Morning Briefing
For February 21, 2014
Standing With Matt Bevin
Matt Bevin ran a company, something Mitch McConnell has not done.
While running that company, Matt Bevin put his signature on a prospectus for his company in which the company touted the economic benefits that would be derived from TARP. Pretty much every financially oriented business in America did the same at the time. That’s what Mitch McConnell, George Bush, Hank Paulson, and virtually everyone in Washington was telling everybody.
Matt Bevin did not vote for TARP. He did not lobby for TARP.
Mitch McConnell not only voted for TARP, but he whipped up votes for it. McConnell called passing TARP one of the finest days in the Senate’s history.
Mitch McConnell and his supporters are now attacking Bevin for touting the positive economic benefits to his business from TARP. It is, they say, hypocrisy for him to beat up McConnell for voting for it. . . . please click here for the rest of the post →
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I’ve spent most of the last 12 hours debating whether or not conservative hero Thomas Sowell jumped the shark with a recent article he wrote about Senator Ted Cruz.
In it, Sowell warns against the politics of self-interest and the dangers of failing to unify at delicate points in history. More to the point, he accuses Ted Cruz of working against such unity and invokes some historical context as part as an example of the potential consequences of what Sowell apparently believes to be recklessness.
The example he uses has been the source of much controversy. . . . please click here for the rest of the post →
Federalism Prohibits Preemption of States on Broadband Safeguards
Federal regulation of the Internet is a bad idea. So is federal regulation of states that would rather keep their local governments out of the Internet business. . . . please click here for the rest of the post →
Sean Trende runs the numbers on the 2014 Senate, nearly suffers total protonic reversal.
My eyes keep skittering over this Sean Trende piece about likely 2014 Senate losses. Not because it’s bad news: it’s not. . . . please click here for the rest of the post →
The minimum wage: a regressive tax on the poor and young
Socialist politics are an unflagging quest to repeal the laws of supply and demand at any expense, provided the expense is paid by someone other than the socialists. Thus we have the great Democrat Party economic brain trust – the same people who said unemployment benefits are the most powerful job-creating stimulus in the universe – gasping like fish stranded on the sun-baked deck of a trawler as the Congressional Budget Office projects their minimum-wage increase could kill up to a million jobs. And not in the customary 10-year “tomorrow will never come” window, but in one concentrate blast over the next two years. . . . please click here for the rest of the post →
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