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Archive of Articles in the "Economics" Category

Friday Talking Points -- What Next? Food Fights In The Cafeteria?

[ Posted Friday, November 17th, 2023 – 18:18 UTC ]

Over 20 years ago -- right around when Arnold Schwarzenegger became governor of our state -- we were fond of shocking people by pointing out: "Politics has become indistinguishable from show business." The entertainment industry and our political system had been slowly merging, ever since the ascension of B-movie actor Ronald Reagan to the White House in the 1980s. But we have to say, we never foresaw the day when politics would become completely replaced by entertainment and entertainment alone. And we seem to be fast approaching that point.

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Budget Battles Punted To Next Year

[ Posted Thursday, November 16th, 2023 – 17:01 UTC ]

Congress has now successfully punted their budget negotiations into the next calendar year. The most astonishing part of this fact is that they managed to do so two days before the deadline, which (these days) is actually pretty impressive. We didn't go down to the wire with midnight votes, and we didn't have to see the media go through one of their "The government is about to shut down!" frenzies. So that's progress, of a sort.

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Juvenile Political Violence In Congress

[ Posted Wednesday, November 15th, 2023 – 17:36 UTC ]

What is one to make of the sudden rise in physical altercations (or threats thereof) in the halls of Congress? Well, you can play it for comedy, that's certainly the first impulse. Or you can adopt a sort of "Tsk, tsk!" tone and go for the moral highroad. Then there is the traditional fallback of the opposition party using it to score political points. But in these uncertain times (to say the least) one might be tempted to fit this into a bigger picture and say it is part and parcel of a dark and very dangerous trend in American politics right now: the normalization and acceptance (by one party) of political violence.

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Budget Bill Passes House

[ Posted Tuesday, November 14th, 2023 – 17:17 UTC ]

The House of Representatives actually did their job today -- which is surprising enough right there -- but the truly shocking part (to me, at any rate) is that they did so three whole days early! America is facing the possibility of a government shutdown just after midnight Friday, which normally would have resulted in a standoff right up until the last possible minute -- followed by a legislative frenzy to get something on President Joe Biden's desk to avoid the shutdown. That the House passed a bill late on Tuesday seems like progress, at least using the measuring stick of how things normally happen in one of these standoffs.

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Trump's Dystopian Plans For A Second Term

[ Posted Monday, November 13th, 2023 – 17:38 UTC ]

Donald Trump is not being coy about what he would do if he became president a second time, and his vision for his second term is downright frightening. He would rule as a strongman or dictator and implement all of the darkest fantasies both he and his even-more-frightening advisors have been having for years. This is not an overblown or hysterical thing to say anymore -- if anything, it is the polite and watered-down version, since I didn't use the words "Nazi" or "Hitler" in describing Trump's dystopian plans.

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Friday Talking Points -- Women's Freedom Wins The Day

[ Posted Friday, November 10th, 2023 – 18:03 UTC ]

There were supposed to be three big political stories this week, but in the end two of them turned out to be duds. Donald Trump testified at his New York fraud trial, but without video or audio recordings of him answering questions under oath, the impact was significantly lessened. The other Republican presidential candidates (the five who qualified, at any rate) met for their third Republican debate, but it mostly turned out to be a snoozefest.

Tuesday night, however, more than lived up to expectations. The off-year elections which were held ended up as a big night for Democrats almost across the board. Put quite simply: abortion rights won. Big time. Everywhere.

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Three States To Watch In Tomorrow's Elections

[ Posted Monday, November 6th, 2023 – 16:42 UTC ]

This week is going to be chock full of big political stories, including Donald Trump testifying in his fraud trial in New York today and the third Republican debate on Wednesday. But today I thought it was worth taking a look at the other big political story of the week, since tomorrow's elections have several interesting possibilities that could reverberate beyond the borders of the states where they are held. Three states in particular are going to be impactful, no matter what the outcomes may be: Mississippi, Virginia, and Ohio.

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Friday Talking Points -- Republican Chaos Still Reigns

[ Posted Friday, November 3rd, 2023 – 17:50 UTC ]

Republicans are in disarray. Let's start with that this week, shall we?

This week in the Senate, Republicans spent five whole hours ripping into one of their own. A group of GOP senators tried to force the hand of Senator Tommy Tuberville over his petulant hold on fast-tracking all military promotions, but to no avail.

The House, meanwhile, voted for an Israel military aid bill that is going nowhere in the Senate because (among other reasons) Senate Minority Leader Mitch McConnell is diametrically opposed to the strategy.

The House also took the time to vote down a censure of a Democrat that drew Marjorie Taylor Greene's wrath, but also voted to let George Santos keep his seat. On both votes, there were significant numbers of Republicans crossing the aisle to vote with the Democrats.

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Friday Talking Points -- Republicans Get Their 'Poop In A Group'

[ Posted Friday, October 27th, 2023 – 18:05 UTC ]

After three weeks of junior-high-school levels of adolescent slap-fighting, Republicans in the House of Representatives finally (!) chose a speaker. Was this largely due to fatigue at how tawdry the whole clown show was, or was it the fear that some moderate members were actually considering working with Democrats to come up with a solution? We'll never know, but we certainly are glad it's over. For now, that is. The rule on the "motion to vacate" hasn't changed, so while Speaker Mike Johnson seems to be enjoying something of a honeymoon period with even the furthest-right of his caucus, things could always go south for him, since all it would take would be five disgruntled Republicans to kick him out too. And disgruntled is what MAGA extremists do best, so we'll have to see whether this comes to pass or not in the weeks ahead.

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The Circles Mike Johnson Will Have To Square

[ Posted Thursday, October 26th, 2023 – 15:28 UTC ]

There are plenty of metaphors to choose from when describing what newly-anointed Speaker of the House Mike Johnson is now going to have to face: a Gordian knot, threading a needle, walking a tightrope, squaring a circle, and the ever-popular herding of cats. Whatever image you choose, it all boils down to a near-impossible task -- perhaps with one very narrow solution, perhaps not. That's what Johnson now faces, with his boisterous House Republicans. The past three weeks of clown show hasn't changed the basic dynamic of this situation.

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