Today Is My Birthday

Labels: 2020 congressional elections, Medicare For All, Sam Cooke
Labels: 2020 congressional elections, Medicare For All, Sam Cooke
But so far, Sanders is gaining traction in this musical primary.
On Wednesday, two members of indie band Dispatch joined the ranks. Brad Corrigan and Chad Stokes Urmston performed at Sanders' rally in New Hampshire and shared their support.
"It's a real honor to be here" Stokes Urmston told the crowd. "We've been Bernie fans for a long time now and really admire his courage to say what he believes all these years. It's the same thing from 30, 40 years ago, he's been saying the same thing and finally the world caught up to him."
"Let's get behind Bernie with all that we have" Corrigan added.
And ahead of Sanders' joint rally with Democratic Rep. Ilhan Omar in Minneapolis on Sunday, New Power Generation, Prince's longtime backing band, announced its endorsement.
"We're really proud to stand with Sen. Bernie Sanders as he attempts to bring America back to the people. It's time for the people to take back the government," said Morris Hayes, the late star's musical director and longest standing band member. "Like the good Senator says, it's not me or him, it's us."
Such support has come as the campaign aims to make live music central to its events, Sanders deputy campaign manager Ari Rabin-Havt said.
"One of the questions Bernie always asks before an event is do we have a band. So we try to have a musical event at every rally because that's something he really believes in" Rabin-Havt told CNN. "For Bernie, political events should be fun, should be cultural and should be entertaining. And it's not just I'm about getting famous musicians to perform. We try to have local musicians of a variety of genres from rap to blue grass to reggae perform."
That was on display last weekend, when Jack White, of the former band White Stripes, opened at Sanders' rally in Detroit, where Democratic Rep. Rashida Tlaib offered her endorsement to the Vermont senator.
In the middle of his seven-song set, White, performing at his high school alma mater, told the crowd why he backed Sanders.
"Listen, I've never done a political rally before. I'm not really politically affiliated too much. I don't consider myself a member of any party or anything I just listen to the issues" White said. "I want to listen to someone and understand that they're telling me the truth if I trust them. Bernie Sanders is telling the truth, and I really do trust him."
White noted that Sanders' position on abolishing the electoral college is what drew him toward the senator's candidacy. That endorsement came just days after singer Jason Mraz also announced his support for Sanders.
"To me, he's the only candidate who can continue to drain the swamp," Mraz wrote on his website.
...The Sanders campaign, of course, has incorporated other celebrities into their campaign. Actress Susan Sarandon, who supported and campaigned for Sanders in 2016, joined the senator once more on the campaign trail in Iowa over the summer. Rapper Killer Mike and actor and activist Danny Glover, who both endorsed Sanders in 2016, have also repeatedly joined Sanders on the campaign trail this time around. Actor Danny DeVito and John Cusack have also made appearance in support of the senator.
But the sway he holds with musicians continues on. Many have not gone as far as formally endorsing Sanders, but still have suggested an affinity for the politician.
On the day she released a remix of "Good as Hell" with Lizzo, Ariana Grande tweeted the lyric, "baby how u feelin."
Sanders, unprompted and not opting for the obvious lyrical reply ("Good as hell"), said, "Ready to fight for Medicare for All."
Grande retweeted Sanders' response: "screaming."
Lizzo has also shown an appreciation for Sanders. Over the summer, the singer called on her followers not to focus on Sanders' age and think critically about the Democratic presidential candidates.
And of course, rapper Cardi B has continued to show her support for Sanders.
Cardi B filmed a video with Sanders in July to talk about how his agenda will address raising the minimum wage and unemployment. The rapper tweeted earlier that month: "I been reading about Bernie Sanders and I'm really sad how we let him down in 2016."
Sanders returned the compliment.
"What it means is, what Cardi B does, not only is she an enormously popular entertainer, what she is doing is speaking to young people about the important issues that are on their minds and I applaud that very much," Sanders told CNN in July.
