This post was published at TheRealNews
Paul Krugman won the Nobel Prize in economics. He is also the resident economist for The New York Times.
In his latest article, he laments the power of Donald Trump and the Republican Party. He tries to offer eschatological hope. He assures his readers that there is hope politically because the Democrats may eventually come back into power. But this is only hope, he says. The United States of America is on the path to becoming a Third World tyranny. He actually believes this.
I want to stress this fact: he is as sound a political analyst as he is a sound economist.
The obvious silliness of all this should be apparent to anybody who knows about bipartisan American politics since approximately 1953. There has been a bipartisan American foreign policy. There has certainly been a bipartisan policy with respect to Social Security and Medicare. There has been a bipartisan policy with respect to the federal deficit. On anything that has mattered, bipartisan politics has been dominant. On peripheral issues, such as ObamaCare, Congress has voted along party lines, but even that division was short-lived. There were sufficient numbers of Republicans in the Senate who voted with the Democrats this year to save ObamaCare. The Republicans’ 100% opposition was political posturing in 2010.
Any liberal who looks at what Obama accomplished ought to abandon his faith in politics. Obama had a majority in both houses of Congress, early 2009 to early 2011, yet all he had to show for it was ObamaCare. I predicted this from the day he was elected. I said that Nancy Pelosi would be the ramrod for his policies. On the day he was elected, I predicted that he would be cautious, and would do his best to avoid political confrontation. This is exactly what he did for eight years. He did not create a national health plan. ObamaCare is a gigantic boondoggle for the health-insurance industry. Yet even that has backfired, as critics predicted. Healthcare insurers are bailing out every year. In 2019, when the new tax law goes into effect, individuals will not be forced to pay a fine to the federal government for failing to purchase healthcare insurance. With respect to individual purchases, this is going to undermine the whole program. But there wasn’t much of a program to undermine.
This post was published at Gary North on December 28, 2017.
Update (5 pm ET):
And so the can has been kicked again, if only for only 2 weeks. Despite a laundry list of demands from Democrats and Republicans who appeared ready to cut off government funds, a majority of the House has voted to approve a two-week extension of government spending, a modest legislative achievement that will allow Republicans to focus on their top priority: Passing comprehensive tax reform.
House Republicans managed to pass the legislation on their own in the 235-193 vote, despite often coming short of securing a majority of the majority on measures to keep the government open in recent years, the Hill reorted.
The spending patch through Dec. 22 gives lawmakers time to negotiate a bipartisan budget deal, although it is unclear just how another 14 days will help when the two parties are unwilling to negotiate and compromise. At that time, Which is why, Congress is expected to pass another short-term patch so that appropriators can craft a spending package to keep federal agencies funded through the rest of the 2018 fiscal year.
‘I think it’s kind of just basic governing is keeping government going while we negotiate the final details,’ said Speaker Paul Ryan (R-Wis.).
Ahead of Thursday’s vote, House Minority Leader Nancy Pelosi (D-Calif.) made clear that Democrats wouldn’t support the two-week stopgap. Pelosi emphasized that Democrats don’t want to see a government shutdown, but couldn’t support Thursday’s bill because it doesn’t include their priorities like protections for young undocumented immigrants, funding for the opioid crisis and relief for communities affected by recent natural disasters.
This post was published at Zero Hedge on Dec 7, 2017.
Senator Chuck Grassley (R-IA) blasted the FBI and Senate Democrats on Wednesday for their unwillingness to fairly investigate Hillary Clinton and the Obama Administration, stating that the Democrats on the committee he oversees “only want to talk about [President] Trump.”
In a fiery speech to the Senate, Grassley lambasted Nancy Pelosi (D-CA) and other Democrats for “a double standard here in the way that they desperately want to go after the president but ignore all other potential wrongdoing in the previous administration.”
He then tore into the credibility of the Justice Department and the FBI, pointing out that the veteran FBI agent placed in charge of both the Clinton investigation and the Trump-Russia, Peter Strzok, is wildly anti-Trump. Grassley insisted that both the Trump-Russia investigation and the Clinton email investigation are intricately connected to the firing of the former FBI Director James Comey, so they must be investigated together. From his speech:
There are two major controversies plaguing the credibility of the Justice Department and the FBI right now. On the one hand the Trump Russia investigation, and then on the other hand the handling of the Clinton investigation. Any congressional oversight related to either one of these topics is not credible without also examining the other. Both cases were active during last year’s campaign. Both cases have been linked to the firing of the FBI Director.
This post was published at Zero Hedge on Dec 7, 2017.
Careful to explain to those that care, Michigan Democrat Congressman John Conyers says he will “retire” from Congress today, and is “not resigning,” following a growing list of sexual misconduct allegations. Conyers is endorsing his son, John Conyers III, to replace him in Congress.
‘He is not resigning. He is going to retire,’ Ian Conyers told the newspaper. ‘His doctor advised him that the rigor of another campaign would be too much for him just in terms of his health.’
Conyers, 88, is the longest serving House member and was one of the founding members of the Congressional Black Caucus.
House Minority Leader Nancy Pelosi (D-Calif.) and Speaker Paul Ryan (R-Wis.) have both said Conyers should step aside in light of the sexual misconduct allegations leveled against him. Rep. James Clyburn (D-S. C.), the assistant Democratic leader who is also a member of the Congressional Black Caucus (CBC) with Conyers, has also said the Michigan lawmaker should resign.
