Politics

'It’s the economy, stupid!' With those now famous words, the Democratic strategist James Carville summarized the 1992 election between President George H.W. Bush and Arkansas governor Bill Clinton. Carville captured a fundamental reality. From 1932 to today, only three incumbent presidents have lost their reelection campaigns: Herbert Hoover in 1932, Jimmy Carter in 1980 and H W Bush in 1992. Each man fell thanks to economic woes. As of March 1, 2020, Donald Trump’s reelection campaign was also all about the economy, stupid. Trump’s 'Keep America Great!' economic record had been very strong. The stock market had hit record highs, with the S&P 500 reaching nearly 3,400 and the DJIA almost topping 30,000 in mid-February.

Three weeks after announcing his bid for the Libertarian party presidential nomination, Justin Amash has called it off. What went wrong? His brief campaign was a media success, if nothing else — and spreading the libertarian gospel to a wider audience by getting on shows like Meet the Press is all that a Libertarian nominee can reasonably ask for. Amash couldn’t have had any illusions about that: he’s self-indulgently idealistic, but he’s not stupid. Was he in danger of failing to get the nomination? If history is any guide, he should have been a shoo-in. The Libertarian party nominated less qualified and capable ex-Republicans in each of its last three presidential contests. Amash had a small-l libertarian voting record in Congress.

Who is the proposed new $3 trillion stimulus package designed to help? If enacted, the bill — which narrowly passed through the House yesterday, with a break in both party lines — would follow from the $2 trillion package passed in March. But it’s not getting past the Senate, at least not in its current form. Despite broad consensus that the first stimulus wave for businesses and families was a necessary emergency measure to help get America’s economy through the COVID crisis, this next round has become increasingly political, looking more like election postering than a thorough plan for the next phase of the pandemic.

Without a doubt, women who level sexual assault allegations against powerful men are often subjected to character assassination and smears.However, evaluating the credibility of a person who alleges that a presidential candidate committed a grievous act of criminal violence is not the same as ‘smearing’ that person.I’m not interested in smearing Tara Reade, who claims to have been raped by Joe Biden. For one thing, I have no particular affinity for Biden. You can go check my archive at The Spectator and elsewhere for numerous examples of articles in which I harshly criticize Biden, especially for his own pattern of deception as it relates to the circumstances of his 2002 Iraq War vote.

Acting Director of National Intelligence Ric Grenell has dropped a massive bombshell in the counter-investigation on Russiagate. In a document obtained by CBS News's Catherine Herridge, Grenell revealed that Obama administration officials sought to 'unmask' Gen. Michael Flynn 48 times after Trump was elected president. Those officials include, among others, Vice President Joe Biden, former UN ambassador Samantha Power, DNI James Clapper, CIA director John Brennan, FBI director James Comey, and President Obama's chief of staff Denis McDonough. Why is this important? Unmasking isn't illegal — officials with the proper clearance can request the identities of Americans whose conversations are incidentally collected during foreign surveillance.

Late last December, Democrats were heading into the homestretch of their presidential primary optimistic that although they faced an internal battle about their party's position on healthcare, they could easily outrun President Trump on the issue. Healthcare proved to be a winning issue during the 2018 midterms when Democrats took back the House, catching Republicans flat-footed on a policy issue they had failed to present a new, cohesive idea on since 'repeal and replace Obamacare'. Democrats hoped they could replicate this success in 2020, as Trump repeatedly floated the possibility of a new Republican plan on healthcare but had yet to actually unveil one. The strategy seemed good on its face; healthcare was constantly polled as the top issue for voters in late 2019 and early 2020.

Soon enough, Congress will hold hearings to investigate the federal response to the Wuhan virus pandemic. It is almost a guarantee those efforts will find failures, as no government is ever really prepared for 100-year catastrophic events. We’d like to think our government can handle anything, but, as countless Inspector General reports show, the federal government routinely fails to do the ordinary work of government. Expecting flawless execution with the extraordinary is delusional. I should know because 15 years ago I served as a senior-level official at the US Department of Homeland Security. My various roles exposed me to several events that contained valuable lessons I see playing out yet again in America’s response to the Wuhan pandemic.

Andrew Cuomo is having the time of his life. His approval ratings are through the roof and he’s being talked about as a replacement for Joe Biden should Joe wander off somewhere without his Visiting Angel, never to be found again. Hipster merchandise featuring his face is exploding on Etsy and he’s getting a nightly hour with his own brother on CNN to chat about oh, this and that, and whatever is happening in his day at the given moment. It’s quite the arrangement!

Just moments ago, the news came in that Department of, um, Justice has dropped its — 'um' again — Gen. Michael Flynn, President Trump’s first national security adviser. 'The Government has determined,' the Court filing read, 'pursuant to the Principles of Federal Prosecution and based on an extensive review and careful consideration of the circumstances, that continued prosecution of this case would not serve the interests of justice.' You think? It’s being blared about the internet that now, finally, at last, the 30-year military veteran has got justice. Not yet he hasn’t.

Inequality is the price we pay for civilization. Property rights, inheritance customs and unequal gains from technological innovation have long divided us into haves and have-nots. Because stability favors such disparities, it usually took powerful shocks to flatten them. The collapse of states wiped out elites. The World Wars slashed returns on capital and imposed heavy-handed regulation and confiscatory taxation. Communist regimes equalized by force and fiat.The greatest plagues also turned into levelers, by killing so many that labor became dear and land cheap. For a while, the rich became less rich and the poor less poor: Europe after the Black Death is the best-known example.