Labels: endorsements, Max Frost, Rickie Lee Jones, Sam Cooke
Today, we are walking out of your class, Economics 10, in order to express our discontent with the bias inherent in this introductory economics course. We are deeply concerned about the way that this bias affects students, the University, and our greater society.His fame increased when he announced on CNBC that he wouldn't vote for Trump in 2016. On his blog he explained in more detail why he wouldn't vote for the Republican candidate for president:
As Harvard undergraduates, we enrolled in Economics 10 hoping to gain a broad and introductory foundation of economic theory that would assist us in our various intellectual pursuits and diverse disciplines, which range from Economics, to Government, to Environmental Sciences and Public Policy, and beyond. Instead, we found a course that espouses a specific-- and limited-- view of economics that we believe perpetuates problematic and inefficient systems of economic inequality in our society today.
A legitimate academic study of economics must include a critical discussion of both the benefits and flaws of different economic simplifying models. As your class does not include primary sources and rarely features articles from academic journals, we have very little access to alternative approaches to economics. There is no justification for presenting Adam Smith’s economic theories as more fundamental or basic than, for example, Keynesian theory.
Care in presenting an unbiased perspective on economics is particularly important for an introductory course of 700 students that nominally provides a sound foundation for further study in economics. Many Harvard students do not have the ability to opt out of Economics 10. This class is required for Economics and Environmental Science and Public Policy concentrators, while Social Studies concentrators must take an introductory economics course-- and the only other eligible class, Professor Steven Margolin’s class Critical Perspectives on Economics, is only offered every other year (and not this year). Many other students simply desire an analytic understanding of economics as part of a quality liberal arts education. Furthermore, Economics 10 makes it difficult for subsequent economics courses to teach effectively as it offers only one heavily skewed perspective rather than a solid grounding on which other courses can expand. Students should not be expected to avoid this class-- or the whole discipline of economics-- as a method of expressing discontent.
Harvard graduates play major roles in the financial institutions and in shaping public policy around the world. If Harvard fails to equip its students with a broad and critical understanding of economics, their actions are likely to harm the global financial system. The last five years of economic turmoil have been proof enough of this.
We are walking out today to join a Boston-wide march protesting the corporatization of higher education as part of the global Occupy movement. Since the biased nature of Economics 10 contributes to and symbolizes the increasing economic inequality in America, we are walking out of your class today both to protest your inadequate discussion of basic economic theory and to lend our support to a movement that is changing American discourse on economic injustice. Professor Mankiw, we ask that you take our concerns and our walk-out seriously.
I have Republican friends who think that things couldn't be worse than doubling down on Obama policies under Hillary Clinton. And, like them, I am no fan of the left's agenda of large government and high taxes. But they are wrong: Things could be worse. And I fear they would be under Mr. Trump.I don't get the feeling he intends to vote for Trump in 2020 either. On Friday he wrote that the only good thing he credited Trump with, in his opinion, "making good appointments to the Fed.... Jay Powell, Rich Clarida, and Randy Quarles. Then today the president nominates Stephen Moore to be a Fed governor. Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important job. If you doubt it, read his latest book Trumponomics (or my review of it). It is time for Senators to do their job. Mr. Moore should not be confirmed."
Mr. Trump has not laid out a coherent economic worldview, but one recurrent theme is hostility to a free and open system of international trade. From my perspective as an economics policy wonk, that by itself is disqualifying.
And then there are issues of temperament. I am not a psychologist, so I cannot figure out what Mr. Trump's personal demons are. But he does not show the admirable disposition that I saw in previous presidents and presidential candidates I have had the honor to work for.
