RJ Eskow: This deal doesn’t get it right. But it’s worth considering what a well-constructed bailout program would look like—both to set the terms of the debate, and in anticipation of future bailout needs.
RJ Eskow: Certain words and phrases are routinely used by “centrist” political candidates. By design, these terms are imprecise, emotionally charged, and often self-contradicting.
RJ Eskow: If 44 million student debt holders are relieved of their debt burden, they will have more money to spend each month for food, entertainment, and other purchases.
RJ Eskow: For one thing, her numbers don’t work. And her plan has an overarching, fatal flaw: It relies on the benevolence and good intentions of America’s health insurers.
RJ Eskow: The Omar/Sanders proposal, with its full and universal cancellation for tens of millions of people trapped by student debt, gives us an opportunity: to re-examine our social contract, our awareness of the public good, and our fundamental ideas about equity and fairness.
RJ Eskow: The “frenemies” argue that people don’t picture the Sanders/Jayapal plan when they tell pollsters they support Medicare for All.
RJ Eskow: The Democratic Party’s fixation on “paying for” every new initiative may have been its greatest blunder of the last thirty years.
Roger Lowenstein challenged the widely-held opinion that Lloyd Blankfein, outgoing CEO of Goldman Sachs, is a bad person who has done a great deal of harm to the economy. In this case, the wisdom of crowds got it right.
RJ Eskow: Geithner made some (presumably unwelcome) news last week when it was reported that Warburg Pincus, the financial firm he now helms, is in the words of one employee, “monetizing poor people.”
RJ Eskow: The message should have been clear: Democratic “centrism” – an economic ideology that is further right than public opinion on many key issues – is not the way to win or keep political power.
RJ Eskow: Our country’s economic condition is fragile, and the next recession could be catastrophic. Why, under these conditions, would the people entrusted with our economy decide to make things more dangerous?
RJ Eskow: In the survey’s most striking finding, 61 percent of Millennial Democrats polled – nearly two-thirds – expressed favorable views of socialism.
RJ Eskow: The court’s conservatives are now an openly partisan cadre. They’re political operatives, not jurists. They’re part of a vast and well-funded Republican machine that seeks to screw American workers so it can further enrich its wealthy patrons.