A Rough Guide to the 12 Intelligence Officials Who Condemned Trump for Revoking John Brennan’s Security Clearance
Chutzpah!
Read more...Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.
Chutzpah!
Read more...Turkey is already deep in debt, and all the U.S. is offering is a doubling of sanctions and more insults.
Read more...Today’s Water Cooler: China and LNG, NAFTA, Warren and co-determination, campaign advertising, Russia probe, Brennan, leading indicators, consumer sentiment, complex information
Read more...Today’s Water Cooler: NAFTA, Warren on Yemen, Democrats, Manafort, Brennan, young voters, Shay’s Rebellion, business outlook, housing starts, retail, shipping, containers, CEO pay, relocation, akrasia, Aretha Franklin
Read more...Today’s Water Cooler: China trade, Warren’s corporate governance proposal, midterms, productivity, inventories, retail, Elon Musk, UPS contract, infrastructure, economic anxiety, cash
Read more...Today’s Water Cooler: Tariff equilibria, Avenatti in Iowa, Pelosi, midterms, Wesley Bell, Strzok, paper ballots, antifa, small business optimism, single payer, out-of-network billing, collections, rain forests
Read more...Today’s Water Cooler: NAFTA, Seth Moulton, Trump in NY-21 and NY-22, capital spending, shipping, Google’s dark patterns, capacity constraints, smart cities, ayahuasca
Read more...Today’s Water Cooler: NAFTA, tariffs and fish, China trade, Avenatti 2020, midterms, consumer prices, oil, Mr. Market, the press and intelligence, heat, habits, the mind
Read more...By Lambert Strether of Corrente. Trade “Hope Is Not a Plan: The Myth of American Manufacturing” [Industry Week]. “In building a case for an American manufacturing renaissance, economists cite increasing productivity, cheap natural gas, and rising value-added figures to show that manufacturing is in good shape and will get better. Some of these positivists [sic] […]
Read more...Today’s Water Cooler: China trade, Deval Patrick, reports from yesterday’s midterms (especially OH-12), “Witch Hunt,” consumer credit, 3D printing, Lada, International Cat Day
Read more...Today’s Water Cooler, including today’s primaries, the Koch brothers, liberalism and cruelty, job openings, shipping, Amazon, Tesla, Appalachia, brain twisters, Maine “Sea Goddess” dethroned.
Read more...Yes, the Democrat Party really is split.
Read more...By Lambert Strether of Corrente. I’m off to the optometrist’s this afternoon! –lambert Trade https://www.scmp.com/business/global-economy/article/2157320/factories-shift-out-china-avoid-trade-war-boosting-volume “China said it’s [hitting $60 billion worth of U.S. exports with new tariffs] ‘because the U.S. side has repeatedly escalated the situation despite the interest of both enterprises and consumers’ and it must ‘[a]defend the country’s dignity and the interests […]
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