Category: moral hazard

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general freedom moral hazard national politics & policies responsibility

The Russians Are Coming

Russia, Putin, Trump, horseback, illustration

There’s no accounting for taste, especially regarding humor.

For instance, the 1966 film “The Russians Are Coming, the Russians Are Coming” is, to me, a classic. And I think Donald Trump’s recent sarcasm — “Russia, if you’re listening, I hope you’re able to find the 30,000 emails that are missing.” — was funny.

And surprisingly appropriate to the situation.

Did the Russians give WikiLeaks the hacked DNC emails? We don’t know.

Was Trump malevolently, traitorously standing in the middle of Fifth Avenue inviting a foreign adversary to criminally cyber-​attack his political opponent, as hyped? No.

Still, I’m not copasetic with Trump’s apparent buddy-​fest with Russian President — and thug — Vladimir Putin. Yet, Trump is hardly the first American politician to act the fool before Putin.

Republican President George W. Bush bizarrely claimed to have looked into Putin’s soul. It was cloudy that day.

Secretary of State Hillary Clinton jetted over to the Kremlin with a silly “Reset” button. Still, friendly Russian interests have been financially generous to the Clintons.

Russia bailed out President Obama (and Assad) after Syria crossed Obama’s apparently evanescent red line. Recall that open microphone that caught Obama telling outgoing Russian President Dmitry Medvedev to let Putin know, “After my election, I have more flexibility.”

Vladimir Putin must wonder how his Soviet forebears could have possibly lost the Cold War to a country led by such ninnies.

In 2012, Republican Mitt Romney called Russia our number one geopolitical foe … only to be ridiculed by Obama and mocked in the media. “The 1980s are now calling to ask for their foreign policy back,” scoffed a contemptuous Obama. Current Secretary of State John Kerry called it a “preposterous notion.”

Since then, Russia has annexed Crimea, made war in eastern Ukraine and occasionally bombed U.S. forces in Syria.

The Baltic nations, some of which have significant Russian minorities, understandably feel threatened. America has pledged to militarily defend these tiny countries bordering Russia.

But no discussion of that on the campaign trail.

This is Common Sense. I’m Paul Jacob.

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Russia, Putin, Trump, horseback, illustration

 

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Accountability government transparency ideological culture media and media people moral hazard nannyism national politics & policies political challengers porkbarrel politics responsibility Second Amendment rights too much government U.S. Constitution

The Clinton Chasm

Hillary Clinton, trust, lie, truthful, Ezra Klein, illustration, VOX

Hillary Clinton is roundly disliked by millions of outsiders, but admired by hundreds of politicians and activists. What sets her apart?

She listens.

Well, that’s Ezra Klein’s take in “Understanding Hillary,” an almost-​believable piece of apologetics courtesy of Vox.

He calls Hillary’s problem “The Gap,” though “Vast Chasm” is more like it.

There’s a huge difference between how the public sees her — “Polls show most Americans doubt her basic honesty” — and how her fellow insiders feel about her. “She inspires a rare loyalty in ex-​staff,” Klein informs us, “and an unusual protectiveness even among former foes.”

Klein emphasizes Mrs. Clinton’s capacity to talk naturally and listen carefully, when dealing one-​on-​one with insiders and constituents, and in small groups. “She gets things done,” he asserts, though I think what he really means is she moves her agenda forward. Actual accomplishments? Open to dispute.

On the crucial issue of trust, Klein buys into what Hillary is selling. She says people doubt her because she’s been so often attacked.

I don’t know about you, but I doubt her because … well, cattle futures, for starters. Her ridiculous “vast right-​wing conspiracy” dodge to all those rich 1990s scandals: the blue dress, President Bill losing his law license, even the crony takeover of the White House travel office. Hillary has led the way more recently with the Benghazi “video” lie and her private server and email scandal. Plus, witness the ongoing conflict presented by the Clinton Foundation raking in millions from unsavory foreign sources..

Klein, on the other hand, argues that the media is against her.

This is Common Sense. I’m Paul Jacob.

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Hillary Clinton, trust, lie, truthful, Ezra Klein, illustration, VOX

 

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Accountability crime and punishment moral hazard national politics & policies responsibility

Freddie’s Dead

Freddie Gray, police brutality, misconduct, Baltimore, illustration

Marilyn Mosley is frustrated. This State’s Attorney in Baltimore, Maryland, angrily dropped charges against the remaining three police officers not already acquitted in the death of Freddie Gray, who died from injuries sustained while in police custody.

Clearly, Mosley lacked the evidence to convict these officers of murder, manslaughter, false arrest, etc. Were the charges politically motivated, as police allege? Or did police impede her investigation, as she charges?

I don’t know. But here’s what we do know:

Upon sighting police April 12th of last year, Gray ran but was apprehended. Police confiscated a knife, which was perfectly legal to carry. Then police called for a van, and video captured police dragging 25-​year-​old Freddie Gray, screaming in agony, to that van.

Police transported him on a very circuitous route “downtown” that ended up at the hospital, after police discovered during a stop that he wasn’t breathing. A week later Freddie died.

The cause of death was a spinal injury.

The video suggests impairment before the travel therapy administered by police, though the injury could have been worsened in transit. Gray wasn’t wearing a safety belt. In fact, the medical examiner ruled it a homicide based on his not being belted in.

Whether the spinal injury was a freak accident, caused by police misconduct or, as alleged, Gray was trying to injury himself to seek damages, the medical evidence shows no serious bruises or broken bones — just the spinal injury.

