They Know Better?

Douglas Holtz-Eakin wasn’t very good at constructing an economic blueprint for John McCain’s campaign, but he’s a pretty good analyst. He writes:

The AIG debacle teaches us two things: First, it does not make sense to try to save any single financial institution. Failed enterprises should fail — and go away… The second lesson is that no matter how bad you think market capitalism is, the federal government has proved it is worse.

It is this latter point that may prove troublesome for the Obama administration. The president’s New Deal II agenda depends on two premises — the sky is falling and only the government can protect us. The first argument is being downplayed as Obama figured out that talking down the markets might not be the best strategy. But the second is called seriously into question by the gang that can’t shoot straight.

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They Know Better?

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Republicans Need to Prepare for the Worst

Expect the impossible.

If the 2016 presidential election cycle demonstrated anything, it was that Republicans suffer from a crippling lack of imagination. That ordeal should have established that the unprecedented is not impossible. Even now, Republicans seem as though they are trying to convince themselves that their eyes are lying to them, but they are not. The tempo of the investigation into President Trump is accelerating, and a nightmare scenario is eminently imaginable. Only congressional Republicans can avert disaster, and only then by being clear about the actions they are prepared to take if Trump instigates a crisis of constitutional legitimacy.

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Can Turkey be Trusted with F-35s?

Are the warplane's secrets safe?

The F-35 Joint Strike Fighter is the newest generation air platform for the U.S. Air Force, Navy, and Marines. Lockheed-Martin, which builds the F-35, describes it as “a 5th Generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment.” For both diplomatic reasons and to encourage sales, Lockheed-Martin subcontracted the production of many F-35 components to factories abroad. Many program partners—Australia, Canada, the United Kingdom, Denmark, for example—are consistent U.S. allies.

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The Trump Right’s Martyrdom of Kim Guadagno

Too many martyrs make a movement.

If the GOP is to be converted into a vehicle for politicians who evince Donald Trump’s brand of pragmatic center-right populism, Trump will have to demonstrate his brand of politics can deliver victories for people other than himself. Presidential pen strokes help to achieve that, as do judicial appointments. Nothing is so permanent, though, as sweeping legislative change. On that score, the newly Trumpian Republican Party is coming up short. If the passive process of transformational legislative success fails to compel anti-Trump holdouts in the GOP to give up the ghost, there is always arm-twisting. It seems the Republican National Committee is happy to play enforcer.

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The Conservative Crack-Up, 2017 Edition

Podcast: Conservatism in shackles while O.J. goes free?

On the second of this week’s podcasts, I ask Abe Greenwald and Noah Rothman whether the health-care debacle this week is simply a reflection of the same pressures on the conservative coalition Donald Trump saw and conquered by running for president last year—and what it will mean for him and them that he has provided no rallying point for Republican politicians. And then we discuss OJ Simpson. Give a listen.

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Macron’s Terrorism Idiocy

Hyperbole yields cynicism, not the other way around.

Newly-elected French President Emmanuel Macron surprised almost everyone when he invited President Donald Trump to celebrate Bastille Day with him in Paris, especially after the two leaders’ awkward first meeting in Brussels in May. After all, between now and then, Trump withdrew the United States from the Paris Climate Change Agreement, and Macron has become perhaps the most vocal critic of Trump among European leaders.

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