TGIF 10/7/22

Here are your good week/bad week honorees for the week.

I've been a fan of the Boston Red Sox since I was a kid. There's a picture of Ted Williams and Carl Yastrzemski in our foyer - my husband's favorite player of all time, and mine. This wasn't a good year for us, but it was a good year for a couple of players

• Aaron Judge, of the hated New York Yankees, became the first player in the American League to hit 62 home runs in a single season. He beat fellow Yankee Roger Maris's record of 61, which lasted that many years. 
• And, over the National League, Albert Pujols of the St. Louis Cardinals, joined the 700-home run club, and finished the season with 704 in his career, fourth on the all-time list. Before the season started, Pujols said this would be his last year. As he got closer to the milestone, reporters pestered him on whether he'd really retire if he didn't make it. I'm glad he didn't need to worry about it at the end. 

Major news was breaking in my neck of the woods this week, as Micron announced intentions to build not one, not two, not three, but four chip fab plants in Onondaga County, in Central New York. (Yes, there are places in New York more specific than 'upstate'.) The 20-year, potentially $100B with a B project is the result of a local, regional, state, and federal collaboration, and has the opportunity to be transformative not just for us, but for the state and for the country.

President Biden made news this week when he announced pardons for people convicted of federal crimes for simple marijuana possession, and he's encouraging governors to do the same for folks convicted in their states. In addition, and perhaps more important that the pardons, he's directing his team to review how pot is classified under the law. Right now, it's in the same bucket as heroin, which is (and always has been) ridiculous.

Speaking of President Biden, his administration's getting a lot of letters asking for infrastructure money from House and Senate Republicans, including some who were big critics of the bills that include the funds. Notably, none of the letters mention the authors' criticism of the bills, or their votes against them.

None cite “socialism” or “radical spending.” No one included a paragraph about House Minority Leader Kevin McCarthy calling the law “rushed and irresponsible,” or Georgia Rep. Marjorie Taylor Greene calling the Republicans who voted for it “traitors.” Often, the letters signed by members of the House and Senate appeal using the same terms that they derided Democrats for using, from “economic growth” to “sustainability” benefits.

This is not uncommon, but it's fun - especially since some of these folks are running against the very spending they're so willing to bring home to their district.

And finally, let's close out the list with the abject failure of the IRS to monitor applications of charities for tax-exempt status. How bad is it? One man, a convicted criminal, got approval for 76 charities himself, often using the name of well-known organizations such as the United Way and the American Cancer Society. It's mind-boggling. 

All of this was made possible by stripping down processes a few years ago, at a time of budget and staffing cuts. Which makes all the political handwringing about the Biden administration's funding additional IRS staff to backfill vacancies, provide customer service to taxpayers, and yes, to do the vetting that would prevent this kind of things all the more absurd. 

How was your week? Got any nominations for either of the lists? Drop a comment.