INDIANOLA, Iowa — Senator Elizabeth Warren of Massachusetts said on Sunday that she will release a plan to finance “Medicare for all” in the coming weeks, bowing to critics from the left and the right who have criticized her for not outlining how she would pay for a single-payer health care system.
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Elizabeth Warren Says She Will Release a Plan to Finance 'Medicare for All' - The New Y... - 0 views
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Ms. Warren’s repeated refusal to directly answer that question stood in stark contrast to how she has talked about other policy areas — providing lengthy, detailed plans and explaining how she would create a tax on the wealth of the richest Americans in order to finance other major proposals like student debt cancellation and universal child care.
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Instead, Ms. Warren has sought to reframe the question around the total costs that families would face under her plan. She has said that costs would go up for wealthy people and big corporations, but would go down for middle-class families.
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“I will not sign a bill into law that does not lower costs for middle-class families,” she said at last week’s debate.
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Elizabeth Warren demands answers from US government after CNN's Yemen investigation - C... - 0 views
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US Sen. Elizabeth Warren has written to US government agencies demanding answers after a CNN investigation revealed that American-made weapons in Yemen are being turned on the internationally recognized and US-backed government.
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"These unauthorized diversions of American military hardware to armed groups ... undermine US national security objectives in securing a political settlement to the conflict in Yemen, which has no military solution and remains one of the world's worst humanitarian crises," reads Warren's letter, which was sent Monday and is addressed to US Secretary of Defense Mark Esper and US Secretary of State Mike Pompeo.
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This is the second time that Warren, a candidate for the 2020 Democratic presidential nomination, has written to the US agencies about arms transfers in Yemen following CNN reporting.
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Responding to the latest evidence published by CNN last week, a UAE official said: "There were no instances when US-made equipment was used without direct UAE oversight. Except for four vehicles that were captured by the enemy." The Saudi government has not responded to CNN's requests for comment on this issue.
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Saudi Arabia has led a coalition, in close partnership with the UAE and including various militia groups, to fight the Iranian-backed Houthi rebels in Yemen since 2015. But, in a clear break with its Saudi partners, the UAE said in July that it was reducing its forces in the country, and fighting escalated between separatists and government forces on the ground in August. The UAE has since thrown its support behind the separatist movement.
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In June 2019 the Armed Conflict Location & Event Data Project (ACLED) reported that the total number of reported fatalities in Yemen is more than 91,000 since 2015.
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Revenge of the Human Scum - The Bulwark - 0 views
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The polls, which were taken in the six battleground states where Trump won most narrowly in 2016 tested the president’s head-to-head performance against his top polling Democratic rivals—Joe Biden, Elizabeth Warren, and Bernie Sanders
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The results were revealing and should jar any liberals under the impression that Trump has been fatally hobbled by scandal from their comfortable epistemic bubble.
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Biden was the only candidate of the three to beat Trump in the hypothetical match-ups, and he did so by narrowly edging the president in Michigan, Pennsylvania, Wisconsin, Florida, and Arizona while trailing in North Carolina. It was Trump who came out on top narrowly in the other-matchups, sweeping all six states against Warren and losing only Michigan to Sanders.
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As Nate Cohn points out, in the past few cycles the polls one year out from the election have been approximately as accurate as those one day before.
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the very people I keep hearing are extinct—center-right swing voters. It is on their backs the Biden eeks out a hypothetical victory while Warren and Sanders fall to defeat.
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(a) Voters who didn’t like either candidate but voted third party (there was a massive jump in this group from 2012-2016);
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who did the New York Times poll show as supporting Biden against Trump, but not Warren and Sanders? It wasn’t the Obama-to-Trump voters. It was the human scum.
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Mr. Biden holds the edge among both registered voters and likely voters, and even among those who cast a ballot in 2016. He has a lead of 55 percent to 22 percent among voters who say they supported minor-party candidates like Gary Johnson and Jill Stein, and among those who say they voted but left the 2016 presidential race blank. It comes on top of a slight shift—just two points in Mr. Biden’s favor—among those who say they voted for either Mrs. Clinton or Mr. Trump.
