As a member of Congress, Ron DeSantis voted in opposition to offering federal monetary help to New York and New Jersey after Superstorm Sandy. Now, as governor of Florida, he’s all for delivering federal cash to his state.
Washington
Analysis | Ron DeSantis and the Rise of Free-Lunch Conservatism
His little journey sending a constitution aircraft to Texas to take Venezuelan asylum-seekers to Massachusetts is a working example. It was intelligent when it comes to elevating the salience of a difficulty that’s unhealthy for Democrats. And it was very intelligent when it comes to injecting Ron DeSantis right into a story that has nothing to do with him.
However most governors would hesitate to incur this degree of expense for one thing that even its admirers concede is only a political stunt. In any case, who desires to listen to that the state freeway via city isn’t getting repaved as a result of the governor spent the transportation cash on constitution flights from San Antonio to Martha’s Winery?
However DeSantis didn’t have to face any tradeoffs, as a result of he was in a position to make use of funds despatched by the federal authorities for state and native authorities help below the American Rescue Plan. The money even went to a aircraft constitution firm that donates to Florida Republicans, making it a win-win for everybody concerned.
It’s onerous to fault a governor for making use of funds which might be obtainable to him. However it’s value emphasizing that DeSantis vocally opposed the American Rescue Plan — particularly the state and native aid cash, which he characterised as “designed principally to bail out the poorly ruled states.”
And this has been the story of a lot of his tenure: He bashes huge authorities whereas benefiting from its largesse. His assaults on “woke indoctrination” within the state’s faculties have been paired with beneficiant pay will increase to the very academics who’re its brokers. Whereas denouncing President Joe Biden’s spending as contributing to inflation, he’s utilizing federal cash to ship stimulus checks to Florida households, which he says will assist them address inflation.
A brand new model of populist conservative politics that focuses on right-wing cultural themes whereas being beneficiant with catastrophe aid, trainer pay and direct money funds to needy households can be an attention-grabbing improvement. To make it a actuality, nonetheless, conservatives would want to revise their conventional hostility to taxes. DeSantis hasn’t executed that in any respect. Whereas elevating spending he’s additionally slicing taxes, profiting from the sturdy economic system to run irresponsible pro-cyclical fiscal coverage.
Florida, it have to be mentioned, is an ideal laboratory for what is perhaps referred to as free-lunch conservatism. Not solely is it in common want of federal help for hurricane aid, its economic system can also be unusually depending on the federal welfare state. Florida has the second-highest share of residents over 65 (after Maine) and it’s second in per-patient Medicare spending (after New Jersey) — that means that the federal authorities is injecting huge sums of cash into the native economic system. In the meantime, the state’s leaders brag about not having an earnings tax and its conservative representatives in Washington complain about extreme spending.
One is inclined to say this model of free-lunch conservatism can’t probably take DeSantis all the best way to the White Home. However the fact is, it would.
Each Donald Trump and George W. Bush prospered politically by pairing tax cuts for the wealthy with smaller tax cuts for the center class, whereas additionally elevating army and home spending. Each of them confronted their moments of most political peril after they tried to set free-lunch politics apart and enact vital cuts to federal spending on well being care (Trump’s ill-fated try and repeal the Inexpensive Care Act) or retirement (Bush’s ill-fated try and privatize Social Safety).
They may have executed higher by merely embracing free-lunch conservatism. There’s a rising perception amongst conservatives that attempting to harmonize Republican donors’ aversion to taxes with the Republican voters’s dependence on authorities packages is extra bother than it’s value — and that perception helps clarify DeSantis’s rise as a nationwide determine. Slightly than criticizing his irresponsible and hypocritical strategy to fiscal issues, conservatives are more and more embracing it as the best way ahead.
However this will likely show to be a case of preventing the final warfare.
Inflation is excessive proper now, making a political headache for Biden and the Democrats. However the Federal Reserve is shifting to boost rates of interest and tackle the problem. In accordance with market-based measures, the expectation is that inflation will fall at the same time as nominal charges rise, that means greater actual rates of interest sooner or later. This isn’t but something near a disaster for US policymakers, nevertheless it may very well be if a brand new president tried to implement free-lunch politics on the federal degree. Elevated federal borrowing would translate on to greater mortgage prices and mortgage bills for small companies, turning budgetary politics right into a matter of real sensible concern fairly than summary debate.
