When I was young, I recall the comfort I got when the adults would talk about the big issues of the day. I could tell that they had the issues well in hand.
Today I heard an interview with Hank Paulson, Timothy Geithner and Ben Bernanke where they talked about the triggers of the 2008 Financial Crisis. Listening to that interview I again noticed a feeling a comfort as they discussed the events of that crisis. Here is the interview (and it’s a good listen if you have the time):
Later in the same program that contained that interview, I heard a report that the new tariffs were beginning to give rise to significant practical harm to U.S. businesses. I also heard a report that the stock market had taken a significant nose-dive.
In that contrast — with Hank, Tim and Ben on the one side and a different group on the other side — I realized that I have the opposite feeling about the current economic situation.
I have a feeling like there are NO adults in the room.
And I have a feeling like there is no minimum safe distance from the calamity that this current government could wreak.
Yesterday, SpaceX launched a Falcon9 rocket in the morning on a resupply mission to the International Space Station. Nine minutes later, the same rocket landed at a nearby landing pad. This is a video of the recovery and successful landing of a primary stage booster for a spaceship. This is just amazing.
I just finished reading the order. It was clearly a rush job on the part of the Ninth Circuit, but it was well drafted. The panel of judges clearly anticipated that their order would be taken up by the USSC. Because of their diligence, I don’t think that a divided USSC wants to take up review of what is effectively a preliminary injunction. I suspect that the USSC will let the Federal District Court in Seattle actually try the case through to a permanent injunction.
The one really interesting take away from the decision was the court’s decision to focus on 45’s “Muslim Ban” rhetoric (yes, I have taken to referring to him as “45”; get over it).
By characterizing this as a Muslim Ban and a “campaign promise kept”, 45 has basically hung himself on the Equal Protection Clause of the Fourteenth Amendment. I’m not sure how to handicap what will happen next, but my suspicion is that this won’t be taken up by the USSC right now.