The Same Sex Marriage Bigots Time Will Pass By

Wes AllenI’m very pleased that the Supreme Court narrowly found a Constitutional right to marry. But I’m also with Jonathan Chait in thinking, “The Supreme Court’s decision affirming marriage equality hastens what was already a fait accompli.” It is a great day, but the only thing that makes it notable is that the Supreme Court isn’t decades behind public opinion. What I do think is kind of stupendous is that the decision came today, the day before San Francisco Pride. What a great coincidence that is! But not all people are celebrating.

Yesterday evening, the Associated Press reported, Gay Couples Wed on Historic Day as Conservatives Resist. Apparently, when the decision came down, a lot of LGBT couples across the country rushed to courthouses to get married. It’s sweet really. As a typically straight guy who never had to think of marriage as anything special, it’s nice to see people running towards it even as I have run screaming from it twice. And in many cases, these eager LGBT couples were treated with the openness and joy that the occasion deserves. For example, the article mentioned one couple in Louisville, Kentucky who were greeted by the mayor with a bottle of champagne. We have a word for that here in the Bay Area: class.

But in Pike County, Alabama, Probate Judge Wes Allen has decided that he’s just not going to issue any marriage licenses at all. Think about the irony of this. For decades, conservatives have been telling us that if LGBT couples get the right to marry, it will destroy the institution of marriage. I never imagined that same sex marriage opponents meant that destruction would come in this form: that there would be no more opposite sex marriages because the opponents would stop allowing them out of pure spite.

There does seem to be something wrong with conservatives. They just can’t let things go. When it came to Jim Crow, it was going to destroy “white culture.” But it didn’t. And this is going to destroy “straight marriage” and “the family.” It’s all so ridiculous! But I do understand where it comes from. I remember when I was younger, I would get mad about something. And I was right about it — it was a righteous anger. And so I wanted to hang onto it. But it took so much energy! Eventually, I just learned to let things go. I also learned that often when I thought I was righteous, I actually wasn’t.

Look at Judge Pike above. That picture was taken a few years ago. He’s 39 years old right now: too young to be that bigoted and too old to act so childishly. I really don’t get it. Even if you feel that same sex marriage is wrong, don’t you have a duty to, you know, do your job? There are parts of every job that aren’t pleasant. The loophole that Pike has found is certainly not one that his God is going to approve of. So what is he really doing but putting off the day when he will have to go along, and in the mean time looking like a real jerk. And he’s not alone.

LGBT Rights Move Apace

Glenn GreenwaldAlthough the result was expected on a rational level, today’s ruling is still viscerally shocking for any LGBT citizen who grew up in the US, or their family members and close friends. It’s almost hard to believe that same-sex marriage is now legal in all 50 states. Just consider how embedded, pervasive and recent anti-gay sentiment has been in the fabric of American life…

It’s breathtaking to consider the amount of courage and human suffering that led to today’s decision. In the late 1940s, Harry Hay created the Mattachine Society, which combined highly progressive politics with a campaign for gay rights in an indescribably hostile and oppressive climate. The Stonewall Riot of 1968, driven by outrage over endless police harassment, was led by the most marginalized members of the community, and sparked the modern LGBT movement. In the late 1980s and 1990s, ACT UP — driven primarily by sick gay men and their lesbian allies — pioneered political activism with a union of defiance, dissent, and shrewd expertise and strategizing that unquestionably saved countless lives around the world and emboldened an entire generation of gay people (passively attending ACT UP meetings at Cooper Union during my law schools years was incredibly formative).

The experience of being gay in the US has long been one of intense stigma, condemnation and exclusion; for many, it was worse than that. The tragically conclusive empirical data on the highly disproportionate suicide rates for gay adolescents, by itself, tells much of that story. To witness the arrival of full-scale legal equality is something many never expected to see in their lifetime, and now that it has happened, still seems surreal.

—Glenn Greenwald
Today’s Court Ruling, Though Expected, is Still Shocking – Especially for Those Who Grew Up LGBT in the US

Is Marriage Equality Good for the GOP?

Brian BeutlerWas Brian Beutler right when he explained, Why Conservatives Should Praise God for the Supreme Court’s Gay Marriage Decision? His argument is pretty standard. The decision allowing same sex marriage across the country has saved the Republicans from themselves. He compared it to Brown v Board of Education. He noted, “If a different Supreme Court hadn’t helped end the civil rights debate, a big segment of the country would’ve remained separate-but-equal fanatics for years and years, and driven their elected officials into that dead end with them.” He’s right about this, of course. In another couple of years, same sex marriage is going to have 80% approval and it helps the Republicans a lot to not have to talk about it.

