It was a very good speech. No doubt about it. Better than anything at The Oscars that’s for sure.
Ah yes. Junket jets.
This dear readers, and particularly dear Democrat readers, is the leader of the Dems in the House of Representatives. Here she is. A woman who in spite of handing the House back to the Republicans years ago under her leadership, and after yet another bruising election for the Democrats which really has rendered the Dems almost a regional party, remains at the head of the party. Almost Castro style at this point.
The identity politics that has so defined the Democrats over the past 15 years or so has failed.
This is a very interesting discussion with one of the “good guys” in Washington (there are a few) on the nature of government and where we have gone wrong.
We have said before that no Fed Chair was ever “free market.” This absolutely includes Mr. Greenspan. His legacy is one of a price fixer, an economic manipulator, a bubble blower, and ultimately one who in many ways ushered in the crony era we live in today.
But as we see in the attached piece from Sebastian Mallaby, Allan Greenspan, the one time “Maestro,” knew better all along. He knew that Fed policy could and typically did destabilize the real economy.
This money (US taxpayer money) often just goes to the crony classes within these countries. Those positioned to take advantage of the USA’s largesse do well. The “people” often do less well. Especially when considering that much of this money goes to arms. (American arms.)
When it comes to military aid both the Military Industrial Complex lobbyists and the lobbyists of favored countries team up to make sure American taxpayers continue to pay the bills for their clients.
Interest rates ain’t a’gonna go up significantly anytime soon. It blows up the budget. (Of course if they do, or have to, then things get REALY interesting.)
This will never happen because Congress has GOOD healthcare. They excluded themselves from Obamacare. Do you think they would ever throw themselves into the Veterans Affairs system? Not – a – chance. But it’s good to have them on the record as being hypocrites.
The VA system is a disaster. It does not serve our veterans as it should. Indeed as has been covered many times by many outlets hundreds of thousands of vets have died just waiting for treatment.
ACC is a completely non-partisan organization. We do not support/endorse or oppose any candidate for office. We believe that both major parties are heavily influenced by special interests and will report on crony capitalism wherever and whenever we see it.
Lobbying is the big prize at the end of the line for many members of Congress. If one is already rich one can stick around as Senator or Representative. If however one is not rich K Street and the life of Gucci Gulch is always there. No one (it seems) leaves. No one quits. They shift, and they shift from Capitol Hill to Downtown a few blocks to the south and west.