The Spectacle Blog

CEI’s Coalition Letter to Prevent New Bailouts of Fannie and Freddie

By on 8.28.15 | 1:50PM

As the Dodd-Frank “financial reform” celebrated its fifth anniversary this summer, just about every financial business—as well as many nonfinancial firms—have come under its thumb. This is true whether or not these companies had anything to do with the financial crisis.

Community banks and credit unions that had nothing to do with the subprime mortgage meltdown suddenly found that they couldn’t issue mortgages to creditworthy borrowers, thanks to provisions such as “qualified mortgage” and “qualified residential mortgage” mandates enforced by the Consumer Financial Protection Bureau, the unaccountable new agency created by Dodd-Frank. Stable insurance companies such as MetLife that never faltered during the crisis and served policy holders for decades suddenly found themselves subject to bank-like capital requirements that even liberal Democrats like Sherrod Brown said was inappropriate.

Pure Gold From Jackson Hole

By on 8.28.15 | 12:08PM

The Jackson Hole Summit, billed as being "designed to challenge the policies of the Fed," opened this morning, to the sounds of Ray Charles and "We're Off To See The Wizard." The Wizard of Oz and the Yellow Brick Road are already a constant theme, with only two speakers under the group's belt. Taking place at the same time as the Fed Conference, introductory speaker Steve Lonegan made it clear this is not mere collocation but absolute defiance. The speakers and attendees here in Wyoming have differing points of view on policy prescriptions and possible solutions, but they are joined together in at least one single purpose: total condemnation of the Fed.

The Morning Spectacle: Best Buddies

By on 8.28.15 | 10:16AM

The weekend is so close you can taste it.

In Our Sights

House Majority leader John Boehner would do well to remember that people carry cell phones with them to donor dinners now. And the ones who don't don't necessarily have similar feelings about Ted Cruz

Speaking of, while Democrats are busily whipping votes to get the Iran deal past a Republican blockade in the Senate, Ted Cruz is taking matters into his own hands. The circus comes to town on September 9th, tentatively.

Darryl Dawkins, R.I.P.

By on 8.28.15 | 12:27AM

Former NBA player Darryl Dawkins died suddenly of a heart attack. He was 58.

Forty years ago, Dawkins was the talk of the NBA when the Philadelphia 76ers drafted him. It was the first time a high school player had ever been drafted by the league. Dawkins never lived up to expectations during his tenure with the 76ers and later the New Jersey Nets as well as brief stints with the Utah Jazz and the Detroit Pistons before ending his NBA career in 1989. He would play another decade in Europe.

Nicknamed "Chocolate Thunder" by Stevie Wonder, Dawkins is best remembered for not once, but twice breaking the backboard with his slam dunks in 1979. The NBA would then make that move illegal. 

After his playing career, Dawkins did some coaching with the ABA and the short-lived USBL before landing a gig with Lehigh Carbon Community College near his home in Allentown, Pennsylvania. 

Even if Dawkins didn't become one of the greatest NBA players, he sure was one of its memorable.

Establishment Guy Endorses Establishment Guy

By on 8.27.15 | 10:42PM

It’s a bit like Bill endorsing Hillary, Penn endorsing Teller, or ham endorsing eggs. The news, which came while I was eating dinner Thursday night, that former Republican House Majority Leader Eric Cantor has endorsed Jeb! Bush for president, gave me my biggest laugh in weeks. I’m just glad my mouth wasn’t full when I first heard it.

In an election cycle where there is every indication that being an establishment candidate will almost certainly lead to a loss, Jeb! now has a big air-kiss from a guy who has already lost because he was too establishment. Did Jeb! know this was coming? Was there any way he could have headed it off? Will he send someone to loosen Cantor’s tie-rods?

Hillary Clinton: Republicans Are Totally Like ISIS Terrorists

By on 8.27.15 | 5:40PM

A couple of weeks ago, Republican legislators took on the task of "defunding Planned Parenthood," a measure that was generally doomed to failure, but designed to make a statement that doing things like chopping up aborted babies and shipping them off for science experiements, were part of a looser definition of "womens health" than most people are typically comfortable with. A few states ultimately succeeded in revoking state-based funding for Planned Parenthood, and several attorneys general are investigating claims that Planned Parenthood is collecting more than just reimbursements for supplying lots of baby livers and brains.

But, according to Hillary Clinton, who, by virtue of being a woman who happens to be running for President and is, therefore, the only candidate with any concern for women's needs, anyone who would question Planned Parenthood's decision to cut into a baby's face while its heart is beating is basically the same as ISIS "rebels" who round up women for sex slavery, behead thousands of "apostates" in the Middle East, and finance their operation with black market organs they take from their prisoners. 

Most People Associate The Word “Liar” With “Hillary Clinton”

By on 8.27.15 | 12:05PM

Quinnipiac is probably in the bag for Bernie Sanders (and who wouldn't be after that dramatic spoken word performance we posted in the Spectacle yesterday?), so take the results with a grain of salt, but according to a poll they released this morning, the top word people associate with Hillary Clinton is, "Liar."

This is basically Hillary Clinton's worst week ever, you guys. Somebody send the poor lady some shoes. Or a box of wine.

Those are a lot of negative adjectives. For every "experience," there's about a hundred "dishonest"s. And while a few people managed to call her "brilliant," a couple people are still convinced she's been hiding bodies, not just email servers. 

The Morning Spectacle: On The Upswing

By on 8.27.15 | 8:58AM

In Our Sights

Jeb Bush has an education reform plan that's definitely different from Barack Obama's. But only if you consider that Jeb Bush's plan not only pays for two years of community college, it also pays back everyone who doesn't eventually graduate. Because if there was one flaw with Obama's plan, it was that it wasn't expensive enough.

In a meeting with Republican leaders, Donald Trump promised not to run as an independent if he doesn't get the Republican nomination. Probably. Okay, no he definitely won't run as an independent. Maybe. As far as he knows. Now.

Schilling Suspended for Committing Public Truth

By on 8.26.15 | 2:05PM

How naïve of Curt Schilling to allow himself to get caught telling the truth while being employed by the left political organ ESPN (Every Sport Political Now).

Schilling, the former Phillies, Red Sox and Angels pitcher – he of the bloody sock and good fastball – was suspended by ESPN for saying in a tweet that radical Islamists and the Nazis share the trait of murderousness, and that the number of Muslims who are members of radical groups underestimates the sympathy for murder in the name of Islam, just as the number of Germans who were formal members of the Nazi Party underestimated the support for that version of murderous fascism.

It’s hard to imagine an assertion that is more obviously true than this. But ESPN is not in the truth business, at least when the truth involved is cross-wise to the left agenda that the folks in Bristol, Connecticut feel themselves obliged to cater to. So Curt is on the porch for now. Perhaps he should have restricted his non-baseball comments to praising Caitlyn Jenner.

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