But there is a bigger point here: conservatives are always on the trailing end of history. And the Republican Party has set up a system where they have to use these ancillary issues in order to further their primary goal of enriching the already rich and empowering the already powerful. And they really do get stuck in their own traps. But it is hard to feel sorry for them because issues like same sex marriage serve them well for a long time. And they would be lost without them.

The more important point is that, as same sex marriage becomes a thing of the past, they will simply find new things to stand against. This is Corey Robin’s very definition of conservatism: being against liberation movements. The point is always and forever that whoever are in charge at any given time are the right people to be in charge. So we always will hear things from conservatives like, “Well certainly Jim Crow was bad, but that’s all a thing of the past!” Whatever it is that people are asking for now must be resisted because freedom is a limited quantity. In fact, that’s been quite explicit in the same sex marriage debate where it was bizarrely claimed that it would harm heterosexual marriage — like there is some law of conservation of marriage.

And let’s not forget that the ultimate fall back for conservatives is the poor. LGBT rights has always been a sideshow. The true popular power of the Republican Party has been its veiled (and not so veiled) attacks on African Americans and Latinos as the moocher class. This has the advantage of being fairly straightforward. It really goes along with what conservatives believe: the rich are rich because they are better and the poor are poor because they suck. This was, by the way, one of the primary arguments for chattel slavery. Not much has changed.

So I think that Beutler is basically correct: for the Republican Party, the legalization of same sex marriage is helpful. There will, of course, continue to be culture warriors like Mike Huckabee who will pander to that consistent 20% of the population that hates everyone and everything. But mostly, the party will abandon it. But it will continue on with its usual bigotry. And it will find new things to demagogue against. Cheer up Republicans, the dream is not dead!

Why the Confederate Flag Issue Took Off

Confederate Flag South CarolinaHans Noel via Jonathan Bernstein explained an issue that a lot of people have no doubt found puzzling, The Flag Was No Fluke. The question at hand is why did the murders at the Emanuel AME Church end in political action about the Confederate flag and not the more obvious gun control. I’ll tell you what I had assumed: everyone is tired of gun control.

After Sandy Hook, even the smallest changes to our gun laws were out of the question. To even talk about them, we were told, was to politicize the tragedy — as though telling people not to talk about guns is a less political act. So it isn’t surprising that for a lot of liberals, it doesn’t make sense to start talking about guns when even many Democrats will be against doing even the smallest things.

What Noel highlighted was that the gun control movement and the African American community are two constituencies of the Democratic Party. But the African American community is far more important. The truth is that although most Democrats would like to see more reasonable gun laws, it is at the top of the list for very few. So when the Charleston massacre happened, and there were two possible responses, the Democrats followed with the stronger and better organized group.

The Confederate flag has been a big issue for activists for decades. I don’t consider racism to be one of my core issues and yet I’ve written about the Confederate flag obsessively over the last five years. It isn’t personally offensive to me the way it is to many African Americans. But it is such an obvious offense. I’m sure there are a lot of white liberals like me, but who haven’t given the issue much thought. And when it was brought up in such a barbaric way, it’s clear, “Get rid of that flag!”

The other side, of course, is that there are people in the Republican Party who have long wanted to get rid of the flag. It is not welcoming to African Americans, or for that matter, anyone except for those who fetishize the flag. And those people are already big Republican boosters. It goes back to Lee Atwater’s idea that racist appeals have to be made more subtle over time. Well, the Confederate flag ain’t subtle.

We’ll see how far this goes. I’d like to get rid of it completely. Clearly, it should be scrubbed from state grounds and courthouses. But I’d like to see more. I would like to see the display of the Confederate flag be treated with the same public distaste as the display of the Nazi flag. But we can start with the Confederate flag at the South Carolina capital.

Martin O’Malley’s Pathetic Shot at Bernie Sanders

Bernie SandersOh. My. God! Did you know that Bernie Sanders was pro-gun?! Mark Joseph Stern seemed pretty worked up about it last month, Bernie Sanders, Gun Nut. He wrote then, “But before liberal Democrats flock to Sanders, they should remember that the Vermont senator stands firmly to Clinton’s right on one issue of overwhelming importance to the Democratic base: gun control.” Really?! Is that an issue of overwhelming importance to us? Because I didn’t know that. I thought the Democratic Party had given up on gun control some time in the 1980s.

