Monday, September 21, 2015
Gov. Scott Walker has large personal debt problems, consistent with reports of his negative net worth
Reported here:
"The Republican presidential candidate has cast himself as both a fiscal conservative leader and a penny-pinching everyman on the campaign trail, often touting his love of Kohl’s, the discount department store. His newly published financial disclosure shows that, like many Americans, Walker has few assets, some major debts (including more than $100,000 for student loans for his children), and a punishing interest rate on his credit-card obligations. Walker incurred one credit-card debt with Barclays in 2014, according to the financial disclosure form, and owed between $10,000 and $15,000 at a 27.24 percent interest rate as of July 2015. ... One of Walker’s credit-card debts, to Bank of America, dates back to 2011, his first year as governor, according to the disclosure form. Walker currently owes between $10,000 and $15,000 on that one, with an interest rate of 11.99 percent."
Flip-flopping Scott Walker ends campaign for president, declares war on Trump
Scott Walker's entire political career comes to an ignoble end, lashing out at the man who seized the issue of the time, illegal immigration, from his hands.
Watch Walker triangulate again in the near future and moderate his position on amnesty back to what it was just a couple of years ago. Walker never really opposed amnesty. He just wanted the Republican base to think he did, and now proves it.
The Guardian had the money quotes, here:
“Today, I believe that I am being called to lead by helping to clear the field in this race so that a positive conservative message can rise to the top,” Walker said. “With this in mind, I am suspending my campaign indefinitely.” Walker encouraged other candidates to do the same, “so that voters can focus on a limited number of candidates who can offer a positive, conservative alternative to the current frontrunner.”
A small man was he, not ready for prime time.
Sunday, September 20, 2015
Alexis Tsipras and Syriza consolidate power in Greece without the anti-austerity rebels
At this hour with 75% of the vote counted, Alexis Tsipras and Syriza are set to return to power and head the Greek government for the next four years with 145 seats and a coalition with the Independent Greeks as before, but without the Syriza rebels who left to form Popular Unity. The latter isn't polling even 3% and will not win one seat, meaning there is no viable party representing anti-austerity or a return to the drachma. Turn out at 56% hasn't been this low since 1946 when only 53% turned out when leftists boycotted the election.
US House voted Friday to defund Planned Parenthood 241-187, Justin Amash joins the party
The Roll Call vote is here.
Justin Amash of Michigan, the formerly "consistent" conservative, decided this time to vote to defund, whereas in 2011 he voted "present".
There is no explanation up on his Facebook page as far as I can tell at this hour, his usual claim to fame being that he explains every vote there.
Estimated net worth of Democrats for president in 2016
Chafee $43 million
Clinton $21.5 million
Warren $6.69 million
Webb $4.6 million
Biden $600,000
Sanders $330,506
Estimated net worth of Republicans for president in 2016
Trump $10 billion
Fiorina $59 million
Carson $10 million
Bush $10 million
Santorum $5 million
Huckabee $5 million
Christie $4 million
Cruz $3.17 million
Perry $3 million (out already)
Jindal $2.7 million
Kasich $2.5 million
Paul $1.33 million
Graham $1.02 million
Rubio $443,500
Walker ($71,500), that's right, he's in the hole
Saturday, September 19, 2015
Friday, September 18, 2015
Trump publishes 2nd Amendment position paper, calls for national right to carry
Here:
"NATIONAL RIGHT TO CARRY. The right of self-defense doesn’t stop at the end of your driveway. That’s why I have a concealed carry permit and why tens of millions of Americans do too. That permit should be valid in all 50 states. A driver’s license works in every state, so it’s common sense that a concealed carry permit should work in every state. If we can do that for driving – which is a privilege, not a right – then surely we can do that for concealed carry, which is a right, not a privilege."
Rush Limbaugh can't remember shit about taxes under Reagan: Why do we listen to this guy?
