Ever since Elon Musk has offered to buy twitter, we’ve seen the world having divided opinions on this. But one thing is for sure that the Saudi Royal family is not happy about it. Saudi Prince Al Waleed Bin Talal has strongly opposed Elon’s $43 Billion offer to purchase. In response, Elon Musk just destroyed the prince and entire Royal Family when he asked 2 questions. Check out the video to find out what did Elon had to say!
How Democrats betrayed the working class by pursuing campaign finance parity with Republicans in the 1980s and 1990s.
Today’s Democratic elites see the professional/creative class as a “meritocracy”. They were unwilling to reign in Wall Street in 2008 and now because Wall Street is populated with their fellow Ivy League alumni and they identify with corporate leadership.
The day after Donald Trump was elected president, The New York Times recommended six books “for those trying to understand the political, economic, regional and social shifts that drove one of the most stunning political upsets in the nation’s history.” Among them: Thomas Frank’s Listen, Liberal: Or What Ever Happened to the Party of the People?
Frank, a Kansas City native, has followed up, embarking on a 13-city barnstorming tour to talk to Trump voters, union leaders, and progressive activists across the Midwest in conjunction with Listen Liberal’s release in paperback. On his last stop¬in Kansas City¬he discusses what he has learned.
This event is co-presented by Rainy Day Books. Frank discussed Listen Liberal at the Library in March 2016; you can view the video on YouTube, and you can find the book in the Library Catalog.
I’ll leave the savvy political analysis to others. I don’t know why Senator Joe Manchin apparently decided to go back on an explicit promise he made to President Biden. Naïvely, I thought that even in this era of norm-breaking, honoring a deal you’ve just made would be one of the last norms to go, since a reputation for keeping your word once given is useful even to highly cynical politicians. I also don’t know what, if anything, can be saved from the Build Back Better framework.
What I do know is that there will be huge human and, yes, economic costs if Biden’s moderate but crucial spending plans fall by the wayside.
Failure to enact a decent social agenda would condemn millions of American children to poor health and low earnings in adulthood — because that’s what growing up in poverty does. It would condemn millions more to inadequate medical care and financial ruin if they got ill, because that’s what happens when people lack adequate health insurance. It would condemn hundreds of thousands, maybe more, to unnecessary illness and premature death from air pollution, even aside from the intensified risk of climate catastrophe.
I’m not speculating here. There’s overwhelming evidence that children in low-income families who receive financial aid are significantly healthier and more productive than those who didn’t once they become adults. Uninsured Americans often lack access to needed medical care and face unaffordable bills. And studies show that policies to mitigate climate change will also yield major health benefits from cleaner air over the next decade.
As an aside, it’s not clear how many Americans realize the extent to which we’re falling behind other nations in terms of meeting basic human needs. For example, I still keep running into people who believe that we have the world’s highest life expectancy, when the reality is that we can expect to live between three and five fewer years than citizens of most European countries.
There are also, by the way, large and growing gaps between U.S. states. In 1979 life expectancy in West Virginia was only about 14 months shorter than in New York; by 2016 the gap had widened to six years. And yes, Manchin’s home state would benefit immensely from the social spending its Democratic senator seems determined to block.
The weakness of the U.S. social safety net also has economic consequences. It’s true that we still have high gross domestic product per capita — but that’s largely because Americans take far less vacation time than their counterparts abroad, which means that they produce more because they work more hours. In other ways we lag. Even before the pandemic, Americans in their prime working years were less likely to be employed than citizens of Canada or many European countries, probably in part because we don’t help adults stay in the work force by providing child care and parental leave.
But can we afford to make our lives better? One answer is that other rich countries seem to manage it just fine. Another answer is that Manchin’s objections to the proposed legislation evaporate under scrutiny.
Manchin asserted that the Congressional Budget Office determined that the cost of the bill is “upwards of $4.5 trillion.” No, it didn’t. That was a Republican-demanded estimate of outlays — not the considerably smaller impact on the deficit — under the assumption that everything in the legislation would be made permanent, which isn’t what the bill says. And if Congress did vote to extend programs like the child tax credit, it would probably also vote for revenue offsets. The budget office analysis of the legislation as actually written — which found it roughly deficit-neutral — is a much better guide to its likely fiscal impact than this rigged hypothetical.
As for Manchin’s claim that we have a “staggering” national debt, maybe it’s worth noting that federal interest payments as a percentage of G.D.P. are only half what they were under Ronald Reagan, and that if you adjust for inflation — as you should — they’re basically zero.
What about inflation? The proposed spending in Build Back Better is spread over multiple years, so it wouldn’t do a lot to raise overall demand in the near term — the first-year addition to the deficit would be just 0.6 percent of G.D.P., which isn’t enough to make much difference to inflation in any model I know. Besides, the Federal Reserve has just made it clear that it’s ready to raise interest rates if inflation doesn’t subside, so government spending should matter even less.
As I said, I’m not going to try to analyze Manchin’s thought processes, and I’ll leave it to others to speculate about his personal motives. What I can say is that the letter he released to explain why he said what he said on Fox News doesn’t read like a carefully worked-out policy statement; it doesn’t even read like a coherent ideological manifesto. Indeed, it feels rushed — a grab bag of Republican talking points hastily trotted out in an attempt to justify his abrupt betrayal and to portray himself as a victim.
Sorry, but no. America — not a senator who’s taking heat for a broken promise — is the victim in this story.
Watch the full episode here: https://novara.media/johnsonsbiggamble
In 2009, 60 Minutes interviewed Madoff Ponzi scheme whistleblower Harry Markopolos, who said he alerted the Securities and Exchange Commission of Madoff’s fraud starting in 2000.
Scary stumbling response here.
The hero’s of this generation are the villains of the next.
— Tyler Neville (@Tyler_Neville_) December 1, 2021
The whole “strict parent” metaphor is wrong. Regardless of whether they were strict or not, a good parent would protect their children from abuse, not “disappear” them and suppress legitimate cases of abuse.