But okay, Sanders is no kind of gun control fanatic. Just the same, he’s no kind of gun rights fanatic. It’s hard to figure out NRA ratings, but as far as I can tell, Sanders’ NRA grade was F in 2003, D- in 2012, and F now. So let’s think about this. Even if Sanders is inclined toward more gun freedom than the Democratic base, how would it ever matter given the state of not just the Republican Party but the conservative wing of the Democratic Party? What’s more, I don’t think that most Democrats are all that extreme when it comes to gun control. It is just a matter of sensible measures — and even they are beyond the pale.

I kind of think that Stern’s article was an indirect attack from the Clinton campaign. But now we have an attack ad from Generation Forward, the Super-PAC of Martin O’Malley. And it’s pretty effective in its way. Just the same, when I saw it, I though, “So?!” For one thing, I know that Sanders isn’t a liberal. In most nations, socialists are the nationalists. One of the great things about Sanders is that he is no shrinking violet. Conservatives might blast him on his economics (which are hugely popular), but they can’t pretend that he isn’t strong — they can’t paint him as effete.

There’s more than a hint of desperation here. This line is telling, “The NRA even paid for ads attacking a Sanders opponent.” That’s a reference to Sanders 1990 campaign against Peter Smith for the Vermont’s at-large Representative seat. Apparently, Smith had angered the NRA by voting for the assault weapons ban. So it was 25 years ago, and it certainly wasn’t an endorsement of Sanders.

The text that goes along with Generation Forward’s YouTube post of the video claims, “You can’t claim to soak the fat boys and exempt the profiteers in the gun industry.” That’s a good one! For one thing, it’s a total distortion of Sanders’ economic policies. For another, there is a big difference between different gun control policies and proper economic policy. No one thinks that Sanders has voted the way that he votes to curry favor with the small weapons industry and its media arm, the NRA.

Politics is serious business. I don’t blame O’Malley for doing whatever it takes to get a little traction. I just doubt it will work. It seems a little early to start this kind of thing anyway. There are still the debates, which will doubtless help him. But for right now, I can see his campaign getting a desperate. Sanders is getting a lot of good attention. But so did Howard Dean in 2004. We should all relax.

Oh, also: Bernie Sanders 2016!

Greater Equality Helps Economic Growth

Era Dabla-NorrisEarlier IMF work has shown that income inequality is bad for growth and its sustainability. Our new research shows that income distribution itself — not just the level of income inequality — matters for growth.

Specifically, we find that making the rich richer by one percentage point lowers GDP growth in a country over the next five years by 0.08 percentage points — whereas making the poor and the middle class one percentage point richer can raise GDP growth by as much as 0.38 percentage points… Put simply, boosting the incomes of the poor and the middle class can help raise growth prospects for all.

One possible explanation is that the poor and the middle class tend to consume a higher fraction of their income than the rich… What this means is that the poor and the middle class are key engines of growth. But with inequality on the rise, those engines are stalling.

—Era Dabla-Norris et al
Growth’s Secret Weapon: The Poor and the Middle Class

Sure, Bobby Jindal Is as Good a Candidate as Any

Bobby JindalBobby Jindal announced his run for the presidency yesterday with a video — probably because it’s too expensive to pay actors to fill a room. There is no doubt that he’s a long-shot. For the past six months, he’s had a string of embarrassments. Most notably, he went to the UK to talk about the supposed “no-go zones” in London. He was widely mocked in the British press. Lucky for Jindal, the American press is much nicer about this kind of thing. To me, the biggest thing about Jindal is his social conservative bent. He is normally a Catholic, but he sounds like an evangelical. He follows the church’s teaching when it comes to homosexuality and abortion and pretty much nothing else. (Note: the Catholic church is not easy for liberals or conservatives.)

But Jonathan Bernstein has a positive take on the candidacy, Bobby Jindal’s 2016 Bid Makes Sense. He noted that the race is actually wide open. Jindal may be polling at number 15 (which puts him below some people who haven’t officially announced), but a lot could change, “Jindal — like Chris Christie, who is apparently moving ahead with his own effort — has correctly assessed that the Republican front-runners are weak enough that a long shot could win the nomination.” So why not?

