Tag Archives: 2016 Election

Hillary Isn’t Bill, Economically Speaking

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Even more than usual, coverage of this year’s election has been light on issues and heavy on nonsense. It would be great if there were more articles like this one by Mike Konczal for VOX: “The ‘New Liberal Economics’ Is the Key to Understanding Hillary Clinton’s Policies”.

He begins: 

The Great Recession and its aftermath shattered the policy consensus on economics. What would come next? It’s taken a while, but we’re witnessing the emergence of an important new vision.

He dubs this new vision the “new liberal economics” and says it’s based on these three principles:

— Inequality is not a regrettable but inevitable byproduct of an efficient economy, nor a temporary, self-correcting trend. It’s driven by policy choices, and new choices can make a difference.

— The economy will not simply bounce back from any weaknesses, as was assumed under Alan Greenspan’s Great Moderation. Rather, there are deep structural problems that include a global savings glut and unwillingness by US companies to make investments.

— “Nudging” the private market is not always the best way to deliver core goods and economic security. Deploying government services directly can be more effective.

After discussing these three principles in detail, Konczal argues that Hillary Clinton has formulated an “agenda in light of the Great Recession and the policy revolution [that] energetically incorporates these ideas”. He specifically mentions her proposals to:

  • Regulate financial activities “more broadly”;
  • Increase taxes on top earners;
  • Strengthen antitrust enforcement;
  • Put limits on drug prices;
  • Appoint members of the Federal Reserve board who will treat full employment as one of its primary goals;
  • Reduce corporate America’s fixation on quarterly earnings instead of long-term investment;
  • Initiate a long-needed $275 billion infrastructure plan;
  • Expand Social Security for poorer retires while resisting any cuts to the program;
  • Make all public colleges free for most American families;
  • Add a Medicare-like public option to the health care exchanges;
  • Support paid family and medical leave for all new parents.

Clinton’s many proposals remind me of the book her husband and Al Gore published back in 1992. It was called Putting People First and covered in detail many of the policies Clinton and Gore pursued in office. That was an exciting time to be a Democrat, because we finally had a Democratic President after 12 years of Reagan and the first Bush. We also had a Democratic Congress that worked with the new administration, an important benefit Clinton and Kaine probably won’t have.

But it’s still exciting to think about what a Clinton/Kaine administration might accomplish. Hillary Clinton is a very bright person who understands that America is different than it was in 1992. There’s more inequality, too many people in jail and welfare reform needs reforming. That’s why her agenda is more progressive than her husband’s was. The Republicans will resist, but President Hillary Clinton will do whatever she can to bring us and drag them into the 21st century.

The Clinton campaign’s many, many Issues pages begin here.

Paul Krugman Is Very Often So Damn Sensible

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Okay, this isn’t specifically about Hillary Clinton’s goodness, but sometimes Paul Krugman says something so important, everybody in America ought to hear him speak.

His new blog post is in the context of Trump’s neo-birther performance yesterday, described so well in the brilliant words of journalist Greg Sargent:

Donald Trump once again urinates on the cable [networks], and once again they hold out cups to catch the precious fluids.

Prof. Krugman:

But the print media appear to have finally found their voice (which may shape cable coverage over time). The Times and the AP, in particular, have put out hard-hitting stories that present the essence in the lede, not in paragraph 25.

What’s so good about these stories? The fact that they are simple straightforward reporting.

First, confronted with obvious lies, they don’t pretend that the candidate said something less blatant, or … views differ on shape of planet — they simply say that what Trump said is untrue, and that his repetition of these falsehoods makes it clear that he was deliberately lying.

Second, the stories for today’s paper are notable for the absence of what I call second-order political reporting: they’re about what Trump said and did, not speculations about how it will play with voters.

Doing these things doesn’t sound very hard — but we’ve seen very little of this kind of thing until now.

Please read the whole thing here. It’s a blog entry, so it’s short (and very sweet).

Torn and Then Resolved

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As someone said to me recently, it’s obvious that Trump is an asshole and a thug. It should be obvious to everyone.