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An analysis of the 205 respondents from the six core battleground states who support Mr. Biden but not Ms. Warren suggests that she might struggle to win many of them over… [They] are relatively well educated and disproportionately reside in precincts that flipped from Mitt Romney in 2012 to Mrs. Clinton four years later. They oppose single-payer health care or free college, and they support the Republicans’ 2017 tax law. They are not natural Democratic voters: 41 percent consider themselves conservative; 20 percent say they’re Republican; 33 percent supported Mr. Trump or Mr. Johnson in 2016.
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Conservative. Pro tax-cut. Living in suburban Romney-to-Clinton precincts. These are your classic Never Trumpers—and it certainly is not the voter profile being targeted by either the Democratic primary candidates nor the president.
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Elizabeth Warren seeks to use Trump Pocahontas 'racial slur' as political tool | US new... - 0 views
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Elizabeth Warren has responded to Donald Trump’s latest “Pocahontas” jibe by highlighting the problem of sexual violence against Native American women, a tactic she said she would pursue each time the president “threw out” such a “racial slur”.
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I went to speak to Native American leaders and I made a promise to them: that every time President Trump wants to try to throw out some kind of racial slur, he wants to try to attack me, I’m going to try to use it as a chance to lift up their stories
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Opinion | Elizabeth Warren Was the Wrong Kind of Radical - The New York Times - 0 views
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Mr. Sanders’s most loyal followers are as much part of a counterculture as they are members of a political campaign. Rather than asking the best and brightest to lead the way beyond left and right, they have come up with a novel fusion of populism and socialism that marries a critique of the inequalities generated by capitalism with a rejection of technocratic nudging and meritocratic striving
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Tell them that Elizabeth Warren is the real radical, and they’ll ask what you can expect from an administration dominated by products of the same elite institutions that ran the Obama White House. Insist that they should be practical, and they’ll wonder how progressives will be able to change the country if they can’t even change the Democratic Party. See the world from this perspective, and Ms. Warren looks like the left wing of a broken status quo, not the start of something different.
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to its millennial base, the difference between their tribe and the rest of the party is obvious at first sight. It’s what separates Ms. Ocasio-Cortez from Katie Porter, Jacobin from Vox and Democratic Socialists of America from the Democratic Renaissance Project.
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They can’t stand MSNBC; their attitude toward Russia, Ukraine and impeachment tended toward indifference; and don’t get them started on “The West Wing.”
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AOC endorsed Bernie Sanders: Here's why - CNNPolitics - 0 views
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Rep. Alexandria Ocasio-Cortez never hid from the fact that choosing between Sens. Bernie Sanders and Elizabeth Warren, as she weighed her 2020 presidential endorsement, would be a difficult one.
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"I would like to see in a presidential candidate is one that has a coherent worldview and logic from which all these policy proposals are coming forward," Ocasio-Cortez told CNN in May. "I think Sen. Sanders has that. I also think Sen. Warren has that. I also want to see us centering (on) working people in the United States to stem income inequality (and) tackle climate change."
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The New York Democrat told Sanders she would back him for president over the phone as he was lying in a hospital bed recovering from the heart attack that took him off the campaign trail for weeks, aides to both told CNN. When he fell ill in Las Vegas, Sanders' campaign had been stalling in polls, as Warren pulled ahead and solidified her status among the front-runners.
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Ocasio-Cortez credited Sanders for what she described as one of the best Democratic presidential primary fields in a generation and touted his influence on the freshman Democratic congressional class.
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"It wasn't until I heard of a man by the name of Bernie Sanders that I began to question and assert and recognize my inherent value as a human being that deserves health care, housing, education and a living wage," she said.
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"The only reason that I had any hope in launching a long-shot campaign for Congress is because Bernie Sanders proved that you can run a grassroots campaign and win in an America where we almost thought it was impossible," Ocasio-Cortez said.
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Ocasio-Cortez told CBS News on Saturday endorsing Sanders was "the most authentic decision to let people know how I feel and where I am," and said it was not based on a political calculation.
