Levity, Levitation, And A ‘Violent Disagreement’
Things are "less complicated" in the Senate now that Democrats have apparently decided not to go to extreme lengths in order to push through a $15 minimum wage hike.
That's according to Dick Durbin who, while expressing dismay at the situation, nevertheless indicated that Joe Biden's stimulus bill will have a much easier time passing without forcing moderate Democrats to either back a convoluted end-around or vote with Republicans.
Late last week, there was talk of leveraging the tax code as p
If Democrats don’t use their complete control of government to go consistently big, and keep their electoral promises like significant minimum wage increase and student debt relief, they are going to get wasted in 2022 and 2024. The Summers-esque contingent is doing its best to ruin it all again. Too many people are staring at sub-1 velocity M2 and cost-push supply disruption inflation, extrapolating incorrectly to the demand side and totally missing the point. It’s go big or go fascist. The corporations are not going to save us; they no longer invest or hire.
I can’t remember the last time we experienced an over heat in the economy. Inflation is easy. Everyone knows when the last “over heat” of inflation was. But, an overheated economy? Has Mr. Summers looked at the employment picture? Has he looked at the projection that perhaps five million jobs are not coming back?
Mr. Summers had his opportunity in a White House administration at one point. I don’t recall him being particularly associated with success. Maybe ESPN can hire him to quarterback games from the booth for us next season.
Another out of touch elite. Let him witness some poverty and squalor.
If corporations are going to invest and hire they have to get some protection from seeing their investment undermined by a cheaper product coming in from ‘guess where’ where they have reverse engineered the product and made improvements, Thus forcing the corporation to close the factory and lay off the workers.
What amazed me about the “$15 minimum wage hike” was how half witted the Democrats were to fight over a wage hike as-if it was budget related legislation. Furthermore, for Sanders to start that fight, was very pathetic — and that makes him and the Democrats look like fools — at a time when they need to look like they can play hardball. That’s the best they can do?
It’s bad enough that about 40%+/- of our population support a full-blown dictatorship/coup and the apparent re-write of Democracy and Constitution — but for America to now end up with people that don’t understand legislation, is totally depressing!! It sort of foreshadows the Biden lame duck era.
Raising the min wage is a fine idea, but explain that to the corporations who don’t want to pay for labor, or explain that to corporations in Texas that rely on slave labor, where the state wage is $7.25 USD per hour — which is a great increase from being $5.15 in 2005.
Nevermind …
For me it’s much easier to understand Republican shortfalls, their blatant hate for a good portion of their fellow citizens. I’m confounded by Democrats inability to ‘go big’ as Martha Careful clearly points out. I’m left with the dreadful conclusion that both major parties we depend upon to steer the ship of state are tragically flawed. Portugal anyone?
With out two year elections I’m beginning to feel a lot like they must feel in Italy that has had 66 different ruling governments since WW II. Incidentally, thinking that the Dems have complete control of government is pure folly. Look at state and local governments. The Senate is a best a toss up and the house is now only good by about six votes.