By this weekend I expect the Inflation Reduction Act of 2022 will have passed the House and been signed into law. On right wing media a plethora of disinformation will be disseminated telling us that the sky is falling because the Democrats spent too much money. In mainstream and left leaning media the message will be that the legislation will solve many of our problems. As usual, one portrayal will be much, much closer to reality. Today I want to bring light to a somewhat lost “battle within the battle”.
Tag Archives: carried interest
Yellin’ For Yellen
In sports to a large degree a coach is only as good as their players. Politics is similar. Joe Biden is the new “coach” and he has assembled some great talent around him. His Treasury Secretary is Janet Yellen. While the former guy had a Wall Street C-lister with a trophy wife at Treasury; Biden has one of the world’s best economists. Saturday the difference showed and it was the beginning of a win for America. Continue reading Yellin’ For Yellen
Turn Populism Into Equitable Prosperity
President Biden’s infrastructure proposal is very popular with the American people. Surveys show that when it is coupled with the plan to finance it by increasing taxes on the wealthy it is even more popular. How often do you find support for tax increases? Donald Trump won in 2016 in part by riding a populism wave. Trump turned out to be anything but a populist but he fooled enough people for at least a few months. Here is the important point: couple those two facts together and I have most of the answer to the question: How are we going to pay for new programs?
That’s Nice; Now What Do We Do With It?
Monday Chuck Schumer got a Dyngus Day gift. (OK, it had nothing to do with Dyngus Day but where else do you hear about that holiday?) The Senate Parliamentarian ruled that reconciliation could be used three more times during this Congress instead of the once more that was generally assumed. I’m not going to get into the weeds of her reasoning; instead, I’m going to try and guess how the Democrats might use it.
Trump Is Today’s GOP
Ever since I was a little boy growing up in suburban Buffalo, New York the Fourth of July, as we called it, was my favorite holiday. The boy can age into an old man and you can move him to another part of the country but in my case the favorite holiday hasn’t changed. Today I want to invite you along for a bit of fiction based on contemporary American politics.
Please note: The following is a work of political fiction. Continue reading Trump Is Today’s GOP