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No Red Flag?

The Iowa caucuses were pretty much a dead-​heat for the Democrats, with Hillary Clinton winning a number of precincts by the flip of a coin and barely edging out Sanders.

Leaving aside conspiratorial notions like trick coins, the Democratic results are most interesting in one obvious way: half of the Democratic activists in this Midwestern state proved themselves just fine with voting for a self-​proclaimed “socialist”; the other half were apparently hunky-​dory to cast their ballots for an ethically-​challenged political insider most often described by voters in an ABC News survey with the word “liar.”

No red flags, Dems?

Though Fox News’s Bill O’Reilly keeps talking about Mrs. Clinton’s possible indictment, partisanship being what it is, how is that going to happen? Despite a rising swell of support for Sanders, Clinton’s juggernaut seems fated to roll over the land.

But really, which is more disappointing:

  1. Lack of revulsion or censure for Clinton’s haughty incompetence and disregard for the law? or
  2. Lack of incredulity at someone identifying his Big Gov redistributionism as “socialist”?

Monday wasn’t a red letter day, it was a red flag day.

On the Republican side, the establishment took a drubbing. Former Gov. Jeb Bush, son and brother of former presidents, received less than three percent of the Republican vote — even though, including SuperPACs, he has raised the most money. By far — his campaign shelled out $2,884 for each Iowa vote.

Moreover, Ted Cruz, the GOP establishment’s worst nightmare, won. Let’s hope his success overcoming attacks from the governor and the crony corn lobby will help others find the political courage to oppose ethanol subsidies and mandates.

This is Common Sense. I’m Paul Jacob.


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Accountability folly free trade & free markets moral hazard porkbarrel politics too much government

Crony Corn

The presidential campaign officially begins in Iowa. The Hawkeye State is also the nation’s corn-​growing champion. Each year, Iowans sell 47 percent of that crop to produce ethanol, which accounts for a not-​insignificant 8 percent of the state’s gross product.

Ethanol has friends in Washington, too. Congressional wizards have mandated that the gasoline pumped into cars throughout the land be diluted with ethanol — talk about a market guarantee!

At National Review, Jeremy Carl explains that “energy-​policy experts of all political stripes can agree … mandates and subsidies to promote the use of corn ethanol (a policy first implemented by Jimmy Carter) are wasteful boondoggles that harm our environment and food supply while imposing billions of dollars of hidden costs on consumers. However, most energy-​policy experts are not running for president in the Iowa caucuses.”

In 2008, both Sen. Hillary Clinton and Sen. John McCain flip-​flopped to support the ethanol subsidies they had previously opposed.

But, this year, Sen. Ted Cruz and Sen. Rand Paul haven’t pandered along.

When Cruz rose to first place in the polls, Gov. Terry Branstad attacked, arguing, “It would be a big mistake for Iowa to support [Cruz]” because “his anti-​renewable fuel stand … will cost us jobs, and will further reduce farm income …”

Yesterday, Fox News Sunday host Chris Wallace asked Cruz, “Why should [Iowa] voters side with you over the six-​term governor of this state?”

“I think there should be no mandates and no subsidies whatsoever,” Cruz replied.

In today’s Iowa caucus, can Cruz overcome the forces of crony corn?

This is Common Sense. I’m Paul Jacob.


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Accountability folly ideological culture media and media people national politics & policies

Hard Words, Soft Left

“The word ‘socialist’ is a really hard word,” warned former Michigan Gov. Jennifer Granholm.

“Now, I love Bernie Sanders, really,” Granholm added, acknowledging she’s okay with his socialist policies — just not the term.

Not in mixed company.

The former governor of the Wolverine State was responding to a question — “How about the charges ‘he’s a socialist’?” — from Martha Raddatz, who was hosting ABC’s This Week that week.

“The socialist label is something that he applies to himself, right,” Granholm noted. “So the question is how does that play across America?”

Armed with a Gallup poll, Granholm answered that socialism doesn’t play very well at all. Voters are “even” less apt to vote for a “socialist” than for an “atheist.” In case you wondered.

So, what is the difference between a socialist and a Democrat?

“You’re the chairman of the Democratic Party, tell me the difference between you and a socialist,” Chris Matthews had implored Rep. Debbie Wasserman Schultz on MSNBC months ago.

“The relevant debate we’ll be having over the course of this campaign,” dodged the DNC chair, “is what’s the difference between a Democrat and a Republican.”

Chuck Todd, noting that Bernie Sanders “is an unabashed socialist” who is always praising European social democracies, echoed the question on Meet the Press: “what is the difference?”

“It’s always fun to be interviewed by Chris Matthews and I know that he enjoys that banter,” bobbed an answer-​less Wasserman Schultz. “The important distinction we’ll be discussing in this campaign [blah, blah, blah] …”

Earlier this month, Matthews likewise asked Hillary Clinton to state the difference. Mrs. Clinton said she wasn’t a socialist but, instead, “a progressive Democrat.”

“Debbie Wasserman Schultz wouldn’t answer the question either,” Matthews replied.

