Filed under: Bureaucracy, Capitalism, Conservatism, Domestic Policy, Economics, Economy, Education, Free Markets, Freedom, History, Politics, The Constitution, The United States | Tags: American Exceptionalism, Senator Ben Sasse, The Founder's Intent
Here’s Senator Ben Sasse (R-NE) speaking at CPAC 2016, on March 3 2016 talking about classical conservatism, and how you rank the order between American, Conservative, and Republican. Good speech and real food for thought.
Filed under: Conservatism, Election 2016, Free Markets, Freedom, History, Humor, Liberalism, Politics, Television | Tags: A Billionaire?, A Successful Businessman?, Donald Trump
John O’Sullivan is a prominent British conservative political journalist who was once speechwriter for Margaret Thatcher, and is an editor for National Review. Can’t vote here, not a citizen, but a visitor. He remarked “But it’s obvious that this election cycle is about Trump rather than about the other candidates. He has come from nowhere and surged ahead of the pack. My suspicion is that he didn’t originally expect to be a contender for long and was surprised when he established a strong lead. But he overcame his surprise and began to do things candidates do – put out position papers, etc. – while sticking to his unique style of campaigning, namely riffing entertainingly on the day’s news, jabbing opponents with sharp verbal sticks, and treating his audiences like neighborhood friends.” I thought that a particularly sharp observation.
Holman Jenkins said “They say they like Mr. Trump because he tells it like it is, except he doesn’t. They say he is politically incorrect, but he is factually incorrect.”
“The Donald may be as surprised as anybody by the way his campaign has taken fire — his utterances certainly suggest so.”
He likes riding the wave and may be unable or unwilling to get off. He launched this adventure purely to accrue value in his lifelong personal brand-building pursuit.
That doesn’t mean he ever seriously thought about being president, having to do the job. And one way that might become apparent is when, after winning the nomination and celebrating his personal triumph, he turns to the GOP and its donor armies to see what they are willing to do to win him the presidency. If it’s not as much as he would like—if he would actually have to fulfill his promise to finance his own honest-to-goodness presidential campaign, which could cost $1 billion—that’s when things get hinky.
That’s a second observation that Trump was just fooling around with a campaign, and then people took him seriously, so he’s going to see how far it can go.
Have you ever known a real con-man? I have. He was, for a time a new manager in the department where I worked. Everybody liked him because he was so personable. They thought he was great, but one day one of his stories touched on something I actually knew about. It was a complete and deliberate lie, for no reason at all. It wasn’t much longer before he departed, fired for some irregular problems with his expense accounts. That was my first hustler. It’s not comfortable to have been taken for a fool, even though I wasn’t alone.
From Bloomberg Business: 2/26/2016
Trump Entertainment Resorts Inc., the casino operator founded by Republican presidential candidate Donald Trump, emerged from bankruptcy court protection on Friday and is now a subsidiary of billionaire Carl Icahn’s Icahn Enterprises LP.
Trump opened the Taj Mahal in 1990. The parent company continually struggled with debt, and Trump Entertainment filed for bankruptcy court protection in September 2014. The filing coincided with a protracted downturn in betting in Atlantic City that led four of the city’s 12 casinos to close. It was the Trump casino businesses’ fourth time in bankruptcy.
From Jim Geraghty at National Review: “What if Trump Doesn’t Have Billions?” “There’s a good chance we’ll never see his tax returns.”
Trump told Hugh Hewitt on his radio show a year ago that he would release his tax return shortly, as soon as they were completed. A few years ago he refused to release “un-redacted tax returns, even when it could help him win a $5 billion libel lawsuit against a New York Times reporter. Forbes magazine estimated his net worth after 80 interviews and many resources as less than half of what he claimed last year. Others with direct knowledge of his finances think his net worth is closer to $150 -$250 million. Still comfortably wealthy but not a billionaire.
Trump said that was a lie and sued, lost in court, appealed, and lost again. The case dragged on because he would not turn over the tax returns. So the likelihood that they will be released to the public is slim.
Bloomberg Politics, February 24, 2016 “A Look Inside Trump’s Global Deals Exposes Trouble in Many Spots” In Panama, condominium owners are trying to fire him. In Canada and Turkey, his business partners want to cut him loose. In Scotland and Ireland, he claims to be making millions on his golf courses, but so far is losing money. In Toronto the Toronto Tower Owners want Trump out.
“Donald Trump says his organization is in talks on more than 100 deals, 85 percent of them outside the U.S., and that if elected president he will bring to international relations the savvy he has demonstrated as a global deal maker.”
The article suggests that an examination of his operations shows that while he has made millions selling his name, he has chosen inexperienced or questionable partners, and there are legal conflicts amid claims of broken promises and empty apartments. Trump disputes the claims.
- Trump Mortgage (announced 2006, closed 2007)
- Trump Steaks (2007-?)
- Trump Vodka (2006-2011)
- Trump: The Game (1989-1990, 2005)
- Trump Ice (Shut down 2010)
- Go Trump.com (2006-2007)
- Trump Magazine
- The New Jersey Generals (1983-1985)
- Trump Airlines (1989-1992)
- Trump Entertainment Resorts Inc. 4 bankruptcies (1991, 2004, 2009, 2014)
- Trump Tower Tampa (2006-2007)
- Trump University (2005 -2011) Current lawsuit for fraud
“Trump and the Rise of the Unprotected” by Peggy Noonan, Wall Street Journal, 2/25/2016
I don’t know. Donald Trump seems to me to be a hustler. Too many lies, too much Big talk. Everything is going to be Great!, Beautiful! He knows how to do that. He knows how to fix that. But he never tells us how, or who is going to pay for it and how. There are some really big problems in the world and we have no hint about how Trump might address them.