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The Joe Biden campaign intensifies its criticism of Facebook - CNNPolitics - 0 views
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The Biden campaign ramped up its criticism of Facebook in a second letter to the social media giant, calling for the platform to reject another false anti-Joe Biden ad.
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In Thursday's letter, Biden campaign manager Greg Schultz blasted Facebook for what he called a "deeply flawed" policy, saying it gives "blanket permission" for candidates to use the platform to "mislead American voters all while Facebook profits from their advertising dollars." The ad was paid for by a political action committee called The Committee to Defend the President.
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"The ad you wrote us about is currently inactive on our platform and is not running. Should it become active it would then be sent to third party fact checkers where they would have the option to review it," Harbath said.
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The ad, which is now inactive, accuses the 2020 Democratic presidential candidate of "blackmailing" US allies, alleging impropriety while he was vice president and his son Hunter served on the board of a Ukrainian energy company. There is no evidence of wrongdoing by Joe or Hunter Biden. The ad ends with the narrator saying, "Send Quid Pro Joe Biden into retirement."
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Warren recently ran a false ad on Facebook deliberately to draw attention to the issue. Facebook then tweeted at Warren that the "FCC doesn't want broadcast companies censoring candidates' speech." It continued, "We agree it's better to let voters -- not companies -- decide."
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Under current policy, Facebook exempts ads by politicians from third-party fact-checking -- a loophole, both Biden and Warren allege, that allows Zuckerberg to continue taking money from President Donald Trump's campaign and its supporters despite Trump's ads spreading lies about Biden and his son. While it allows politicians to run ads with false information, its policy does not allow PACs to do so. Facebook does not fact check ads from PACS before they run on the platform.
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How Hard Are Democrats Trying To Lose In 2020? - 0 views
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Many Democrats forget that four years ago, polls showed Donald Trump as the only Republican losing to Hillary Clinton.
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In fairness, both sides are focused on a base turnout strategy for 2020 over a persuasion strategy. Team Trump may have the financial advantage necessary to work on expanding the electoral map, at a minimum causing his opponent to spend time and money on states a Democrat would like to take for granted.
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he dynamics that elected Trump remain a problem for the eventual Democratic nominee. David Wasserman, House editor for the nonpartisan Cook Political Report, recently explained why the “let’s win without working-class whites” mentality doesn’t hold water for Democrats. This demographic comprises 45 percent of all eligible voters, but: 61 percent in Wisconsin; 61 percent in New Hampshire; 56 percent in Michigan; 56 percent in Minnesota; 56 percent in Pennsylvania; and 47 percent in North Carolina.
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KFF found President Trump has a seeming advantage with swing voters on the economy, while Democrats may take the advantage on climate change, health care, and immigration.
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Democratic elites, and their representatives in the media, are pressing their preference for Elizabeth Warren, who is losing to Joe Biden with black and blue-collar white voters, and to Bernie Sanders with young voters.
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Moreover, Warren is a terrible candidate on the issues where a Democrat might persuade swing voters. She has embraced a socialist, single-payer health care scheme that eliminates private insurance, likely increases costs for many middle-class families, and does not command majority support even among Democrats.
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Facebook is allowing politicians to lie openly. It's time to regulate (Opinion) - CNN - 0 views
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At the center of the exchange was a tussle between Sen. Elizabeth Warren, who has been pushing for the break-up of tech giants like Facebook and Google, and Sen. Kamala Harris, who pointedly asked whether Warren would join her in demanding that Twitter suspend President Donald Trump's account on the platform.
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This is a highly-charged and heavily politicized question, particularly for Democratic candidates. Last month, Facebook formalized a bold new policy that shocked many observers, announcing that the company would not seek to fact-check or censor politicians -- including in the context of paid political advertising, and even during an election season.Over the past few days, this decree has pushed US political advertising into something like the Wild West: President Donald Trump, who will likely face the Democratic candidate in next year's general election, has already taken the opportunity to spread political lies with no accountability.
