The Higher Education Bubble Isn’t Going to Burst Without Our Help

For a long time, we’ve been sending more and more people to college. We’ve sent so many people to college that many graduates can no longer find good jobs when they leave. More than 40% end up working in jobs that used to require no degree:

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Some have been waiting for market forces to solve this problem. Way back in 2015, Senator Marco Rubio argued that folks would stop going to university and start pursuing jobs in the trades. Instead of studying philosophy, Rubio suggested the kids take up welding:

https://www.youtube.com/watch?v=HP7vOx1ZCHE

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Impeachment is a Mistake

Remember 2017? President Trump tried to repeal and replace Obamacare. Over the summer, the Senate debated various permutations of healthcare legislation, and Trump’s approval rating sagged. When the House leadership introduced their first plan, on March 6th, Trump’s approval rating was 44%. When the Senate defeated even the “skinny repeal” bill on July 28th, Trump’s approval rating had been reduced to 38%. From there, the president turned to cutting taxes for rich people. When the tax legislation was first introduced, on November 2nd, Trump’s approval rating remained 38%. When the Senate passed the legislation under budget reconciliation a month later, Trump’s approval figure sagged as low as 36%. Over the course of that year, Trump had lost about 18% of his approval, and he’d lost that approval betraying his core supporters on issues that mattered to them. He had tried to take their healthcare away, and he had taken their money and handed it to rich people. Many Americans who voted for Trump could see that this stuff was not cool. The opposition was making real progress.

Then, everything changed. By February of 2018, Trump’s approval rating was back over 40%. A year later, it was 42%, and as I write this Trump’s approval rating is over 43%. Virtually all of the progress the opposition made in the first year of the Trump presidency has been rolled back. What happened? We stopped talking about issues and started talking about the culture war and character issues. Let me show you the steps.

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Beware Arrogant Candidates Who Can’t Win But Will Split the Vote

As I look at the 2020 Democratic primary field, I’m reminded of the 2017 French presidential election. Do you remember? In the first round, the Left Party’s candidate, Jean-Luc Mélenchon, got 19.6% of the vote, failing to secure the 21.3% he needed to beat Marine Le Pen and advance to the second round. Mélenchon just narrowly missed the boat because he didn’t command the whole left block. 6.4% of French voters instead picked the Socialist Party’s candidate, Benoît Hamon. A further 1.7% of French voters chose the candidates of the Communist Union or New Anticapitalist Party. The left could have commanded as much as 27.7%. It only needed about a fifth of these additional left-leaning voters to slip past Le Pen. But these left wing candidates refused to drop out of the race, and the result was a depressing second round, in which the only alternative to France’s status quo was right nationalism. So when I look at the Democratic Party’s field, I ask myself–who is the Mélenchon, and who are the Hamons?

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Candidate Evaluations: John Kasich

John Kasich has joined the presidential race, so it’s time for another candidate evaluation. I’ll be looking at Kasich’s background, policy history, and explicit statements to determine whether or not he would make a good president. I won’t be paying attention to electability or likeability, as is often common elsewhere on the web.

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