Tag Archives: politics

Trump Fails To Certify JCPOA Iran Nuclear Deal I wish to be very precise here on this extremely important matter. President Trump has not “decertified” the JCPOA Iran nuclear deal.  Now Congress must ultimately be responsible. He has, after a lot of discussion and intervention by his national security team, failed to certify the deal.  This is not something that was part of the deal, but an epiphenomenon put in place by the US Congrees as part of a deal...

Enslaved to an Individualist View of Social Change I note with some interest the debate over whether it is ethically necessary to refer to slaveholders as “enslavers” in order to convey our disapproval over their actions.  The obsessive use of the enslaving terminology in The Half Has Never Been Told (Baptist) bothered me at the time, and now I see he was part of a trend. I understand the motivation—up to a point.  Anyone who participated in the slave...

Many have noted that Trump has the strange idea that he can destroy the US health care financing system & people will blame Obama. I actually think he is wrong about this — many polls show that a solid majority of US adults say they will Republicans responsible (yes I know it’s unfair to think they have the responsibility just because they have all the power). But before that comes the question of whether Republicans can destroy the ACA without...

They are monsters The President and his GOP majorities in Congress are monsters. As one commentator on NPR put it yesterday afternoon, the President’s default mode is to toss an armed hand grenade into a room in order to create chaos.  He can then pick out the most vulnerable, and use that leverage to enter into a win-lose deal. Meanwhile, having been emboldened by the 2011 Debt Ceiling Debacle, the Congressional GOP majorities, who haven’t been able to...

Trump’s Healthcare Executive Order Trump Signs Executive Order relaxing ACA health insurance rules. About a week or so ago, I had read this elsewhere, mentioned it, and was told there was no way this would happen. Similar to the three attempts to defund the ACA, Trump is doing what he says the Senate could not do and that is to take healthcare insurance away from the citizenry. More of Trump’s Executive Order down the page. Children’s Health Insurance...

According to Modern Healthcare: “In a brash move likely to roil insurance markets, President Donald Trump will ‘immediately’ halt payments to insurers under the Affordable Care Act. Before sunrise Friday morning, Trump went on Twitter to urge Democrats to make a deal: ‘The Democrats ObamaCare is imploding, massive subsidy payments to their pet insurance companies has stopped. Dems should call me to fix!’ The Department of Health and Human Services had...

Peter Praet's speech at the Money, Macro and Finance conference last week was a goldmine. I've already discussed the central bank credibility problem revealed by his final slide. But his presentation went far, far wider than central banks. It raised serious questions about the future of the global economy.This slide - the first in his presentation - shows that there have been three significant global shocks in the last decade, not one: The first, obviously, is the deep global recession...

The Tax-Cut Framework Won’t Create Jobs and Digs the Inequality Ditch even Deeper Marcus Ryu, a self-described Silicon Valley entrepreneur who created, with others, a company now worth $5 billion on the New York Stock Exchange, argues in today’s Op-Ed section of the New York Times that “Tax Cuts Won’t Create Jobs“, NY Times (Oct. 9, 2017), at A23 (the title in the digital edition is different from the print title:  Why Corporate Tax Cuts Won’t Create...

by Peter Dorman (originally published at Econospeak) Social Justice: Debt, Solidarity or Care? Mozi: scholar and activist   How do we think about the obligation of social justice?  The dominant American political culture is based on individualist values: you have a right to do whatever you want, and the main problem is how to prevent you and other rights-bearing individuals from getting in each other’s way.  Without extra considerations, social justice...

Many US Senators have contributed to preserving the peace. I am not a historian, but I understand that many admire William Fullbright. I personally think very highly of Ernest Gruening who tried to save the US from the Tonkin Gulf resolution and our involvement in the war in Vietnam. However, I think it is now clear that the honor belongs to Senator Robert Corker (R-Tenn). Sen Corker is a respected and experienced statesman not prone to impulsive...