Category Archives: Economy

ObamaCare Failure To Launch

obamacare failure

Washington Post blogger Ezra Klein, a supporter of ObamaCare, called the launch a big failure.

And Forbes says, “ObamaCare’s website is crashing because it doesn’t want you to know how costly its plans are.”

ObamaCare Failure to Launch

According to the WSJ, “The failures that have all but disabled ObamaCare are the result of deliberate political choices, which HHS and the White House are compounding with secrecy and stonewalling.”

Even Robert Gibbs wants people fired

Awesome Beautiful Presidential Power

awesome beautiful presidential power

President Obama banned oil drilling in parts of the Atlantic and Arctic Oceans. His proclamation is permanent and irreversible. The president says he derives this power from the Continental Outer Shelf Land Act.

He commanded the planet to heal and the oceans to slow their rise eight years ago. So this would seem a minor extension of his mandate.

But not everyone agrees he has the power to enforce his will on future presidents and Congresses. Here’s Kevin Williamson in National Review:

Legally speaking this is, as Professor Patrick Parenteau of Vermont Law School wryly put it, “uncharted waters.”

Awesome Beautiful Presidential Power

David Harsanyi in The Federalist agrees the president can’t have have his way with those who come after him. But he fears that future presidents may not want to overturn Obama’s will. So much the better to expand their own awesome beautiful presidential power:

So Republicans could likely overturn this diktat as they can the rest of Obama’s rickety legacy, predominately built on circumventing the law-making branch of the United States government. The problem is that Trump (and anyone else who comes along) has little reason not to adopt Obama’s unprecedented use of the executive power.

 

Big Government

161214big government

In his 1996 State of the Union speech Bill Clinton signed the death certificate for the era of big government. He went on to challenge Congress to send him a welfare reform bill. Congress did just that and he signed it.

But Big Gov was Rasputin-like. According to the Cato Institute federal spending grew 60% during the George W. Bush years. Then in 2012 Barack Obama killed Clinton’s signature Welfare reform and Rasputin was back.

Hillary Clinton, pushed to the left by Bernie Sanders and Elizabeth Warren, campaigned to expand the Big Government command and control economy even further. But she lost.

Big Government RIP?

So Rasputin is dead again.

Now what’s this Donald Trump trillion dollar stimulus plan all about?

 

Trumped up One China Policy

161208One China Policy

Donald Trump’s phone conversation with the president of Taiwan was a diplomatic blunder. According to diplomats. They say it upsets the One China Policy. That’s the policy where everybody pretends Mainland China exits and Taiwan doesn’t.

The U.S. sold the nonexistent regime $1.83 billion in weapons last year. And China is Taiwan’s biggest trading partner.

One China Policy

Henry Kissinger helped  invent the One China policy in 1971. This week he took a ride up the golden elevator to meet Trump. He was impressed. He says Trump is a unique president-elect because he has “no baggage.”

I don’t think The Donald cares who calls him on the phone. William Murchison of the Dallas Morning News definitely doesn’t care. You can read his column here.

 

Trump’s Animal Spirits

161205animal spirits

James Fallows, in the October Atlantic, says Jane Goodall told him that Donald Trump reminds her of a chimp:

In many ways the performances of Donald Trump remind me of male chimpanzees and their dominance rituals,” Jane Goodall, the anthropologist, told me shortly before Trump won the GOP nomination. “In order to impress rivals, males seeking to rise in the dominance hierarchy perform spectacular displays: stamping, slapping the ground, dragging branches, throwing rocks. The more vigorous and imaginative the display, the faster the individual is likely to rise in the hierarchy, and the longer he is likely to maintain that position.”

Animal Spirits

The elite made a monkey of Trump before the election. But since then he’s released the stock market’s animal spirits. Oil and the dollar dig The Donald too.

Many 401-k investors are bullish because stocks have hit record highs. But Clinton Foundation investors – not so much.

Well, at least one Clinton supporter has done ok. Warren Buffett’s Berkshire Hathaway is up 8% since the election.