Tag: US Politics
Vance’s Trumped-Up Economics
Robert Reich Aug 25, 2024 (Posting Monday AM)
Friends,
Sorry to interrupt your Sunday but I think it useful in these final weeks before the election to give you the truth on important matters of public policy.
Today, Republican vice-presidential nominee JD Vance told NBC News that the tariffs Trump imposed during his term in office had not raised prices for Americans but had brought a significant number of jobs back to the United States.
Wrong on both counts.
In a careful analysis, researchers found the cost of Trump’s tariffs were “almost entirely borne by U.S. firms and consumers.”
That’s not surprising; tariffs function like taxes by raising the costs of imported goods. Trump’s proposal to raise tariffs on all imports as a means of raising revenue to offset a tax cut is obviously absurd.
Vance is also wrong about employment. Research clearly shows that the Trump tariffs did not bring jobs back to the United States.
Tariffs may be necessary for national security to protect critical industries such as semiconductors. But no one should be fooled into thinking they’re costless for consumers, or good for workers. The 1930 Smoot-Hawley tariff made the Great Depression far worse than it already was.
That Vance would make these claims — which have been so convincingly debunked — should cause all of us some concern. He seems as unreliable as the person who named him his running-mate.
https://robertreich.substack.com/p/vances-trumped-up-economics
The Shinbone Star
I read these whenever I get ’em. I think everyone should, so give it a try when you get a few minutes. Well, unless you already did; I’m a few days late reading this one! 🌞
Still haven’t seen that coffee, but this is a most excellent blog post:
From Courtney’s Weekly Tea
It’s a newsletter I read because I enjoy tea. Also, she’s a part of Romancing the Vote, an organization that does work near and dear to my heart. I also own one of her books, with several more on my wishlist. Anyway, she’s got a little editorial in the letter this week, worthy of a read. There is no link to the letter, but the link to sign up for the letter is here.
“The Purpose of the Postmenopausal Female…
“I’ve been immersed in politics for, um, several weeks. Part of it is hope that finally, endlessly, we will be able to put some of the awfulness of the last years behind us and move forward into a world where we care about an equitable future.
“But also, confession time: JD Vance speaks directly to a very specific grudge that I’m holding.
“You want to know my grudge? I am endlessly grudging against what I call in my head the ‘legal abuser network’—that set of people who think that power is more important than, you know, treating folks with dignity. They’ve aligned themselves with abusers over and over and gaslit everyone who remains. JD Vance is On My List. In other circumstances, ‘stop being such assholes and treat people well!’ would be a moral statement and not a grudge. But they tried to induct me into the ‘no, look, you’ll get power, it’s cool, just pretend the abuse didn’t happen’ club, and so it’s absolutely a grudge and I want them all to fail.
“But I digress.
“I have been taking a very grim pleasure in watching people flip over rocks and seeing—yet again—that there is JD Vance, writhing away from the light like a many-legged centipede, leaving a trail behind him filled with things like his rancor for childless cat ladies and his belief that the Italians and the Irish were violent immigrants who maybe should have been banned from entering the country in the 1840s, and his statement that the only purpose that a postmenopausal female (it’s always females! Jerks like JD Vance can never use the word ‘women!’) serves is to do childcare.
“Last night, I was thinking about how Vice President Harris has reinvigorated a campaign that many (but not me) thought dead. I was watching Michelle Obama deliver a speech as probably one of the best orators in the nation, possibly beating out her husband who is a generational talent at giving speeches. And I thought about how many women in their generation—a scant decade older than me—faced barriers to entry from so many sides, and how much of who they have become was shaped by opposition.
“And it made me doubly proud to be the party of Not JD Vance, because as we can all plainly see, the purpose of a postmenopausal female is to kick ass.”
Without Comment (from me,)
Trump says he’d consider appointing RFK Jr. to role in administration
By Eric Bradner, CNN 3 minute read Updated 4:58 PM EDT, Tue August 20, 2024
Donald Trump said Tuesday he would “certainly” be open to Robert F. Kennedy Jr. playing a role in his administration if the independent candidate drops out of the 2024 race and endorses the former president.
