“When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result.” – James K. Galbraith
Democratic presidential candidate Bernie Sanders says he wants the American people to join him and “fight for a progressive economic agenda that creates jobs, raises wages, protects the environment and provides health care for all.” His website outlines a number of proposals toward this end, including increasing taxation of corporations and the wealthy and using the money to repair the country’s infrastructure, extending public education four years to cover college, extending Medicare to everyone, expanding Social Security and addressing climate change.
Gerald Friedman, a respected economist (and Clinton supporter by the way) took a look at Sanders’ proposals, ran the revenue and spending numbers through a standard economic model, and suggested that the very high level of spending would provide a “significant stimulus to an economy that continues to underperform, with national income and employment at levels well below capacity.” This stimulus could lead to several positive economic outcomes, including increasing gross domestic product growth to 5.3 percent a year, cutting unemployment to 3.8 percent and increasing wages by 2.5 percent per year. This, combining with the revenue proposals, would bring a budget surplus. Friedman wrote:
Here’s something (not) to look forward to: Thanksgiving dinner with your family in the time of Trump.
This week you’re heading home to spend quality time with your family. Of course, your right-wing brother-in-law (RWBIL) is going to be there, spouting off quotes from Trump and Rush and fully Foxified. Actual facts will not be present at this table and would not penetrate the Drudge-shield if they were, but conspiracy theories will abound. Brace yourself.
Starbucks Is Anti-Christian
Don’t be surprised if your RWBIL immediately gets right in your face, loudly proclaiming, “Merry CHRISTMAS,” with an emphasis on “Christmas” and jumping on you if you dare say, “Happy Holidays.” He has not just finally gone crazy, there’s a (crazy) reason he will be doing this. Fox News, Rush Limbaugh and the rest of that crowd are telling him (and telling him and telling him and telling him – you know how they repeat things) that Starbucks is anti-Christian because their traditional, seasonal red cups are … red this year. But they took off the snowflakes and Santa Clauses, etc. So obviously Starbucks is part of the liberal “war on Christmas.”
Exxon and other fossil fuel companies may have committed a crime of enormous proportions, and more and more elected officials and others are demanding an investigation.
The charge is that Exxon scientists and management knew since the late 1970s that the company’s product was helping cause our planet to warm “catastrophically,” but management responded by covering this up and disseminating disinformation – joining with other companies to commit an enormous fraud on the public for profit.
For some time, environmentalists have been warning that oil and coal companies were behind a broad campaign to deceive the public and block the government from regulating or taxing carbon pollution. Sites like ExxonSecrets, the Union of Concerned Scientists, SourceWatch and their Coal Issues portal, CoalSwarm and many others have been exposing, warning, documenting and working to get the word out.
Republican economics has been stated a thousand ways by a thousand (always paid) voices. But the basic idea behind all the schemes has been hard to pin down. Finally Republican front-runner Donald Trump has spelled it out in a way anyone can understand.
Thursday’s Progressive Breakfast (you should subscribe, it’s free, it’s really good) contains a story in which Trump clearly articulates the Republican/Billionaire/Wall Street case for a low-or-zero tax on corporate profits: “because they don’t want to pay the tax.”
Trump Sides With Multinationals Donald Trump backs repatriation in Time interview: “Pfizer is talking about moving to Ireland. Or someplace else … Do you know how big that is? It would wipe out New Jersey … They have $2.5 trillion sitting out of the country that they can’t get back because they don’t want to pay the tax. Nor would I … We should let them back in. Everybody. Even if you paid nothing it would be a good deal. Because they’ll take that money then and use it for other things. But they’ll pay something. Ten percent, they’ll pay something.”
There it is in a nutshell. The Republican case for low or no taxes: “because they don’t want to pay the tax.”
Divide and conquer works. When you face a strong enemy it’s always a good strategy to find ways to break them apart into smaller units that can be fought separately. A state initiative to gut California’s public-employee pension and healthcare benefits is trying to do just that.
A well-funded campaign is underway (again) to take advantage of the state’s constitutional amendment initiative process, this time to place a proposition called the “Voter Empowerment Act of 2016” on the 2016 ballot. The initiative would require that voters approve any pension and health benefits in contracts for new teachers, nurses, police and other government employees as well as any pension enhancements for existing employees.
