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Townhall: Wasting Away Again in Weiner-ville

Click on over to Townhall for a bit of closure regarding the latest wrinkle in the epic of Hillary Clinton’s corruption, the sexting follies of the husband of her chief aide.

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Today

Colombia

On May 21, 1851, slavery was abolished in Colombia, South America.

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video

Privacy and Data: A Cautionary Note

A new development worth thinking about.

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Today

Mill and Passy

French economist and co-winner of the first (1901) Nobel Prize for Peace, Frédéric Passy, was born on May 20, 1822.

English economist and philosopher John Stuart Mill was born exactly 16 years earlier.

JohnStuartMill

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Thought

Oscar Wilde

A man who does not think for himself does not think at all.

Oscar Wilde, The Soul of Man Under Socialism, 1895.

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Accountability insider corruption moral hazard national politics & policies porkbarrel politics too much government

Cronyism Pays

CATO, FEE, crony, cronyism, Washington, corruption, elites, lobbyist, politicians, privilege, power

Daniel Mitchell, a senior fellow in fiscal policy at the Cato Institute, is a nice guy. But he’s sort of depressing, too.

Weeks ago, writing for the Foundation for Economic Education (FEE), Mitchell offered that “The Washington, DC Gilded Class Is Thriving.” He even provided a “depressing chart” graphing “median inflation-adjusted household income for the entire nation and for the District of Columbia.”

There is a graphic divide: while “the nation’s capital used to be somewhat similar to the rest of the nation . . . over the past 10 years, DC residents have become an economic elite, with a representative household ‘earning’ almost $14,000 more than the national average.”

Dan Mitchell highlights that “the entire region is prospering at the expense of the rest of the nation.” Among the nation’s counties, the top four wealthiest are in suburban Washington, D.C. The nation’s capital region boasts nine of the country’s top 20 richest counties.

Now Mitchell’s back with another FEE column exclaiming more bad news: “The ROI for Cronyism is Huge.” (ROI is “return on investment.”)

Mitchell cites a study entitled, “All the President’s Friends: Political Access and Firm Value,” conducted by University of Illinois professors Jeffrey R. Brown and Jiekun Huang. “Using novel data on White House visitors from 2009 through 2015,” they explain, “we find that corporate executives’ meetings with key policymakers are associated with positive abnormal stock returns. . . .”

The authors find a lot evidence showing that “political access is of significant value to corporations.”

None of this should surprise. Cronyism pays, and it sticks close to power, even geographically.

This is Common Sense. I’m Paul Jacob.

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Today

Wilde Released

On May 19, 1897, Irish author, playwright, and poet Oscar Wilde (October 16, 1854 – November 30, 1900) was released from Reading Prison, where he had finished, in ill health, his hard labor sentence for “gross indecency.” His “Ballad of Reading Gaol,” first published pseudonymously in a periodical with wide circulation amongst criminals, quickly achieved the status of a classic, and one of only two great works following his imprisonment.

He died less than three years later, in exile in Europe. His most famous works include the play The Importance of Being Earnest, the novel The Picture of Dorian Gray, and the fascinating essay “The Soul of Man Under Socialism.”

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Accountability crime and punishment government transparency moral hazard national politics & policies U.S. Constitution

Feckless, Indeed

House Oversight Committee, Jason Chaffetz, Justice Department, information, Congress, Executive Branch, Legislative Branch, checks and balances, secret, secrets

Last night, House Oversight Committee Chairman Jason Chaffetz (R-Utah) appeared on Fox News’ Tucker Carlson Tonight, where Chaffetz was asked how he would know if the Justice Department fully complied with subpoenas issued by his committee for documents.

“Look, we have a storied and horrific background on this,” explained the Utah representative, retiring after this, his fifth term in Congress. “You can go from everything from Fast and Furious to the Benghazi investigation, email, IRS, anything pretty much over the last eight years, which I’ve served in Congress, and I don’t believe we ever got a full production out of the Department of Justice or the State Department.”*

“I can issue a subpoena unilaterally. It’s part of my constitutional responsibility to provide that check and balance,” argued Chaffetz. “But that subpoena is only as strong as its ability to be enforced.”

Problem? Enforcement requires Congress to work through the DOJ, part of the executive branch. Tricky . . . when the Department of Justice** itself is being subpoenaed.

“You’ve seen, for instance, Judicial Watch,” Rep. Chaffetz noted. “Tom Fitton has much more power using a Freedom of Information Act, because he can get to the courts and the courts can force them.”

“The Department of Justice is afraid of a court; they’re not afraid of Congress.”

He added, “And we don’t use the power of our purse; we don’t beat it over their head and we don’t enforce it. And so it’s somewhat feckless, and it’s very frustrating as somebody who is chairman of the oversight committee.”

“Congress should have an expedited way to get to the courts to enforce those subpoenas,” Chaffetz offered.

Why, then, doesn’t Congress enact such a process?

This is Common Sense. I’m Paul Jacob.

 

* “And that continues, by the way,” Chaffetz added. “One of my frustrations, with all due respect to the Trump administration, is that they have not loosened up the documents that we have been requesting for years.”

** Or, for that matter, any another executive branch agency.

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Thought

Oscar Wilde

Selfishness is not living as one wishes to live, it is asking others to live as one wishes to live.

Oscar Wilde, The Soul of Man Under Socialism, 1895.

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Today

Heresy and Slavery

On May 18, 1593, playwright Thomas Kyd’s accusations of heresy led to an arrest warrant for fellow playwright Christopher Marlowe.

Kyd was the famed author of The Spanish Tragedy, and “Kit” Marlowe [pictured] was known for a number of plays, including The Jew of Malta and The Tragicall History of the Life and Death of Doctor Faustus.

Marlowe died a few weeks later, on May 30, without having been arrested. The circumstances of his death were bizarre, suspicious — as if written by a playwright.

On May 18, 1652, Rhode Island passed the first law in English-speaking North America making slavery illegal.