The threat to liberal values (liberal in the philosophical sense) coming from right-wing populism is pretty unconvincing considering that the self-appointed gatekeepers of those values, from EU technocrats to Thomas Friedman to Emmanuel Macron, have pretty well opposed all secularism and republicanism in the Middle East for decades while simultaneously championing the Gulf monarchies. If you compare human rights abuses between places like Iran and Syria (pre civil war) on the one hand, and Saudi Arabia and Qatar on the other, it’s a wash. Sure Iran is a theocracy, but it’s a republican theocracy, meaning they’ve fundamentally adopted western thought into their state. Doesn’t that count for anything Mr. Friedman? Nothing the monarchs do seems to matter, but the world is close to over because Hungary, Poland, and Italy embrace some mild illiberalism. Trump can be a mixed bag. Those liberal thought leaders love him when he passes tax cuts, bombs Syria and threatens Iran, but we also have the ongoing Russia freakout, NATO skepticism, tariffs, etc. I’m not one of those edgy leftists who poo-poos liberal values, I think they very much need to be defended, we just need better people defending them.
The day after Obama won his second term the markets took a bit of a tumble. The Dow dipped below 13,000 for the first time in a few months. US Congressional gridlock and the ongoing crisis in Europe are mostly to blame. What is more interesting, even if it's unsurprising, is the rush to bonds- US government bonds to be exact. Indeed, the yield on ten-year treasury notes dipped as low as it has since May. Even with our ratings downgrade (which no one now cares about in the slightest) and huge debt, it is cheaper than ever for us to borrow money. We are still the safest piggy bank out there.
With the "fiscal cliff" of expiring tax cuts and automatic spending cuts looming, the spirit of compromise is being sprayed into the air like a bottle of Glade mountain berry. Democrats are fond of saying we need a "balanced" approach to reducing the deficit. Nominally this means some tax increases along with spending cuts. Republicans are now, apparently, open to some sort…
With the "fiscal cliff" of expiring tax cuts and automatic spending cuts looming, the spirit of compromise is being sprayed into the air like a bottle of Glade mountain berry. Democrats are fond of saying we need a "balanced" approach to reducing the deficit. Nominally this means some tax increases along with spending cuts. Republicans are now, apparently, open to some sort…
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