Tag Archives: politics

(Dan here,,,at lunch the other day a friend asked about the great prices for stocks.  This post by Thomas Palley caught my attention as a well written post on the nuances between stocks and finance and the 80% who do not own many stocks and the economy of losers and winners. ) by Thomas Palley  (re-posted) A Stock Market Boom is Not the Basis of Shared Prosperity The US is currently enjoying another stock market boom which, if history is any guide,...

[embedded content] C-SPAN “In this first portion of day 3 of the Senate impeachment trial of President Trump, Representative Adam Schiff (D-CA), the lead House impeachment manager, began opening arguments by explaining the history of why the framers included impeachment in the Constitution. He then laid out the specifics of the charges against President Trump. Throughout his presentation, Representative Schiff used digital slides, graphics, and videos,...

Covering Up The Coverup I keep thinking that Fox News cannot get worse, but there seems to be no bottom to how low they can go.  New lows are being exhibited in their coverage of the current Senate impeachment trial.  They are fully involved in covering up the Trump administration coverup of what Trump did regarding the articles of impeachment. Anybody getting their news on this trial from Fox will really have no idea what is going on or what the case is...

Like many liberals, I am encouraged by the new energy of progressives and the growing political support for progressive causes.  But I also share the common worry that the idealism of progressives is in danger of becoming self-defeating (see, e.g., Judis and Edsall for two recent discussions).  That’s a problem, because the stakes are high and we don’t have much room for error. As I see it, progressive idealism today has two manifestations, one political,...

Bloomberg’s Plan for Addressing Economic Inequality: not a wealth tax A bit ago (Jan 8, 2020), the New York Times described Michael Bloomberg’s plan1 for addressing the income and wealth inequality in the United States that has been a constant topic of discussion by Democratic candidates.  Briefly, as with the robber barons of Teddy Roosevelt’s age, the wealth of the global commerce titans and particularly the private equity fund buyers and sellers of...

Seriously, I would not fit there; but, I am smart enough to keep my mouth shut, listen, and learn. Apparently Trump is not. Trump Commenting on Elon Musk: “I was worried about him, because he’s one of our great geniuses, and we have to protect our genius,” Trump said of Musk. “You know, we have to protect Thomas Edison, and we have to protect all of these people that came up with, originally, the lightbulb, and the wheel and all of these things.” The...

The Democratic Debate in Des Moines: progressive candidates on means testing versus universality Dana Chasin at 2020 Vision does a good job of encapsulating key issuesthat surface in the Democratic debates. Let’s get this out first:  most listeners will admit that the debates seem both too long and too short, as mentioned on Stephen Henderson’s Detroit Today program this Wednesday 1/15 morning.  They are too short, because candidates are interrupted at...

EMichael: I don’t understand why people have such a hard time believing that there is no such thing as an “independent” voter. Sure, a lot of people register as an independent, but that certainly does not mean they vote for one party or the other depending on the candidates and/or circumstances. Plenty of studies have shown that independent voters are even more loyal to one party or the other than party registered voters. In other words, when they vote,...

The standard rule that reporters cover both sides of a debate and find some source to contest lies rather than doing it in their own name (and the name of the newspaper) has not survived Mitch McConnell’s office. In the New York Times, Nicholas Fandos notes that “A senior Republican aide in the Senate” lied on a very simple fact which is in the public record. The aide, speaking on the condition of anonymity to detail internal strategy, argued that in...

(Dan here…reposted due to discussion in a previous thread) CRS: Social Security: What Would Happen If the Trust Funds Ran Out? Bruce Webb | July 21, 2015 Very interesting paper that I missed in real time. Social Security: What Would Happen If the Trust Funds Ran Out? Almost everyone who addresses this question assumes that the answer is pretty simple: if either of the Social Security Trust Funds goes to zero than benefits will automatically drop from...