Tag: Elizabeth Warren

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free trade & free markets political economy

Unconscionable Greed!

Bernie Sanders, Elizabeth Warren, price gouging, inflation

It’s easy to blame others for greed. And when prices rise, I suppose I can imagine being so upset that … well, if not my mind, Bernie Sanders’ mind … would become unhinged:

“Greed. Greed. Greed. While Americans are struggling at the pump,” the senator tweeted on Friday the 13th, “in the first three months of this year, oil and gas companies made over $41 billion in profits, more than double their profits from last year. The problem is not inflation. The problem is corporate greed.”

That’s Bernie Sanders for you. It’s not government profligacy or Federal Reserve monetary policy or the Biden Administration’s anti-​fossil fuels agenda … or supply-​line problems, persisting COVID-​lockdown effects, or anything else.

Just greed.

But is greed somehow cyclical? Why were greedy corporations providing cheap gas a year ago and then able to raise it only under Democrats’ rule?

Alas, Bernie isn’t the only low-​brow demagogue in the Senate. There’s Senator Elizabeth Warren pushing a new “price gouging” bill.

So, just as Bernie never answers “why is greed so successful at gouging now?,” how does Liz answer the burning question “how can we objectively define ‘price-​gouging’?”

As journalist Catherine Rampell observes on Twitter, the senator’s definition in the bill is less than enlightening: “price-​gouging” is “just pricing that is ‘unconscionably excessive.’”

Now that, Senator Warren, is unconscionably vague.

And incidentally, aren’t both senators on the record as demanding higher gas prices to usher in “green energy” to “save the planet”? This all seems unconscionably … deceptive.

This is Common Sense. I’m Paul Jacob.

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Photo credits: Warren/​Bernie/​money

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First Amendment rights national politics & policies

The Senatorial Suppressor

Elizabeth Warren, censorship, 1st Amendment, free speech

The brazenness of governmental assaults on freedom of speech continues apace.

In addition to “aggressive IRS scrutiny” of conservative groups, using campaign finance regulations to suppress speech, and FBI raids on homes of perpetrators of journalism, we are seeing government officials openly demand that private firms suppress speech.

In September, U.S. Senator Elizabeth Warren wrote a letter to Amazon chastising it for promoting books that contradict the government line about matters pandemical.

One target of Warren’s finger-​wagging is The Truth About COVID-​19: Exposing the Great Reset, Lockdowns, Vaccine Passports, and the New Normal by Joseph Mercola and Ronnie Cummins.

I don’t know how cogent it is. I’m willing to let the authors make their case.

Not Senator Warren.

In her public letter, she rebukes Amazon for being “unwilling or unable to modify its business practices to prevent the sale of falsehoods . . . .” That’s a lot of book-​warehouse-​burning implicitly rationalized. How many classics of Western civilization contain falsehoods? Not to mention the I Ching.

Now the authors and publisher of The Truth About COVID-​19 have sued Warren for acting to violate the First Amendment by proxy. Their filing cites a 1963 Supreme Court ruling that politicians violate the First Amendment when telling booksellers that selling certain books may be “unlawful.” Exactly what Warren does in her letter.

As that Court put it, “people do not lightly disregard public officers’ veiled threats.” 

Let’s hope that today’s Supreme Court recognizes the same reality.

This is Common Sense. I’m Paul Jacob.

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Phil of It

Elizabeth Warren,

If Punxsutawney Phil peaks out and sees his shadow, are we doomed to another six weeks of political pall?

And speaking of palls, Senator Elizabeth Warren, slipping in the polls, has unveiled YET ANOTHER PLAN.

Contemplate that very fact for a moment. The Distinguished Pocahontas Professor of Planning proposes to “combat disinformation by holding big tech companies like Facebook, Twitter and Google,” Sunny Kim regales us from CNBC, “responsible for spreading misinformation designed to suppress voters from turning out.”

Warren vows to “push for new laws that impose tough civil and criminal penalties for knowingly disseminating this kind of information, which has the explicit purpose of undermining the basic right to vote.” 