This initiative follows a pattern well-known to California public-interest advocates. Ballot initiatives must receive 585,407 signatures to qualify, and corporate/billionaire-funded initiatives hire paid signature gatherers to get this done. Then they launch a well-funded, deceit-filled campaign to scare voters.
Similar anti-pension campaign have been, are and will be underway in states and municipalities across the country.
A cybersecurity bill that had been one of the Obama administration’s top national security priorities was blocked by a Republican filibuster in the Senate on Thursday, severely limiting its prospects this year.
The bill would have established optional standards for the computer systems that oversee the country’s critical infrastructure, like power grids, dams and transportation.
The next paragraph says everything you need to know about Democrats in recent years:
In the hopes of winning over Mr. McCain and the other Republicans, the bill had been significantly watered down in recent weeks by its sponsors, led by Senator Joseph I. Lieberman, who made the standards optional. Original versions of the bill said the standards would be mandatory and gave the government the power to enforce them.
They watered it down hoping to get Republican votes, made the rules optional, etc — and it was filibustered anyway.
As for the media silence about this right now, this is sort of like how two police officers were killed by two people who had been at the Bundy Ranch, and they laid a Tea Party flag on one of the officers and … nothing in the news about that. But the killings of two cops in NYC, we have wall-to-wall coverage blaming protesters, liberals, Obama, etc…
1) I say silly to contrast with deadly propaganda that tries to start wars, etc., or toxic conservative propaganda that tries to make people hate Muslims, blacks, Hispanic or poor or sick people, public schools, government, Europe (especially France), etc.
2) The Volt’s gas engine kicks in to charge the battery when it runs low — something that is hard to even notice. The car certainly didn’t stop in the tunnel or anything like that.
Many Democrats examining what happened in the 2014 midterms are asking “what did the voters want?” But the right question is why did only 36.4 percent of potential voters bother to register and vote? Obviously Democrats did not give those voters a good enough reason to take the trouble. Is the Democratic Party relevant anymore?
“New Coke” Democrats
In 1985 Coca-Cola was the market leader, but Pepsi was gaining market share. Coca-Cola’s executives panicked and reformulated its flavor to taste like the more-sugary Pepsi. But Pepsi drinkers already drank Pepsi and Coca-Cola drinkers were left with no brand that they liked. If this sounds like an analogy to the Democratic Party consultants who keep urging Democratic candidates and politicians to be more like Republicans, that’s because it is.
Democrats were considered the majority party from the time of Roosevelt’s New Deal until the 1980s. All they had to do to win was to get a high enough voter turnout. Democratic operations were more about Get Out The Vote (GOTV) than giving people reasons to vote for Democrats instead of Republicans. They just assumed most people agreed with them – because most people agreed with them. But that time has passed.
It seems like everybody has an opinion on world affairs and what this President should or should not do even today on the Sunday morning political shows . Arm chair diplomats seem to be everywhere. In fact, every Tom, Dick and Harry is now an expert on Syria, Iraq, Iran, or the terrorist group — ISIS aka ISIL. It’s truly an amazing phenomenon to witness so much commotion from our elected officials, media personalities or everyday citizens. Some want to declare war; others want to bomb, bomb, and bomb; yet while others don’t want any troops deployed, and scrutinize every plane and/or drone that is used.
California’s senior Senator Dianne Feinstein from San Francisco led the Democrats and took her best shot at the President for being too cautious on last week’s Sunday’s Meet the Press, but seems to be coming around to support the President after his statements today. But adding to the polemic is the ever growing pack of Democrats up for re-election, and the Republicans with their tom-tom drums stirring up fear and even more adversity. These GOP naysayers come in all shapes and sizes from the Boobsie Twins, aka Senators John McCain and Lindsey Graham, who are both continuously stirring the proverbial pot on the world stage and at home; to Governor Chris Christie who is pounding his chest this week about Russia’s Putin while judiciously checking his poll numbers. Really, really wish there was a way to simmer them all down because it is just not helping. Words do matter and this type of rabble rousing makes people even more uneasy during this time of great upheaval. Frankly, nothing good can come from Geraldo Rivera’s evocative words on social media, except more unrest:
“Morning, the president finally declared our strategic goal to ‘degrade and destroy’ ISIS. We must hold him to it. Behead the ISIS butchers.” 5:35 AM — 3 Sep 2014 New York, NY, United States