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Warren responded to the Trump ad with a cheeky point: In an ad she has circulated over Facebook, she claims that "Mark Zuckerberg and Facebook just endorsed Donald Trump for re-election." Later in the ad, she acknowledges this is a falsehood, and contends that "what [Mark] Zuckerberg has done is given Donald Trump free rein to lie on his platform — and then to pay Facebook gobs of money to push out their lies to American voters."
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Should our politicians fail to reform regulations for internet platforms and digital advertising, our political future will be at risk. The 2016 election revealed the tremendous harm to the American democratic process that can result from coordinated misinformation campaigns; 2020 will be far worse if we do nothing to contain the capacity for politicians to lie on social media.
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This new Facebook policy opens a frightening new world for political communication — and for national politics. It is now the case that leading politicians can openly spread political lies without repercussion. Indeed, the Trump campaign was already spreading other falsehoods through online advertising immediately before Facebook made its announcement — and as one might predict, most of those advertisements have not been removed from the platform.
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It is disconcerting to think that by fiat, Facebook can deem a political ad to be dishonest because it contains fake buttons (which can deceive the viewer into clicking on a survey button when in fact there is no interactive feature in the ad), but the company will refuse to take action against ads containing widely-debunked political lies, even during an American presidential election.
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Facebook has one principal counterargument against regulation: that the company must maintain strong commitments to free speech and freedom of political expression. This came across in Mark Zuckerberg's speech at Georgetown University on Thursday, in which he described social media as a kind of "Fifth Estate" and characterized politicians' calls to take action as an attempt to restrict freedom of expression. Quoting at times from Frederick Douglass and Supreme Court jurisprudence, Zuckerberg said "we are at a crossroads" and asserted: "When it's not absolutely clear what to do, we should err on the side of free expression."
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Unfortunately for Facebook, this argument holds little water. If you determine that an ad containing a fake button is non-compliant because it "[entices] users to select an answer," then you certainly should not knowingly broadcast ads that entice voters to unwittingly consume publicly-known lies -- whether they are distributed by the President or any other politician. Indeed, as one official in Biden's presidential campaign has noted, Zuckerberg's argumentation amounts to an insidious "choice to cloak Facebook's policy in a feigned concern for free expression" to "use the Constitution as a shield for his company's bottom line."
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If Facebook cannot take appropriate action and remove paid political lies from its platform, the only answer must be earnest regulation of the company -- regulation that forces Facebook to be transparent about the nature of political ads and prevents it from propagating political falsehoods, even if they are enthusiastically distributed by President Trump.
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6 Takeaways From the January 2020 Democratic Debate - The New York Times - 0 views
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It’s a reflection of the muddled state of the race. The candidates have all made a calculation that being the aggressor in any interpersonal conflict would only lead to increasing their unfavorable ratings — or falling down Iowa caucusgoers’ second-choice lists, a critical element because supporters of candidates who don’t receive 15 percent support will be free to back someone else.
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Ms. Warren did highlight her status as the top-polling female contender at several points in the debate, ending her closing statement with a reference to the possibility of electing the first woman president.
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One of Ms. Warren’s biggest political obstacles is the perception among some voters that she would face daunting challenges in a general election — both thanks to her boldly progressive outlook, and to societal sexism that many Democrats believe damaged Mrs. Clinton in 2016. @charset "UTF-8"; /*********************** B A S E S T Y L E S ************************/ /************************************* T Y P E : C L A S S M I X I N S **************************************/ /* Headline */ /* Leadin */ /* Byline */ /* Dateline */ /* Alert */ /* Subhed */ /* Body */ /* Caption */ /* Leadin */ /* Credit */ /* Label */ /********** S I Z E S ***********/ /******************** T Y P O G R A P H Y *********************/ .g-headline, .interactive-heading, .g-subhed { font-family: "nyt-cheltenham", georgia, "times new roman", times, serif; } .g-alert, .g-alert.g-body, .g-alert_link, .g-byline, .g-caption, .g-caption_bold, .g-caption_heading, .g-chart, .g-credit, .g-credit_bullet, .g-dateline, .g-label, .g-label_white, .g-leadin, #interactive-leadin, .g-refer, .g-refer.g-body, .g-table-text { font-family: nyt-franklin, arial, helvetica, sans-serif; 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And she invoked her 2012 victory over then-Senator Scott P. Brown, Republican of Massachusetts, as she declared herself “the only person on this stage who has beaten an incumbent Republican anytime in the past 30 years.”
