Matt Yglesias

Donald Trump’s administration is going to be a bonanza for bankers

Donald Trump’s administration is going to be a bonanza for bankers:

> Trump’s pose as an anti-finance populist may be the single greatest trick of his entire campaign. Alongside some rhetoric, after all, Trump has an actual policy agenda that he is running on — and that agenda is incredibly favorable to bankers. He wants less regulation of banks and lower taxes for hedge fund and private equity managers.

> And despite repeatedly attacking Clinton for her ties to Wall Street, Trump has close ties to the banking industry himself. His real estate empire has created a network of conflicts of interest (and opportunities to massively enrich himself) never before seen in an American president.

A shocking amount of conservative politics is a multilevel marketing scam

A shocking amount of conservative politics is a multilevel marketing scam:

What they found is that most of these groups aren’t really raising money in order to support conservative candidates for office or to lobby on behalf of conservative causes — they’re raising millions of dollars and then spending 80 to 90 percent of that money on fees to consulting firms that are run by the people who started the groups. In effect, you have direct mail and email campaigns whose sole purpose is to raise funds to pay direct mail and email operatives.

This explains why do many want to run in the GOP primary. It’s good for fund raising.

The Bush administration's enormous national security failure, in one tweet

The Bush administration's enormous national security failure, in one tweet:

You see in Bush’s conduct and Cornyn’s tweet a persistent unwillingness to recognize the existence of disparate forces in the world. Al-Qaeda merges alternately with Saddam Hussein or the regime in Iran in a hazy muddle of “Muslims behaving badly.” It’s a deeply flawed analysis of the world and it’s one of the main reasons it took so long for bin Laden to be brought to justice.

Obama's economics team is taking on one of America's most underrated economic problems

Obama's economics team is taking on one of America's most underrated economic problems:

Regulating entry into certain kinds of professions on the grounds of health and safety makes sense, but once a process is set up to exclude people from doing a job, incumbent practitioners have a strong economic incentive to use the licensing board as a means to eliminate competition.

This was tried by Jerry Brown (I think) and the attack ads making health and safety started before the ink was dry on the bill’s first draft.