Merely an aggregation of a dispersed life online
I applaud House Speaker John Boehner for his letter to President Barack Obama on Russia. I also applaud him for holding fire on Obama while he was abroad at an important security summit. It much more clearly articulated Obama’s shocking behavior …
The discussion of Republican Party rules reform is beginning in the aftermath of the catastrophe of the new rules that were created by the RNC leadership in 2010. Many people attribute the lengthening process to just the new rules, but I would argue th…
Last night President Barack Obama spoke at two “star-studded” Hollywood fundraisers. And, according to Politco, he noted to a group of people who make their quite nice livings in theatrics that “people … like … poetry̶…
Senator Ron Johnson (R-WI) asked Ben Bernanke at the recent Senate Budget Committee if the lack of Presidential leadership was hurting the US economy. He asked, “I’m afraid President Obama has just been phoning it in here the last couple years in terms of our debt and deficit issue. … Can you speak to how harmful that is in terms of economic growth?”
Now Bernanke can’t answer these sorts of things straight away. But he basically got there. Here’s what he said:
Well Senator, I’m not going to comment on parliamentary maneuverings, but Senator Wyden made exactly the same question. You know, is uncertainty about the future of the tax code, government programs, and so on a negative for growth? I think it is because firms like to have certainty, like to be able to plan. And again I would take on the same responsibility as a regulator, that we need to make regulations as clear and as effective as possible.
So he’s saying that firms like to have certainty and that as a regulator, Bernanke wants things to be clear and effective. Today Jake Tapper asked Jay Carney about this. Should Senate pass a budget? Does the President have an opinion on this? Turns out that the answer is no
TAPPER: The White House has no opinion about whether or not the Senate should pass a budget? The president’s going to introduce one. The Fed chair says not having one is bad for growth. But the White House has no opinion about whether –
CARNEY: I have no opinion — the White House has no opinion on Chairman Bernanke’s assessment of how the Senate ought to do its business.
I think it is worth recalling why the Senate stopped passing budgets. Because they are politically difficult, and being accountable is hard in an election year. The Senate last passed a budget on April 29, 2009. They didn’t work on a budget in 2010. Why? Because a budget requires taking responsibility for the fiscal state of our country. And it was clear that the 2010 election was going to be rough for Democrats. So what did they do? They ducked. They dodged all responsibility. Republicans were willing to do it in the House, but the Senate was not. They didn’t even bring a serious budget to the floor and haven’t since.
And since the Republicans have been able to put their ideas up for inspection by the American people. See the Ryan Budget. Republicans are willing to fight an election on ideas and tell the American people what sacrifices will need to be made to address our fiscal crisis.
But now, not only is the Senate failing the American people, but President Obama is helping the Senate in dodging this responsibility. The fact is that he has no opinion on running the country like an adult. He has “no opinion” about giving business certainty.
Thank you Ron Johnson for asking the question and getting the clarity on this from Chairman Bernanke. And thank you to Jake Tapper for asking the White House if they are interested in leading.
They aren’t.
There’s an interesting scandal right now in New Mexico right now. You see, the New Mexico constitution tries to stop corruption, a real problem in the state as the Economist recently noted, by requiring that state legislators cannot draw a sala…
So, I confess, I had to look up who Luther Campbell was, aside from a guy who came in fourth in a race for county mayor in Miami-Dade County. He was a somewhat high-profile music promoter, fronting for groups like 2 Live Crew. But it is his electoral e…
For a number of reasons, I tend to avoid claims of media bias, as I am often reminded of Silberman’s Law, from Rumsfeld’s Rules, that notes that we often overstate “conspiracy,” while “underestimat[ing] incompetency and fo…
I have been writing up a storm about absentee ballot fraud in various places around the country. Today, the FBI arrested eight people in Florida who appear to have committed some pretty severe fraud in a 2010 School Board election in Madison,. The viol…
Two weeks ago, we noted a Chicago Tribune story about fraud by either the Indiana Democratic Party or the Barack Obama and Hillary Clinton campaigns in the 2008 Democratic Primary in Indiana. Now Indiana Republican Party Chairman Eric Holcomb is doing …
Today the Senate voted for an amendment to give a subsidy to rich people. Not the first time, and it won’t be the last time. But is a perfect microcosm of today’s politics and the politics that got us into the housing crisis. Next time any …