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Yet while she described herself as a winner tethered to the Midwest, somebody whose friends and neighbors hail from flyover country, she didn’t come out of Tuesday’s debate with any significant headlines of her own.
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Mr. Buttigieg deftly dodged by suggesting that the black voters who “know me best” — in his native South Bend — chose him twice to lead the city. And he cited recent endorsements from Representative Anthony Brown of Maryland and Mayor Quentin Hart of Waterloo, Iowa, who this week became the two most prominent African-American elected officials to back him.
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Mr. Biden, who flew under the radar particularly at the last debate, often stayed in his comfort zones — discussing foreign policy and health care — and he was not the center of the kind of memorable exchanges that had dealt his campaign blows earlier in the race.
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How Bernie Sanders and Elizabeth Warren will benefit from Trump's impeachment - 0 views
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The impeachment of President Donald Trump could be a boon for the presidential candidates serving in the Senate, one expert believes.
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The jury of 100 senators which will decide the president’s fate will include Bernie Sanders, Elizabeth Warren and Amy Klobuchar.
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“I think the country will be pinned to their TV sets watching the news and even watching the proceedings live.”
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Arzt brushed aside concerns that early state primary campaigns might suffer with the candidates bottled up on Capitol Hill.
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“They’ll have surrogates in the early states, they will make appearances when they are freed up on a weekend.”
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Getting the limelight may not be easy for the trio because, unlike more garden-variety hearings where grandstanding is the norm, senators will be forbidden from speaking during the trial.
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A Warren volunteer said, “I wish she didn’t have to leave the campaign trail but our country and our constitution comes first.”
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Think of Obama as a foreign-policy version of Warren Buffett - The Washington Post - 0 views
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Obama plays a “long game.” The defining element of his global strategy is that it reflects the totality of U.S. interests — foreign and domestic — to project leadership in an era of finite resources and seemingly infinite demands.
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For too many critics, the answer is almost always for the United States to do more of something and show “strength” by acting “tough,” though usually what that something is remains very vague. And doing more of everything is not a strategy.
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The foreign policy debate, on the other hand, tends to be dominated by policy day traders — or flashy real estate developers — whose incentives are the opposite: achieving quick results by making a big splash, getting rewarded with instant judgments and reacting to every blip in the market.
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Obama has been like a foreign policy version of Warren Buffett, a proudly pragmatic value investor less concerned with appearances and the whims of the moment, focused instead on making solid investments with an eye to long-term success
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think back to 2008, with the U.S. economy shedding as many as 500,000 jobs a month and on the cusp of a second Great Depression, the U.S. military was stretched to the breaking point through fighting two wars, and many parts of the world associated the United States with militarism, Guantanamo Bay and torture. The picture looks very different today.
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Considering the extent of today’s global disorder, it is tempting to succumb to a narrative of grievance and fear — sharpening the divisions between “us” and “them,” building walls longer and higher, and lashing out at enemies with force. Or to think it better that, to reduce exposure to such geopolitical risk, the United States should divest from its alliances. Despite all the talk of “strength,” what these impulses reflect is a core lack of confidence.
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As Obama’s presidency nears its end, the state of the world is indeed tumultuous and ever changing, but we have good reason to be confident. The United States’ global position is sound. The United States has restored a sense of strategic solvency. Countries look to it for guidance, ideas, support and protection. It is again admired and inspiring, not just for what it can do abroad but also for its economic vitality and strong society at home.
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Foreign Policy Distinguishes Bernie Sanders in 2020 - The Atlantic - 0 views
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From a $15 national minimum wage to Medicare for all to free college tuition, Sanders’s opponents have embraced policies that were considered radical when he first proposed them during the 2016 campaign
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there’s another policy realm where Sanders may find it easier to carve out a distinctly lefty niche: America’s relationship to the rest of the world.