“I like him, and I respect him,” Trump told CNN’s Kristen Holmes in an interview after a campaign stop in Michigan.
“He’s a brilliant guy. He’s a very smart guy. I’ve known him for a very long time,” the Republican presidential nominee said. “I didn’t know he was thinking about getting out, but if he is thinking about getting out, certainly I’d be open to it.”
Trump’s comments came after Kennedy’s running mate, Nicole Shanahan, said on a podcast posted Tuesday that the Kennedy campaign is considering dropping out of the race and endorsing Trump. She described the decision as intended to reduce “the risk” that Vice President Kamala Harris defeats Trump.
Trump said he would “love that endorsement, because I’ve always liked” Kennedy.
Asked if he would consider appointing Kennedy to a role in his administration if he wins in November, Trump said he “probably would.”
“I like him a lot. I respect him a lot,” Trump said. “I probably would, if something like that would happen. He’s a very different kind of a guy — a very smart guy. And, yeah, I would be honored by that endorsement, certainly.”
The former president also downplayed the potential for backlash from Republicans for appointing Kennedy, who has taken a number of progressive positions.
“I like smart people, and Republicans like me,” Trump said. (snip-More on the page, linked in the title of this post.)
Robert Reich on Thanking President Biden
We thank you, Joe, by Robert Reich
Tonight is for you Read on Substack
Friends,
Tonight’s opening of the Democratic National Convention in Chicago will be an opportunity for the Democratic Party and the nation to take stock of Joe Biden’s term of office and thank him for his service.
He still has five months to go as president, of course, but the baton has been passed.
Biden’s singular achievement has been to change the economic paradigm that reigned since Reagan and return to one that dominated public life between 1933 and 1980 — and is far superior to the one that has prevailed since.
Biden’s democratic capitalism is neither socialism nor “big government.” It is, rather, a return to an era when government organized the market for the greater good.
The Great Crash of 1929 followed by the Great Depression taught the nation a crucial lesson that we forgot after Reagan’s presidency: markets are human creations. The economy that collapsed in 1929 was the consequence of allowing nearly unlimited borrowing, encouraging people to gamble on Wall Street, and permitting the Street to take huge risks with other people’s money.
Franklin D. Roosevelt and his administration reversed this. They stopped the looting of America. They also gave Americans a modicum of economic security. During World War II, they put almost every American to work.
Subsequent Democratic and Republican administrations enlarged and extended democratic capitalism. Wall Street was regulated, as were television networks, airlines, railroads, and other common carriers. CEO pay was modest. Taxes on the highest earners financed public investments in infrastructure (such as the national highway system) and higher education.
America’s postwar industrial policy spurred innovation. The Department of Defense and its Defense Advanced Research Projects Administration developed satellite communications, container ships, and the internet. The National Institutes of Health did trailblazing basic research in biochemistry, DNA, and infectious diseases.
Public spending rose during economic downturns to encourage hiring. Antitrust enforcers broke up AT&T and other monopolies. Small businesses were protected from giant chain stores. Labor unions thrived. By the 1960s, a third of all private-sector workers were unionized. Large corporations sought to be responsive to all their stakeholders.
But then America took a giant U-turn. The OPEC oil embargo of the 1970s brought double-digit inflation followed by Fed Chair Paul Volcker’s effort to “break the back” of it by raising interest rates so high that the economy fell into deep recession.
All of which prepared the ground for Reagan’s war on democratic capitalism. From 1981 onward, a new bipartisan orthodoxy emerged that markets functioned well only if the government got out of the way.
The goal of economic policy thereby shifted from the common good to economic growth, even though Americans already well-off gained most from that growth. And the means shifted from public oversight of the market to deregulation, free trade, privatization, “trickle-down” tax cuts, and deficit reduction — all of which helped the monied interests make even more money.
The economy grew for the next 40 years, but median wages stagnated, and inequalities of income and wealth surged. In sum, after Reagan’s presidency, democratic capitalism — organized to serve public purposes — all but disappeared. It was replaced by corporate capitalism, organized to serve the monied interests.
