a new Fed chair… maybe but probably not.
The usual handicapping for a new Fed Chair is happening, but likely it’s too early. Lael Brainard and William Spriggs would be front-runners. Jay Powell's term is up next February, when … Read More
Category: Recession
Anti-Capitalist Meet-Up: financialization and sandwich shop capitalism
Whether it’s soccer teams or sandwich shops, financialization was there before the pandemic, only making some of its supply-chain hijacking yet another example of an impending capitalist disaster. Re-regulation must remain … Read More
Economists reportedly 'giddy' about Biden's $3 trillion stimulus plan
Remember Infrastructure Week? It’s coming back—this time without an infrastructure weakling deflating the promise of a newly rebuilt America. Joe Biden is set to unveil his sweeping $3 trillion infrastructure … Read More
Conservative columnist excoriates the irresponsibility of the MSM at the Biden Press Conference
I was never a fan of Washington Post Conservative columnist Jennifer Rubin. But she nailed the Biden press conference as a waste of time even as he excelled irrespective of … Read More
One chart shows the dramatic difference between Biden's American Rescue Plan and the Trump tax scam
I still remember when Donald Trump got up in front of a throng of masochistic fools and said, of his plutocrat-friendly 2017 tax cut bill, “This is going to cost … Read More
Anti-Capitalist Meet-Up: the Climate Crisis has weak carbon markets and lagging technology
The sparse number of actual carbon capture and sequestration projects plus weak carbon markets amplify the problems of the climate crisis yet to be revisited, post-Trump. Two heartland examples in North Dakota and Texas show … Read More
Krugman: stagflation as ambitious macroeconomic policies and conservative ideas was wrong?
Let real wages (of $15+/hour) grow faster than labor productivity for some years, undoing the wage repression of the last decades. We have been misled by neoliberal economics for now … Read More
AntiCapitalist MeetUp: Climate Crisis, negative emissions technologies, and financialization
As Climate Crisis returns to the new US administration agenda, negative emissions technologies (NETs) may find their implementation hindered by neoliberal financialization. An earlier ACM story showed how Steve … Read More
Republican moderates offer lame 'compromise' COVID bill that's a third the size of Biden's proposal
Republicans are intimidated by the size of Joe Biden’s bills. Maine Sen. Susan Collins and a group of likeminded milquetoasts are balking at the $1.9 trillion COVID relief package Democrats … Read More
The deficit is back! For a limited time only!
Yeah, you knew this was coming. And it’s here — until the economy is drowned in a kiddie pool full of crocodile tears or a Republican is back in the White … Read More
![“Do you believe the [presidential] election was rigged?” non-answer by Loeffler blames socialism](https://i0.wp.com/thepoliticus.com/wp-content/uploads/2020/12/EoPrSr8XIAcoyWk.png?resize=477%2C324&ssl=1)
“Do you believe the [presidential] election was rigged?” non-answer by Loeffler blames socialism
Loeffler-Warnock debate for US Senate seat from Georgia. x Watch Sen. Loeffler's non-answer to the question: “Do you believe the [presidential] election was rigged?” pic.twitter.com/rAc7iwMvhj— The Recount (@therecount) December 7, … Read More
Trump's recession has a greater jobs deficit than at worst point of all previous postwar recessions.
Thankfully the new administration will steer the economy to a place quite unlike the disaster that Trump had pointed the nation. x Long-term unemployment is up 2.32 million since Sept … Read More
Despite McConnell and a hostile Supreme Court, Joe Biden will be known as the climate president.
The crises facing the country are severe — from a pandemic to an economic recession, climate change to racial injustice — and the transition team will continue preparing at full … Read More
The vindictive disabled canard could tank the economy in the next 11 weeks #TrumpDepression
It moves… there will still be monkey business even as one good sign has been put into place: x Good evening, one and all. Please note that the FAA has restricted the … Read More
Phoenix Trumpists chant “count the vote” as Detroit Trumpists chant “stop the vote”
Unhingery abounds on the path to the bunker. MSNBC reports that angry Trumpists are demonstrating at the Phoenix vote counting center (Maricopa County Elections Dept.) because Fox News called the … Read More
AntiCapitalist MeetUp: Après moi, le déluge. Schumpeter's gale, herd immunity as 'dangerous fallacy'
Larry Kudlow continues the underlying theme of Trumpian nihilism and its trickle-down contagion of pixie dust and pseudoscience. Trump continues to see his numbers decline as his campaign put him on … Read More
Obama calls out Trump for taking a claim to the Obama Economy handed to him.