Think back to the 2012 Republican nomination fight. It seemed that every week there was a new front runner. But 2016 was supposed to be different because there were going to be some top tier candidates. I don’t even know what that means anymore. The Republicans have a problem in that they really don’t disagree about anything. Every once in a while, someone will come out in favor of immigration reform, only to be shouted down. So who is in the lead is more or less random — based upon the most recent news. (Check this out: Donald Trump currently polls in second place in New Hampshire.)

Remember that Newt Gingrich got 137 electoral votes in the primary. If he had been a reasonable candidate, he could have caught fire and gone the whole way. And he wasn’t even trying hard. Consider, more tellingly, Herman Cain. Had he been a real candidate, he probably would have won. The truth is that the Republican base is desperate to vote for an African American who will tell them that race is not an issue and that they are the true victims. And I think Jindal fits that bill very well. The Republicans, after all, are proud of having the two whitest Latinos in the world — Ted Cruz and Marco Rubio. The fact that Jindal in Indian, doesn’t matter.

It is a crap shoot. But sure: Jindal has a shot. I certainly think he has a better shot than Chris Christie does. But the fact that he has a shot is more a reflection of the Republican Party than it is of him. The truth is that the party has little to offer. So they are all going to stand on the debate state and pander to the base. We will see which one of them can be more against immigration or more for destroying the Islamic State and just generally be more “real America.” Jindal could catch a break. So could almost any of them. Just like in 2012.

Why Focus on Jihad When There Are Bigger Killers

Terror and Other Threats to Americans

It usually doesn’t mean much to tell people not to be afraid of airplane travel because it is so much safer than automobile travel. Similarly, it doesn’t mean much to tell people not to worry about terrorist acts because they are far more likely to be crushed by their refrigerator. So on that level, I don’t think it much matters that New America released a report that found that right wing terrorists were responsible for just under twice as many American deaths as jihadists were.

Of course, most Americans are not worried about terrorism. It is something far removed from their lives. It is just something that they worry about now and then because the media get them worked up about it. And for those poor people who have Fox News on all day, we must have great sympathy. They are fed a constant diet of hate and fear to the point where they actually think that the Islamic State poses a threat to them in the suburbs of Kansas City.

But I think the New America report ought to be very important from a policy standpoint: that we aren’t using our resources effectively. After Dylann Roof committed his heinous murders and we found out about his online “manifesto” and his well known attitudes and threats, I wondered where the FBI had been. It seems that a couple of times per year, we hear about some big terrorist plot that was stopped by the FBI. And in each case, it is the same: the FBI found a mentally unstable person, whipped him up into a jihadist frenzy, and then arrested him for it. It’s like clockwork.

And the coverage is always the same. The mainstream media report on the big “terror plot.” There are congratulations all around. And then, we read in The Guardian or The Intercept that it was just another FBI plot foiled by the FBI. We seem to spend a whole lot of time and energy on this kind of thing. And just imagine how many people the FBI tries to set up who won’t go along with the deal. Regardless, these resources could be used to scan all the new domain name purchases. One called The Last Rhodesian should stand out. Or it would if the FBI were interested in real threats to Americans rather than creating finely scripted “terror plots” for the mainstream media to eat up and the government to keep funding.

But look at the chart above. It’s from an article by Glenn Greenwald and Josh Begley, The Greatest Obstacle to Anti-Muslim Fear-Mongering and Bigotry: Reality. It is a nice reminder. It brings back memories of Fahrenheit 9/11, where people in a Virginia suburb can only come up with Walmart as a possible terrorist target. But the truth is that the people in the FBI and all the other parts of the “homeland security” apparatus know all this stuff. But apparently, there is little money in reducing real threats like cars and environmental hazards.

So we will continue on getting a constant focus on the jihadists, even as they seem more occupied far away killing peaceful Muslims. And we will only occasionally be reminded of right wing extremists when people like Roof pop up to kill people. There will be no more resources put on it. We won’t be allowed to talk about easy access to guns. Even racism will be largely off limits. But if we are very, very lucky, the South Carolina capital grounds will stop flying the Confederate flag. I guess that’s something. But there is still the state flag of Mississippi. And, you know, everything else.

Anniversary Post: King Richard III

King Richard IIIOn this day in 1483, Prince Richard, Duke of Gloucester became King Richard III of England. I’ve long been fascinated by him because of the play, “If King Edward be as true and just, as I am subtle, false, and treacherous…” Who can’t help but love a hunchback with a shriveled arm who not only became the king of England but ended up being the last king to die the proper way: in battle. The problem is that Richard had no shriveled hand nor was he was a hunchback. He did, however, have distinct curvature of the spine. And it is hard not to think of him as Tyrion Lannister — although apparently Richard’s scoliosis did not occur until his adolescence.

