Monday Night time Owls. Reich: With Trump out, will the U.S. lastly bury Reaganism?

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The primary is the supposed omnipresent hazard of inflation and the accompanying fear that public spending can simply overheat the economic system.

Garbage. Inflation hasn’t reared its head in years, not even through the roaring job market of 2018 and 2019. “Overheating” could not even be an issue for globalized, high-tech economies whose items and providers are so simply replaceable.

Biden’s formidable plans are well worth the small threat, in any occasion. When you hadn’t seen, the American economic system is turning into extra unequal by the day. Bringing it to a boil could be the solely strategy to elevate the wages of the underside half. The hope is that document low rates of interest and huge public spending generate sufficient demand that employers might want to increase wages to search out the employees they want.

A couple of Democratic economists who ought to know higher are sounding the false alarm about inflation, however Biden is properly ignoring them. So ought to Democrats in Congress.

One other conservative bromide is {that a} bigger nationwide debt crowds out non-public funding and slows progress. This view hamstrung the Clinton and Obama administrations as deficit hawks warned in opposition to public spending unaccompanied by tax will increase to pay for it. (I nonetheless have some previous accidents from these hawks.)

Happily, Biden isn’t shopping for this, both.  […]

THREE OTHER ARTICLES WORTH READING

Meet the Undercover Anti-Fascists, by Andy Kroll. Embedded with the group of anti-fascist researchers and activists who infiltrate and expose Proud Boys, neo-Nazis, militias, and different members of the violent far proper.

The inside story of how the Pentagon blocked efforts to end the Iraq War, by Matthew Petti

‘Lazy,’ ‘Money-Oriented,’ ‘Single Mother’: How Union-Busting Firms Compile Dossiers on Employees, by Lauren Kaori Gurley. Leaked information from IRI Consultants, a prime union avoidance agency employed by Google, present the way it collects knowledge on employees’ character, motivations, and work ethic to bust unions.


TOP COMMENTS RESCUED DIARIES

TWEET OF THE DAY

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QUOTATION

”I do know what it’s wish to be on meals stamps and to piece collectively well being look after my daughter and me. I had plenty of experiences that would assist my district. On daily basis, People go hungry or can’t get well being care. To not point out those that are homeless, or veterans who aren’t getting the assistance they want. We have to battle on behalf of all of the folks on this nation. The extra folks now we have in workplace who can relate to issues that occur on daily basis to People, the higher off we’ll be.”
     
  ~~Rep. Debra Haaland, “Native People Take Energy”  (February 2019)


BLAST FROM THE PAST

On this date at Day by day Kos in 2018—EPA, researchers, congresswoman search to protect truck-makers from rule to manage killer air pollution: 

They name them “gliders.” They’re large rigs constructed and bought with out engines, transmissions, and rear axles. Then they’re equipped with these things from salvage yards and wrecked vans, and the engines are completely rebuilt all the way down to the core. Rebuilt engines that, because of a loophole, aren’t required to fulfill limits on emissions from diesel-fueled vans as a result of they have been initially constructed earlier than 2001. Engines that, in response to the Environmental Safety Company, spew 43-55 times extra emissions than different new large rigs.

About 4 p.c of the U.S. truck market is presently made up of gliders—some 10,000 autos a 12 months—partly on account of making an attempt to evade the diesel emissions rule on nitrogen oxide and particulate matter that got here into full impact in 2010. Previous to that rule, NOx and PM emissions from large rigs have been estimated to prematurely kill 1,600 folks a 12 months from most cancers and bronchial asthma assaults.

Since 2010, in response to the Division of Transportation, gross sales of gliders rose tenfold from 2010-2015. Utilizing its authority underneath the Clear Air Act, the Obama administration sought in an up to date emissions rule in 2015 to shut this loophole by limiting to 300 the variety of glider kits bought every year.

However, in November, a month earlier than the rule got here into full impact, the Trump regime within the individual of EPA-hating EPA Chief Scott Pruitt exempted three makers of gliders on the bottom that the company has no authority to restrict gross sales on this method. And he opened a 60-day public remark interval on the prospect of EPA eliminating the annual cap on gliders. That remark interval is now over.