Moore and Laffer served as economic advisers to Trump during his campaign and after he was elected president (along with Larry Kudlow, the current director of the National Economic Council, who wrote the book’s foreword). From this experience, Moore and Laffer apparently learned the importance of flattering the boss. In the first chapter alone, they tell us that Trump is a “gifted orator” who is always “dressed immaculately.” He is “shrewd,” “open-minded,” “no-nonsense,” and “bigger than life.” He is a “commonsense conservative” who welcomes “honest and fair-minded policy debates.” He is the “Mick Jagger of politics” with a contagious “enthusiasm and can-doism.”Are there enough Republicans in the Senate with enough good sense and courage to deny Moore his confirmation? I doubt it. In fact, it's probably more likely that Kyrsten Sinema and Joe Manchin vote to confirm that it is that more than one or two Republicans vote not to, even though some Republicans have been grumbling about Moore's column advocating that Trump fire Fed Chair Jay Powell (a Trump appointee who, like so many, Trump quickly soured on).
The authors’ approach to policy is similarly bereft of nuance. In Chapter 3, they sum it up by proudly recounting what Moore told Trump about U.S. President Barack Obama during the campaign: “Donald, just look at all the things that Obama has done on the economy over the past eight years, and then do just the opposite.”
It is hard to imagine more simplistic, misguided advice. To be sure, Moore and Laffer can reasonably hold policy positions and political values to the right of those of Obama. (As someone who chaired the White House Council of Economic Advisers during the George W. Bush administration, so do I.) But the Obama administration was filled with prominent economic advisers who were well within the bounds of mainstream economics: Jason Furman, Austan Goolsbee, Alan Krueger, Christina Romer, and Lawrence Summers, to name but a few. It is not tenable to suggest that with all this talent, the administration made only wrong decisions, and that they were wrong simply because those who made them were Democrats.
The tribalism of Moore and Laffer’s approach stems primarily from their devotion to a single issue: the level of taxation. Obama pursued higher taxes, especially on higher-income households. His goal was to fund a federal government that was larger and more active than many Republicans would prefer and to use the tax system to “spread the wealth around,” as he famously told Joe Wurzelbacher, known as Joe the Plumber, a man he encountered at a campaign stop in Ohio in 2008. By contrast, Moore and Laffer want lower taxes, especially on businesses, which in their view would promote faster economic growth.
The debate over taxes reflects a classic, ongoing disagreement between the left and the right. In 1975, Arthur Okun, a Brookings economist and former adviser to President Lyndon Johnson, wrote a short book called Equality and Efficiency: The Big Tradeoff. Okun argued that by using taxes and transfers of wealth to equalize economic outcomes, the government distorts incentives-- or that, to put it metaphorically, the harder the government tries to ensure that the economic pie is cut into slices of a similar size, the smaller the pie becomes. Based on this argument, the main priority of the Democratic Party is to equalize the slices, whereas the main priority of the Republican Party is to grow the pie.
Yet Moore and Laffer aren’t willing to admit that making policy requires confronting such difficult tradeoffs. Laffer is famous for his eponymous curve, which shows that tax rates can reach levels high enough that cutting them would yield enough growth to actually increase tax revenue. In that scenario, the tradeoff between equality and efficiency vanishes. The government can cut taxes, increase growth, and use the greater tax revenue to help the less fortunate. Everyone is better off.
The Laffer curve is undeniable as a matter of economic theory. There is certainly some level of taxation at which cutting tax rates would be win-win. But few economists believe that tax rates in the United States have reached such heights in recent years; to the contrary, they are likely below the revenue-maximizing level. In practice, the big tradeoff between equality and efficiency just won’t go away.
Trumponomics is full of exhortations about the importance of economic growth. Why, Moore and Laffer ask, should Americans settle for the two percent growth that many economists have been projecting? Wouldn’t every problem be easier to solve with a more rapidly expanding economy? The book quotes Trump as claiming, when announcing his tax plan in December 2017, that it would not increase the budget deficit because it would raise growth rates to “three, or four, five, or even six percent.”