Here yesterday, wrong on both years, and forgetting that G. H. W. Bush raised taxes by adding a 31% bracket in 1991, getting himself defeated by Clinton in 1992:
"What did Ronald Reagan do? When Ronald Reagan took office in 1981 the top marginal tax rate was 90%. And the amount of money raised by the tax code was about $500 billion back then. When Reagan left office in 1989, there were three tax rates, essentially two, but there was a 31% bubble in there. But the top 90%, that marginal rate of 90% had been dropped to 28%. And the amount of money generated by the tax code had doubled, almost a billion dollars, by reducing tax rates."
Revenues in 1981 were $599.3 billion nominal, in 1989 $991.1 billion, up 65%, not 100%. Revenues did not double until 1993-1994, after Bush and then Clinton raised marginal rates as high as 39.6%. Revenues did not double again until 2006. The record shows that whether marginal rates were higher or lower, revenues took twelve to thirteen years to double.
What Rush Limbaugh means by "doubled, almost a billion dollars" is anybody's guess. Only his pharmacist knows for sure.
The facts are that Ronald Reagan persuaded Democrats to bring the top marginal rate down from 70% in 1981 to 50% 1982-1986. After the tax reform of 1986 the top marginal rate dropped to 38.5% in 1987. For three years 1988 through 1990 there were just two marginal rates: 15% and 28%. That was the brief golden age of taxation under Reagan, which his successor totally screwed up.
Reagan had NOTHING to do with the introduction of a 31% bracket. That was all on George Herbert Walker Bush, for which the Democrats recently gave him the Profiles in Courage Award.
Thursday, September 17, 2015
Charles Cook embraces the impotence of contemporary conservatism faced with Donald Trump
Where else but in National Review here, the locus of conservatism as ineffectual cult and ideology, which finds it impossible to revolt against anything except for the rebels:
"As it happens, Trump’s critics do grasp the appeal [of revolt]. What they do not do, however, is act upon it in this manner. The temptation to deliver a bloody nose to one’s ideological enemies is a human and comprehensible one, by no means limited in its allure to the disgruntled part of the Republican primary electorate. But temptation and reasonable conduct are two separate things entirely, and they should always be treated as such. Can one understand the instinct that is on display? Sure. Can one look beneath the surface and do anything other than despair? I’m afraid not. Such as they are, the explanations provided by Trump’s discordant choir are entirely risible and easily dismantled. Great, you’re annoyed! But then what?"
He's obviously proud of it. In 1776 he'd be called a royalist.
Was taking up arms against England "reasonable conduct"? Only a Catholic sensibility could fail to grasp the point. "But then what?" Well, a long war of several years, full of privations and without guaranty of success, followed by another long period of several years preparing for and culminating in a constitutional convention, during which local and colonial institutions were strong enough to support the absence of a centralized framework. The same is still true today, if only the locals more frequently told the federal courts to go to hell, as the Kentucky county clerk recently did.
By definition, an ideology ought to have some ideas in it which form a system, and should be, when all is said and done, unrealistic. That pretty much describes American conservatism since forever: unable to roll back anything, including the income tax, direct election of Senators, universal suffrage, the Federal Reserve Act, the Reapportionment Act of 1929, Social Security, Medicare, the minimum wage, Obamacare, and the enormous regulatory code, and unable to permanently refound the country on any constitutional principles, say, of limited government or separation of powers. Conservatism has a massive record of zero achievement while liberalism's untruths keep marching on like tanks in Tiananmen Square.
Trump's camp, meanwhile, thinks three modest things: the way to make America great again is to restore law and order by starting with enforcing its borders and putting an end to illegal immigration, to bring jobs back to Americans by reforming the tax code, developing energy independence, cutting wasteful spending and punishing unpatriotic corporations who profit from exporting jobs, and to rebuild the military to protect freedom at home and for our friends and allies abroad.
It takes near religious nuttery to call the proponent of these measures "a self-interested narcissist and serial heretic whose entirely inchoate political platform bends cynically to the demands of the moment."
To understand Trump, it takes a village . . . of Protestants.
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