Relevant and even prescient commentary on news, politics and the economy.

Sour Grapes

As I write, Brett Kavanaugh is not yet a Supreme Court Justice. I assume he will be one soon. I am going to argue that this is the best of the bad possible outcomes. Yes this is making the best of a bad situation and pathetic motivated reasoning. Yes Collins’s speech drove me into an […]

Textualism and The Exegesis of the 1982 Georgetown Preparatory School Yearbook

My understanding is that Bret Kavanaugh presents himself as a textualist, following Antonin Scalia he argues that words in the constitition and laws should be interpreted using their conventional meanings when they were written. This is in contrast to the different approach based on considering legislative history (which is impossible for the main body of […]

A Weak Defense of Citizen United: Ownership v. Control

A Weak Defense of Citizen United: Ownership v. Control Many thanks to Peter Dorman for highlighting Citizens United As Bad Corporate Law. I guess we had to endure this comment, which is a really weak rebuttal: Corporate shareholders are most definitely owners; they alone have the authority to sell their shares or the company’s assets. Their rights are […]

Citizens United, Thoroughly Debunked

Citizens United, Thoroughly Debunked I admit I haven’t paid too much attention to debates over Citizens United, since I regard the direction taken by regulation, control over who may contribute to political campaigns and how much they can put up, to be misguided.  I would like to see comprehensive control over how much money can […]

BRETT KAVANAUGH: A MULTIPLE TRAIN WRECK IN MANY DIMENSIONS

by Brad Delong (originally published at Grasping at Reality with at least Theree Hands) BRETT KAVANAUGH: A MULTIPLE TRAIN WRECK IN MANY DIMENSIONS: MONDAY SMACKDOWN I confess that I have been procrastinating on various things. Why? Because I have been unable to tear my eyes away from the multiple train crash that is the confirmation […]

Hannity as Goebbels

Hannity as Goebbels Joseph Goebbels famously said that if you want to convince a populace of A Big Lie (fake news), then you do it by repeating it, over and over and over again.  For a long  time I have been keeping an eye on Hannity, reportedly nightly conversing with Trump after his show.  What […]

Financial Arson Report: This Time It’s Blatant

Don’t say I didn’t warn you (in particular, don’t say I didn’t warn you on September 25 2008). Naked CDS make financial arson profitable. It is also, probably, legal. It seems Blackstone made some money by threatening financial arson (arson meets grenmail). WSJ (via Drum) Blackstone offered Hovnanian a low-cost loan and persuaded the builder […]

Take Back ICE

Take Back ICE U.S. Immigration and Customs Enforcement (ICE) was established 15 years ago: ICE was granted a unique combination of civil and criminal authorities to better protect national security and public safety in answer to the tragic events on 9/11. Leveraging those authorities, ICE has become a powerful and sophisticated federal law enforcement agency. My […]

It is All in the Timing

In his editorial “Say Hello to Your Boy. A Special Guy,” Josh Marshall at TPM had this to say: “When I first read the Times story I wasn’t sure whether the younger Kennedy (Justin), whose title was Managing Director and Global Head of Real Estate Capital Markets, would have been someone to actually make loans […]