Obama is speaking up about Donald Trump's claim to the economy both he and Biden worked to rebuild. He made it clear it is a farce. Obama made it clear … Read More
Is the Real a road too far, a zone flooded by disinformation.
There is a critical reality beyond the waiting for the “next two weeks” in which Trump has promised multiple times over the four years a plan for health care and a … Read More
Prominent GOP pollster: Trump's campaign 'the worst I've ever seen'
Oh, and his advisers “have their heads up their asses” — but I didn’t want to put that in the headline because this is a family-friendly column … so long as … Read More
'This election's a choice between a Trump-strong-powerful-beautiful recovery and a Biden depression'
Trump will continue to make the pandemic-enhanced recession worse, as Trump suggests he'd leave the country. Unlawful Flight to Avoid Prosecution – Title 18 US Code 1073: x I don't think … Read More
Quinnipiac Poll Has Joe Biden Beating Trump 48-47 In Ohio
Some very encouraging news today out of Ohio courtesy of Quinnipiac University’s latest poll: OHIO: PRESIDENTIAL RACE The race for the White House in Ohio remains essentially tied, as likely … Read More
one kiss from Trump could be worth $80 million in COVID infection
Harvard economists estimate the cumulative financial costs of the COVID-19 pandemic. The fiscal conservatives' pandemic cost $16 Trillion for the US, about 90% of the country's GDP. If anything, you’d think … Read More
AK-Sen: HuffPost, “A Secret Recording Of Mining Executives Is Shaking Up The Alaska Senate Race”
First, from The Washington Post: Mining executive Tom Collier, who boasted in secretly taped conversations that he had leveraged his ties to Republican officials to advance a controversial project in … Read More
Trump's Operation SeaLion economy versus Biden creating 66% more jobs in next 4 years
A new analysis by Moody’s Analytics definitively demonstrates to those predisposed to conventional economic analysis that Trump is a loser, especially in terms of the economy. Biden’s economic plans aren’t … Read More
“I say we take off and nuke the entire site from orbit.” No. We still vote, GOTV, for democracy.
More Trump attention-seeking shtick has happened. He’s threatened to refuse to transfer power. That could really happen because he’s nuts and even if he only represents an anti-democratic 25% of the US … Read More
90 minute debate in six parts, Trump will fail because bluster and bull aren't a October Surprise
The toast is not yet burnt. Trump will need to win all three events. Won’t happen because all Trump has are bizarre lies and falsehoods. x One week from today, … Read More
Trump, in Ohio, calls Biden a communist, because of “super-duper, hydrosonic” missiles
Trump's in Ohio today, trying distract us from knowing that the Manhattan DA has grounds to prosecute Trump and his business on these grounds: -Scheme to Defraud -Falsification of Business Records … Read More
What could the Trump Coup d'état look like without a Biden landslide
GOTV and get a Biden landslide. x The Coming Biden Landslide https://t.co/DB0UYBnxoU pic.twitter.com/ePYMFI9YNi — #TheResistance | Vote Early And Use A Ballot Box (@SocialPowerOne1) September 13, 2020 With a few … Read More
Things go better with Coca Cola, except under the Donald's response to Covid.
Well while Wall Street is rolling in the money now, things are about to change. Coca-Cola will eliminate thousands of jobs in the U.S. and abroad, the company said Friday. … Read More
OR-Sen: Sen. Jeff Merkley (D) Keeps Up The Call To End The Filibuster When Dems Have The Majority
Received this e-mail today from U.S. Senator Jeff Merkley’s (D. OR) U.S. Senate campaign: Here's the cold, hard truth: even if a blue wave gives us control of the Senate … Read More
Trump is only 62% fascist or 29 Benitos short of a dictatorship
WaPo published an update to the estimation of whether Trump was more than a rhetorical trope as a fascist, or more of an actual, historical fascist. 29 more “Benitos” to go, … Read More
Let's not let the perfect be the enemy of the good: fossil-fuel subsidies are still in trouble
Trump has pimped for the fossil fuel industries because it’s still about money, just like dialing back some election promises in order to reinstate them after election day. Because the … Read More
Pence says Trump created more jobs in three months than Obama did in eight years … uh, what?
