Morning Briefing for June 29, 2010

RedState Morning Briefing
For June 29, 2010

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1. Shouldn’t This Make Him An American Hero?

It’s the 1990’s. Janet Reno is Attorney General. Waco has happened. Columbine has happened. The Bureau of Alcohol Tobacco and Firearms is aggressively pursuing cases out west of suspected militia members. The ATF expanded the cases to gun dealers as the Clinton administration wanted to pursue further restrictions on how gun dealers could sell guns. United States Attorneys were using these cases to advance their careers.Now, imagine you are an Assistant United States Attorney. The Columbine gun shooting happens. The loser in the U.S. Senate race in 1996 gets installed as U.S. Attorney shortly after Columbine and decides to rebuild his political career by aggressively going after gun dealers. The ATF conducts a sting operation on legal gun dealers and arrests several.But there’s a problem. It’s clear that the U.S. Attorney is pursuing the cases to rebuild his own career and again run for higher office. It’s clear the ATF wants these cases in the headlines as the Clinton Administration begins a renewed push to cripple the legal sales of firearms.Even worse, internal memoranda confidentially circulating within the U.S. Attorney’s office clearly state that the cases are weak and probably should not be prosecuted.What do you do if you are the Assistant United States Attorney?That’s not a hypothetical. Ken Buck faced that exact scenario. And what did he do?Please click here for the rest of the post.

2. Jane Norton in Full Meltdown. Takes a Page From Tim Bridgewater’s Playbook

The United States Chamber of Bailouts has gone to Colorado to endorse the person they view as most likely to vote for bailouts in the future: Jane Norton.In taking the Chamber’s endorsement, like Tim Bridgewater before her, Jane Norton has decided to directly attack Senator Jim DeMint.Please click here for the rest of the post.

3. Missouri Is The Concord Bridge For Obamacare Repeal

On August 3, 2010, the Missouri electorate will vote on Proposition C, the Missouri Health Care Freedom Act (MHCFA). Have no doubt – this is the first shot fired against the power grab known as Obamacare. If successful, if we beat back this overreach of federal power in Missouri, other states will move forward. Should we fail – especially with low voter turnout, the media,the Obama administration and Congressional Democrats will gain a second wind. I can think of few things more disastrous leading into November than giving the Democrats hope.Josie Wales, a lawyer from Missouri writing at Big Government, calls August 3 “the most important day in America“.” Missouri will be the first state to allow the public at large to voice its opinion on Obamacare. Please click here for the rest of the post.

4. Keynsianism is dead in Europe

The G-8 and G-20 meetings in Canada were remarkable in historic terms. European governments criticized the United States for being spendthrift. Brazil provided political cover to the US on behalf of the developing countries. This has been a consequence of something truly remarkable happening in Europe. Keynsianism has lost in Europe. There is no political support for it. And Barack Obama got hit in the face with this reality.Please click here for the rest of the post.

5. Has the New Great Depression Started Already?

Paul Krugman has just declared the onset of another Great Depression. To him a Depression is characterized by a long-term deflationary trap, but that’s not the reason Depressions are to be avoided. Depressions are bad because of long-term unemployment, which tears at people’s lives and at the fabric of society. So far, I’m with him. After all, to the best of my knowledge, I’m the first one to have used “Great Depression II” in print, back in autumn of 2007, when the stock market hit its all-time high and RedState readers responded by beating me up for bashing the Bush economic record.Krugman claims the paternity of the New Depression in the name of the Keynesians. He says that it’s been triggered by the policy errors of the Europeans, who refuse to extend fiscal stimulus, and of the Republicans, who refuse to allow Congress to funnel more money to state and local governments. He’s going to be eating out on this for the rest of his life, because the long-term economic weakness facing us is the real thing, and his statement that we caused it by not stimulating enough will never be falsifiable. (When the crisis started, he was still insisting that only WW2 created enough government borrowing and spending to end the Great Depression.)Please click here for the rest of the post.

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