**
Joe Biden revived democratic capitalism. He learned from the Obama administration’s mistake of spending too little to pull the economy out of the Great Recession that the pandemic required substantially greater spending, which would also give working families a cushion against adversity. So he pushed for and got the giant $1.9 trillion American Rescue Plan.
This was followed by a $550 billion initiative to rebuild the nation’s bridges, roads, public transit, broadband, water, and energy systems. He championed the biggest investment in clean energy sources in American history — expanding wind and solar power, electric vehicles, carbon capture and sequestration, and hydrogen and small nuclear reactors. He then led the largest public investment ever made in semiconductors, the building blocks of the next economy. Notably, these initiatives were targeted to companies that employ American workers.
Biden also embarked on altering the balance of power between capital and labor, as had FDR. Biden put trustbusters at the head of the Federal Trade Commission and the Antitrust Division of the Justice Department. And he remade the National Labor Relations Board into a strong advocate for labor unions.
Unlike his Democratic predecessors Bill Clinton and Barack Obama, Biden did not reduce all trade barriers. He targeted them to industries that were crucial to America’s future — semiconductors, electric batteries, electric vehicles. Unlike Trump, Biden did not give a huge tax cut to corporations and the wealthy.
It’s also worth noting that, in contrast with every president since Reagan, Biden did not fill his White House with former Wall Street executives. Not one of his economic advisers — not even his treasury secretary — is from the Street.
The one large blot on Biden’s record is Benjamin Netanyahu. Biden should have been tougher on him — refusing to provide him offensive weapons unless Netanyahu stopped his massacre in Gaza. Yes, I know: Hamas began the bloodbath. But that is no excuse for Netanyahu’s disproportionate response, which has made Israel a pariah and endangered its future. Nor an excuse for our complicity.
***
One more thing needs to be said in praise of Joe Biden. He did something Donald Trump could never do: He put his country over ego, ambition, and pride. He bowed out with grace and dignity. He gave us Kamala Harris.
Presidents don’t want to bow out. Both Richard Nixon and Lyndon Johnson had to be shoved out of office. Biden was not forced out. He did nothing wrong. His problem is that he was old and losing some of the capacities that dwindle with old age.
Even among people who are not president, old age inevitably triggers denial. How many elderly people do you know who accept that they can’t do the things they used to do or think they should be able to do? How many willingly give up the keys to their car? It’s not surprising he resisted.
Yet Biden cares about America and was aware of the damage a second Trump administration could do to this nation, and to the world. Biden’s patriotism won out over any denial or wounded pride or false sense of infallibility or paranoia.
For this and much else, we thank you, Joe.
I suppose…
“LIVE: Joe Biden Steals Nomination Back From Kamala, Gives It To Hillary, Takes It Back Again by Rebecca Schoenkopf
“Night 1 of the DNC! Shenanigans? Read on Substack
“OK we don’t know if that’s gonna happen but tonight Joe Biden speaks at the DNC, and also Hillary Clinton, and Jason Isbell is performing, and you should watch it.”
(Video linked on the page)
Jess Piper went to a Harris-Walz rally in Omaha-here’s the scoop on the ground:
Chili, Cinnamon Rolls, and a Tim Walz Rally
Ope! A Midwestern Meetup.
Jess Piper Aug 18, 2024
You will be bombarded with folks reporting from the DNC in Chicago in the next few days, so I wanted to tell you about a rally in the heartland first. A rally that included so many rural and small town people. The Walz rally in Omaha. A midwestern meetup that made my day and gave me the hope that will sustain me until the election.
I was raised in the South…in Arkansas. It’s funny because the folks in the deep South always called into question the southerness of Razorback country. Now that I’ve been in Missouri for almost two decades, I notice that people struggle to define Missouri as a midwestern state or a southern state. That is likely owing to our past history with enslavement.
Missouri has an identity crisis. The southern half of the state seems to belong to the south…the northern part, where I live, is most definitely Midwestern. My neighbors use Jell-o and sugar and mayonnaise in so many recipes. That’s a dead giveaway.
Like Northwest Missouri, Nebraska is quintessential Midwestern. And so is Governor Tim Walz.
I had no trouble understanding the idioms and language of Tim Walz at the rally I attended in Omaha on Saturday. Friends, the rally felt like a big potluck. It was familiar and friendly and folksy and all the small-town adjectives.