The authors offer no credible evidence that the tax changes passed will lead to such high growth. Most studies yield far more modest projections. The Congressional Budget Office estimates that the Trump tax cuts will increase growth rates by 0.2 percentage points per year over the first five years. A study by Robert Barro (a conservative economist at Harvard) and Furman (a liberal economist at Harvard) published in 2018 estimates that the tax bill will increase annual growth by 0.13 percentage points over a decade. And that is if the changes are made permanent. Barro and Furman estimate that as the legislation is written, with many of the provisions set to expire in 2025, it will increase annual growth by a mere 0.04 percentage points over ten years.
It is conceivable that standard economic models underestimate the impact of tax cuts on growth. A research paper by the economists Christina Romer and David Romer published in 2010 examined historical tax changes and found that they had larger effects on economic activity than standard models suggest. (It is worth noting that these two authors’ political leanings are left of center, so their findings are not the result of ideological taint.) One might reasonably argue that Trump’s tax cuts will increase growth over the next decade by as much as half a percentage point per year. But that is a long way from the one- to four-percentage-point boost that the president and his associates have bragged of, and that Moore and Laffer quote without explanation, caveat, or apology.
...Perhaps the most disappointing aspect of Trumponomics is the long list of crucial issues on which the authors are largely silent. They offer no cogent plans to deal with global climate change, the long-term fiscal imbalance from growing entitlement spending, or the increase in economic inequality that has occurred over the past half century. Many reasonable Republicans would support a tax on carbon emissions, for example. Such a policy would slow climate change by incentivizing the movement toward cleaner energy, as well as provide revenue that could be used to close the fiscal gap or to help those struggling at the bottom of the economic ladder.
Rather than suggesting coherent policies, Moore and Laffer seem to hope that a much more rapidly growing economy will provide the resources to address all these problems, and they seem to believe that this growth will follow ineluctably from the lower taxes and deregulation that lie at the heart of Trump’s agenda. It would be wonderful if that were possible. Maybe rah-rah partisans really believe it is. But more likely, it is just wishful thinking. Trump appears eager to avoid most of the economic problems facing the nation. By banking on so much growth from cutting taxes, Moore and Laffer are, in effect, giving him a pass and kicking the can down the road to a future leader more interested in confronting hard policy choices.
Labels: Federal Reserve, Greg Mankiw, Laffer, Sam Cooke, Stephanie Kelton, Stephen Moore, Trumponomics, Voodoo Economics
Reality has also lent it a helping hand. Regardless of your ideology, today's numbers paint a stark picture. Ten years into the US recovery, median household incomes are, in real terms, still much what they were they were in 1999. The top one per cent of households own more wealth than the bottom 90 per cent. America's average life expectancy has started to decline.OK, fair enough... and then Luce reminds us that, though based in DC, he is English, not American and may still know more about Indian politics from his days based in Delhi than about U.S. politics. "Much of the focus is on who should be the Democratic nominee to challenge Mr Trump. That obviously matters. But the significant point is that the party's centre of gravity has shifted. Whoever the challenger turns out to be, whether Joe Biden, the former vice-president, Elizabeth Warren, the economic populist, Beto O'Rourke, the sunny optimist, or Mr Sanders, their platform will have to reflect that shift. Stances such as 'Medicare for all,' a 'Green New Deal,' and public election financing will have to be part of the package. So too will higher taxes." I suspect he doesn't know enough about status quo candidates like Biden and Beto to understand just how different they are from change agents like Elizabeth Warren and Bernie. Biden has already been assuring supporters-- albeit quietly-- that they won't have to worry about Medicare for All, Green New Deals, 70% marginal tax rates or anything that alters the comfortable conservatism he resides in. Beto was a member of Congress who didn't support Medicare for All or the Green New Deal.
Mr Trump has made inequality worse. But he is not its author. The numbers were almost as bleak at the end of Mr Obama's two terms. So tinkering no longer holds much appeal.