Notice her flip of America’s script? 

Swapping free speech for policed speech doesn’t upgrade politicians, regulators and judges to philosopher king status, able or justified to distinguish true information from mis- or dis-.

And is our basic right to vote really being undermined by “memes”? 

Give me a break. 

Confusing rights with influence, or some virginal lack thereof, is pure political poison.

Or it would be if anyone took Warren seriously anymore.

Meanwhile, PETA is horning in on Punxsutawney’s celebrated Groundhog Day.

“People for the Ethical Treatment of Animals is calling on the keepers of the weather-​forecasting groundhog to let him retire,” CNN tells us, “and to be replaced by an animatronic groundhog.”

PETA got what reads like a Babylon Bee article into the news. “By creating an AI Phil,” the group’s letter to the Pennsylvania operation runs, “you could keep Punxsutawney at the center of Groundhog Day but in a much more progressive way.”

Is Elizabeth Warren’s notion also ‘progressive’?

Seems the opposite. But animatronics might be involved.

This is Common Sense. I’m Paul Jacob.

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Elizabeth Warren,

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Hillary’s Hot Sauce — Reflux

Elizabeth Warren, Hillary Clinton, Beer

The one thing the Elizabeth Warren for president campaign cannot afford is ‘I’m With Her’ redux.

Hillary ‘the “her”’ Clinton came off as ultra-​phony. She tried too hard to be something she is not — that is, likable and not an elitist. Mrs. Clinton’s attempts to seem normal were transparently clumsy. Even cringe-​worthy, as when on The Breakfast Club with ‘Charlemagne the God,’ she said that she carried hot sauce in her purse.

You know, because, just like black Americans, she really loves her hot sauce.

The faux-​Cherokee Senator from Harvard already has an honesty problem to deal with, just like Hillary. She doesn’t need a Witless/​Senescent Boomer aura on top of that.

But that she suffers from just this sort of insincerity became clear in her first livestream, the most inauthentic aping of normalcy most of us have ever seen. And now there is ‘Warren’s Meme Team,’ a Twitter account designed to marshal young people to make ‘memes’ that will support Warren just the way Trump’s supporters Pepe‑d Trump’s success in 2016. 

Publicizing the notion of “saving the nation with selfies and memes” (in the words of the account) sinks Warren below Hillary down to Biden-​level cluelessness. As Dave Cullen relates on Bitchute, the ham-​fisted and “unintentionally hilarious” scheme “smacks of sterile, joyless corporate marketing jargon.”

If Warren loses to Trump next year, it won’t be cause of sub-​par memes, of course. It will be because of mimesis — that is, mimicry — of Hillary Clinton.

Or because Warren, the self-​professed capitalist, is viewed as a socialist.

This is Common Sense. I’m Paul Jacob.

Elizabeth Warren, Hillary Clinton, Beer

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national politics & policies too much government

NowhereCare

Elizabeth Warren, healthcare, taxes,

Even people who get their information only from major network news know that, in their mad rush to promise free health care, Democratic presidential hopefuls would raise taxes for nearly everybody including the “hard-​working middle class.”

How do they know?

Because at least one of the eager promisers won’t give a straight answer.

Her name is Senator Elizabeth Warren. 

Like Bernie Sanders (but not Amy Klobuchar and Joe Biden) she is offering “Medicare for All,” which Fox’s Tucker Carlson calls straight-​up socialism.*

George Stephanopoulos, Chris Matthews, and “other strident Democratic partisans” have been pressing her on the tax hike issue, and at the recent, fourth national primary debate, Warren continued to evade. Even Sleepy Joe knows that universal single-​payer health care spending would require more taxes than can be squeezed out of the very rich and the big corporations (which Warren, Sanders, and other Democrats incessantly push). But Warren just will not say the words: yes, your taxes will go up. She continually feints to her follow-​up argument, that since overall health care costs would [according to plan] go down, we would all come out ahead.

