Category: 2012 Elections

Die Law Schools, Die!

law schools 2Law school applications are declining sharply according to the New York Times, which is reporting a projected 38 percent decline from 2010 application levels.

When they failed to find jobs, law graduates took to the internet in droves to spread the word about their predicament, and finally the American Bar Association demanded more employment information from law schools. Before that, schools could count a graduate working part-time as a janitor as “employed,” and could thus report a 91 percent employment rate for their law school graduates.

No longer. The ABA now demands information regarding the type of employment; full-time or part-time, practicing law or not, law-related or not, and the numbers are terrible.

In response, law schools have shown about as much sympathy as one …


The Harsh Republican Reality of the Fiscal Cliff

I break from a majority of Republicans on the current fiscal cliff negotiations and believe the rate increases that Democrats are seeking should eventually be agreed to. More specifically I would support John Boehner signing on to taking the top bracket from 35% to 37-38% (short of the 39.6% Obama wants).

Of course the argument against doing so is the superior one—essentially that the Senate and the President want more money to spend while having not passed a budget in 3 years and having not yet put any real spending cuts or entitlement reforms on the table. But the two Parties have been at a stalemate over this issue for years and in my view the trump card is that last month they held the …


Predictions for the Next Four Years (Part 1 of 2)

Well, Barack Obama will be President for a second term. It is now time to take a look around, and prepare for what is likely to happen next. Based on my observations and what I’ve learned over the years, these are my predictions:

No Housing Recovery

Commentators have been calling the bottom of the housing market – and screaming with increasing urgency that it was time to buy – since 2007. The Fed has cut interest rates to nearly zero, and through quantitative easing has flooded the financial system with new money. This will continue for the near future, especially since QE-infinity was announced earlier this year. There remains no recovery in the housing market, and there won’t be a recovery.

Bad monetary policy has …


The People’s Decision Amazes

Winner, Trophy, DecisionI am surprised… not dismayed, but surprised.  I never expected that the results of today’s election would leave us with essentially the same political problem we’ve had for the past two years (and really four years, if you include the ineffective Democratically controlled Congress of 2009-2010).  But with a 6% approval rating, it just didn’t occur to me that the people’s decision would be to say “try again” to the team they so harshly disapprove of.

As of 11:00 PM Central Time, President Obama has been declared the winner of the election by every major news organization (although Governor Romney had not yet conceded the race).  In my home state of Iowa, we lost 1 of our 5 seats in the House in redistricting, and …


Mandates Of The 2012 Election

Mandate, checklist, expectation, assessment, pollI had really hoped to get some thoughts out regarding priorities in this election this past week, but between the disaster caused by hurricane Sandy (including impacts to family and friends in the region) and finishing up fall chores, it just would not happen.  After the election and before the convening of the next Congress in January we will speak to the legislative priorities that must be addressed in Washington (beyond the typical lame-duck activities that will go on at the end of this Congress).  -Ed.

Today some brief thoughts about how the victors of the 2012 election will spin our confidence in them into mandates.  We often hear how such-and-such an office-holder has a “mandate” from their constituents, typically based on real issues discussed …


Waechter’s Final Pre-Election Weigh In: No Matter How You Vote, the Economy Will Not Improve

I cast my ballot early. I didn’t vote third-party and therefore my vote isn’t being wasted. It also isn’t going to matter.

Since 1990, the United States has run aggregate trade deficits above $8 trillion. This is funny, because in 1990 the M2 metric of currency supply was only $3 trillion. There should be nothing but dust coming out of the ATM machines. We have purchased entire merchant-fleets full of foreign goods, and paid for it by quite literally printing money.

Foreign countries, being more blatant about their currency devaluation policies, have been willing to go along with this arrangement. The result is this dynamic: The US prints dollars to buy goods from China, and the Chinese central bank prints yuan to buy the dollars. …


Des Moines Register Challenge: Endorsement In Secret

Silence, off-the-recordThe Des Moines Register’s Editor, Rick Green, last night published some details around an interview that the Register’s editorial board held with President Obama Tuesday morning.  An interview they could not, at first, talk about publicly.  An off-the-record conversation that they say will contribute to their endorsement decision, and the conditions of which will not affect their decision.  Since Rick’s original online post, the White House has released their own transcript of the conversation.

To his credit, Rick was clearly frustrated with the White House for putting such severe restrictions on the 30 minute telephone interview.  He is convinced that Iowans need to hear what the President had to say, and that Iowans would be influenced positively by what Obama shared with the editorial …


2012 Election Issues That Matter: Life

Political Issues Important, That Matter, 2012 ElectionAs this election draws to a close, and although many have already gone to the polls, I’d like to ponder some of the issues that matter in this election. Some matter more to the general population than others, and we will cover as many as we can between now and November 6. The intent is not so much to compel you to vote for a particular candidate, but to provide some food for thought about the issues and why they are important.  -Ed.

Of all of the issues that fall before us this year, “Life” has the most significance to me.  All of the other issues pale in comparison, and my innermost desire is to do everything I can to ensure that everyone is able …


Final Face Off: The Last Presidential Debate Of 2012

President Obama and Governor Romney Debate on October 22, 2012If you’re reading this, we’re guessing you are anxious to know who we thought won last night’s debate.  That answer is simple: Bob Schieffer, who moderated the debate.  We were convinced that, based on Bob’s near ebullient post debate analysis in the first two presidential debates that he would be the epitome of liberal media bias in moderating this debate.  Bob was a pleasant surprise to us, and frankly if you were to look on his past performances in a similar role, he has been very capable of acting as an objective facilitator when the situation required it.  Our hats are off to Bob as the best of this year’s moderators.

The spotlight at Lynn University in Boca Raton, Florida, was of course on …


2nd Presidential Debate: Complete Re-Cap & Analysis Of A Dynamic Evening

Following a week and a half of Democrats either piling criticism on President Obama’s first debate performance or making excuses for it, few could question that tonight the Country’s microscope was squarely focused on our 44th President.  Would he over-correct and turn voters off by being too aggressive?  Would he be able to effectively go on the attack in the Town Hall format?  How will he handle personal questions from the very people struggling due to “his” anemic economy?

After the dust settled tonight, not only were these questions and the 11 questions the audience asked answered—we might have just gotten the answer to the biggest question of them all.  Let’s jump right in.

President Obama (Art Smith)

Last night’s debate proved to be much …