We don’t know what happened.

What we do know is that a man was taken into police custody without any legitimate charge, not treated or attended to as he should have been, and he’s dead.

There’s no victory or vindication here for police.

This is Common Sense. I’m Paul Jacob.

 

AND ANOTHER THING: To what degree is Freddie Gray a casualty of the war of drugs? Back in June, defense attorneys for the police released an email that Prosecutor Mosley’s office had sent to police asking for an “enhanced” police presence to combat drug dealing in the area Freddie Gray was arrested. That was three weeks prior to his arrest.

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Freddie Gray, police brutality, misconduct, Baltimore, illustration

 

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Accountability moral hazard nannyism national politics & policies responsibility too much government

ABC’s of Deceptive Politics

con game, politics, redistribution, Clinton

In breaking news, a major politician has promised to give important benefits to the poor and the middle class.

She did not specify where those benefits would come from. But we know where they do come from: taxpayers. What this politician has done is promise to take from some to give others. Actually, it’s even more complicated — after taking from some folks, then there’s the skimming off the top (or: taking a big chunk); and after that, there’s the hoopla about the money she is “giving” back.

This is how politicians work. Vague talk and big promises, backed up by the ability to tax and the sanction to threaten your life if you don’t comply.

Characteristically, they avoid talk of the costs of their actions. They focus on the “benefits.”

Many, many years ago, a great American sociologist explained the process:

A and B put their heads together to decide what C shall be made to do for D. The radical vice of all these schemes, from a sociological point of view, is that C is not allowed a voice in the matter, and his position, character, and interests, as well as the ultimate effects on society through C’s interests, are entirely overlooked. I call C the Forgotten Man.

That was written in 1883. In 1932, a major politician took the term, “The Forgotten Man,” and applied it not to C but to D.

And since then, politicians have tended to ignore C entirely, except to make them feel guilty for not doing more for D (and, by implication, A and B).

You can see why I prefer direct action on discrete issues by responsible citizens. In which the C’s are consulted.

This is Common Sense. I’m Paul Jacob.

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con game, politics, redistribution, Clinton

 

Original Photo Credit: David Goehring on Flickr (Creative Commons)

 

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Accountability free trade & free markets moral hazard national politics & policies responsibility

It’s the Stupid Economy

HIllary Clinton, Obama, Bill Clinton, economy, election, illustration

When Bill Clinton ran for president, the slogan inside his campaign’s war room was a blunt reminder to focus on “the Economy, Stupid.” This was Clinton’s first enduring contribution to the American stock of catch-phrases.

Now, Bill’s wife, Hillary, seeks the top banana position. But she has a harder job than Bill: he could fight against a lackluster incumbent caught in a big lie (“No New Taxes,” another slogan). Hillary is almost required to defend the outgoing president, in no small part because she served in his Cabinet.

If she were candid, she’d address the weak recovery and long-​term stagnation.

Her slogan could be, “It’s the Stupid Economy.”

No matter what politicians say, however, secular (long-​term) stagnation is a thing. Lots of people have given up, are off the roles of job-​searchers and so don’t appear in official unemployment statistics, and too many people have taken early retirements on trumped-​up disability claims.

At least, economist Lawrence Summers is decrying it, jet-​setting around the world to meet with financial leaders and political functionaries.

I doubt his diagnosis, however. Summers talks Keynesian, pointing to inadequate aggregate demand. While there may be something to the general shift in the desire to hold monetary assets, leading to deflation and even negative interest rates, I bet the underlying problem is regime uncertainty — when widespread fears of the future and doubts about governmental consistency and follow-​through lead the owners of capital to withhold investing in production.

There are also the effects of general regulatory and redistributionist kludge.

When the problems stem from your favored policies, you can’t revive FDR’s slogan “nothing to fear but fear itself” and let it go at that.

Hillary will surely explain — Thursday night.

This is Common Sense. I’m Paul Jacob.   

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HIllary Clinton, Obama, Bill Clinton, economy, election, illustration

 

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Accountability general freedom moral hazard nannyism national politics & policies Second Amendment rights too much government U.S. Constitution

The Freak-​out Factor

gun, control, 2nd Amendment, Republican, police

Most folks are so unused to seeing normal people carrying guns around, out in the open, that when they it, they freak out.

Among those who are at least, well, unsettled by the spectacle? The police.

Funny, the gun freaker-​outers don’t usually freak when they see police with guns. But that may be changing as more and more video footage comes out regarding police shootings of suspects under suspicious circumstances.

It is not exactly by accident that there are protests in numerous cities.

So, police being human, we cannot be surprised when, after the Dallas and Baton Rouge killings of police, “[t]he head of the Cleveland police union called on the governor of Ohio to declare a state of emergency and to suspend open-​carry gun rights during the Republican national convention.…”

The governor’s office responded that Gov. John Kasich had no authority to do such a thing. Open carry was a law in the state. Only inside buildings could carry rights be suspended (as they have been, selectively).

Steve Loomis, the Cleveland Police Patrolmen’s Association head, said that he did not “care what the legal precedent” may be, and “couldn’t care less if it’s legal or not.”

If Loomis, a leader in “law enforcement,” boasts this attitude, no wonder police have had so many trigger finger incidents, sparking so much anguish, protest, and debate.

It’s time for police to rethink their approach to people who have rights to carry weapons.

Perhaps more importantly, we should all try not to freak out so easily.

This is Common Sense. I’m Paul Jacob.

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gun, control, 2nd Amendment, Republican, police