Week-end Wrap – Political Economy – August 9, 2020
by Tony Wikrent
Frank published What’s the Matter with Kansas? in 2004, at the height of the George W. Bush presidency. The Iraq War was already looking like a disaster, but the Democratic Party was helpless to take advantage, a fact the opinion-shaping class on the coasts found puzzling. Blue-staters felt sure they’d conquered the electoral failure problem in the nineties, when a combination of Bill Clinton’s Arkansas twang, policy pandering (a middle-class tax cut!) and a heavy dose of unsubtle race politics (e.g. ending welfare “as we know it”) appeared to cut the heart out of the Republican “Southern strategy.”
Yet Clinton’s chosen successor Al Gore flopped, the party’s latest Kennedy wannabe, John Kerry, did worse, and by the mid-2000s, Bushian conservatism was culturally ascendant, despite obvious failures. Every gathering of self-described liberals back then devolved into the same sad-faced anthropological speculation about Republicans: “Why do they vote against their own interests?”
Frank, a Midwesterner and one of the last exemplars of a media tradition that saw staying in touch with the thinking of the general population as a virtue, was not puzzled….
Frank ripped the political strategy of Clinton Democrats, who removed economic issues from their platform as they commenced accepting gobs of Wall Street money in a post-Mondale effort to compete with Republicans on fundraising. Gambling that working-class voters would keep voting blue because “Democrats will always be marginally better on economic issues,” New Democrats stopped targeting blue-collar voters and switched rhetorical emphasis to “affluent, white collar professionals who are liberal on social issues.”…. Perceiving correctly that there would be no natural brake on this phenomenon, since the executive set was able to pay itself more and more as the country grew more divided, Frank wondered, “Why shouldn’t our culture just get worse and worse, if making it worse will only cause the people who worsen it to grow wealthier and wealthier?”
When I was first sent out to cover the Donald Trump campaign years later, I assumed the editorial concept would be simple: mockery. New York’s infamous “short-fingered vulgarian” had taken over national headlines in the summer of 2015 with a foul-mouthed stream-of-consciousness rap, organized around an impossible Pharaonic wall project and scare tales about rape-happy Mexicans – the Diceman doing Pat Buchanan. If this was taking over the Republican Party, there wasn’t much to report. The enterprise was doomed, and journalism’s only mission was to make sure the silliest bits were captured before being buried under the sands of history.
Twenty minutes into my first Trump campaign event, I knew this was wrong, and was seized by a sinking feeling that really hasn’t left since. Trump in person sounded like he’d been convinced to run for president after reading What’s the Matter with Kansas? His stump act seemed tailored to take advantage of the gigantic market opportunity Democrats had created, and which Frank described. He ranted about immigrants, women, the disabled, and other groups, sure, but also about NAFTA, NATO, the TPP, big Pharma, military contracting, and a long list of other issues.
America’s about to make a double digit percentage of its population homeless. Something like 20 to 30%, or more of American small businesses have or will shut down by the end of the pandemic. The jobs won’t all come back and those that do will pay worse and feature worse treatment than the ones before (which were mostly not well paid and featured routine meanness.) We’re talking about 30 million to 60 million homeless….America is “undeveloping.” It is moving from being a developed nation to being an undeveloped nation.
“A Historian of Economic Crisis on the World After COVID-19” (interview with Adam Tooze)
[New York Magazine, via Naked Capitalism Water Cooler 8-7-20]
Why has the balance of power between governments and bondholders shifted so dramatically? Or was the figure of the “bond-market vigilante” — who would punish states for excessive spending by dumping their debt — always a bogeyman in the developed world?
To be honest, I think we’re all still struggling to figure this out. To offer a definitive answer would not only be conceited on my part; it would fail to capture the slightly shocking historical novelty of the situation. I feel like we’ve all just stumbled out of a cave into this wide-open space and are still blinking in the sun.
But if you ask me to put my finger on it, I would point to three elements. One is the political economy of inflation: the notion that democratic politics tend toward inflation. That was at the core of the entire complex of thinking around both central-bank independence and this idea of aggressive capital markets that defend the interests of wealth-holders against publics that are always trying to take that wealth away, whether through taxes or inflation. But the engine of this political economy was class antagonism. And that’s gone now because — as Warren Buffett has said — the class war is over, and his side won. And that changes the entire game.