Attention has also been lavished on Alexandria Ocasio-Cortez, the 29-year-old Democratic socialist and youngest member of Congress. More notable is the respect her ideas, including a top tax rate of 70 per cent, commands among establishment Democrats. "The congresswoman is right," Lawrence Summers, Mr Clinton's former Treasury Secretary, said last week. Mr Summers personified the Washington consensus of the 1990s. Like Keynes, however, he says he changes his mind when the facts do. They no longer fit the arc-of-history Democrats used to narrate. "The false doctrines of the neoliberal priesthood are losing their hold," writes Nick Hanauer, the entrepreneur who made his fortune with Amazon.Universal basic income may be questionable? If you say so. And breaking up monopolies is a new idea. Oy. How about this: "for the first time in decades, America's intellectual energy is now on the left?"
America's left is turning into a factory of new ideas. Some of them, such as a universal basic income, may be questionable. Others, such as breaking up monopolies, are more promising. Either way, for the first time in decades, America's intellectual energy is now on the left. Some liken the ferment to the "bold persistent experimentation" of Franklin Roosevelt, author of the 1930s New Deal. Doubters compare it with the false dawn of George McGovern, who lost in a 1972 landslide to Richard Nixon. Whichever view proves correct, the Clinton-Obama era is drawing to a close. A new one is just beginning.
Labels: America's Sweetheart, progressives vs Democrats, Public Enemy, Sam Cooke, U2
• each one had a nose from which he breathedThere are reasons their collective endeavor-- the founding of our country including the war for independence and then the Constitution-- has held up, had something to do with just how extraordinary these men were. PolitiFact Wisconsin though, decided that instead of contradicting Walker, they would give him and other Republicans a little history lesson about who the Founding Fathers' fathers were.
• each one ate food through a mouth
• each one got tired and slept
• each one had feet to walk with
• each one was born of a mother
• each one was, in Walker's own words, a patriot who risked his life for the freedoms we hold dear today
After consulting several scholars and other sources, we found that-- with some exceptions-- central figures in the nation’s founding generally came from privileged backgrounds, attended college at a time when very few people did and, by 1776, were prominent and wealthy.PolitiFact added that the Founding Fathers "were all far from ordinary in terms of income, wealth, education, and social standing." But, to be fair, I don't think that's what Walker meant. Walker is an ordinary man, a profoundly flawed one. My guess is that he was trying to get across to Wisconsin voters that the Founding Fathers were also flawed-- ordinary like him in that way-- and could make mistakes that had to be corrected. And it is true that there are grievous historical errors in the Constitution, for example, errors that had to be corrected, something foreseen by the Founding Fathers, who included an amendment process, which gave us the Bill of Right, eventually abolished slavery, gave women legal equality, pohibited the denial of the right to vote based on race and then based on gender.
"They weren't ordinary," said Brown University emeritus history professor Gordon Wood, author of Creation of the American Republic, Revolutionary Characters: What Made the Founders Different and other books. "They were the elite of the day, involved in highest levels of the society."
Paul Finkelman, a scholar-in-residence at the National Constitution Center in Philadelphia, was among the historians who agreed with that assessment. But noting that Benjamin Franklin’s formal education ended when he was 10, Finkelman added, "the notion that some of the founding fathers were self-made is true."
While there is no set group of founding fathers, lists of the major ones usually include the following six, as listed by the National Archives’ Founders Online.
Here’s a look at their early years, as well as where they were by 1776:
John Adams
Adams was born into a "comfortable, but not wealthy, Massachusetts farming family," according to the University of Virginia’s Miller Center, which specializes in political history. His father earned a living as a farmer and shoemaker. His early education was strong enough that he entered Harvard College at the age of 15.
Adams became the lawyer with the largest number of clients in highly competitive Boston, said University of West Georgia history professor emeritus John Ferling, the author of 11 books on the American Revolution and its leaders.