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This time, by contrast, Sanders arguably talks about foreign policy more than any other declared candidate does. Of the four senators who launched their candidacies via video—Elizabeth Warren, Cory Booker, Kamala Harris, and Sanders—only his mentioned foreign policy
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What distinguishes Sanders is the same quality that distinguished him on domestic policy in 2016: his willingness to cross red lines that have long defined the boundaries of acceptable opinion
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He’s produced videos that call Gaza an “open-air prison,” he’s depicted Benjamin Netanyahu as part of the “growing worldwide movement toward authoritarianism,” and, most controversially of all, he’s suggested cutting U.S. military aid to Israel.
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He’s the only presidential candidate in recent memory who regularly describes the Cold War not as a heroic American victory, but as a cautionary tale
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Sanders doesn’t just warn against U.S. military intervention in Venezuela, as Warren and Gillibrand have. He warns against it while invoking the United States’ “long history of inappropriately intervening in Latin American countries.
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he wants America to shun the quest for global supremacy that leads it to overthrow regimes it can’t control and to instead pursue a foreign policy based on “partnership, rather than dominance.”
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He called for putting the United Nations—which he called “one of the most important organizations for promoting a vision of a different world”—near the heart of American foreign policy
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Sanders challenged the domestic side of the exceptionalist creed: the belief that American capitalism—buttressed by modest regulations and welfare provisions—provides upward mobility.
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Now Sanders is poised to challenge exceptionalism in foreign policy: the belief that America, as a uniquely virtuous nation, can substitute its own self-interest and moral intuition for international institutions and international law
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A 2017 Pew Research poll found that Americans over the age of 30 were far more likely to say that the “U.S. stands above all other countries in the world” than to say, “There are other countries that are better than the U.S.” But among adults under 30, the latter view predominated by a margin of more than two to one.
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For a presidential candidate, challenging American exceptionalism would, until recently, have seemed like a sure path to political oblivion
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Bernie Sanders is FDR's unimaginative echo - The Washington Post - 0 views
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Sanders delivered a Washington speech explaining, in effect, that socialism is as American as a piece of frozen apple pie with a slice of processed cheese. Doing so, however, he demonstrated that “socialism” is a classification that no longer classifies.
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What Sanders then offered as forward-looking socialism was a warmed-over version of what President Franklin D. Roosevelt advocated 75 years ago.
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A young adult — a member of the demographic supposedly most sympathetic to socialism — who attended Sanders’s exegesis of socialism told the Times: “In America we embrace a lot of socialist policies already, like public education and parks.” This understanding of socialism as any government provision of public goods puts Horace Mann (1796-1859), an advocate of public education, and Frederick Law Olmsted (1822-1903), designer of New York City’s Central Park, in the socialist pantheo
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Many young people who supposedly are making socialism a “major force” think it is sociability: everyone being nice to everyone.
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Sen. Elizabeth (“I have a plan for that”) Warren (D-Mass.), who describes herself as a “capitalist to my bones,” is a more authentic socialist than Sanders because she has more granular plans for government power (a.k.a. politics) to supplant market forces in the allocation of wealth and opportunity
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Opinion | Moderates Have the Better Story - The New York Times - 0 views
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American progressives have a story to tell, and they are not afraid to tell it. In this story global capitalism is a war zone. Free trade is a racket. Big business and big pharma are rapacious villains that crush the common man
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In this context you need a government prepared for war. You need a government fired by economic nationalism, willing to play trade hardball against our foes. You need a centralized industrial policy to shift investment where it’s needed. You need a government that will protect you, control you and give you thing
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In the moderate story, global capitalism is a challenge but also an opportunity field. Over the past generation more people have been lifted out of poverty than ever before. For the first time we have a mass global middle class. This opens up new opportunities, liberates masses of talent and leads to more creativity than ever before.
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In the moderate story, government has a bigger role than before, but it is not a fighting, combative role. It is a booster rocket role. It is to give people the skills needed to compete and flourish in this open, pluralistic world. It is to give people a secure base, so they can go off and live daring adventures. It is to mitigate the downsides of change, and so people can realize the unprecedented opportunities.