The most recent research indicates that Richard’s deformity probably wasn’t big enough that the public would even have known. But certainly the aristocracy knew. I tend to think that the treachery that led to Richard’s death at the Battle of Bosworth Field was due primarily to his deformity. Let’s face it, even today, people rate beautiful people as smarter, kinder, and every other metric of goodness in comparison to ugly folk. And at that time, deformity was doubtless thought to indicate that God looked down on the sufferer.

None of this is to say that Richard was a saint. I’m sure he was just as vile as the other kings of that time. But I suspect much of his horrible legend is also due to the same distaste that led to his death. Still, it made a hell of a play — one of Shakespeare’s best. And I’ve come to think that no one has ever been as good as Ron Cook in the role:

Happy King Day, Richard; I hope you enjoyed it while it lasted!

Dylann Roof Is Right About the Confederate Flag

Ta-Nehisi CoatesThis afternoon, in announcing her support for removing the Confederate flag from the capitol grounds, South Carolina Governor Nikki Haley asserted that killer Dylann Roof had “a sick and twisted view of the flag” which did not reflect “the people in our state who respect and in many ways revere it.” If the governor meant that very few of the flag’s supporters believe in mass murder, she is surely right. But on the question of whose view of the Confederate Flag is more twisted, she is almost certainly wrong.

Roof’s belief that black life had no purpose beyond subjugation is “sick and twisted” in the exact same manner as the beliefs of those who created the Confederate flag were “sick and twisted.” The Confederate flag is directly tied to the Confederate cause, and the Confederate cause was white supremacy. This claim is not the result of revisionism. It does not require reading between the lines. It is the plain meaning of the words of those who bore the Confederate flag across history. These words must never be forgotten. Over the next few months the word “heritage” will be repeatedly invoked. It would be derelict to not examine the exact contents of that heritage…

Nikki Haley deserves credit for calling for the removal of the Confederate flag. She deserves criticism for couching that removal as matter of manners. At the present moment the effort to remove the flag is being cast as matter of politesse, a matter over which reasonable people may disagree. The flag is a “painful symbol” concedes David French. Its removal might “offer relief to those genuinely hurt,” writes Ian Tuttle. “To many, it is a symbol of racial hatred,” tweeted Mitt Romney. The flag has been “misappropriated by hate groups,” claims South Carolina senator Tom Davis.

This mythology of manners is adopted in lieu of the mythology of the Lost Cause. But it still has the great drawback of being rooted in a lie. The Confederate flag should not come down because it is offensive to African Americans. The Confederate flag should come down because it is embarrassing to all Americans. The embarrassment is not limited to the flag, itself. The fact that it still flies, that one must debate its meaning in 2015, reflects an incredible ignorance. A century and a half after Lincoln was killed, after 750,000 of our ancestors died, Americans still aren’t quite sure why.

—Ta-Nehisi Coates
What This Cruel War Was Over

Obamacare Survives, Court Still Embarrassing

We Heart ObamacareIn a 6-3 decision, the Supreme Court found against the plaintiffs in King v Burwell — thus keeping the subsidies for Obamacare bought on the federal exchanges. I’m pleased, of course. The last thing we needed was the kind of disruption that finding for the plaintiff would have created. Chief Justice Roberts wrote the opinion and he made pretty much the same argument he did the first time Obamacare made its way to the Court, “The court’s decision reflects the philosophy that judges should endure whatever interpretive distortions it takes in order to correct a supposed flaw in the statutory machinery.” In other words, the court is not there to be pedantic.

For those who don’t know, the question before the court regarded five words: “an exchange established by the state.” Obamacare provided subsidies for people buying insurance on these exchanges. The plaintiffs claimed that if a state used an exchange run by the federal government, then subsidies were not available. It turned out that this phrase was contradicted by other phrases in the law. So whichever way the court found would conflict with parts of the law. So the three judges that found against it — Scalia, Alito, and Thomas — were not being consistent. As usual, they were just being ideologues.

Antonin Scalia - Nazi OfficerThe result still bothers me. Scalia’s dissent is apparently sarcastic, talking about the clear meaning of the five words. It’s just the same as his broccoli comments last time. What it makes me think is that all you need to know how this unholy trinity will find in a case is to listen to what people are saying on right wing radio. But as we know from Ian Millhiser, this has generally been the rule. The Supreme Court is not a serious deliberative body. In general, it is a deeply conservative body that finally sees reason long after everyone else has.