With 53 days until the election, therefore, I’m torn between:

(1) Keeping in mind that millions of Americans are comfortable with the idea that a person as horrific as Trump should or will be President and continuing to take note of that fact;

or

(2) Keeping in mind that millions of Americans are comfortable with the idea that a person as horrific as Trump should or will be President and simply accepting that fact.

Option (1) sounds more painful for me personally and for anyone who reads this blog. And unlike Trump, I’ve got a conscience, so causing less pain may be the better choice. But if I pick option (2), I’ll probably be ashamed of myself. Unlike Trump, I’ve got a conscience.

While I decide what to do, here are two recent developments worth considering [Preview: I’m dumping (1) and (2) and going for option (3)!]:

The journalist Kurt Eichenwald wrote a long article for Newsweek about the Trump Organization. He points out that Trump hasn’t done any real estate development in years. Instead, he trades on his celebrity by licensing his name all over the world. The Trump Organization isn’t a real estate development company at all. Trump does own property, but much of the property with Trump’s name on it belongs to someone else.

The Trump Organization prospers by allowing actual real estate developers and other business people to put Trump’s name on their products, often in countries we don’t get along with. In addition, the details of these continuing transactions aren’t part of the public record, since the Trump Organization is privately held.

Through his company, Trump has important financial connections to businessmen, often politically connected and often shady, even criminal, in countries all over the world, including Russia, China, India, Turkey, the United Arab Emirates and Dubai. In Newsweek‘s words:

If Trump moves into the White House and his family continues to receive any benefit from the company, during or even after his presidency, almost every foreign policy decision he makes will raise serious conflicts of interest and ethical quagmires.

Every time President Trump makes a decision affecting any country in which his company does business, the questions will be: How does that decision affect his business interests? Did Trump receive a payoff in order to make that decision? Are America’s foreign policy and national security for sale on the international market?

In theory, Trump could sever all ties to the Trump Organization and never again derive any income from it. But he doesn’t intend to do that. He’s said his family will run the business while he’s publicizing his name from his perch in the White House. He may even operate a reality TV show from the Oval Office (he’s actually talked about this). Then, when he leaves office, his name will be bigger than ever. Eichenwald concludes:

If the company sold its brand in Russia while Trump was in the White House, the world could be faced with the astonishing sight of hotels and office complexes going up in downtown Moscow with the name of the American president emblazoned in gold atop the buildings….

Never before has an American candidate for president had so many financial ties with American allies and enemies, and never before has a business posed such a threat to the United States. If Donald Trump wins this election and his company is not immediately shut down or forever severed from the Trump family, the foreign policy of the United States of America could well be for sale.

In other news, the entertainer Jimmy Fallon had Trump on his late-night talk show yesterday. Fallon mussed Trump’s hair and the news media went wild. Helping to make a monster seem like a human being will get Fallon a mention in the history books if Trump loses and get him a night in the Lincoln Bedroom if Trump wins. Fallon should be ashamed of himself, but he’s a child who has a TV program. He wants to be popular. Let’s hope he never lives this down, but more importantly, that he never gets anywhere near the Lincoln Bedroom. 

But seriously, Trump can’t win, can he? Even though millions of Americans are comfortable with the idea that a person as terrible as Trump should or will be our next President? I still believe there are enough decent, un-brainwashed Americans to elect Hillary Clinton. She’s got a superior organization, popular politicians campaigning for her, more money, the debates are still coming up and not a single newspaper has endorsed Trump, not even one in New Hampshire that’s endorsed every Republican for the past 100 years. Believe it or not, there are even millions of voters who are still undecided.

__________________________________________________________________________

I wrote almost all of that last night and then went to bed. On waking this morning, another option occurred to me that’s much better than (1) or (2):

(3) Keep in mind that millions of Americans are comfortable with the idea that a person as terrible as Trump should or will be President, but focus on Hillary Clinton’s admirable words, deeds and ideas instead, of which there are many.

