American Institute for Economic Research, November 22, 2022 Industrial Policy Returns, Prior Pratfalls Notwithstanding James Bovard Jubilation erupted in Washington this summer as industrial policy came back into fashion. Congress passed Biden-backed legislation known as the CHIPS Act to spend $52 billion subsidizing semiconductor production. But the new law is a reminder that politicians prosper […]
Libertarian Institute, November 2, 2022 Biden, Our Boneheaded Chip Czar by Jim Bovard Jubilation erupted in Washington this summer as politicians lurched towards commandeering a key swath of the American economy. Congress passed Biden-backed legislation known as the Chip Act to spend $52 billion subsidizing semiconductor production. A Washington Post headline hailed “a big month […]
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In his Bloomberg News column yesterday, Jonathan Bernstein noted that as America's upheaval mounts, Trump has no plan and recalled "The Ultimate Computer" episode from Star Trek (above) in which a rival captain calls Kirk "Captain Dunsel" after a fancy new computer takes control of the Enterprise, making Kirk superfluous; Spock explains that "dunsel" was cadet slang for "a part which serves no useful purpose.""This," wrote Bernstein, was "Donald Trump’s President Dunsel weekend.
Chuck Schumer by Nancy OhanianWriting for Bloomberg News yesterday, Jonathan Bernstein noted that Republican senators don’t even know what they’re covering up for, or at least what they would be covering up for if they follow the White House’s preference to rush through the Se
Former CNN Chief Business Correspondent Ali Velshi, now an MSNBC anchor, is not an idiot... but... On his morning show yesterday the Hairless Prophet of Doom introduced a question to Jared Bernstein, once a professor at Columbia and then Vice President Biden's Chief Economic Adviser, by claiming that Trump's plan to eliminate the estate tax would help the middle class. Before Bernstein got to whatever Velshi's question was, he addressed the GOP talking point Velshi had just slipped onto the air so matter-of-factly. The estate tax only impacts .02% of the richest Americans.
On Tuesday we asked half a dozen of the Blue America candidates how eager they are to go on the offensive over the GOP tax agenda. All of them are very eager to do just that. For example, James Thompson, the candidate for the Kansas congressional district centered around Wichita, thinks if the 2018 election iOS decided on tax policies, he'll be the next congressman from KS-04.
