“At a time like this, scorching irony, not convincing argument, is needed.”
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Good Morning, all.
Looks like it is going to be another bad day for the GQP….
Heh, heh….
Today is Pan American Aviation Day
The Pan Am Clipper was the way to quickly cross the Pacific in several years prior to World War II.
Eventually, air transportation took over, and passengers could cross the Pacific in only a couple of days.
If you’re in a room full of folk and you can’t figure out who the stooge is in the first 60 seconds…it’s you.
Kanye West’s ‘Independent’ Campaign Was Secretly Run by GOP Elites
That makes me wonder whether Krystin Sinema is a deep GOP plant. First she runs as a Green Party, then as a Democrat where she continues to protect the Republican agenda.
There's your Jill Stein on steroids.
Sinema is a corporatist above all. Payday lenders,law firms, finance, insurance, and real estate industries are her top contributors. Those are the interests she represents, above those of her constituents. . She gets millions more from national donors than from Arizonans.
Progressives need to stop supporting her through feminist organizations such as Emily’s List, and through Democratic PACS.
I agree that her Green Party run is suspect. She doesn’t appear to have any agreement with the Green platform.
Yes, both you and Voyageur are probably correct.
Sinema was a social worker and earned a MSW in 1999. She worked on Nader's 2000 presidential campaign, and was a losing independent candidate for local contests. In 2001 -she became an organizer of protests — anti-war and opposing "the North American Free Trade Agreement, the World Bank, and the World Trade Organization." Someplace in there, she became a spokesperson for the Greens — but in 2002 ran as an independent candidate affiliated with the Greens and lost. By 2004's election, she registered as a Democrat and ran for the AZ House in the odd districting system, with 2 winners per state Senate district.
My sense — she was more committed to the protests and used the Greens' mailing and phone lists, and less a committed Green who also protested.
Sinema is closer to Benedict Arnold than to Jill Stein.
That is giving Cinema (since she thinks she's performing on the big screen) more credit than she deserves.
She's stupid and narcissistic which is a dangerous combination. (Sound like anyone else we know in politics?)
Never attribute to duplicity what can easily be explained by stupidity.
I think Sinema is one of those fairly rare combos who is highly educated, and still stupid.
I agree.
I have known a couple of folks like her.
Her most notable characteristic, perhaps her willingness to betray her word.
Sinema was valedictorian of a small high school at age 16, graduate of BYU at age 18, earned a MSW, earned a JD, completed a leadership program at Harvard, and earned a Ph.D.
Sure doesn't SEEM stupid in the usual sense of the word.
Thank you. As much as Sinema’s obstruction pisses me off, I don’t actually think she’s stupid- just sold out to corporate interests.
It’s mildly interesting to speculate about whether she was a mole when she was protesting corporate power and using the Greens to get started in politics, or a genuine believer who changed her mind and decided that corporation people were her true friends.
I agree. She knows how to pretend…for money. She is no less mercenary than Reppy le Pew Pew…just much smarter.
Brad DeLong, the well-known history of economics professor at Berkeley, looks at: "Is Inflation "Non-Transitory"?"
Federal Reserve policy for years has undershot the inflation "target" of 3%. That caused the recovery from the deep 2008 recession to be extremely slow. The Biden Boom has accelerated the economy quickly, but note that inflation expectations are still very low: see how investors are valuing long-term bonds and mortgage rates).
Park, do you have an “Economics for Dummies” translation of that article? Like, why should we care if inflation is transitory or not?
Here's a short course. Would you rather have a temporary fever or a permanent one?
Nuff said.
Maybe a couple bullet points worth biting on:
– If transitory inflation leads to less-than-transitory policy action, like increasing interest rates, it could make a pretty big difference if you're taking out a loan
– As with about anything, follow the money when it comes to considering what's causing inflation: https://robertreich.substack.com/p/truth-about-inflation
– Inflation's not without consequences, especially for folks on limited or fixed income, but it's also a nice talking point to throw against the political wall to see if it sticks to Uncle Joe or Ds running in battleground states/districts. Whether it's transitory or not transitory might matter a great deal politically in the run-up to the mid-terms.
The Robert Reich article is illuminating. Thanks to you and all who are helping me chip away at my mental block about economics.
"Fixed Income"?
Social Security is not fixed income because it increases with inflation, and lucky seniors may be home owners with fixed house payments, even luckeir, maybe they've paid off the mortgage!
Inflation hurts people in weak negotiating positions with their employers. Thank god for Unions.
Fair and appreciated. I admittedly threw out "limited or fixed" together as part of a caffeinated drive-by. They're different!
Yeah. Brad DeLong is much more lay-person readable when he's talking about history; he has very interesting and informative perspectives.
In todays situation, there is a debate between Team Transitory and Team Freak-out. Is inflation is just a bump in the road as the economy readjusts to Covid related supply chain and consumer purchasing disruptions, or is there something permanent either in terms of inflation expectations, or a super over-heated economy.
Paul Krugman and DeLong are both on team transitory, claiming that today's inflation is more like the recovery from WWII when consumers have a sudden release of spending, and then the captains of industry look at demand and invest to meet it. As opposed to the 1970s supply crash from OPEC, and the stagflation.
The question for the Fed is whether to act now to cool the economy. That is easy to do by raising interest rates, in order to crash the housing market (construction and purchases). That is what Larry Summers is arguing for.
Team Transitory says that would be crazy. Instead we should fund childcare Covid vaccines so people can re-enter the workforce. Besides we actually want a little inflation.
Team Hard-nosed Business Investor Bond Traders is looking at the situation and saying. "Nope; No way. No inflation coming that we can see."
Team Maggot, wants the economy to collapse so they can kill the Biden Boom.
The irony is that as Team Maggot hopes for an economic Armageddon to punish Biden and to “own the libs,” who do you think will be hurt the most?
Think about the average white trash Trump supporter who spends at least half of his disposable income on maintaining his big ass pickup truck (fuel, tires, tags, accessories…..but not insurance) and the other half on junk food, ammo, cigarettes, booze, weed, and keeping the trailer good enough shape to withstand the next Biblical (but not climate-change related) flood.
It’s Medicaid expansion, child tax credits, COVID vaccines and so many other things he opposes. Even if it’s in his self interest, he has to oppose it.
You can’t tell me what to do…..
America’s billionaires have grown $2.1 trillion richer during the pandemic; everyone else got screwed with inflation.
Maybe Dr. Pfruit could give us an Econ lecture on how this is a good thing (a dynamic that will only intensify, not dissipate)? How MAGA policy could have prevented this unprecedented transfer of wealth from the many to the few?
Simple sure-fire way to get Build Back Better to pass the Senate:
Include a permanent tax holiday for Billionaires and their descendants, with further rebates upon proof of donations given to GOP candidates.
We're spending $8 trillion on defense over the next 10 years — what's another $1.75 trillion for things that actually strengthen our nation?
We all know the values today's GOP hold dear.
Surely, I'm not the first to realize this…
There would still be about 30 Republicans who would vote against it – even if it put money in the pockets of their paymasters (Cruz, Paul, Lee, Cotton, Hawley, Johnson ….. you know, the Asshole Caucus).
But I'll bet the 19 Republicans who voted for the physical infrastructure bill plus Manchin would support what you're suggesting.