Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktI’ve been thinking about making an effort at maintaining a new ATiM daily feature…Today in History. Maybe it will spark a few conversations. With Brent on sabbatical for a couple days, now seems like a good time to start. We’ll see how long I last.
1988 – The Chicago Cubs finally succumb to modern times as the first night game ever is played under the newly installed lights at Wrigley Field. The game, however, is rained out in the 4th with the Cubs leading the Phillies 3-1. I like day games, and I really like Wrigley Field.
1974 – President Richard M. Nixon takes to the airwaves to announce his resignation, effective the next day at noon. I remember my parents gathering us kids in the family room to watch the announcement, telling us the removal of a President would be a once in a lifetime event. Clinton almost proved them wrong. I wish Obama would.
1966 – The future Mrs. ScottC is born.
1960 – Itsy Bitsy Teeny Weenie Yellow Polkadot Bikini hits number 1 on the Billboard charts.
1945 – President Harry Truman signs the United Nations Charter and the US becomes the first nation to ratify membership in the UN.
1942 – Six German saboteurs who had secretly landed on Long Island in June are executed after a military tribunal finds them guilty of spying. The case would later be cited by the Bush administration in support of trying unlawful combatants by military tribunals rather than in civilian courts.
1911 – The Apportionment Law (Public Law 62-5), setting the number representative in the House at 435, passes Congress. I think it is high time for the size of the House to be increased again. Too few reps representing too many people.
1882 – Snow falls on Lake Michigan, prompting Democrats to propose economy-destroying regulations in a panic over catastrophic global cooling. (OK, I made up that second part.)
Filed under: This Day in History |
All Things in Moderation 
In Brent’s absence, I will point out that PIMCO and BlackRock have filed suit to prevent Richmond, CA from condemning mortgages through eminent domain.
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I am imagining that a condemnation proceeding in CA can be made the subject of a jury trial. If so, PIMCO will get a second bite at the apple if this one fails.
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Every so often I start to think that maybe President Obama deserves the benefit of the doubt, then he makes a statement like this and I decide that no he doesn’t.
And he wonders why his relations with Congress are so bad.
Edit – Found the full interview:
Edit 2: See also:
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/08/wonkbook-governing-by-waiver/
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jnc:
…then he makes a statement like this and I decide that no he doesn’t.
Yup.
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I think the honest reply here is TR’s: “I am the President. If Congress doesn’t like what I am doing they can pass a law to stop it.”
I think the politic reply is “I think I have the inherent power to delay implementation for administrative reasons, so long as the delay is not unreasonable, and so long as the delay will allow us to further the purpose[s] of the statute.”
The legality of every single regulatory decision can be questioned. Some regulatory decisions are more easily set aside than others. I have no opinion on whether this delay would pass muster. I agree that it is an unusually long delay. I agree that BHO should not have simply called down Congress for not being lawyers. Lots of folks aren’t lawyers and it does not require a law degree to run for Congress.
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mark:
The legality of every single regulatory decision can be questioned.
And should be, I think.
Lots of folks aren’t lawyers and it does not require a law degree to run for Congress.
Even more importantly, I think, is that it does not require a law degree to read and understand the constitution.
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Scott — good idea. I like the new feature.
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Good idea, Scott. Agree with Nova.
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I think he really believes his own bullshit. I also think his staff manages him.
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I think that next to the War on Drugs, ethanol may be the worst policy of the Federal government.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/07/the-u-s-is-hitting-its-ethanol-limit-so-the-epa-may-tweak-its-biofuels-rules/
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All he had to say was “We believe we are in compliance with the Administrative Procedures Act.”
But it’s much more enjoyable to say “Fuck you, that’s why”.
Until he actually needs them for something.
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JNC – should be “We believe we are in compliance with the Regulatory Flexibility Act.”
Seriously.
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The other interesting thing is apparently they can’t condemn any mortgage that’s actually held by Fannie or Freddie, regardless of who is servicing it.
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Good idea Scott……………tell Mrs. Scott C…………….Happy Birthday.
My husband and I are working on a new calendar. Every morning we sit in the office with coffee/tea and dream up a new holiday for the day. Today is Pirate Thursday.
I’ll never forget Nixon’s resignation. I followed the Watergate hearings as much as possible. It was a fascinating time in history I thought. Not as memorable as JFK’s assassination but pretty incredible watching the story unfold.
And speaking of females and Larry Summers………….we were right? This is an interesting commentary on who the women support for Fed chief.
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Worth a read:
http://www.foreignpolicy.com/articles/2013/08/01/declaring_an_end_to_the_decade_of_fear?page=0,0
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How much should my taxes go because of Chicago (or Detroit’s) poor decision making? What are you willing to pony up? 10% more? 20%?
What is too much and why?
http://www.bloomberg.com/news/2013-08-07/we-are-all-going-to-pension-hell.html
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