The problem is that smart people can always find plausible sounding reasons for their opinions — regardless of how absurd those opinions are. Scalia claimed that “words no longer have meaning if an Exchange that is not established by a State is ‘established by the state.'” Matt Yglesias noted that words don’t actually work the way that Scalia claims. Yglesias provided the following amusing paragraph to demonstrate:

Individual stringz of letterz r efforts to express meaningful propositions in an intelligible way. To succeed at this mission does not require the youse of any particular rite series of words and, in fact, a sntnce fll of gibberish cn B prfctly comprehensible and meaningful 2 an intelligent reader. To understand a phrse or paragraf or an entire txt rekwires the use of human understanding and contextual infrmation not just a dctionry.

The good news about the ruling can be found from Brian Beutler, Game Over, Obamacare Haters. He noted that Roberts wrote the decision to close down this process of chipping away at Obamacare — looking for a few loose words in the massive law and try to use it to tear the whole thing apart. “The ruling thus combines a standard textualist mode of interpretation — a view to the statute’s full context to determine the meaning of isolated provisions — with a common sense analysis of the law’s structure into a mode of interpretation you might call heurism.” That’s a good thing.

Last July, the United States Court of Appeals for the Fourth Circuit, found against the plaintiffs in his case, stating that the phrase was “ambiguous and subject to multiple interpretations.” And that meant that the IRS had a right to deference regarding its interpretation. Given that the IRS has been given great latitude in interpreting lots of statutes, this seems like the reasonable interpretation. It should have stopped there. A 6-3 decision is fine — I’ll take it. But the fact that Scalia and company will allow this is an embarrassment.

The Increasing Democratic Advantage

David WassermanDavid Wasserman, like a good liberal, is very careful when talking about the Democrats’ chances in the 2016 election, Mapping the 2016 Electorate: Demographics Don’t Guarantee a Democratic White House. But the article is about how much more the electorate favors the Democrats in 2016 than it did in 2012. Jonathan Chait provided a better headline, How Much Will Demographics Help Hillary Clinton? He pointed out what ought to be obvious to all, “And, of course, nobody thinks demographics guarantee a Democratic White House.” But it does highlight the problem that the Republicans have. It’s like going into the last inning of a baseball game: being up one run up doesn’t mean you will win, but it’s better than being one run down.

Wasserman calculated that, all else being even, the changing demographics will give the Democrats a 1.5 percentage point boost. He provided the numbers for the 15 states where Romney and Obama were within 10 percentage points of each other. And it is striking. Florida, which Obama won by just 0.9 percentage points, has a demographic change of 1.6 percentage point shift, indicating a much more comfortable 2.5 percent point victory. North Carolina is even a more exciting shift. Obama lost by 2.0 percent points, but with the help of a 1.7 percentage point shift in that state, 2016 would see a Democratic defeat of just 0.3 percentage points — really down in the noise.

I still maintain that the political science fundamentals dictate that the trend of the economy is the single biggest issue. If the economy goes into recession at the beginning of next year, the Republicans are almost certain to win. As a result of this, I worry about the actions of the Federal Reserve. They keep putting off raising interest rates. While I believe that is the right thing to do, there is enormous pressure by the power elite for the Fed to raise rates. It just can’t be justified right now: the inflation rate this year have been zero, nada, nichts, nothing!

But will the Fed raise them next year, tanking the economy just in time to assure a Republican victory? This shouldn’t happen. If the Fed does its job properly, it should be able to cool the economy without throwing it into recession. But you have to wonder about the Fed raising rates in 2016 — which I am almost certain it will do. For four years, the inflation rate has been below the Fed’s 2% target — a target that I consider too low anyway. If the target is 2%, shouldn’t the Fed allow the rate to get a bit above that level for a while? We will see just how professional and courageous the Fed shows itself to be over the next year.

There is another side to this, however. I wonder if there isn’t a tipping point. The Republicans have put all their political eggs in one one basket. And as the country has changed demographically, the party has done nothing to reach out to the demographic groups that are growing. Are we reaching the point where a modest recession would still allow the Democrats to win the presidency? I don’t think we are there yet. But one thing is for certain: if the economy continues to improve, Hillary Clinton will beat any Republican who runs against her. And she will do it by a larger margin than Obama beat Romney.