Filed under: Conservatism, Domestic Policy, History, Humor, Law, Politics, Progressivism, The United States | Tags: Senator Charles Schumer, Senator Mitch McConnell, Supreme Court Justice Antonin Scalia
According to The Washington Examiner’s Paige Winfield Cunningham, “Congress typically approves election-year Supreme Court nominations.” According to The Federalist’s Gabriel Malor, “There’s Ample Precedent for Rejecting Lame Duck Supreme Court Nominees.”
According to New York Senator Charles E. Schumer, a ‘powerful member of the Democratic leadership’ Senate Republicans should follow the example Democrats set with Anthony Kennedy and help President Obama fill the vacancy on the Supreme Court. Appearing today on This Week, Schumer Warned Republicans not to follow Senate Majority Leader “Over the cliff” and refuse votes on any Obama nominee.
Senator McConnell, Schumer said, “doesn’t even know who the president’s going to propose and he said, ‘no we’re not having hearings, were not going to go forward to lead the Supreme Court vacant at 300 days in a divided time.”
“We Democrats didn’t do this,” Schumer said.”We voted 97 – 0 for Justice Kennedy in the last year of Reagan’s term.
Senator Charles Schumer in July, 2007: “No George W. Bush nominee to the Supreme Court should be approved, except in extraordinary circumstances.” Nineteen months before a new president was set to be inaugurated.
“Schumer cited ideological reasons for the delay.”
“They must prove by actions, not words, that they are in the mainstream rather than we have to prove that they are not,” Schumer said at the time.
Filed under: Capitalism, Conservatism, Economics, Economy, Free Markets, Freedom, Heartwarming, National Security, Politics, The United States | Tags: New Hampshire Campaign Stop, Nice Response!, Senator Marco Rubio
A campaign stop in New Hampshire, and Marco Rubio has a very nice response to a question from an 11 year old girl. Would be nice to see a lot more of this on the campaign trail.
Filed under: Bureaucracy, Conservatism, Democrat Corruption, Economy, History, Politics, Regulation, The United States | Tags: Cafe Hayek, Incentives Matter, Rewarding Failure
From Cafe Hayek:
From page 220 of philosopher Michael Huemer’s powerful 2013 book, The Problem of Political Authority
The general lesson is that if some part of government fails in its function, it will most likely be given greater funding and power. Of course, the purpose of this is not to reward failure; the thinking would be that more money and power will enable the agency to solve the problem. But the effect is that government grows when social problems grow, and thus it is not in the government’s interests to solve society’s problems.
Cafe Hayek added:
I recall long ago hearing David Boaz ask rhetorically about this reality: ‘Can you imagine a worse incentive system than one that rewards failure with higher budgets and punishes success with lower budgets?’ I can’t – yet that’s pretty much the prevailing incentive system for governments around the world.
Have you heard Carly Fiorian talking about “Zero-Based Budgeting?” That’s a serious attempt to rectify the situation.
Filed under: Capitalism, Conservatism, Economy, Free Markets, Freedom, National Security, Politics, Taxes, Unemployment | Tags: Governor Rick Perry, Governor Scott Walker, The Horse Race
I’m really troubled. The two most accomplished governors in the country have both suspended their campaigns for the Republican nomination. Rick Perry administered a state that created most of the new jobs in the country. Liberals predicted that Texas would go bust along with oil prices when they started to drop, but 2014 was the year that oil prices fell to $53 a barrel in December from more than $107 in June.
But Austin has little exposure to the energy industry, and business other than government is booming. Texas has no personal or corporate income tax, and job growth continues to soar. Texas is in the business of wealth creation, not redistribution.
Scott Walker shifted power from unions to workers, where it belongs. Wisconsin has outdone the nation on most economic indicators. The unemployment rate is lower than the national average, and improving. After four years of Gov. Walker, more Wisconsinites are employed and his policies are clearly working. Add in an attempt to recall him, death threats to his family, protests at his parent’s home, and the use of law enforcement as a political instrument in an attempt to undo election results. Above all, he clearly has a steel spine, something we have all been wishing for.
Well, sour grapes. Walker, perhaps rose to the top too soon,too fast, and the vast number of candidates, hostile unions determined to destroy him, a liberal media that regarded him as the most dangerous man in the bunch — liberals will do anything to silence those who disagree, and someone who is successful in overturning everything in the original progressive state is very dangerous to the liberal agenda.
I expected some to drop out, but not my two favorites while the less deserving, hang on. It’s politics, and the unexpected usually happens.
ADDENDUM: I’ve read dozens of other commentary on Scott Walkers suspension of his campaign. The only satisfying answer, setting aside the snark, is that he entered the race on a vast wave of enthusiasm, and the campaign spent way too much money in the first weeks, and as yet people are just getting acquainted with the candidates, and not really ready to settle on a single favorite. The too much money spent too early wasn’t getting replenished that fast. He just ran out of money and poll numbers.