For example, The Guardian‘s daily running coverage of the campaign quotes her speaking this morning before a black women’s group in Washington:

The good news is, my pneumonia finally got some Republicans interested in women’s health! … My instinct was, to push through it. That’s what women do every day… I think it is fair to say that black women have an even tougher road.

While your stories may not appear in the history books, you are changemakers, the pathbreakers and the ground shakers….

It goes to show that black women deserve more than a seat at the table. It’s past time that you had a chance to run the meeting….

I’m going to close my campaign the way I began my career all those years ago at the Children’s Defense Fund… I will be focused on opportunities for kids and families. The American people deserve something to vote for, not just against. 

African American women turned out to vote more than any other group of Americans in 2012. This year once again you have your hands on the wheel of history and you can write the next chapter of the American story. To rise up, but most importantly, to show up at the polls this November. With our power and strength. I know. I believe this or I would not be standing here before you… that together we can build a future, where yes, love trumps hate.

According to The Guardian, she was continuously applauded.

Lifting people up instead of tearing them down. What a concept for the politicians of America! And also for this humble blog.

He Says It In Fewer Words Than I Did

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But Charles Blow, op-ed columnist for The New York Times, is a (probably) highly-paid professional. He begins his column today recounting how Trump vigorously objected to “disabled veterans vending their wares on Fifth Avenue, home of Trump Tower”. Trump hated the idea that people like that were cluttering up the sidewalk in front of his fantastic building. He, the supposed friend of veterans, called the situation “very deplorable”. 

Mr. Blow continues:

….it does point to the staggering, unabashed hypocrisy of the man and the degree to which his entire campaign is engaged in an elaborate ruse of deflection — accusing his opponent of the very things of which he is guilty….

Trump has called Clinton “a world-class liar,” but there is no bigger liar than Trump himself — just look at PolitiFact. The man is pathological.

Trump attacks Clinton for a lack of transparency, but this is the same man who has yet to release his tax returns, something every major party nominee in modern American politics has done. And he is telling a flat-out lie about why he can’t do it.

Trump calls Clinton “crooked,” but this is the same man who — along with his businesses — has been sued more than 1,300 times.

This is the same man who is at this moment the subject of three class-action lawsuits over the sham that was Trump University — two cases in California and one in New York.

Trump calls the Clinton Foundation the “most corrupt enterprise in political history,” but this is a man who donated $100,000 to the Clinton Foundation.

This is a man whose own foundation, the Trump Foundation, has recently been accused in news reports of breaking the law by being used essentially as a political slush fund….

Trump clearly understands that in politics, it is far better to be on offense than defense, but his offense is ultimately offensive because he is pointing out a perceived — or even concocted — flaw in another person to distract from the very same flaw in himself.

You might call the strategy masterly if it were not also maleficent, if the future of the country were not on the line, and if this country’s standing in the world were not on the line.

It cannot be said often or loudly enough: Donald Trump is the worst kind of person who brings out the worst in other people.

Now it’s true Mr. Blow didn’t offer as many details of Trump’s nefariousness as I did yesterday, but give him credit. He has editors. And space limitations. And knows how to write!

Proving that he’s his father’s son, D. Trump Jr. shared these thoughts today:

The media has been [Clinton’s] number one surrogate in this. Without the media, this wouldn’t even be a contest, but the media has built her up. They’ve let her slide on every indiscrepancy [sic], on every lie, on every DNC game trying to get Bernie Sanders out of this thing. If Republicans were doing that, they’d be warming up the gas chamber right now.

I have no idea why he brought a gas chamber into the discussion, but the rest of this statement represents an amazingly accurate description of how the media built up his father by giving him wall-to-wall coverage for months and months, rarely challenging the barrage of lies, hatred and nonsense he was spewing. It’s clear that Trump Jr. is himself a talented projectionist, just like Daddy.

In Case You Missed the Samantha Bee Videos

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From the Facebook page for Occupy Democrats:

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That’s a quote from her Full Frontal program. The video is available here.