It is, or should be, a general rule of thumb that top industry CEOs often have no better understanding of fiscal policy or macro-economics than the average man or woman on the street. But the CEO often thinks she does, which is the problem. In a sense, this shouldn’t surprise us. A good CEO knows his business and industry inside and out. He might also know various policies that could facilitate the growth of individual businesses. But the entire economy, macro-economics, fiscal policy, currency policies – none of that is just a really big business, certainly not a really big business in your industry. It is a qualitatively different thing altogether. But we often don’t get that. CEOs definitely tend not to get it. Again, this should be a rule of thumb – not because business leaders know nothing about national economic policy but because they don’t tend to know much more than other comparably educated people, only they think they do.
This was the latest conservative onslaught against voting rights. A high-powered effort to dismantle more than a half century of one person, one vote jurisprudence. But the Supreme Court shut it down today in an 8-0 decision. Tierney Sneed has the details.
Unanimous 8-justice Supreme Court upholds principle of one person, one vote in major voting rights case. Unanimous. Full decision here.
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No, I’m not back from vacation. But I wanted to share a thought with you. (We’ll see how writing a post on an iPad goes.) I’ve mentioned in several contexts over the last few months how our nominating processes – on both sides – are actually extremely rickety and dysfunctional processes that are entirely unable to withstand the stresses of nominating a presidential candidate without a party that is fundamentally united.
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Tierney Sneed goes inside the bizarre (and complicated) Donald Trump-Ted Cruz Louisiana delegate fight and finds that, as far as locking up delegates goes, Trump’s “outsider” campaign may very well hurt him in the event of a contested convention.
I’m going to be away for a week. Please keep an eye on the country.
I noted on Friday that what seems very likely to be the Clinton v Trump general election match-up will be a gendered electoral armageddon – an unreconstructed, unabashed and angry male chauvinist against a women of great power and accomplishment who can more than hold her own against him. It will be ugly. But I think it will be Trump’s undoing. Remember, Clinton’s already beating Trump in all the head to head match ups (as is Sanders). So he doesn’t need much undoing. But I think he’ll get it.
In my series of impromptu essays about Trump and Trumpism I’ve repeatedly returned to the topic of ‘dominance politics‘ and the way it informs virtually everything about Trump’s campaign. So far I’ve discussed it mainly in the context of domestic, electoral politics. That’s the framework in which I usually think about it. But since Trump will almost certainly be the Republican nominee and thus possibly become President, it’s important to think through the implications abroad as well.