Democracy Alerts – Democrats Reintroduce Bill to Expand U.S. Supreme Court – Democracy Docket, I am certain this bill will not pass in the House. In any case, it puts SCOTUS on alert as to their politics. I would like to see Congress develop a code of ethics for SCOTUS which might go further than stacking the court with more justices. Ethical behavior on the part of justices plays into how they rule in some instances. It is all in appearances....
Read More »Why Biden’s Domestic Content Incentives Matter
This is a pretty good take on what the administration is attempting to do in the US with regard to manufacturing. With some help from Republicans, this could be a change in the US for labor. Labor’s input in manufacturing raw materials and finished product would result in increased income. Much pf Labor could be classified as skilled Labor. “Why Biden’s Domestic Content Incentives Matter,” Roosevelt Institute. Todd N. Tucker Today, the Biden...
Read More »Biden’s First Meeting Remarks with Republican Congressional Leaders
I wish Biden’s advisors had given him some dialogue rebutting McCarthy’s plan for cuts in programs. It is this type of jawboning which make convince some, not all, citizens the need to change their minds. What is the harm, Republicans will bring to the economy over and above what the FED will incur on Labor. Joe Biden’s remarks on the first meeting with Republicans and their holding United States citizens hostage to protect the 1% of the taxpayers...
Read More »The Constitution, Obama and raising the debt ceiling
In an effort to slow down the severe recession as well as the persistently high unemployment rate following the 2007-08 Financial Crisis, the government increased federal spending. As a result, the federal debt reached its limit on multiple occasions from 2008 to 2011 which led to a series of increases of the debt limit. In 2011, the Treasury asked for its borrowing capacity to be extended. The 2011 U.S. Debt Ceiling Crisis led to a contentious...
Read More »More on the Debt Limit
This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreement between parties and not a requirement. One could always print more money to resolve the issue also. Meanwhile, citizens having little political power presently are being held hostage and ultimately will pay a price. 14th Amendment talk on debt limit...
Read More »Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II
Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II – by New Deal democrat The Senior Loan Officer Survey, which measures credit on offer by banks, and the demand for credit by their customers, was released yesterday afternoon for Q1, and the news – unsurprisingly – was not good. Credit conditions not only tightened, but they tightened at a higher rate than they had in previous quarters, as about half of...
Read More »New Deal democrats Weekly Indicators for May 1- 5
run75441’s footnote to NDd Weekly Analysis . . . The analysis by NDd is one of the most thorough ones, I read on a weekly basis. It sums up the week casting the numbers for the week in comparison to what is going on economically. What I see happening in the economy, NDd brings to light for free at Seeking Alpha. If there is anyone here more knowledgeable in numbers than I, you should still be rading NDd’s take. The link is in the title. Weekly...
Read More »Where Do Eight Billion People Live?
SWP Report 2023 | United Nations Population Fund, unfpa.org) In November 2022, the world population eclipsed 8 billion people. For many of us, it represents a milestone the human family should celebrate. A milestone of people living longer, healthier lives, and enjoying more rights and greater choices than ever before. If you have not noticed India eclipsed China in population. At the bottom of the chart, each area of Earth is color coded to...
Read More »House Debt Ceiling Bill
voting 217 Yes 215 no the House has passed a bill which would increase the debt ceiling, slash spending, and repeal (most of) the IRA. This ends the fun period when we could laugh at Republicans for demanding that Biden negotiate without themselves making a bargaining proposal. The bill is horrible. I am a Democrat in disarray trying to figure out how to respond (and who should respond). One possibility is to stick to the position that there...
Read More »April 9, 1865 . . . The Aftermath and the Economics of War
We died at Cold Harbor June 1864, an officer of the Iron Brigade. UW had his letters and I was allowed to read them. They were given to me, neatly tied up with a thin ribbon. I was allowed to make copies. It was interesting to read the letters of an ancestor who fought in the Civil War. In particular, his letters were used to detail the battle at Gettysburg. No news reporters had been there to record the events of the days. And neither could his...
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