….
The sense of flux is quite something. And I think it’s characteristic of this moment. The single thing that is most different from the ’90s is that orthodoxy just doesn’t seem very strong right now. We’re in a state of ferment. Much more so than in 2009, when people were just so panicked; they’d never seen quantitative easing before, and it was all a bit strange and weird. And then we kind of regressed to sadly conventional fiscal policy by 2010. Which could happen again. But at least in intellectual terms, the current moment is quite different from what it was in 2008.“So what in January 2020 seemed to me like distinct preoccupations — when you’re a “climate political economy” person, you spend your time thinking about capitalism and Exxon, not epidemiology and wet markets — these things were in fact profoundly related. So, for example, those of us working on climate political economy had been developing this scenario we call the “climate Minsky moment” — a market collapse triggered by a sudden devaluation of key assets as a result of climate change and/or of a governmental response to climate change. Well, in a sense, this is precisely what COVID triggered in March. We saw a huge revaluation in assets, not as a result of the epidemic per se, but as a result of the reaction to the epidemic by business actors and national governments.
….
…the International Energy Agency published a report in June calling for a $3 trillion green-energy program to see us out of the economic crisis. What really amazed me, given the moment that we’re in, was the scale of that — $3 trillion. Collectively, we’re thinking of spending that kind of money right now on unemployment and life support for the global economy all the time.But then you look at the amount that’s being invested in the vaccine or in other types of public-health measures, and they are one — if not two — orders of magnitude smaller. I think the total amount of money being spent globally on vaccine development right now is on the order of 30 to 40 billion. What is the economic value of a vaccine right now? It’s clearly tens of trillions of dollars, at least if you had one that allowed us to restart the global economy. And yet what we’re spending is tens of billions.
So there’s still some weird disconnect in our valuation of public health. Lord Stern said climate change was the greatest market failure of history. I’m not sure he’s right. It’s clearly a huge market failure. But we may have just found a bigger one.
….
And then there’s the question mark of the United States and its allies. There’s a remarkable overlap between the climate-denying coalition and the COVID-denying coalition, the most obvious axis being that between the two biggest states in the Western hemisphere, Brazil and the U.S. And, of course, it isn’t really all of the United States. It’s the Republican Party and its adjuncts. The Republican Party seems like a local problem, but they’re actually a global one. In the same way that a local problem in Brazilian politics, when it concerns Amazonia, is a global problem.
“COVID-Induced Anxiety: Some Tips for Staying Sane During Insane Times”
[DoctoredTales, via Naked Capitalism Water Cooler 8-7-20]
“I recently posted on Twitter about COVID-19 and the feeling of impending devastation that healthcare workers are facing. I compared that feeling to the anxiety of watching a tsunami as it inches towards the shore. The hundreds of responses I received have moved me and changed my thinking. I received notes from soldiers describing similar feelings prior to deployment, from firemen and women attesting to the same before entering a burning building, and from patients describing a similar fear while waiting for the results of a biopsy. This helped me realize that we are not the first, nor the last, of humankind to face such formidable times, and we are certainly better equipped than our ancestors. The strength of my fellow citizens helped brace me for the coming challenge, and strengthened my resolve to go to work with steady hands… “While there are certainly dark and unprecedented days ahead, perseverance might be the most underrated of human qualities. And I am certain that together, we will persevere.”
The Pandemic
New COVID cases by party of governor
Naked Capitalism Water Cooler 8-3-20]
“Since the pandemic began, I have spoken with more than 100 experts in a variety of fields. I’ve learned that almost everything that went wrong with America’s response to the pandemic was predictable and preventable. A sluggish response by a government denuded of expertise allowed the coronavirus to gain a foothold. Chronic underfunding of public health neutered the nation’s ability to prevent the pathogen’s spread. A bloated, inefficient health-care system left hospitals ill-prepared for the ensuing wave of sickness. Racist policies that have endured since the days of colonization and slavery left Indigenous and Black Americans especially vulnerable to COVID‑19. The decades-long process of shredding the nation’s social safety net forced millions of essential workers in low-paying jobs to risk their life for their livelihood. The same social-media platforms that sowed partisanship and misinformation during the 2014 Ebola outbreak in Africa and the 2016 U.S. election became vectors for conspiracy theories during the 2020 pandemic.”
