ChrisWeigant.com

Archive of Articles in the "Economics" Category

Conspiracy Theory Nation

[ Posted Thursday, January 30th, 2025 – 17:25 UTC ]

I begin today by doing something I don't believe I've ever done before. Perhaps this will prove to be uninformed, since I have no real way of knowing if someone else has previously said this (or something very similar). I could just be repeating it without realizing it's not my own original thought, I will fully admit. But in watching the immediate responses to the crash of a commercial jet and a military helicopter over the Potomac River in Washington D.C., I fear I may have stumbled upon a basic natural law (at least, in this country, at this particular time). Call it "Weigant's First Law of Finger-Pointing," I suppose. Here it is:

There is no tragedy that is so awful that it cannot be made much worse by politics.

Read Complete Article »

Trump's War On Medical Science

[ Posted Wednesday, January 29th, 2025 – 16:07 UTC ]

The last time he was president, Donald Trump faced a big crisis. His response to the COVID-19 pandemic was erratic at best (and even that's being charitable). Later, he and his followers demonized the doctors and medical experts who were desperately trying to save lives with their advice and recommendations -- so threateningly that President Joe Biden felt the need to pre-emptively pardon Dr. Anthony Fauci right before he left office. Biden feared that Trump would harass Fauci via the Justice Department, so he precluded it from happening.

This time around, President Trump is pre-emptively taking a wrecking ball to the federal government's medical establishment, in what can only be called a war on medical science. It was telling, during the early months of the COVID crisis, that Trump kept complaining that we were doing "too much testing." The numbers of people infected and hospitalized and dying were shooting up dramatically, after Trump had promised the country that they wouldn't. The solution, as far as Trump was concerned, was to just stop testing everyone. That way, there wouldn't be any big numbers to alarm everyone. Hey presto! Problem solved!

Read Complete Article »

A Lawless Presidency

[ Posted Tuesday, January 28th, 2025 – 17:18 UTC ]

President Donald Trump is fast making a warning many Democrats made before his election come true: that he would prove to be an utterly lawless president. Trump's disdain for not only federal law but the entire federal judiciary is becoming more and more apparent, and he's barely begun his second week back in office. He hasn't taken the final step in creating a completely unfettered and lawless executive branch, but at this point it seems only a matter of time before he does so.

Read Complete Article »

Cracks In Republican Unity

[ Posted Monday, January 27th, 2025 – 17:05 UTC ]

If President Donald Trump's agenda gets stalled in any way, it's going to happen because of dissent within his own Republican ranks. And one week in to Trump's second term, cracks are already appearing in the MAGA facade. How deep or wide those cracks may become is still an open question, but it certainly is interesting to see them appear so quickly.

Read Complete Article »

Friday Talking Points -- Out-Of-Control Eggflation!

[ Posted Friday, January 24th, 2025 – 18:45 UTC ]

In just about every presidential election, the political punditry tries to frame what happened in it in the easiest possible way, sometimes pinning a win or loss on a certain demographic slice of the electorate (remember "soccer moms" and "NASCAR dads"?) and sometimes putting the focus on a single oversimplified issue. One of the big themes in this regard for the last election was the price of eggs. True to form, they even slapped a cutesy label on it: voters were angry about "eggflation."

Which is why we sincerely hope that Donald Trump is asked about it as often as possible -- say, once a week, at a minimum -- now that he is president again. Because for all his promises, eggflation is going to be a very tough problem for him to solve.

Read Complete Article »

Friday Talking Points -- Farewell, President Biden

[ Posted Friday, January 17th, 2025 – 18:59 UTC ]

And so we come to the final Friday Talking Points of President Joe Biden's term in office.

It is perhaps appropriate that the funeral of Jimmy Carter happened in the midst of Biden winding down his final weeks. Because Joe Biden -- another one-term Democratic president like Jimmy -- will likely become more appreciated as time goes by, just as Carter was.

Joe Biden had a pretty spectacular first two years in office, in terms of getting legislation passed. Granted, he had a Democratic Congress to work with and the continuing crisis of a pandemic to spur the politicians to actually act. He used both to get a sweeping agenda passed which will have an impact for years to come. But he had to grapple with two corporate-friendly Democrats in the Senate who held him back from achieving an even-more-historic agenda. If the full "Build Back Better" plan had made it past Joe Manchin and Kyrsten Sinema, then Americans would doubtlessly feel a lot differently (and better) about government's role in their economic lives.

Read Complete Article »

Biden's Bridge To Nowhere

[ Posted Thursday, January 16th, 2025 – 17:40 UTC ]

Watching President Joe Biden's farewell address from the Oval Office last night was rather bittersweet. For me at least, it all had a flavor of "what might have been." But in the end, Biden's promised bridge to a new generation of leadership really led nowhere.

While campaigning early in 2020, Biden appeared on a stage with three other prominent Democrats, who were at the time "expected to be considered for the vice presidential nomination" -- Kamala Harris, Cory Booker, and Gretchen Whitmer. Biden said during this campaign event: "Look, I view myself as a bridge, not as anything else. There's an entire generation of leaders you saw stand behind me. They are the future of this country." While Biden never actually did explicitly promise to serve only a single term as president, many read his comments to mean exactly that -- Biden would defeat Donald Trump, run a bridging presidency, and then step aside and make way for a younger generation of Democrats to carry the torch forward.

Read Complete Article »

A Foregone Conclusion In The Senate

[ Posted Wednesday, January 15th, 2025 – 16:50 UTC ]

Hearings are now underway in the Senate on Donald Trump's various nominees to fill out his administration, but so far it has all felt like it is leading to a very foregone conclusion. American politics has gotten so tribal that Republicans are now willing to overlook just about anything for one of their own, no matter how deeply disqualifying such things would have been in the past. Trump will quite likely get almost all his picks confirmed, no matter what disturbing things exist in their past.

Read Complete Article »

Pistols At Dawn?

[ Posted Monday, January 13th, 2025 – 17:10 UTC ]

Maybe it's time to bring back the concept of adversaries settling their insults with a good old-fashioned duel? That's the thought I have been having while watching the flurry of playground tantrums and unrestrained bullying spewing forth from the highest ranks of MAGA supporters. Maybe Steve Bannon and Elon Musk should just count off ten paces and take potshots at each other -- they could even make it pay-per-view and make a fortune! Well... whomever was left alive might, at any rate.

Read Complete Article »

Friday Talking Points -- 34-Time Felon Sentenced

[ Posted Friday, January 10th, 2025 – 18:08 UTC ]

In an extraordinary confluence of events, America mourned one former president as his body lay in state in the United States Capitol, while another former (and soon-to-be-again) president was sentenced after being found guilty of 34 felonies by a jury. Jimmy Carter had become almost the personification of decency in his post-presidential life, while Donald Trump has always been the personification of something a lot more tawdry.

Read Complete Article »