In the Continental Congress-- the body of delegates who represented the people of the colony-states that later became the United States of America-- he was the leader of the faction pushing for independence in 1776. He later became vice president and then the nation’s second president.
Benjamin Franklin
Franklin was the son of a man who made soap and candles, which Encyclopedia Britannica terms "one of the lowliest of the artisan crafts" at the time. Franklin learned to read very early and had one year in grammar school and another under a private teacher, but his formal education ended at age 10. At 12, he was apprenticed to one of his brothers as a printer and "taught himself to write effectively." He founded a weekly newspaper at age 16.
Franklin, Finkelman told us, "is the classic self-made American." He eventually became wealthy enough that, at age 42, he became "perhaps the first American we know of to retire," Finkelman said. He was a significant property owner, owned a successful publishing business and was an internationally known scientist. Franklin was a slave owner when he helped draft the Declaration of Independence, but became one of the early abolitionists when, at 81, he was at the Constitutional Convention in 1787, Finkelman said.
Alexander Hamilton
Hamilton was born in the British West Indies, the illegitimate son of a "poor itinerant Scottish merchant of aristocratic descent and an English-French Huguenot mother who was a planter's daughter," according to the National Archives. He received a "basic education" and became an apprentice clerk in a mercantile establishment. The proprietor and others recognized Hamilton’s "ambition and superior intelligence" and raised money to further his education, which included time at what became Columbia University in New York.
Finkelman said that after Hamilton joined the Army, he quickly became George Washington’s aide-de-camp with rank of lieutenant colonel. Hamilton wrote pamphlets and newspaper essays favoring independence in 1774 and 1775. In 1789, he became the nation’s first secretary of the treasury. In 1804, he was mortally wounded in a duel with a political rival, Aaron Burr.
James Madison
Madison’s father inherited and married into substantial wealth, according to the Miller Center. Madison was a "sickly child" who also suffered from psychosomatic, or stress-induced, seizures, similar to epileptic fits, "that plagued him on and off throughout his youth." But by the time he entered what became Princeton University, Madison had mastered Greek and Latin under the direction of private tutors.
Ferling noted that Madison was a leading figure in the Continental Congress and the Constitutional Convention, served as the leader in the First House of Representatives and drafted the Bill of Rights. According to Finkelman, Madison owned at least 100 slaves, inherited wealth and land from his father, and married into wealthy family. He was president from 1809 to 1817.
Thomas Jefferson
Jefferson was born on a slave plantation in central Virginia, according to Monticello.org. His father was a planter and surveyor, and his mother was the daughter of a well-known Virginia family. When Jefferson was 14, his father died and he inherited about 3,000 acres of land and about 30 slaves. Jefferson went to the College of William and Mary, then studied and practiced law.
Jefferson was the primary author of the Declaration of Independence. According to Finkelman, he owned two major plantations and 150 to 200 slaves which, by modern standards, means he was a billionaire. Jefferson followed Washington and Adams as the third president.
George Washington
Washington was a member of Virginia’s gentry, born on his father’s plantation, according to MountVernon.org. Augustine Washington was a leading planter in the area and also served as a justice of the county court.
After Augustine died, when George was 11, "the income from what remained was just sufficient to maintain Mary Washington and her children" and George "undoubtedly helped his mother manage" the plantation where they lived. His formal education ended at age 15, before that of many gentlemen’s sons.
Washington trained as a surveyor before entering the military. Virginia’s governor appointed Washington, at age 22, to command the colony’s army in the French and Indian War, Ferling said. Washington went on to become a wealthy farmer and businessman before being appointed commander of the Continental army in 1775. Finkelman said by this time, Washington owned thousands of acres of land and hundreds of slaves. He served two terms as president.
Labels: Clash, Constitution of the U.S., founding fathers, Max Boot, PolitiFact, Sam Cooke, Scott Walker
Labels: Neil Young, racism, Sam Cooke