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?

Continue reading Turn Populism Into Equitable Prosperity

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.

Continue reading That’s Nice; Now What Do We Do With 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

An Early Question Answered?

Early in the 2016 presidential campaign (back in 2015 to be accurate) a popular question was: Why is Donald Trump running? I subscribed to the theory that the run was a publicity stunt. I’m still not convinced that the whole thing wasn’t a publicity stunt that got out of hand. If so, the question morphs into: Why did he continue to run? I think I may have that figured out. The short answer is greed and that is measured in money. Let’s explore my theory. Continue reading An Early Question Answered?