I have become a big fan of Senator Sasse. His definition of “conservative” is I think right on the money. Though I would say that the term “conservative” doesn’t really feel right to me these days. I would argue that what is today called conservative, very limited government, rule of law, generally an affirmation of The Enlightenment in many respects, is actually quite forward thinking and not retrograde as the term “conservative” implies. I don’t think most “conservatives” want to conserve the massive and intrusive state which this country has been saddled with since the Wilson administration.
We have long made the case that legislators should have to wear sponsor logos on their suits. In California someone is actually trying to make such a thing happen.
Seriously, how fantastic would this be?
Goldman Sachs, AKA Government Sachs, is very active politically. It has sought systematically to get its people into positions of power around the world.
The second best thing to do after having one of the bank’s own in positions of power from the bank’s perspective is to give piles of money to politicians who are likely to be friendly. (Or can be swayed to be friendly.) This is what they did for example with Barack Obama in 2008.
Washington DC is a company town. In Washington money and power flow back and forth in a strange double helix of back scratching and back stabbing. We shouldn’t be surprised that people latch onto Capitol Hill. It’s a seductive place.
Willie Sutton was once asked, “Why do you rob banks?”
The reply, “Because that’s where the money is.”
A similar question could be asked of many a congress person, “Why don’t you go back to the area you once represented?
That’s a bold statement. So bold that if Mr. Edwards turns out to be right it will be one of the greatest calls ever.
The underpinnings of his analysis are sound. Financial assets have been inflated artificially since March of 2009 and we are now (according to Edwards) going to see the deflation of that bubble back to more or less where we were around the time of the Crash.
Gee, I wonder why? It’s so responsive and doesn’t take the citizenry for granted or anything. It’s not like the president is out there winging it with his “pen and phone” or that Congress is passing massive Omnibus bills chock full of cronyism and deals for the Washington connected. It’s not like the nation’s tax agency persecuted certain political groups, or that we can’t get on a plane without being groped or irradiated. It’s not like there is widespread policing for profit going on.
I’ll will say one thing for the F-35. It looks cool.
Top o’ the list? The F-35 joint strike fighter.
This is one of the areas where conservatives need to come to terms with reality. Often “defense” is just a big, giant, massive works program for the defense industry. Money isn’t real in the Military Industrial Complex. A billion here. 10 billion there. We missed a deadline by years and in the process guaranteed ourselves jobs during those years?
“See, this is how high I want my pile of money to be.” PHOTO: Ralph Alswang
This guy is something else. So he wants to keep a bunch of money he raised while he was in the Senate to fund his post-retirement lobbying efforts. I mean it’s not like he’ll make any money selling his influence anyway after he leaves office or anything. But someone simply must keep the former Senate Leader in the lifestyle to which he has become accustomed.
Is anyone surprised by this. Anyone? If you are please leave a comment in the the comments section.
My bet is that no one is surprised by this. Which begs the question. Why aren’t we? And since we are not what should be done about it? And then another question. Why is it that nothing likely will be done to address the many issues at the IRS like this one and other federal agencies, the VA, for instance?
To our liberal friends out there I ask for your indulgence. I have been thinking quite a lot about the presidency over the last couple of days and the power we have vested in the institution. (Or perhaps more accurately the power that has been taken by the institution.)
Presidents always seem to want more power. Republican or Democrat this has been true. But I think this has been particularly true for our current president.
Michael Burry was the hero of Michael Lewis’s book the Big Short, about the Crash of 2008, and also the hero of the popular film of the same name.
Burry is a hedge fund investor (Scion Asset Management) who normally keeps a low profile. Lewis is perhaps the most readable writer on Wall Street today. His articles and books are always hard to put down, partly because he finds either very colorful figures or thoughtful,
We live in a precarious time for the Republic. It’s not the first precarious time by any means, and indeed we’ve seen worse days. However Congress is the weakest it has ever been in the face of an Executive Branch which operates with a “pen and a phone.” There is profound danger in this. If Congress continues to roll over, what might we see from an Executive Branch in the future? Our founders knew the danger of a president who was too strong.
Magnifying Glass Surveillance
If you don’t know yet, CISA, or “Patriot Act 2” was folded into the recently passed Omnibus.