It was just the feeling I need to get through the next 70-some-odd days…
The Astro Amphitheater in Omaha at capacity for the Walz rally.
I had a friend send over an email with the Walz rally information a few days ago, so I applied for a ticket and I made the list. I was told they ran out of tickets within 18 hours. And, you can see why…Tim Walz is from Nebraska and his home state was more than happy to invite him back.
The amphitheater had a chyron that said, ‘Welcome Back, Coach!”
I know Omaha fairly well as it is less than a two-hour drive and my family really enjoys visiting Old Market and downtown. I left my house around 7:30, but I didn’t get to Omaha until almost 10 because I stopped for gas, coffee, and some breakfast pizza at Casey’s. I had on my “Dirt Road Democrat” t-shirt which can garner some looks in small towns, but the lady at the Casey’s counter read my shirt and smiled. No comment necessary.
I drove to the amphitheater and found parking and then started the walk to the event space. I ran into a few folks who said, “Wait? Are you Piper for Missouri?” I kept thinking that I wish my kids were with me so they would know that I do more than Tik Toks for a living. This isn’t much of a flex…there aren’t many outspoken rural progressives so I kind of stick out.
As I stood in line, I talked to so many who had stories of the fear that red legislatures can instill and that the fear has simmered for years. The anxiety that comes from living like that is remarkable, but so is a new-found feeling of hope.
Hope in the man they were waiting to see. Governor Tim Walz.
The doors were to open at 11am, so I would be waiting for a while in the long line that was beginning to go all the way back to the field I had parked in.
While waiting in line, I was able to talk to a Nebraska librarian. She worked with others to gather signatures to keep vouchers out of the state and she spoke at length about the books legislators planned to ban — the pervasive feeling of fear when thinking about shelving books in Nebraska public schools. And then she beamed when talking about the feeling of hope that the Harris/Walz ticket brought.
I was able to meet a woman who was with her Moms Demand Action for Gun Sense group. I told her I was a member in Missouri and even started a rural group in which many of the members are gun owners. She said it was hard to keep folks interested in the cause and I know that first-hand, but the fact that Tim Walz is a sensible gun-owner who has a F-rating from the NRA, and stands proudly with those of us who just want to pass common sense gun laws, is a huge help. Common sense includes safe-storage and universal background checks. These are things that most gun owners agree with.
I talked to teachers and hospital administrators and union members and nurses and stay-at-home moms. There were t-shirts representing so many viewpoints. There were ally shirts and rural shirts and public education shirts and pro-choice shirts and Walz shirts.
There were smiles in line. There was no hate. There was no fear. There was hope.
I made it through security and my way inside the theater. The place was filling up quickly. I found a seat and the woman next to me told me she followed me on Twitter and lived outside Mount Ayr, Iowa. I drive through there all the time and even met with a group of about 30 Democrats there last year. She said she had to work or she would have come. She had on an “I’m Speaking” t-shirt. She’s rural. She’s an Iowan — you know the folks who are all supposed to be Trump voters?
I bumped into a friend working with the NE Dems who told me I could stand on the stage behind Walz. Yay! So, I got up and walked by lots of people with guns to the backstage where I could be one of the folks holding the sign, doing the smiling, and getting excited about everything a politician says. Well, I didn’t have to pretend to be enthusiastic. When Tim Walz came onstage with his wife, Gwen, and a former student, it was electric.
Governor Walz talked about rural spaces. He spoke about small towns and small schools. He introduced us to a few of his former high school classmates. He graduated with 24 people.
Walz told a joke about JD Vance likely thinking a Runza is a Hot Pocket. If you know, you know.
Walz talked about the midwestern school delicacy of chili and a cinnamon roll. We all laughed because it is a combination that we all ate in public school cafeterias. It’s a shared experience that we can all smile about.
Walz then spoke on the hurt that we experienced during a Trump presidency that seems like it was just yesterday. He talked of the hate and the discontent that oozed out with every policy and press conference. He reminded the crowd that we don’t have to go back. Trump can slip away into irrelevance. That Nebraska can return its progressive roots and elect Democrats up and down the ballot.