This is Common Sense. I’m Paul Jacob.


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The Anti-​Republican Party Establishment

Yesterday, we decried the rigged superdelegate voting process used by establishment Democrats to Hillary Clinton’s benefit — and party members’ detriment. Today, we switch parties to find the GOP establishment in full panic mode, so terrified at the prospect of a Ted Cruz victory that they’re now rallying around Donald Trump.

Republican Party stalwart Bob Dole, the 92-​year-​old former Senate Majority Leader and a 35-​year Washington insider, called Sen. Cruz an “extremist.” A Cruz victory would lead to “cataclysmic” losses for the party, Dole contends, and by the way … “Nobody likes him.”

“Nobody in Washington,” Dole means.

As for Trump? Dole thinks Trump could “probably work with Congress, because he’s, you know, he’s got the right personality and he’s kind of a deal-maker.”

The right personality?

Iowa Sen. Chuck Grassley, a fixture in Congress for the last 41 years, introduced Trump recently by clumsily validating Trump’s campaign slogan: “we have an opportunity, once again, to make America great again.”

And again.

According to former House Speaker Newt Gingrich, “Trump does not have any particular enemies down here. I don’t think anyone gets up in the morning and is irritated with him. That’s not how it is with Cruz.”

Former GOP congressman turned lobbyist Vin Weber says that the establishment’s hated of Cruz “has forced some people to look past all of Trump’s issues and think about what he could offer.”

Offer?

The Republican establishment really, really, really despises Sen. Ted Cruz. But they can live with Donald Trump.

Hmmmm … advantage Cruz.

This is Common Sense. I’m Paul Jacob.


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Accountability ballot access folly ideological culture nannyism national politics & policies

The Anti-​Democratic Party Establishment

Democrats aren’t very good at democracy.

Consider the party’s presidential contest, as I did yesterday at Townhall.

As an appetizer, I noted the Democratic National Committee policy of hiding their debates from viewers by placing them on weekend evenings pitted against major sporting events.

For meat and potatoes, ponder my warning of the very ugly scenario of Sen. Bernie Sanders capturing as much as 58 percent of the primary and caucus vote and resulting delegates, but still losing to Hillary Clinton.

How could that possibly happen?

Because of folks designated as “superdelegates” — those awarded voting delegate status for holding a party office or being an elected or former elected official.

Democrats brag that they’ve reduced these insiders’ impact. Democratically-​unaccountable superdelegates once accounted for 30 percent of Democratic Party convention delegates; now it’s only 15 percent of the total. Still, Clinton leads Sanders 380 to eleven among superdelegates.

At that rate, she could lose the actual state elections and still win the party’s presidential nomination.

The Democrats’ dereliction of democratic duty doesn’t end there, either.

The process by which various powerful party “interests” endorsed either Sanders or Clinton is quite telling. Journalist Zaid Jilani reports in The Intercept that, “Every major union or progressive organization that let its members have a vote endorsed Bernie Sanders.”

“Meanwhile,” Jilani found, “all of Hillary Clinton’s major group endorsements come from organizations where the leaders decide. And several of those endorsements were accompanied by criticisms from members about the lack of a democratic process.”

Seems the insiders have decided Mrs. Clinton will be on the Democratic Party presidential menu, whether Democrats like it or not.

This is Common Sense. I’m Paul Jacob.


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Accountability folly free trade & free markets general freedom ideological culture moral hazard national politics & policies political challengers responsibility tax policy too much government

Berating Bernie?

Bernie Sanders has risen in the polls. He may even beat Hillary Clinton in the first caucus and primary contests for the Democratic presidential nomination.

A cause for celebration! Witnessing a huge hunk of Americans accept Mrs. Clinton, the consummate and corrupt insider, is too disheartening.

Bernie Sanders, for all his faults, is at least not an insider like Hillary.

And even when he’s obviously wrong, he’s a breath of fresh atmosphere. Take his recent call for turning the credit ratings institutions into non-​profits, or into government-​run bureaus. It’s good to hear someone on the left blame something other than the partial repeal of Glass-​Steagall as the cause of the Crash of 2008, and (thus?) of the current “Great Recession.” Glass-​Steagall was utterly irrelevant to the institutions that were hit hardest in 2008’s collapse; it has, nevertheless, served as leftists’ idée fixe for years now. Embarrassing.

The ratings agencies, on the other hand, did play a part in the crash.

Still, remember: their prominence and importance (and very existence) in financial sectors rests entirely upon one provision of FDR’s New Deal.

More importantly, Bernie’s favored solution — government bureaus — is no solution at all. Europe’s ratings system failed in 2008, too, as Mark A. Calabria has noted, and “it was the international financial regulators, not the rating agencies, who decided that Greek debt was ‘risk-​free.’”

Earth to Bernie: government regulatory failure is normal.

Calabria agrees that we need to have a political conversation about the ratings agencies, but insists it be “based on facts,” not ideology.

I’m all for the facts, but ideologies are inevitable. And ideologies promoting Big Government inevitably fail.

This is Common Sense. I’m Paul Jacob.


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