Category Archives: The Economy

Legalizing weed? Trump is for it

“On the first great-weather day of Spring 2018, President Donald Trump has committed to withdrawing federal objections to the legalization of marijuana, reports Tom Angell of Marijuana Moment.”

It was a great weather day here, too, though a cold front and thunderboomers marred it somewhat. But this is startling news, after AG Sessions’ gungho drug war rhetoric. Maybe he really is on the outs and may resign over this.

“This is huge, as it would unambiguously allow states to pursue legalization without worrying about a federal crackdown such as the one proposed by Attorney General Jeff Sessions at the start of this year. ”

Via Nick Gillespie at Reason

UPDATE:  Ilya Somin of the Volokh Conspiracy doesn’t trust Trump or the House GOP on this.

MORE:  Not to be outdone by Trump, who wants to allow individual states to pursue legalization, the Dims are going for across-the-board federal decriminalization. Wonder how that would apply to states like Texas where it still is illegal.

Chuck & Nancy refuse to play

“President Trump called out Nancy Pelosi and Chuck Schumer for boycotting a White House meeting Tuesday afternoon, by leaving two seats conspicuously empty — and accusing the no-show Democratic leaders of being “all talk” and “no action.”

“And now, it’s even worse. Now it’s not even talk. So they’re not showing up for the meeting,” Trump told reporters.

All talk and no action is perfect. A reminder of Clint Eastwood’s empty chair speech about Bronco. Who flat out refused to invite Republicans.

Via Fox News

Rule 5: Monica Fabbio

An Austin realtor-ess of exceptional beauty, despite the airbrushing of her obvious attributes here. She specializes in million-plus luxury homes. No surprise.

Someday we’ll all work for Amazon

“All told, Amazon has hired some 1,000 M.B.A.s in the past year, according to Miriam Park, Amazon’s director of university programs—a drop in the bucket for a company that plans to add 50,000 software developers in the next year. But Amazon’s flood-the-zone approach to recruiting and hiring future M.B.A.s—in some cases before they have taken a single business-school course—is feeding the career frenzy on campus and rankling some rival recruiters.”

Judging from my monthly Amazon bill I already do work for them.

Via Instapundit

UPDATE: Commenter Galos Gann: “Saint Peter don’t ya call me, cause I ain’t got time — I owe my soul to the Amazon Prime.”

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Come and get it

Schumer rules out tax cuts

And, because the GOPe is so wimpy, the minority Dems essentially run the Senate. Still…

“With the legislative calendar slipping away, Republicans should appreciate the favor they’ve just been done. As they draft a plan to boost economic growth and provide taxpayer relief, GOP lawmakers now know that the three Democrats who didn’t sign today’s letter—-coincidentally all up for re-election in states Donald Trump won in 2016—-are the only ones interested in negotiating.”

Now we’ll see if the GOPe is interested in negotiating.

Via WSJ

22,000 pages of federal regulations

The 22,000 pages of regulations in the Obama-era Dodd-Frank banking bill have throttled the economy, holding back growth. It has “cost $36 billion to comply with in the first six years, has choked competition in the banking industry, made banking more expensive, harmed economic growth and, to top it off, failed to make the banking system safer or end ‘too-big-to-fail.'”

But there’s hope in River City. In the form of the House Financial Choice Act, which would repeal Dodd-Frank’s pages and pages of regulations altogether.

“Unfortunately, Democrats in the Senate are determined to stop this bill in its tracks. What’s likely to emerge there will be a Dodd-Frank reform bill that is tepid enough to attract sufficient Democrats to overcome a filibuster. This is hardly enough, but at least the regulatory ball is moving in the right direction.”

Time to kill the filibuster?

Twenty-two thousand pages of regulations. Many scores of new bureaucrats to enforce them. This is why we elected Donald Trump to drain the swamp.

Via Investors Business Daily