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Progressives want to create a government caste that is powerful and a population that is safe but dependent
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Moderates, by contrast, are trying to create a citizenry that possesses the vigorous virtues — daring, empowered, always learning, always brave.
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they can afford to have strong welfare policies only because they have dynamic free-market economies.
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Nordic countries are more open to free trade than the U.S. They have fewer regulations on business creation, fewer licensing regulations.
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Nordic health plans require patient co-payments and high deductibles, in stark contrast to Bernie Sanders’s plan
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The Nordic countries tried wealth taxes of the sort Elizabeth Warren is proposing, and all except Norway abandoned them because they were unworkable
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Nordic countries show that social solidarity and economic freedom are not opposite, but go hand in hand
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Third, drive decision-making downward. People become energetic, responsible adults by making decisions for themselve
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Moderates emphasize tools that regular people can choose to build their own lives and maximize their own opportunities: wage subsidies, subsidies to help people move to opportunities, charter schools.
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Opinion | Elizabeth Warren and Bernie Sanders, Marooned Together on Fantasy Island - Th... - 0 views
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while Democrats picked up 40 seats in the House in the 2018 midterms, not one Democrat who flipped a district from red to blue did so by running on the kind of agenda that Sanders and Warren are pushing now.
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It’s a crucial point and a powerful argument against either Sanders or Warren as the Democratic nominee. But neither of the two of them ever directly addressed or specifically rebutted it.
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if she winds up with the nomination, it will be after planting herself as firmly as possible on an island of purity.There’s probably no credible toggle toward the center for her, no ready bridge to a messier but potentially bigger mainland. What bold real estate. What risky terrain, too.
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shared by Javier E on 03 Apr 20
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Another GOP president, another recession - The Washington Post - 0 views
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gop president recession trump history politics policy
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President Trump did not create the coronavirus, but his failure to act swiftly and implement extensive testing and contact tracing left us with one option: extreme social distancing.
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And naturally, social distancing meant the economy ground to a halt. In that sense, the recession is a product of Trump’s mismanagement and willful ignorance. And that recession will be frightfully severe.
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“The past two weeks have erased nearly all the jobs created in the past five years, a sign of how rapid, deep and painful the economic shutdown has been on many American families who are struggling to pay rent and health insurance costs in the midst of a pandemic.”
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In looking at the political implications of this horror show, one need only recall the 2008 Great Recession. The causes of that financial collapse — e.g., unregulated financial instruments, negligence from ratings companies, lender deception, the Federal Reserve’s failure to act — were complicated.
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the politicians who resisted warnings (from then-Harvard professor Elizabeth Warren, among other people) and favored a Wild West deregulated financial industry have unique culpability. And the party in charge at the time — the Republicans — bore the brunt of the voters wrath at the polls. Do we imagine this domestic debacle will play out differently?
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Trump and his Republicans are vulnerable on three counts: failure to act to head off the pandemic, failure to respond adequately to the crisis and corruption in the response
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Perhaps most important, Pelosi will set up a House select committee to oversee the entire coronavirus effort, much like then-Sen. Harry Truman did for World War II funding, to crack down on waste, fraud and abuse.
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Trump will faces three major challenges: Did he do everything to head off a deep recession? Did he do enough to help those hurt? Did he prevent profiteering and corruption that diverted and from the needy? Unless the answer to all three is “yes,” Trump will have a hard time persuading Americans to leave him in charge of mitigation and recovery.
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Opinion | Warren, Bloomberg and What Really Matters - The New York Times - 0 views
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During the U.S. economy’s greatest generation — the era of rapid, broadly shared growth that followed World War II — Wall Street was a fairly peripheral part of the picture. When people thought about business leaders, they thought about people running companies that actually made things, not people who got rich through wheeling and dealing.
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But that all changed in the 1980s, largely thanks to financial deregulation. Suddenly the big bucks came from buying and selling companies as opposed to running them
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And the financial sector itself doubled as a share of the economy, which meant that it was pulling lots of capital and many smart people away from productive activities.