For now, although, DeSantis will get to be the governor of a state whose coffers are pumped filled with federal stimulus cash he opposes, whereas amassing emergency aid funding he doesn’t imagine different states deserve, whereas his residents disproportionately profit from federal spending he says is extreme. Good work if you may get it — and whereas it lasts.
Extra From Bloomberg Opinion:
• DeSantis’s Misguided Vendetta Towards ‘Woke Capital’: Matthew Winkler
• DeSantis Isn’t a Trump Clone, He’s Only a Republican: Ramesh Ponnuru
• Texas and Florida Are Going Full Belarus on Migrants: Andreas Kluth
• Florida and DeSantis Defy Covid-19 and the Critics: Joe Nocera
This column doesn’t essentially mirror the opinion of the editorial board or Bloomberg LP and its homeowners.
Matthew Yglesias is a columnist for Bloomberg Opinion. A co-founder of and former columnist for Vox, he writes the Gradual Boring weblog and e-newsletter. He’s creator, most just lately, of “One Billion Individuals.”
Extra tales like this can be found on bloomberg.com/opinion
Washington
BIZ BUZZ: Antonios go to Washington
Donald Trump is scheduled to be inaugurated—again—as the president of the United States on Jan. 20 in Washington.
Among those who will witness his return to power as the 47th president of the world’s largest economy are some of his old friends from the Philippines.
We’re talking about Century Properties Group founder and chair Jose EB Antonio and his wife, Hilda.
Going with them is their third son, Jose Roberto, who had just been appointed managing director of the J. Antonio Group Inc. in charge of resort-related projects.
It may be recalled that the Trumps and the Antonios struck up a friendship decades ago in New York when Trump was more known as a property developer, just like the Antonios. Some of their children also went to business school together.
And then, the Antonios also brought the Trump brand into one of the office buildings in its Century City development in Makati City.
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But the elder Antonio will be there not just as a personal friend invited by the Trumps to attend the inauguration but also to represent President Marcos as his ambassador-at-large tasked with inviting more investments into the Philippines.
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With a friend in the White House, the Antonios are confident that more investments as well as visitors will flow toward the Philippines. —Tina Arceo-Dumlao
Clark hits the Belle’s eye
In July 2024, Belle Corp. gave us a teaser about applying for a gaming license from “government regulators.”
Despite the rumor mill running wild that the gaming-focused investment firms of delisted subsidiary Premium Leisure Corp. had plans to conquer Clark, Belle opted to keep quiet.
Nearly half a year later, Belle hailed Clark as “the next gaming and tourism hub” and confirmed that they had, indeed, applied for a gaming license specifically to develop an integrated resort in the former American air base.
Belle president and CEO Armin Raquel Santos likewise expressed optimism on his company’s growth prospects, “and bullish on the Philippine gaming market and its resilience despite industry headwinds.”
”Belle, through its gaming subsidiaries, continues to explore and pursue related ventures and high-growth opportunities in the gaming space that will enhance shareholder value while delivering its commitments to all stakeholders,” the company quoted Santos as saying.
Though much still remains unsaid about Belle’s plans for Clark, it is clear that the gaming industry is still attractive despite some weakness and hiccups—Bloomberry Corp.’s earnings, for instance, and Davao-based businessman Dennis Uy’s long-stalled Cebu casino project.
Let’s see if Belle will go against the odds. —Meg J. Adonis
Washington
What Washington State’s head coach said after Gonzaga game
Washington State men’s basketball head coach David Riley could point to a few factors that led to Gonzaga pulling away from the Cougars during the second half of Saturday night’s showdown at the McCarthey Athletic Center.