Does this kind of argument work with anyone? The guy whose administration has overseen the destruction of millions of total jobs is bragging about the number of jobs created in the … Read More
Paul Begala: Democrats can seal the win with Social Security
Democratic political consultant Paul Begala appeared on This Week with a message Democrats better heed. Trump made Social Security a winning Democratic hand. Paul Begala gets it, Social Security at risk. Watch … Read More
Another Trump Presser: without a case of the claque, Trump still wants to kill social security
Started at 547pm ET Apparently like the Germans and Pearl Harbor, for Trump, the second World War ended in 1917. x YouTube Video Trump starts with more disinformation using a … Read More
another idiotic Trump presser at the 19th hole: more lies in advance of killing social security
Another stunt to keep Trump in the news on a Saturday, because he’s losing. Yesterday’s presser at his golf club was such a joke, this one shouldn’t even be covered, … Read More
SC-Sen: Tom Steyer Keeps Up The Momentum To Help Jaime Harrison (D) Defeat Lindsey Graham (R)
Recieved this e-mail yesterday from former presidential candidate, businessman Tom Steyer (D. CA), in support of Jaime Harrison’s (D. SC) U.S. Senate campaign: Jaime Harrison (D. SC) South Carolinians are … Read More
Trump Presser: aside from all the American deaths, there have been fewer American deaths
Today’s takeaway from another presser that this time was an hour late: Trump thinks the massive fertilizer explosion in Beirut was an attack, Trump gathered new data to try to … Read More
From Great Recession to Trump Disaster, because if you're anti-mask, you're pro-surveillance.
The weird have turned pro, but the advantage of mask-wearing is the disruption of facial recognition software without having to use geometric pattern disruption makeup or wearing special glasses. The … Read More
Is it rude to throw this quote from Trump's 2015 campaign launch back in his face?
I vividly remember Donald Trump’s campaign kickoff speech at Trump Tower on June 16, 2015 — a day which will live in imbecility. I recall that Trump seemed congenitally incapable of … Read More
MSNBC's Ali Velshi gives a dark view as our Democracy begins to fade into Fascism.
Ali Velshi recently articulated the state of our current democracy that seems to be transitioning to a form of fascism. It is an important piece to watch. Ali Velshi lays … Read More
Joe Biden Builds Momentum & Public Support For His Buy American Plan
Received this e-mail from former Vice President Joe Biden’s presidential campaign: Make no mistake: America has been knocked down. The unemployment rate is higher than it was in the Great … Read More
Joe Biden scorches Trump in the most effective manner
Joe Biden was very effective in his speech today as he scorched President Trump for his failure on COVID-19 and the economy. Joe Biden called out Trump perfectly x x … Read More
“rally round the family, with a pocket full of shells” Trump wants a pandemic-denying race war
The winning formula is based on multiple distractions because even Trump’s daily brief seems to now have become a hoax. The problem in any time of iconoclasm, waging a propaganda war at … Read More
Oklahoma Voters Apparently Pass Medicaid Expansion in Major Rebuke to Republicans
elections.ap.org/… The Associated Press has called a narrow victory in a vote to expand Medicaid by constitutional amendment in Oklahoma, one of the most Republican states. With all precincts reporting, the vote … Read More
AZ-Sen: MSNBC, “McSally (R), Trump haunted by their records on pre-existing conditions”
She can’t stop getting caught lying: Sen. Martha McSally released a TV ad for her campaign in which she says, “Of course I will always protect those with preexisting conditions. … Read More
AntiCapitalist MeetUp: government deficit is a myth in the eyes of Modern Monetary Theory
Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that … Read More
MA-Sen: Rep. John Lewis (D. GA) Helps Rep. Joe Kennedy III (D) Win His Primary
Received this e-mail yesterday from Civil Rights hero, Rep. John Lewis (D. GA-05), in support of Rep. Joe Kennedy III’s (D. MA-04) U.S. Senate campaign: Rep. Joe Kennedy III (D. … Read More
NC-Gov: Sen. Kirsten Gillibrand (D. NY) Refuses To Let Trump Take Down Gov. Roy Cooper (D)
Received this e-mail today from former presidential candidate, U.S. Senator Kirsten Gillibrand (D. NY) in support of Governor Roy Cooper’s (D. NC) re-election campaign: Gov. Roy Cooper (D. NC) We’re … Read More
Trump, the superspreader, going to Oklahoma because chaos will re-elect him
There are now 119,000 deaths to date and 2.2 million cases of COVID-19 in the US. Trump will likely blame the virus superspread event in Tulsa on protesters, as the … Read More