This post was published at Zero Hedge on Dec 5, 2017.
Following this morning’s tweet, in which Trump said that he was meeting with top Democrats Chuck Schumer and Nancy Pelosi to keep the government open, but because “they want illegal immigrants flooding into our Country unchecked”, he “doesn’t see a deal“, and which sent the T-Bill market turmoiling as mid-December government shutdown odds surged, moments ago the top two Democratic leaders in Congress pulled out “abruptly” (in AP’s words) of the previously scheduled meeting with President Donald Trump.
Instead of meeting Trump, Schumer and Pelosi shot back with a statement asking for talks with top GOP leaders in Congress. The top democrats said they’d skip a ‘show meeting’ at the White House and instead ask for a meeting with their Republican counterparts, House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell.
‘Given that the President doesn’t see a deal between Democrats and the White House, we believe the best path forward is to continue negotiating with our Republican counterparts in Congress instead,’ House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer said in a joint statement.
Some Democrats have called for any year-end spending deal to include legislation that would codify an Obama administration policy providing protection against deportation for young undocumented immigrants brought to the country as children. Trump, who announced in September he was ending the program, has said any deal protecting the so-called ‘Dreamers’ should be paired with funding for a border wall and legislation that would reduce legal immigration.
This post was published at Zero Hedge on Nov 28, 2017.
Just hours after Democratic leader Nancy Pelosi took to NBC’s ‘Meet the Press’ to defend accused serial sexual harasser John Conyers, asserting that Conyers is entitled to due process and adding that she ultimately believes he will ‘do the right thing,’ the 88-year-old Congressman and civil-rights leader has begrudgingly announced that he will step aside as ranking member of the powerful House Judiciary Committee as an ethics probe against him ramps up.
The announcement comes as a surprise consider that Pelosi, in her first public remarks since Buzzfeed revealed the sexual harassment settlements involving Conyers and several former staffers, defended him as an “icon” for both civl and womens’ rights.
Echoing President Trump’s initial response to the accusations against Alabama Senate candidate Roy Moore, Pelosi said she believes Conyers ‘will do the right thing.”
‘We are strengthened by due process. Just because someone is accused – and was it one accusation? Is it two?’ Pelosi replied.
This post was published at Zero Hedge on Nov 26, 2017.
Over the past several months, Democrats have jumped on every opportunity possible to blame the Trump administration for yet another year of staggering Obamacare premium increases. Ironically, despite arguments from the Left that Trump’s defunding of Obamacare’s marketing budget would cause 2018 signups to plunge, as Politico recently noted, they’re actually up in 2018…which begs the question: was the Obama administration just wasting $100 million a year in taxpayer money for nothing? Shocking thought, we know.
Meanwhile a fresh barrage of outcries from Democrats, most notably Ms. Nancy Pelosi, came after Trump’s decision to cut federal subsidies, an action which the CBO insisted could result in devastating premium increases of up to 20%.
Of course, if Trump is responsible for 20% of Obamacare’s premium hikes in 2018, then perhaps Nancy Pelosi should explain to the Dixon family in Charlottesville, VA precisely who is responsible for the other portion of the 235% premium hike they just received.
As the Washington Post points out this morning, the Dixons, a family of 4 in Virginia, were shocked earlier this month to find that their Obamacare premiums were going to surge from roughly $900 per month in 2017 to over $3,000 per month in 2018.
Ian Dixon, who left his full-time job in 2016 to pursue an app-development business, did so because the ACA guaranteed that he could still have quality coverage for his young family, he said.
This post was published at Zero Hedge on Nov 17, 2017.
A Flawless Flock of Scoundrels One of the fringe benefits of living in a country that’s in dire need of a political, financial, and cultural reset, is the twisted amusement that comes with bearing witness to its unraveling. Day by day we’re greeted with escalating madness. Indeed, the great fiasco must be taken lightly, so as not to be demoralized by its enormity.
Of particular note is the present cast of characters. Could Bill Shakespeare himself have come up with a more flawless flock of scoundrels to take the plotless narrative from comedy to tragedy?
There’s President Trump, Hillary Clinton, Paul Ryan, Mitch McConnell, Maxine Waters, Chuck Schumer, Nancy Pelosi, Robert Mueller, the Podesta Brothers, all of Congress; the list of political actors goes on and on. Moreover, it wouldn’t be complete if we didn’t also mention former A-lister’s Barney Frank and O-Bama.
This post was published at Acting-Man on November 4, 2017.
A root cause for Congressional ineffectiveness will be found in the simple fact that the exercise of good governmental judgment cannot possibly compete with re-election pressures. This is why term limits are ABSOLUTELY MANDATORY if we ever hope to have a reasonable government. There is a substantial conflict between good government and corrupt ineffective government. Congress has merely been transformed into a school how to be corrupt and get away with it.
Congress has only at best a 31% approval rating against Trump at 41%. Democrats in Congress are at 29% with Republicans at 36%. Nancy Pelosi is at 35% and Chuck Summer is at 23%. Yet CNN and the New York Times bash Trump as being so unpopular while they ignore Congress’ approval rating.
This post was published at Armstrong Economics on Oct 9, 2017.