Tucker Carlson, citing an Urban Institute study, gives the answer the democratic socialists won’t: their promise would require spending 3.4 trillion tax dollars per year — $10 grand per person per year, including every child, retiree, and prison inmate.** Warren expects us to repress our common sense and believe that cramming all health care spending through the federal government will increase efficiency.

U.S. Department of Health and Human Services Secretary Alex Azar has the right word for Medicare for All: utopian. 

Noting that Obamacare failed to live up to its promises, Azar predicts the ultimate result, “Medicare for None.”

This is Common Sense. I’m Paul Jacob.

* And not altogether implausibly, since medicine is a fifth of the American economy and (presumably) since socialism is an economy run by government.

** Tucker’s list.

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Elizabeth Warren, healthcare, taxes,

Illustration from a photo by Gage Skidmore

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meme too much government

“I’ve Got a Plan for That.”

Elizabeth Warren, plan, central plan, nanny state, control, puppet,

“If you start from a belief that the most knowledgeable person on earth does not have even one percent of the total knowledge on earth, that shoots down social engineering, economic central planning, judicial activism, and innumerable other ambitious notions favored by the political left. ”

–Thomas Sowell

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folly ideological culture media and media people moral hazard Popular

Systemic Refocusing

white privilege, Jussie Smollett, Elizabeth Warren, Rachel Dolezal

Everyone comes into this world with advantages and disadvantages. 

In the last century, public morality focused on the disadvantaged. Government policy changed dramatically, aiming to help those lacking many obvious advantages. But that focus got fuzzier and fuzzier as the ranks of disadvantaged people remained, even grew larger. Progress was made on several fronts, sure, but not on all — especially not on the ones most targeted.

We even “lost ground.”

Maybe because of this, the political focus shifted to “privilege” — which often merely means “advantaged” and sometimes means a special license granted by custom or law, which is said to be “systemic.” 

White males, we are told, have the most of it. 

So they must be attacked.

But does “white [heterosexual male] privilege” really exist?

Sure, in some contexts. But so do other “privileges.” Here is a better question: Are there privileges so built in that people try to horn in on them?

When there really was white privilege, “passing for white” was a thing. Now, we see other directions of racial “passing.” Sen. Elizabeth Warren, 99 and 44/​100ths pure white, for example. If white privilege were really systemic, would she have pretended to be a native American? 

If white privilege were significantly at play in the academic world, the issue of Asian students qualifying for (and being accepted into) the country’s most prestigious universities wouldn’t even come up.

And if white people actually enforced their privilege, would the charges against Jussie Smollett for perpetrating a fake racial/​ideological hate crime have been dropped? 

Seems unlikely.

If the results of focusing on advantage and privilege have been so dismal and dismaying, maybe it’s time for a refocus: on simple justice.

This is Common Sense. I’m Paul Jacob.

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white priviledge, Jussie Smollett, Elizabeth Warren, Rachel Dolezal

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Warren’s No Socialist

Elizabeth Warren, housing bubble, crash, regulations, finance

Senator Elizabeth Warren knows that when people trade, both sides gain. She made that clear last year, in a fascinating interview in The Atlantic. But then she went blithely on, saying that she could fix markets by creating a “level playing field.”

Markets create value, but Mrs. Warren asserts that “when the markets are not level playing fields, all that wealth is scraped in one direction.” 

How? People are still trading, even in bumpy playing fields. 

She turns to the crisis of 2008, when many people discovered that they had entered into unsustainable mortgages. She explains how her shiny new regulatory program leveled that playing field.

But her scheme did not even out the bumps in the mortgage industry that existed before the crash:

  • the moral hazard of Fannie Mae and Freddie Mac, 
  • the previous congressional “fix” that pushed banks to accept poor people as good loan risks when they were not (in the name of racial justice, of course), 
  • the regulatory rule that created ratings agencies sans competitive market incentives, and
  • the Federal Reserve policies that fed the whole housing bubble mania.

She just added another burdensome layer of government.

