Quotulatiousness

March 25, 2013

Presidential clemency not apparently on the agenda

Filed under: Law, USA — Tags: , , , — Nicholas @ 14:02

In Reason‘s April issue, Jacob Sullum points out that Barack Obama is ranked higher than George Washington, William Henry Harrison, and James Garfield as far as clemency is concerned. That is, every other president has been more generous with the presidential pardon:

December, a traditional season for presidential clemency, came and went, and still Obama had granted just one commutation (which shortens a prisoner’s sentence) and 22 pardons (which clear people’s records, typically after they’ve completed their sentences). His first-term record looks weaker than those of all but a few previous presidents.

Which of Obama’s predecessors managed to make less use of the clemency power during their first terms? According to numbers compiled by P.S. Ruckman Jr., a professor of political science at Rock Valley College in Rockford, Illinois, just three: George Washington, who probably did not have many clemency petitions to address during the first few years of the nation’s existence; William Henry Harrison, who died of pneumonia a month after taking office; and James Garfield, who was shot four months into his presidency and died that September.

With the exception of Washington’s first term, then, Obama so far has been stingier with pardons and commutations than any other president, especially when you take into account the growth of the federal penal system during the last century, the elimination of parole, the proliferation of mandatory minimums, and the concomitant increase in petitions. This is a remarkable development for a man who proclaims that “life is all about second chances” and who has repeatedly described our criminal justice system as excessively harsh.

[. . .]

Obama deserves credit for this amazing accomplishment: He has made Richard Nixon look like a softie.

Budget Day was also apparently opposite day

Filed under: Cancon, Economics, Politics — Tags: , , , — Nicholas @ 10:51

In Maclean’s, Stephen Gordon give props to the spinmeisters in the employ of the federal government:

Full credit to the government’s communications strategists: they managed to produce budget-day headlines that said the exact opposite of what was in the budget.

The first thing I read on the morning of budget day was the National Post story about cutting tariffs on hockey gear. There was also a matching A1 story in the Globe and Mail and I walked to the budget lockup in a cheerful mood. Even though the numbers involved were tiny, I couldn’t help but feel encouraged about how the measure was being marketed. Almost without exception, trade liberalisation is presented as a concession to the demands of foreign exporters, but the real gains from trade are those obtained from being able to purchase cheaper imports. These gains can be obtained by reducing tariffs unilaterally – the most famous example is the repeal of the the UK Corn Laws in 1849. There was no drawn-out process of negotiations with corn (wheat) exporters in other countries: the UK government simply eliminated tariffs so that the population could have cheaper food. The morning headlines led me to believe that our government was going to implement a unilateral tariff reduction for the simplest and best reason: because it increased consumers’ purchasing power.

I was wrong, of course. Yes, there were those 37 tariff reductions, but there was also the measure to ‘modernize’ Canada’s General Preferential Tariff (GPT) regime by ‘graduating’ 72 countries from the GPT; imports from these countries will now face higher tariffs. Mike Moffatt estimates that those 37 tariff reductions will be accompanied by 1290 tariff increases. [. . .]

So instead of a unilateral reduction in tariffs, the government is planning a unilateral increase. This is not how a pro-trade government behaves.

The Cyprus “deal” decoded

Filed under: Economics, Europe, Russia — Tags: , , , — Nicholas @ 09:04

With a blog post entitled “THE CYPRUS HEIST GOES THROUGH: And it’s an Orwellian masterpiece“, you could say that this is an unfair summary of the situation:

Somewhere, George Orwell is spinning in his grave — although he wouldn’t be even remotely surprised by the 1984-style nonsense being hailed as a compromise by the Troikanauts and Nicosia’s embarrassed leaders.

This is the deal: the levy is called something else scrapped, and none of the deposits below €100,000 will be stolen included.

The new lunacy idea sees Laiki Bank closed. The entirety of its €4.2bn in deposits over €100,000 will be placed in a “bad bank”: why you would put healthy deposits in a bad bank eludes me, but we’re really just moving the stash around here: the bad bank’s resources will be confiscated. We’re talk a 100% haircut for all these savers.

And don’t be fooled by the Berlin propaganda about Russian money-laundering. First up, being a rich Russian doesn’t automatically make you a crook; and secondly, nowhere near all — possibly under half — are Russian anyway: UBS, several Israeli banks, a number of French banks will have depositor’s money taken out of them to pay for the ambitions of Brussels-am-Berlin.

There’s more: all the bondholders in Laiki also take a 100% haircut.

[. . .]

Entirely appropriate however was the choice of Wolfgang Schäuble to face the cameras and ‘explain’ why none of this would need the approval of the Cypriot Parliament. Just “approved by the 17 eurozone finance ministers comparatively quickly, after about two hours of further deliberations”. As to why it needed FinMin approval (but not that of the citizens’ representatives) get a load of this for jargonised bollocks:

“This plan will not require the approval of the Cypriot parliament because the losses on large depositors will be achieved through a restructuring of the island’s two largest banks and not a tax.”

Update: I think Tyler Cowen gets it exactly correct here:

The capital controls will have to be strict. What will the price of a Cypriot euro be, relative to a German euro? 50%? I call this Cyprus leaving the euro but keeping the word “euro” to save face. And yet they fail to reap most of the advantages of leaving the euro, such as having an independent monetary policy.

Still “a riddle, wrapped in a mystery, inside an enigma”

Filed under: History, Military, Politics, Russia, USA — Tags: , , — Nicholas @ 08:44

Strategy Page on the psychological state of Russia:

Westerners are puzzled at the way Russian politicians are growing increasingly hostile to foreigners in general and the West in particular. Then there is the feud going on within the Defense Ministry over whether to import more Western weapons or rely instead on what Russian defense firms produce.

Scrounging up details from Russian media, discussions on the Internet and statements by the many members of the Duma (parliament) with access to the inner circle reveals a rather bizarre (to Westerners, and some Russians) state of affairs. Put simply, most of those currently running Russia really believe that the United States has formed an anti-Russian coalition that is surrounding Russia in preparation for an invasion. The motive behind this plot is the Western need for Russia’s many natural resources. The U.S. has been using pro-democracy and reform minded NGOs (Non-Governmental Organizations) within Russia to cause turmoil and weaken the government and military.

[. . .]

Creating the idea that Russia is surrounded by enemies, led by the old Cold War arch foe America is something older Russians were exposed to most of their lives. It persuades Russians to keep electing Vladimir Putin and his cronies. But a growing number of Russians are noting that there’s no sign of this conspiracy in the West, only bewilderment over what the Russians are saying. Over time, the Putin paranoia program becomes less believable to more Russians. There is growing fear that, rather than face a majority of Russians who don’t believe in the conspiracy, the current rulers will try to turn Russian into a strict police state, without the trappings of Soviet–style communism or any other ism besides the greed of the small ruling class.

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