The outbreak of the the COVID-19 virus has been all consuming, both in the news and in our daily lives. As new hot spots pop up across the country, perhaps no place has been harder hit than New York. Governor Cuomo has raised the alarm and earned credit for his calm demeanor in the face of unprecedented trials.
The consuming nature of news of the virus has had the political side effect of putting the presidential campaign on the back burner. Since becoming the clear front-runner for the Democratic nomination, Joe Biden has fallen from the news. Not because of anything he has or hasn’t done but simply because there seemingly is no time for anything else in the news. Continue reading “Presidential Politics and the Pandemic”
The stock markets like stability. Instability makes people take their money somewhere else that they think may be safer (or at least less risky). And as our economy has changed over the last two decades, the stock market is increasingly important to all segments of the US population since most people now have a 401(K) or an IRA. Stock ownership is not just primarily for the more affluent, as it once might have been.
Similarly, business owners like the ‘known’. Business conditions that are unstable or that may change in unpredictable ways make them nervous and fearful of investing in technology and additional jobs.
The stock market averages have plunged almost 30% in the past 2 weeks, prior to recovering a bit on Friday when some averages gained back 6-9%, in the first sign that the financial crash may be stabilizing.
What the markets and the economy need is a steady hand, and a consistent policy to address the current crisis, which is largely the result of the total unknown of how the current coronavirus pandemic will affect us and the economy. Continue reading “Help the Country vs. Help the Ego”
Elizabeth Warren, the junior senator from Massachusetts, announced this week that she was ending her run for President. Warren’s campaign never really caught on.
While running for President, Warren lost her home state of Massachusetts. Well, lost is a kind word. She finished third and did not get even a quarter of the vote. And she did better in Massachusetts than she did anywhere else.
So why was she in the news so much in the last year, and why did that not translate into votes? The explanation is actually pretty easy. Continue reading “Why Elizabeth Warren’s Campaign Never Caught On”
Former FBI Director James Comey, who led the agency during the 2016 Presidential campaign, was in the news again.
Comey, who was criticized by Hillary Clinton campaign saying that he cost her the election by the way he handled the investigation and then was later fired by President Trump for very similar reasons, decided to wade into the Presidential election this year. Comey, who seems to crave publicity as much as anything, announced that he would be voting for Joe Biden.
In a somewhat humorous twist, Biden’s campaign was not thrilled. A campaign media representative for Biden’s campaign quickly tweeted out a sarcastic response, letting everyone know the endorsement was unwanted: “I just received a package that I very much did not order. How can I return it, free of charge?”
After winning this weekend’s Nevada caucuses, Bernie Sanders has become the Democratic front-runner for their nomination for President. Sanders describes himself as a socialist and proposes to totally do away with the capitalist system. He has proposed increases public spending by over $92 trillion over the next ten years (while only proposing roughly $25 trillion in new revenue to pay for it, as an aside). So the fact that he represents the very left-wing of the Democratic Party is no surprise.
But most people would be very surprised at exactly how radical he really is, and has been for his whole adult life. Continue reading “Feel the Bern–the (extreme) Radicalism of Bernie Sanders”
Quick takes from random news and events of the week, including ‘cruelty’ in politics, the death penalty and, it’s election season so more political happenings…. Continue reading “Weekend Quick Takes”
For those who find the ‘politics’ of our political system interesting, here is a look at the race for the Democratic nomination for President, the winner of which will oppose Donald Trump in November. As is usually the case, the race has already given us a few surprises. Continue reading “For Political Junkies Only”