Politicans sure love to pile on.

Now she offers a new scheme, a child-​care program that Reihan Salam, this week again in The Atlantic, says “risks increasing the federal deficit, driving up the cost of child care, and squeezing stay-​at-​home parents.” 

And Mr. Salam says that last risk is one Warren should understand particularly well, since she had “made her reputation as a public intellectual by warning against it.”

Warren’s no socialist — she wants to “save capitalism”! Yet by only adding to government kludge, she might as well be one.

This is Common Sense. I’m Paul Jacob.

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Elizabeth Warren, housing bubble, crash, regulations, finance

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Fakes & Facts

Snopes, fake news, Trump, Elizabeth Warren, truth

“There was truth and there was untruth,” George Orwell wrote in his classic novel, 1984, “and if you clung to the truth even against the whole world, you were not mad.”

In the Age of Trump and Fake News, way past 1984, I’m hanging on for dear sanity.

Earlier this week, I commented on the brouhaha between the president and Senator Elizabeth Warren (D‑Mass.). Today, I have a bone to pick with Snopes, the faux-​fact-​checking site, which found this statement to be TRUE: “President Donald Trump offered to donate $1 million to a charity of Sen. Elizabeth Warren’s choice if she would take a DNA test to demonstrate that she had Native American ancestry.”

Not “Mostly True” with some explanation, but just “True.” Problem is, that statement is false.

Mr. Trump did not make that offer; he promised people at a Montana rally that he would make such an offer in the future, if he found himself “in the middle of the debate, when she proclaims that she is of Indian [sic] heritage.”

Splitting hairs? Where is the split? Here is President Trump’s full statement.

Snopes was hardly alone in misreporting Trump. The Hill titled its story, “Trump denies offering $1 million for Warren DNA test, even though he did.” The Washington Post parroted The Hill’s “fact-​checked headline.” Other major outlets from CNN to the Miami Herald declared, falsely, that Trump had made the offer.

Look, I don’t blame Warren for goading Trump to pay up. That’s the political game.

But the media, especially fact-​checkers, should be diligent about what precisely the president has said — not playing that game.

This is Common Sense. I’m Paul Jacob.

 

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Accountability folly ideological culture national politics & policies Popular

A Fraction of a Reaction

“A little dab’ll do ya.”

That was from Brylcream, not 23andme.

President Donald Trump has been mocking Senator Warren, relentlessly, for her claims to native American heritage, calling her “Pocahontas.”* Some have dubbed him “racist” for doing this, but his point was plausibly anti-racist. In 1995, Harvard Law School ballyhooed her as its first “first woman of color” hire. 

 Some argue Warren benefited from this racial categorization, but that’s not been shown. Warren has ceased labeling herself Native American and defended her belief that she was of Cherokee or Delaware descent based on family lore as well as her physiognomy (“high cheekbones”). 

“Let’s say I’m debating Pocahontas,” Trump declared during an uproarious routine at a Montana rally back in July, promising the crowd that “when she proclaims that she is of Indian heritage,” he would toss her a DNA kit and offer: “I will give you a million dollars, to your favorite charity, paid for by Trump, if you take the test and it shows you’re an Indian.”

Under pressure, Warren took a DNA test.** And (inadvisedly?) made a big deal about it.

Upshot? Six to ten generations ago she may indeed have had one ancestor who was a native American. The post-​test squabbles have been mostly embarrassing, but Trump at least had the wit to note the lower end of Warren’s native mix was “1/​1024, far less than the average American.”

The “memed” jokes on the Internet have been hilarious.

But who gets the last laugh? While we allow ourselves to be done in by little dabs of trivia, the great crises of our age build ominously. 

At what ratio, though, I don’t know.

This is Common Sense. I’m Paul Jacob.

 

* And then apologizing to the real Pocahontas for the comparison.

** The full story of who she went to, and the reliability of her DNA report, is itself bizarre and complicated. See “Did Elizabeth Warren Just Kill Identity Politics?” See also Tim Pool.

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