Month: September 2023
Tucker Carlson’s Sycophantic Interview With Trump Illustrates the Advantages of Skipping the Debates
“Whatever you think of Donald Trump, we know what Carlson thinks, thanks to private communications that Dominion Voting Systems uncovered through discovery in its defamation lawsuit against Carlson’s former employer, which agreed to pay $788 million rather than defend its promotion of Trump’s stolen-election fantasy. “There isn’t really an upside to Trump,” Carlson said in a January 4, 2021, text message to his staff, describing “the last four years” as “a disaster.” Back then, Carlson was eager to be rid of Trump: “We are very, very close to being able to ignore Trump most nights. I truly can’t wait. I hate him passionately.” The day after the January 6, 2021, riot by Trump supporters at the U.S. Capitol, Carlson privately called him “a demonic force” and “a destroyer.”
But that was then. Carlson, like the GOP politicians whose phoniness he claims to despise, has adjusted to the reality that Trump remains stubbornly popular among Republicans. He is even willing to reinforce the election conspiracy theory that he publicly called unfounded and privately called a lie. Carlson’s current coziness with Trump was on vivid display Wednesday night, starting with the question of why the “far-and-away front-runner,” whose views are of such keen interest to voters, decided to skip the Republican debate in Milwaukee and any other similar forum in which he might have to defend those views or his record as president against competitors keen to make a dent in his commanding lead.
Trump’s answer was that felt no need to go through that ordeal, precisely because he is so far ahead. Why put up with “all these people screaming at me, shouting questions at me”—which Trump contradictorily claimed he “love[s] answering”—when he could sit down with an interviewer who is desperate to please him, especially in light of the criticism revealed in those embarrassing messages? Anyway, Trump said, he would probably get better ratings “using this crazy forum” than he would on Fox News, which televised the debate that he skipped. “I’m grateful that you did,” Carlson replied.”
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“Trump said Biden “is worse mentally than he is physically,” as evidenced by the fact that he “can’t put two sentences together.” Trump, by contrast, can put many, many sentences together, but they do not necessarily make sense, bear any logical relationship to each other, or stand up to critical scrutiny. Fortunately for Trump, Carlson was offering none of that.”
https://reason.com/2023/08/24/tucker-carlsons-sycophantic-interview-with-trump-illustrates-the-advantages-of-skipping-the-debates/
The U.S. Government’s Bad Credit Means Higher Costs for Us All
“The hike in bond yields and subsequent rise in mortgage rates caught some people off-guard since there was no comparable reaction after the Standard & Poor’s downgrade. But that took place in different economic times when the U.S. government had more room to maneuver.”
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“”Inflation is the economic equivalent of a partial default. The debt was sold under a 2% inflation target, and people expected that or less inflation. The government borrowed and printed $5 Trillion with no plan to pay it back, devaluing the outstanding debt as a result,” he cautions. “Yes, this is not a formal default. And a formal default would have far reaching financial consequences that inflation does not have. Still, for a bondholder it’s the same thing.”
Having been burned by the U.S. government’s policies, investors perceive it as an increasingly risky borrower, just as Fitch (and S&P in 2011) say. As a result, they demand a greater price to loan the feds money—hence higher bond yields. And since 10-year Treasury yields serve as benchmarks for other borrowing rates, such as mortgages, that means higher cost for average Americans who have little say in D.C.’s financial shenanigans but have to suffer the consequences.”
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“”Such high and rising debt would slow economic growth, push up interest payments to foreign holders of U.S. debt, and pose significant risks to the fiscal and economic outlook,” according to the CBO.
That means unpleasant consequences not just for government officials, but for those of us who live in the economy they hobble. The government will have to pay more to borrow, and so will we. We’ll do so in a country less prosperous than it should have been.”
https://reason.com/2023/08/11/the-u-s-governments-bad-credit-means-higher-costs-for-us-all/
Biden’s New ‘Prevailing Wage’ Rule Will Cost Taxpayers, Benefit Unions, and Hike Inflation
“the changes are a significant step backward. Biden is effectively undoing a major change made by the Reagan administration—changes that were made, fittingly, to help combat inflation.
That change, made in 1982, repealed the “30 percent rule” that guided the process for determining what wages would be paid on which projects. Under the 30 percent rule, the prevailing wage for any particular area would be based on the highest wages paid to at least 30 percent of workers within the same area.
You don’t need an advanced degree in accounting to see how that mandate could artificially hike wages on federal projects. The government barred itself from even considering bids that might pay average wages, thereby obligating taxpayers to pay more than they might have had to in an open market.”
https://reason.com/2023/08/11/bidens-new-prevailing-wage-rule-will-cost-taxpayers-benefit-unions-and-hike-inflation/
AOC Slams the FDA’s Harmful Overregulation of Sunscreen
“Sunscreen is regulated like a drug, which means the product is subject to byzantine FDA regulations that have largely thwarted innovation in the category for the last 20 years.
As the economist Alex Tabarrok has pointed out, European and Asian countries enjoy vastly superior options.
“Suncreens in Europe and Asia are better than in the United States because more ingredients are allowed and these create more effective and more pleasing suncreens,” he writes.
This is no accident, but rather the deliberate result of regulatory policy. The European Union, for instance, has approved 27 different compounds for use in sunscreen, whereas the FDA has only approved 17.
“The number of approved ingredients matters because not all filters can seamlessly be formulated into sunscreens or other suitable products for skin application,” writes the Cato Institute’s Gabriella Beaumont-Smith. “Moreover, some of the ingredients approved in the EU and Japan but not the US are more effective and long‐lasting.”
If the FDA won’t clear more sunscreen ingredients for use in the U.S., the agency should at the very least allow reciprocity: Foreign sunscreens could be made available with warning labels noting that they were approved by European health officials but not by the FDA. Of course, the best option would be for U.S. regulators to simply get out of the way and acknowledge that these products are obviously safe for human use. Indeed, not approving them is the greater danger, since using sunscreen is one of the best ways to prevent skin cancer.”
https://reason.com/2023/08/11/aoc-sunscreen-fda-regulation-tiktok-europe/
By Trying To ‘Move On,’ DeSantis Admits His Fight With Disney Was a Political Stunt All Along
“The fact that Florida Gov. Ron DeSantis is now trying to back away from his fight with the Walt Disney Company should confirm at least one thing about the whole ugly mess.
It was never a principled fight against special privileges granted to a private company. It was a political stunt meant to raise DeSantis’ profile on the national stage.
That mission having been accomplished—and with the prospects of a legal battle against Disney looming—DeSantis told CNBC on Monday that he has “moved on” from the issue. He also encouraged Disney to “drop the lawsuit” that it filed in April against his administration.”
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” it would be useful for reporters to ask DeSantis whether he would take similar actions against other businesses whose executives criticize his policies. Disney obviously has the power to fight back, but others might not be able to do so. Is DeSantis willing to admit he was wrong to retaliate against Disney? The answer would be instructive for voters weighing his candidacy for higher office.”
How Middle East Outlets Reframe the News To Fit Their Narrative
The Government Has Made College an Overpriced Scam
“nearly half of the students given loans don’t graduate even after six years.”
https://reason.com/2023/08/16/the-government-has-made-college-an-overpriced-scam/
Temperatures exceeding 123 Fahrenheit plunges country into 2-day nationwide shutdown: ‘Preserve the health of the citizens’
“Iran shut down government agencies, banks, and schools nationwide in early August, with temperatures soaring higher than 123 degrees Fahrenheit in places and the power grid struggling”https://www.yahoo.com/news/temperatures-exceeding-123-fahrenheit-plunges-050000372.html