum: multimillionaires (and even some multibillionaires) pay less than half the tax rate as the employees who work for them (who make far less in income). But now, Obama has leaked his first budget outline, and it appears he is serious about attempting to fix this tax policy travesty.
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[ Posted Friday, February 20th, 2009 – 18:38 UTC ]
We'll get to Rick Santelli, his CNBC rant, and the White House's reaction in a bit, I promise. But I've got to start with a rant of my own, over what just happened with California's budget. Feel free to skip to the next section if you'd like, but the issue could have national implications.
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[ Posted Friday, February 13th, 2009 – 18:05 UTC ]
About a week ago, White House press secretary Robert Gibbs got off a good line about the progress of the stimulus package: "The sausage race is the beginning of the next inning. So just stay tuned." This was about halfway through the bill's legislative process. Not only did he declare an opening to Baseball Metaphor Season, he also rather ingeniously alluded to Otto von Bismarck's well-known warning that the public should not look too closely at how laws and sausages are made.
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[ Posted Wednesday, February 11th, 2009 – 17:57 UTC ]
Barack Obama is our first post-baby-boom president. He was supposed to usher in a new era, where we wouldn't have to fight the social battles of the 1960s all over again. Instead, we are now apparently going to fight the battles of the 1930s.
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[ Posted Tuesday, February 10th, 2009 – 16:51 UTC ]
The Huffington Post is today reporting that Democratic Representative Bruce Braley will (later this week) be announcing the formation of the Populist Caucus in Congress. The group will initially have 21 members, all House Democrats. From the full article:
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[ Posted Monday, February 9th, 2009 – 18:04 UTC ]
This is an outrage. To put this in perspective, this is more money than the annual budget for the Department of Transportation. It is more than we pay for the Department of Education. It is the size of the Departments of Justice, Energy, State, and the Interior -- combined. It is an amount bigger than the GDP of all but about 60 countries in the world. Even in Washington, this ain't pocket change, in other words. It's a lot of money. And it seems to have vanished.
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[ Posted Monday, February 2nd, 2009 – 18:33 UTC ]
President Obama has been failing a crucial test in the past few weeks. In the first (and possibly most important, at least for a while) legislative struggle in Congress, President Obama's stimulus package has had its ups and downs. But what is truly missing is one entire side of this debate. Where are the cheerleaders for the stimulus package?
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[ Posted Friday, January 30th, 2009 – 18:12 UTC ]
While I think a growing populist rage is indeed possible in this country at this point, I don't quite think we're there yet -- and I really don't think most Washington politicians would know how to ride that wave even if it did appear. Because, from Obama on down, Democrats know how to stoke the fires of populist rage, but what they propose doing about it usually falls far, far short of what I would call "populism."
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[ Posted Tuesday, January 27th, 2009 – 17:10 UTC ]
Our new president has had a pretty good first week in office. In his "first 168 hours" (for those of you who love arbitrary timelines for the "honeymoon" period), he has made good on quite a few campaign promises, sent an envoy to the Middle East on a "listening tour," and pushed his stimulus package in Congress. All around, an impressive first week by any standard.
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[ Posted Friday, January 16th, 2009 – 16:49 UTC ]
Taking that last one first, the status in Washington is fast approaching Officially Freaking Out (in the tradition of acronym-crazy D.C., I will refer to this from now on as "OFO") as they contemplate the city being overrun by Inauguration visitors. To put this in perspective, Washington's population is around 600,000 people. Estimates of the crowd which has even now begun descending on the city range from one million up to three million. Three million people is five times the population of the city. For comparison, take the population of the town or city you live in and multiply it by five. Now picture that many out-of-towners arriving for an event. It's like Woodstock descending on a small town, in other words. Or, if you prefer, a Medieval siege. No word yet on where to park the catapults and trebuchets.
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