Will fiscal responsibilimania cause another Roosevelt Recession?

By Dan Brooks in Public Discourse 1 Comment

It’s moving day here at the Combat! blog offices, where certain dismayingly materialistic acquisitions (real mattress) have led us to A) complain that this was much easier last time, when literally everything we owned fit into the bed of a Ford Ranger and B) assume that the economy has recovered. Things must be going well when even people who don’t want stuff have stuff, right? Of course it turns out that things are not so sunny. The US economic metaphor has been upgraded from crash to lingering illness, and while total work hours, productivity and corporate profits are all up, unemployment and the housing market—the two segments of the economy that most pertain to actual people and not Excel files—continue to suck it for coke money. And yet, the hot issue in politics is deficit spending. As the New York Times points out, the international mania for curbing government spending and balancing budgets—which has thus far dominated the G-20 summit, to say nothing of discourse at home—has the potential to trigger another Roosevelt Recession. What the fudge is that, you ask? Looks like someone’s going to have to click on the jump.

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Close readings: Unemployment extension defeated in Congress

By Dan Brooks in Close Reading 3 Comments

Senate Minority Leader Mitch McConnell, presumably saying "yea" very quietly.

Late Thursday night—while the rest of us were having a dream in which we go to the bank and the teller says “Your account has accumulated substantial interest, Mr. Brooks,” before opening a vault full of zombies, zombies—Congress did not pass an unemployment benefits extension. Already we enter the realm of subjectivity. In strict, learn-about-it-in-high-school journalism practice, one is discouraged from constructing stories around what did not happen.* The headline on the AP story—Congress fails to pass an extension of jobless benefits—has the word “fail” right in it, as if passing the bill to postpone expiry of unemployment benefits for one million Americans were something the legislative branch meant to do and just couldn’t put together. In some sense, that’s kind of accurate. The Senate voted 57–41 in favor of the bill, but a Republican filibuster derailed it during procedure. Those are the facts. What happened depends on what news you read.

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A little insight into the Tea Party constituency

By Dan Brooks in Tea Party 12 Comments

Image courtesy of our platonic friends at moronswithsigns.blogspot.com.

First of all, when is Obama gonna get going with the infanticide already? He’s been in office for fifteen months now, and I haven’t seen even one centurion dash a Christian child against a tall palm. Maybe that’s because I haven’t been looking in Florida, though. The New York Times has conducted what appears to be the first semi-scientific poll to determine Tea Party demographics, and found that “the 18 percent of Americans who identify themselves as Tea Party supporters tend to be Republican, white, male, married and older than 45.” That shouldn’t surprise anyone. What is counterintuitive is that Tea Party supporters turn out to be, on average, richer and more likely to hold college degrees than the general public. The majority describe the amount of money they paid in taxes this year as “fair.” They usually or almost always vote Republican, 57% of them hold a favorable opinion of George W. Bush, and a plurality of them believe that Sarah Palin is unqualified to be president. And 25% of them say that the federal government under Barack Obama favors blacks over whites. Sounded almost sane there, for a second, didn’t they?

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Arguing over facts: House health care bill cuts deficit by $130 billion, maybe

By Dan Brooks in Public Discourse 7 Comments

A rare un-photoshopped image of Nancy Pelosi. Seriously, Google her and try to find a picture of her head not on a dog's body.

The Congressional Budget Office released its preliminary assessment (caution: boring) of the House health care reform bill this morning, and the news is good: if all goes as planned, the Reconciliation Act to HR 4872 and HR 3590 will reduce the deficit by $130 billion in its first ten years. Notice that I say, “the news is good,” and not “the news is good for Democrats.” Finding out that a plan to improve the general welfare might actually save us a bunch of money is nice; if you like the idea of poor kids having medicine but don’t like the idea of the United States becoming a wholly-owned subsidiary of China, the CBO report should be a load off your mind. Of course, if you’re some sort of professional demagogue whose opposition to health care reform has been based on the supposedly enormous tax burden it will place on your audience, it puts you in a tough position. Theoretically, you should change your mind—deficits bad: health care bad, so now deficit reduction good: health care good—but that would feel uncomfortably similar to being wrong. No, when your position suddenly stops lining up with the facts, your only option is to change the facts.

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The Senator from K-Y: Jim Bunning effs America right in the A

By Dan Brooks in Politics versus Government, Uncategorized 3 Comments

Bunning describes to his grandchildren the opportunity to serve his country that got away.

Senator Jim Bunning (R–KY, net worth $607,000*) continued his objection to a 30-day extension in federal unemployment benefits and highway funding reimbursements today, after successfully stopping the bill on a point of parliamentary procedure Thursday. Yesterday morning, two thousand federal transportation workers were furloughed without pay, thanks to Bunning’s insistence that a specific funding source be identified for the $10 billion bill and, presumably, the rest of the $3.8 trillion federal budget. On a more personal level, my father had his last day of work on Monday, having opted not to retire on Friday so that he would be eligible for COBRA health insurance through the end of March. That program, too, has been suspended, and now my father does not have health insurance because a Hall of Fame pitcher from Kentucky has taken it upon himself to end the welfare state. Bunning repeatedly affirmed his objection even as Democratic senators pointed out unemployment numbers in Kentucky, expressed their dismay at being kept up late, and generally employed the means by which an old man is made to feel shame. While Bunning was overheard swearing and complaining that he’d been “ambushed,” he held to his resolve, and the bill could not come to a vote. Which brings us to where we are now.

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