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Archive of Articles in the "Economics" Category

The Other Political News

[ Posted Tuesday, July 16th, 2024 – 16:53 UTC ]

So the Republican National Convention got underway yesterday, capped by a cameo appearance by Donald Trump, with bandaged ear. The biggest news from the convention was the announcement that Senator J.D. Vance would be Trump's running mate, but Trump's surprise appearance was definitely the most memorable moment of the night. The other big surprise last night was hearing from a Union boss (Teamsters), which is not exactly a usual thing at a Republican convention (to put it mildly). Is Trump (and now Vance) truly shifting the Republican Party to a more populist outlook, or was it more of a "let's make the Democrats scared" type of stunt? It's impossible to say, really. The Union boss did get the key speaking slot (he was the last big speech of the night) and was allowed to speak for at least 15 minutes (which is a long speech for a convention). The applause was pretty tepid, though, as plenty of GOP delegates are not exactly friendly to Unions in general.

But instead of a play-by-play of yesterday's convention I am going to write primarily about Democrats today. Because there was big news from the other side of the aisle as well.

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Friday Talking Points -- Democrats In Limbo

[ Posted Friday, July 12th, 2024 – 16:37 UTC ]

Well, that was another week mostly wasted.

This isn't just our opinion, either. Here is what Biden campaign chair Jen O'Malley Dillon had to say in an all-staff call yesterday:

We had two very, very, very hard weeks, very bad weeks. I told you I'd level with you; they've been bad fucking weeks. This two-week window has really sucked, and it is hard, there is no doubt about it.

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Friday Talking Points -- As We Wait For The Debate

[ Posted Friday, June 21st, 2024 – 17:41 UTC ]

Maybe it's just us, but this week seemed like a waiting game. Perhaps the midweek holiday had something to do with it, but everything in the political world right now seems to be on hold in anticipation of next Thursday's first presidential debate. The debate is going to be incredibly early in the campaign schedule, but nobody really knows what this will mean until after the dust settles. Who will benefit the most from the earliness of it all? Well, that all depends on how they do, of course.

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Biden Eases Citizenship Process For 500,000 Immigrant Spouses

[ Posted Wednesday, June 19th, 2024 – 15:42 UTC ]

President Joe Biden has had to walk a tightrope on the subject of immigration during his term in office. He has supported programs that were a holdover from the administration of Donald Trump, and just recently announced a tightening of the rules on claiming asylum at the border in an effort to slow the flow of people making such claims. Neither one of these policies went over very well with the progressives in his own party, but this week Biden shifted gears and announced a policy that will benefit the lives of approximately 500,000 people. Undocumented spouses of America citizens who have lived in the country for 10 years or more will have a much easier path to citizenship under Biden's new program. Politically, this may provide a balance to Biden's more restrictive moves on immigration.

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Friday Talking Points -- SCOTUS Season Continues

[ Posted Friday, June 14th, 2024 – 16:36 UTC ]

The biggest political news of the week by far was Hunter Biden being convicted in record time on all three felony gun charges lodged against him. The jury spent only about three hours before returning these verdicts, which completely undercut the narrative Donald Trump has been spouting about how the justice system is "two-tiered" -- by which he means: "weaponized against Republicans while Democrats get a free pass." Kind of hard to make that argument when the president's own son just got convicted of felonies and is facing up to ten years in prison.

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First Debate Will Be All About Style Over Substance

[ Posted Wednesday, June 12th, 2024 – 15:14 UTC ]

Two weeks from tomorrow, CNN will host the first general election presidential debate of the 2024 cycle. This is unprecedented, because it will happen so early in the campaign season. In fact, neither person on stage will officially be their party's nominee at this point, since the conventions will happen afterwards. It will be "Presumptive Republican Nominee Donald Trump" versus "Presumptive Democratic Nominee President Joe Biden." That alone sets it off from every other televised presidential debate.

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Friday Talking Points -- Convicted Felon Donald Trump

[ Posted Friday, May 31st, 2024 – 17:03 UTC ]

For a while, Donald Trump was known as "President Trump." Then he became (depending on your editorial whim) the "former president" or "ex-president." But the only valid title he really could claim after leaving office (former titles being no more than diplomatic politeness, really) was what one judge called him while turning down one of his numerous appeals: "Citizen Trump." Or, as the judge and the prosecution referred to him throughout his first criminal trial in New York City, merely: "Mister Trump."

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Friday Talking Points -- Run It Up The Flagpole

[ Posted Friday, May 24th, 2024 – 17:58 UTC ]

It is supposed to be a metaphor, of course. It's supposed to be said when a person or company is about to try out a new idea or product: "Let's run it up the flagpole and see who salutes." In other words: "Let's try it out and see how it goes -- it might wind up being popular." But this week the saying sprang to mind in a much more literal fashion, since Supreme Court Justice Samuel Alito already knew who was going to salute the two very real insurrectionist-themed flags that got run up the flagpoles in front of both his house and his vacation home. Flying them after the January 6th attack on the U.S. Capitol signified support for those who had besieged the building, plain and simple. It was a rather treasonous thing to do, when you get right down to it. Which Alito fully knew (or should have, at any rate).

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Nobody Likes The Ticketmaster Monopoly

[ Posted Thursday, May 23rd, 2024 – 16:35 UTC ]

It has become increasingly hard in our politically divided country to find any one single issue that pretty much everybody agrees with. The Biden administration just found one, though -- one that will resonate with football fans, hockey fans, basketball fans, country and western fans, rap fans, blues fans, rock-n-roll fans, and fans of almost every other type of music, sports, or pretty much any large performance of any type. And that's even before you add in the considerable power of the Taylor Swift fans. All of the people who enjoy all of these performances and sporting events have one thing in common no matter what their politics may be -- because nobody likes getting forcibly and brutally ripped off for ticket prices. Nobody. So the news today that the Biden administration and 30 individual states have filed suit against Ticketmaster/Live Nation for being a monopoly will be hailed as good news by pretty much everybody who doesn't directly earn their paycheck from the conglomerate.

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Friday Talking Points -- Hannibal Lecter Makes A Campaign Appearance

[ Posted Friday, May 17th, 2024 – 18:17 UTC ]

Presidential debate announcements, Michael Cohen testifying, and The Jerry Springer Show breaking out in a House committee -- it's been an eventful political week all around, folks!

But we have to begin today with a very sobering piece of data, just to put everything in some perspective. We (rather obviously) personally live and breathe the political scene, and it is a fair assumption that anyone who regularly reads this column all the way to the end (a weekly marathon, 'tis true...) is also pretty plugged in to the follies of the everyday political landscape as well. We all pay attention, in other words. Not just to the large and meaningful events, but also to the small and amusing. But it cannot be repeated enough: this is not exactly normal. Most Americans just don't pay all that much attention to politics. Like, at all.

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