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there is no evidence that Wall Street’s mega-expansion made the rest of the economy more efficient. On the contrary, growth in family incomes slowed down as finance rose — although a few people became immensely rich
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the famous Bloomberg Terminal, a proprietary computer system that gives subscribers real-time access to large quantities of financial data. This access is incredibly expensive — a subscription costs around $24,000 a year. But it’s a must-have in the financial industry, because traders with Bloomberg Terminals can react to market events a few minutes faster than those without.It’s an extremely profitable business. But is it good for the economy? No
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Bloomberg has, in effect, made his billions off a financial arms race that costs vast sums but leaves everyone pretty much back where they started.
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Warren had made a name for herself as a crusader against financial industry fraud and excess.It wasn’t just talk. One key piece of the reforms instituted after the 2008 financial crisis, the creation of the Consumer Financial Protection Bureau, was Warren’s brainchild. Furthermore, by all accounts the bureau was wildly successful, saving ordinary families billions, until the Trump administration set about eviscerating it.
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I have no idea how or if Wednesday’s debate will affect the Democratic race. But it may have helped remind Democrats that corruption, fraud and the excesses of Wall Street in particular can be potent political issues — especially against a president who is both personally corrupt and so obviously a friend to fraudsters.
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shared by johnsonel7 on 09 Feb 20
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Democratic Debate Analysis: Winners, Takeaways From Feb. 7 | Time - 0 views
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Democratic debate 2020 Iowa New Hampshire Biden Sanders Warren Buttigieg politics
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There’s no frontrunner, the president has just been acquitted for impeachment and voters still don’t know who won the first-in-the-nation Iowa caucuses. With rank-and-file Democrats desperate for a solid standard-bearer, the candidates rushed to argue they were the best bet to beat President Donald Trump, setting off a surreal meta-debate about that most ineffable of political qualities, “electability.”
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Former Vice President Joe Biden, coming off a dismal fourth-place Iowa showing, practically conceded New Hampshire right off the bat, arguing that the first four nominating contests should be regarded as a group. Sen. Bernie Sanders, who appears to have won the most Iowa raw votes, argued that his movement could realign American politics by increasing voter turnout. And Pete Buttigieg, who’s receiving a surge of new attention since his unexpectedly strong Iowa result, positioned himself as a Washington outsider.
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At first, everything was going great for Buttigieg. Fresh off a strong showing in the muddled Iowa Caucuses and surging in the polls in New Hampshire, Buttigieg started the debate in a virtuous cycle: he is a favorite punching bag of his rivals, but nearly every time his opponents attacked him, he was able to parry the response into another opportunity to push his message of unity, belonging and futurism. He talked about a “style of politics” and the need to “turn the page” from “the politics of the past.”
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Biden has always had it in him. In 2012, he reset the trajectory of a sinking Obama re-election bid with an aggressive if occasionally smug performance in his vice presidential debate against the GOP pick of Paul Ryan. The Obama team had prepared exhaustive research into every piece of legislation Ryan — the Republican Party’s self-anointed ideas guy — touched.
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Buttigieg’s aptitude for talking his way out of tough spots has taken him from being a no-name mayor of South Bend, Indiana, to a top-tier presidential contender. But when confronted with the racial disparity in marijuana arrests in South Bend, Buttigieg’s eloquence hit its limit. “There is no question that systemic racism has penetrated every level of our system, and my city was not immune,” he said,
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Warren finished third in Iowa, caught in the no-man’s land between Sanders’ liberal warriors and Buttigieg’s appeal to moderates and suburbanites. Her fate in the debate was similar: Always articulate, always prepared, she still seemed not to have a way to distinguish herself from the rest of the field
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Warren gave sharp and persuasive articulations of her positions, but didn’t necessarily make the case that voters should prefer her over the other candidates. She did stand out on the question of race: asked if Buttigieg’s answer was “substantial,” she replied, flatly, “No,” and went on to make a passionate argument that racial justice must go beyond the criminal-justice system