For starters, the Bulldogs’ 15-5 scoring run to start the second half certainly didn’t help the Cougs’ cause. Neither did Ryan Nembhard, who came out of the halftime break even more refreshed after sitting on the bench for the final 9:34 of the first half due to foul trouble. Turnovers and miscues on the defensive end of the floor also started to pile up for WSU, which led by six points in the first half only to trail by three at the break and fall behind by 21 in the second half while the Zags nailed 10 3-pointers and scored 20 points off 16 turnovers.
Consider Saturday night, then, a perfect storm for the Bulldogs (14-4, 5-0 WCC). Led by Graham Ike’s 21 points, Gonzaga pulled away for an 88-75 victory over its in-state rival in a thriller from the Kennel.
Here’s what Riley had to say after the game.
On what changed for WSU in the second half:
“It was a hard-fought game, and I feel like we had it slip away from us early in that second half where we didn’t stay connected as much, and I personally didn’t do a good enough job of having us ready for the fight. They got some 50-50 balls. They got a couple offensive rebounds, just some toughness plays that second half that hurt us. And that comes down to, we have game plan stuff, we’re gonna have X’s and O’s, we’re gonna have great plays from different players and bad plays from different players, but that fight for 40 minutes, I think, was the difference, and they came out with a little more fire than us.”
On Ryan Nembhard’s impact in the second half after sitting most of the first half:
“He did a good job with their pace. I think he gets them up the floor really well. I felt like it was a lot of factors that second half, and he played a part in that and started isolating some of our bigs when we made a couple of adjustments. [Nembhard is a] good player.”
On WSU’s defensive breakdowns that led to 10 3-pointers for Gonzaga:
“A couple of execution errors. I think one of them we didn’t have a ball screen right, one of them we didn’t order our post defense right. Kind of going into the half that was our thing, when things get tough, or they throw in a 25-second possession, we got to execute all 30 seconds of the shot clock. And I think it was more just cover stuff. We didn’t have that many space cadet errors. I think it was more just kind of one guy doing something that wasn’t exactly right in coverage.”
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What Gonzaga’s Mark Few said after win vs. Washington State
The Gonzaga men’s basketball team pulled away from Washington State for an 88-75 victory in the first meeting between the in-state rivals in over a decade.
Graham Ike led the way with 21 points on 8-for-11 from the field, Nolan Hickman added 19 points and the Bulldogs (14-4, 5-0 WCC) earned their fifth straight win to open league play by putting the Cougars (13-5, 3-2 WCC) away early in the second half. After ending the first half on an 8-2 scoring run, the Zags came out of the second half with a sense of urgency on both ends, sparking a 15-5 scoring run to make it a double-digit margin.
Here’s what Gonzaga head coach Mark Few had to say after the game.
On what he told the team at halftime that led to the strong start to the second half:
“I just told them, ‘hey, we’re in a we’re in a battle. It’s a great game. Both teams are competing really hard, and we’re at our best when we’re in attack mode.’ And they did a great job of taking the message and I thought we really went out and turned defense into offense, and we knew that was going to be a big key for us. [The Cougars] are hard to guard, they’re big and they’re physical, and [WSU coach David Riley] does a really lot of nice stuff on on offense that exploits mismatches. But our guys battled tonight, so I was really proud of them.”
On the team’s performance while Ryan Nembhard was on the bench for the final 9 minutes of the first half:
“They played great. I told them that in the locker room that that was huge. We haven’t really had to do that all year. And this guy [Nolan Hickman] stepped up. He was amazing tonight. I mean, seven boards … defensively in there, battling in the post. I mean, he did a lot of stuff that, as I said, he’s now, he set a high standard, so kind of be counting on that moving forward, but he and Dusty [Stromer] both really helped during that stretch and [Khalif Battle] and obviously having Ben [Gregg] and then Graham was rock solid all night.”
On the team’s effort on the defensive end of the floor in the second half:
“I thought our effort and our making plays, I thought it was definitely up there [with the best of the season], and just the physicality that it took. Because, again, they’re so much bigger than us at several of those spots. And again, you just don’t see the post-up thing like this, where your guards are getting constantly posted. But so in that way, we fought, we were physical and kind of had to navigate our way through a lot of different actions. There’s staggers and some curls and some switches and all that. For the most part, we did pretty good.”
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