The Federal Reserve’s Open Market Committee met today, and it seems they’re keepin’ on keepin’ on. At least according to their release: The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. Now, this is despite recognizing that...
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Social conservatives and irrelevant solutions
Well, David Boaz at Cato and I may share very few opinions, but I always appreciate a good smack-down: Social conservatives talk about real problems but offer irrelevant solutions. They act like the man who searched for his keys under the streetlight because the light was better there. Social conservatives tend to talk about issues like abortion and gay rights, stem-cell research and the role of religion “in the public square”: “Those who would have us ignore the battle being fought over life, marriage and religious liberty have forgotten the lessons of history,”said Rep. Mike Pence (R-Ind.)...
Continue reading..."I believe the Lord would have you be real."
So, we’ve been paying a lot of attention lately to Christine O’Donnell and Sharron Angle, the Neo-Palinists (a cursory Google search leads me to hope that I coined that term), but Michael Gross at Vanity Fair brings us something pretty spectacular from the Original Gangster herself that is pretty incredible. It comes in the form of an e-mail sent by pastor and right-wing political activist (pre-tea party) Lou Engle (no relation to Friedrich Engels) to Sarah Palin right before her vice presidential debate with then-Sen. Joe Biden:* The e-mail was written by Lou Engle, a right-wing pastor...
Continue reading...She turned me into a newt
Good grief. So, Republican nominee for Senate Christine O’Donnell claimed back in (maybe) 1999 on Bill Maher’s Politically Incorrect to have dabbled in witchcraft (but never joined a coven), and had one her first dates on a Satanic altar (after seeing a movie, of course). May be a cliché, but this is seriously some shit that you really just can’t make up.
Continue reading...Won't somebody think of the children?
The National Review cover story, “The Case for Marriage,” draws an argument against same-sex marriage solely founded on the idea that marriage is for sexual relations, and that sexual intercourse between men and women makes babies. It is true that marriage is, in part, an emotional union, and it is also true that spouses often take care of each other and thereby reduce the caregiving burden on other people. But neither of these truths is the fundamental reason for marriage. The reason marriage exists is that the sexual intercourse of men and women regularly produces children. If...
Continue reading...This is how bad it got: Poverty and unemployment insurance
This chart is pretty staggering, and gives a little more credence to the call to keep expanding unemployment insurance, even if Sharron Angle thinks it “spoils” the unemployed. This chart comes from Arloc Sherman from the Center on Budget and Policy Priorities, who writes: The headline story in today’s Census Bureau report is the large jump in the poverty rate in 2009. But an exclusive Center on Budget and Policy Priorities analysis of the new survey data shows that unemployment insurance benefits — which expanded substantially last year in response to the increased need — kept 3.3 million people...
Continue reading...Nominee for Senate Christine O'Donnell thinks if you get AIDS, you deserved it. Also, thinks Joe Biden tapped her phones.
One of many 1990s-era videos featuring Christine O’Donnell, the newly-minted Republican nominee for Senate from Delaware, spouting crazy nonsense. Did you know that condoms actually facilitate HIV transmission? Also, Politico has some stories from former staffers from her failed 2008 senate attempt: Kristin Murray, who left her position in the state party to serve as one of several campaign managers for O’Donnell during that race, said warning bells went off in June 2008 when the two were discussing cell phone plans. ‘She told me that she thought Joe Biden tapped her phone line,’ she said. Alan Moore,...
Continue reading...In Praise of Blogging
Not V&V in particular — that would be just slightly too self-congratulatory, even for us. After I posted about the dog shooting at Adams Morgan Day, I heard from Simon Owens, who pointed me toward an interview he conducted with DCist Editor-in-chief Aaron Morrissey. The topic is DC bloggers scooping traditional news outlets, both with the aforementioned story and in regard to others (the Discovery Channel hostage situation in particular). It’s an interesting article, and you can find it here. As for the dog story itself, an update from Washington Post perhaps validates my hunch that the...
Continue reading...President Obama invokes President Bush, for the better for both of them and us
At today’s press conference, Anne Kornblut asked: Nine years after the September 11th attacks, why do you think it is that we are now seeing such an increase in suspicion and outright resentment of Islam, especially given that it has been one of your priorities to increase — to improve relations with the Muslim world? And the president answers: I think that at a time when the country is anxious generally and going through a tough time, then fears can surface, suspicions, divisions can surface in a society. And so I think that plays a role in...
Continue reading...The Stakes
Forget for a moment about Speaker of the House Boehner or Senate Majority Leader McConnell, or the likelihood of complete legislative stalemate. Often overlooked down-ticket races have even bigger consequences that affect races for the next decade: Republicans are within reach of gaining control of eight or more chambers in statehouses around the country this fall, according to interviews with Republicans, Democrats and independent political analysts. That would give Republicans the power to draw more Congressional districts in their favor, since the expected gains come just as many legislatures will play a major role in the once-a-decade...
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