He spoke on abortion rights and feeding kids and health care and union wages and folks who have been left behind. Omaha could not get enough of his passion and good sense. He could barely speak at times because the theater was literally pulsing with cheers and applause.
He then spoke on something that I think about daily — public schools. As soon as he mentioned how important our educational system is to our country, the crowd erupted into a chant…
Teachers! Teachers! Teachers!
The place exploded and this is where I have to tell you that I nearly cried.
I was a teacher for 16 years and the last few were rough. I miss the kids, but the fact that everything became “political” was too much. Everything I taught could be deemed political…I taught a protest lit unit that was Board Approved and in my literature book, but I felt under the gun with each lesson.
The fact that this theater was filled with Nebraskans and Missourians and Iowans all chanting for public schools and teachers was heart-warming. I am called a “groomer” or a “pedophile” on social media at least a dozen times every day for opposing book bans and for my years in the classroom. The fact that there was so much love for teachers was uplifting. I am positive the current teachers in the theater left feeling they could start this year with something that has been missing in red states…hope.
My aim with telling you about this rally is to help you understand what is happening in small towns and rural parts of the country right now. Omaha is not a rural space, but most of the immediate surrounding areas are. I drove through two hours of cornfields to arrive at the event and so did so many others.
I wrote in another post that the vibes have changed since Joe passed the torch…it remains true and even more so.
I’ll leave you with this: I passed a homemade sign in Ringgold County, Iowa the other day. The entire county has less than 5,000 residents. The sign was planted in the yard of an old farmhouse next to a cornfield. They put duct tape over “Biden” and had written “Kamala” in Sharpie on an old Biden/Harris sign. I travel this route monthly, and have for years, and I never saw the original sign in the yard. I’m pretty sure they didn’t have it out in 2020.
That means something, friend. It’s enthusiasm. It’s hope. It’s rural and small town folks coming around. LFG.
~Jess
“This Has Been Going On And On”: CNN Cuts Away From Donald Trump Press Conference As Former President Makes Marathon Opening Statement — Update
It’s a start! The reporting is not as honest and full as Heather Cox Richardson’s and the Pod Saves guys that Tengrain posts, but still, it’s a start.
By Ted Johnson, August 15, 2024 3:01pm
UPDATE: Donald Trump defended his personal attacks on Kamala Harris, despite some suggestions from allies that he focus on issues of the economy and the border.
“I think I am entitled to personal attacks,” Trump told reporters at a press conference at his golf club in Bedminster, NJ. “I don’t have a lot of respect for her.”
Trump noted that Harris and her running mate, Tim Walz, have been engaged in their own personal attacks, calling him and JD Vance “weird.”
The press conference appeared to be a Trump campaign effort to get the candidate to do a bit of a reset. For the first 50 minutes or so, Trump read from notes, hammering Harris on the economy as well as the border and crime. Behind him were props of household goods, designed to emphasize the rise in prices during the Biden administration.
But Trump often meandered into different subjects. A reporter asked him about reports that Harris will propose new restrictions on price gouging, something that conservative critics already have decried as price controls. Trump briefly chided Harris for the proposal, before then quickly moving to her position on fracking.
At another moment, Trump got in a swipe at CNN‘s Chris Wallace. “Not the father. There’s no resemblance between him and Mike Wallace, that I can tell you.”
Nikki Haley, Trump’s GOP primary rival who has since endorsed him, said earlier this week on Fox News that he should focus on issues. Trump said that he appreciated her advice, but “I have to do it my way.”
Fox News stayed with the remarks and the press conference. CNN carried the initial 30 minutes of remarks, cut away and then returned when Trump started to take reporters’ questions. The network cut away again about a half hour later. MSNBC skipped the press conference altogether.
PREVIOUSLY: Donald Trump opened his latest press conference by delivering an opening statement that went on … and on.
After 30 minutes, CNN cut away.
CNN’s Wolf Blitzer told viewers, “We’re continuing to monitor the former president of the United States. He’s still with his so called opening statement that’s been going on well more than a half an hour, close to 40 minutes already…This has been going on and on.”
(snip-More)
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