ChrisWeigant.com

Archive of Articles in the "Economics" Category

Friday Talking Points -- Shake, Rattle, And Roll

[ Posted Friday, April 5th, 2024 – 17:56 UTC ]

Living in California means not being generally surprised by earthquakes, but we realize that this is simply not so in New York City and the Northeast in general. So when a 4.8 temblor hit New Jersey, we certainly could sympathize. However, it seems East Coast tectonic zones have a certain personality trait that goes (we can't resist) right down to the bedrock? Here was the tweet that the "USGS Earthquakes" account put out this morning:

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No Labels, No Candidates

[ Posted Thursday, April 4th, 2024 – 15:58 UTC ]

President Joe Biden's re-election campaign just got some good news today, as No Labels announced it is throwing in the towel and will not be running a third-party presidential ticket this year. This brings an end to one of those political science experiments that might have sounded good in the abstract, but which doesn't really live up to its promise in the end.

The basic idea was to run a so-called "Unity ticket," consisting of one Republican and one Democrat, for president and vice president. No Labels was initially coy about which one would lead the ticket, but in recent months let it be known that they were looking to run a moderate Republican for president, with a centrist Democrat as his or her running mate. All those voters out there yearning for a different choice than the two men who ran last time would thus be given a new option to vote for. No Labels deluded themselves into thinking they could draw enough of this protest vote to actually win enough states to win the presidency.

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Abortion Will Need A Supermajority In Florida

[ Posted Monday, April 1st, 2024 – 15:18 UTC ]

The Florida supreme court just sent a very mixed message on abortion rights. In two decisions released today, the high court will allow a very strict abortion ban to take effect, but they also decided to allow an abortion-rights ballot initiative (which would enshrine the right to an abortion in the state's constitution) to appear on this November's ballot. Conservatives in the state government had been hoping that the ballot measure would just get tossed out, but the court allowed it to go forward. As I said, this was a very mixed message from the court.

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Friday Talking Points -- Old Man Misinformates

[ Posted Friday, March 29th, 2024 – 17:58 UTC ]

From the "stop me if you've heard this one" file, we suppose: An old man is running for president who is saying increasingly bizarre things... except that you might not know about it because the mainstream media only goes into a frenzy of breathless reporting when his opponent misspeaks.

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Big Lie Pricetag Nearing $1 Billion

[ Posted Wednesday, March 27th, 2024 – 15:51 UTC ]

The pricetag of spreading Donald Trump's "Big Lie" -- that there were various forms of massive fraud committed in the 2020 presidential election -- is about to grow, once again. At this point it is impossible to predict exactly what the next legal cost will be, but it could easily send the total amount the Big Lie perpetrators have paid (or have been ordered to pay) north of one billion dollars. And this could still be just the beginning -- by the time the counting is fully done, this could jump to multiple billions in legal damages assessed against various bad actors.

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Friday Talking Points -- M.T.G. Threatens An M.T.V.

[ Posted Friday, March 22nd, 2024 – 18:18 UTC ]

For once, big things are actually happening in Congress. No, really!

As we write this, the House has passed the final budget bill for this fiscal year (by a vote of 286-134) and sent it over to the Senate. The Senate may pass it tonight, if senators like Rand Paul can restrain their natural urge to be total [insert favorite plural derogatory expletive here]. If they do throw a monkey wrench into the works, we could have a very short-lived partial government shutdown, but if it gets resolved before the weekend is over then it won't do much damage at all. Either way, the bill's got the votes to pass the Senate, so it's now only a matter of time until President Joe Biden can sign it and the budget that was supposed to be in place on the first of October last year will finally be finished.

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Slouching Towards A Budget

[ Posted Thursday, March 21st, 2024 – 16:20 UTC ]

Congress is -- finally -- about to finish the most basic of their constitutional duties: funding the federal government by passing a budget for the current fiscal year. This comes almost six months from when they were supposed to have achieved this feat (the federal fiscal year starts at the beginning of October). And what is happening on Capitol Hill right now should be familiar to anyone who knows how the process has worked in recent years -- a huge bill that wraps multiple individual spending bills together is released at the last possible minute, with no time for any floor debate or even for many people to dig through the enormous length of the bill, and with a deadline in sight tomorrow night at midnight that may or may not be met (although any partial government shutdown will likely be brief and happen over the weekend when its impacts would be minimal, at least). This is all pretty much par for the budgetary course, these days. Six months late is an outlier -- usually the budget is wrapped up (at the latest) by December or January -- but budgets nowadays are never passed on time.

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Time For Trump To Pay For His Lies

[ Posted Tuesday, March 19th, 2024 – 16:03 UTC ]

Donald Trump is finally having to face some consequences for his past misdeeds. He has already had to put up two bonds to cover the judgments in the two defamation cases E. Jean Carroll won against him (to the tune of almost $100 million, combined, with interest), and he is now on the hook for the enormous judgment against him in the civil fraud trial he also lost. His lawyers are complaining that he doesn't have the money to pay the penalty (almost a half-billion dollars, with interest) and that he has been unsuccessful in obtaining a bond to cover the amount. If Trump doesn't post a bond or put up the money by early next week, the state of New York could start seizing his properties and liquidating them.

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Wildly Unprofessional? Really?

[ Posted Monday, March 18th, 2024 – 16:59 UTC ]

But instead I am going to write a different very lazy column on a subject that has always peeved me no end: the insanely-generous vacation schedules for members of Congress. Here is the quote that set me off today, from a blurb of an article about the ongoing discussions in Congress to prevent a government shutdown this Friday night:

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Friday Talking Points -- R.N.C. Purge

[ Posted Friday, March 15th, 2024 – 17:29 UTC ]

This week President Joe Biden and Donald Trump both secured their respective parties' 2024 presidential nominations. Most Americans, if the pollsters can be believed (and they do all seem to be telling the same story), are not exactly thrilled with this rematch and would have preferred different choices. But we are where we are, so that's not going to happen for another four years.

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