“2020 defeated America because of Americans, not just Donald Trump”
“When the New York Times dug deeply into why its home city — where more than 23,000 have died from the virus — became the national epicenter of the outbreak this spring, its reporters found the biggest factor in who survived the coronavirus and who didn’t was whether a patient was admitted to a private or a public hospital. … [P]atients were three times more likely to die at community hospitals in New York City’s outer boroughs than at private facilities in the wealthiest zip codes in Manhattan. That’s because the nurse-to-patient ratio at those swamped public hospitals was astronomically higher, because patients at the wealthier hospitals had better access to drugs like Remdesivir, while those in the poorer hospitals dealt with ventilators that didn’t have all the right settings. In Queens, the paper reported, some unwatched patients died removing masks to go to the bathroom…. The myth that simply replacing Trump with Joe Biden in the Oval Office on Jan. 20, 2021 — after tens of thousands more deaths and what’s sure to be a bumpy landing — will kick off an FDR New Deal-type response that in a few weeks will turn America into New Zealand is a dangerous one. If Biden’s basic instinct is merely to reset the clock to 2015, as many fear, that will ignore the uniquely American flaws that very much existed in 2015….”
“Immunology Is Where Intuition Goes to Die”
[The Atlantic, via Naked Capitalism Water Cooler 8-5-20]
In general, the immune system’s reaction to SARS-CoV-2 is “what I would expect if you told me there was a new respiratory infection,” says Shane Crotty from the La Jolla Institute of Immunology. The innate immune system switches on first, and the adaptive immune system follows suit. In several studies, most people who are infected develop reasonable levels of coronavirus-specific T-cells and antibodies. “The bottom line is that there are no big surprises,” says Sarah Cobey, an epidemiologist from the University of Chicago.
Still, “any virus that can make people sick has to have at least one good trick for evading the immune system,” Crotty says. The new coronavirus seems to rely on early stealth, somehow delaying the launch of the innate immune system, and inhibiting the production of interferons—those molecules that initially block viral replication. “I believe this [delay] is really the key in determining good versus bad outcomes,” says Akiko Iwasaki, an immunologist at Yale. It creates a brief time window in which the virus can replicate unnoticed before the alarm bells start sounding….
The immune system’s reaction to the virus is a matter of biology, but the range of reactions we actually see is also influenced by politics. Bad decisions mean more cases, which means a wider variety of possible immune responses, which means a higher prevalence of rare events. In other words, the worse the pandemic gets, the weirder it will get.
A few patterns offer easier possible explanations. “Kids have very trigger-happy innate immune systems,” says Florian Krammer of Mount Sinai’s Icahn School of Medicine, which might explain why they rarely suffer severe infections. Elderly people are less fortunate. They also have smaller standing pools of T-cells to draw from, as if the mercenary-filled bar from the earlier metaphor is only sparsely packed. “It takes longer for the adaptive response to mobilize,” Farber says.
Testing Delays Have Us Flying Blind
David Dayen, The American Prospect
It can now take weeks to get test results, at which point they become not terribly useful. It can take almost as long to get a testing appointment in some parts of the country. If test results today gives you a snapshot of one population from yesterday and another from five days ago and another from two weeks ago, how can you construct a meaningful curve that tells you where case counts are now? How can you do contact tracing and expect people to remember who they interacted with two weeks ago? Just a few days of delay makes testing ineffective….
The testing backlog appears to be a function of two things. One is consolidation among testing labs, where if you don’t have a public university or large hospital lab nearby, most everything gets farmed out to Quest and LabCorp, who are at the breaking point. (That Quest is busy acquiring smaller labs even now tells you the problem.) The second is continued problems with the supply chain for key elements of the dominant testing kits, like reagents and these little pipette tips used in the process.
Both of these outcomes are unforgivable. One is the result of decades of economic concentration (do you know I have a book on sale about this?), while the other shouldn’t still be happening months into the crisis. That we cannot onshore simple materials for production speaks to the hollowing out of our industrial base. And the long supply chains remain pretty clogged, even though globalization fans are trying to tout a victory…. A Lancet study found that same-day tests could prevent around 80 percent of all transmissions, if the positive subjects isolate. Tests that take five days to respond only prevent five percent.
“COVID-19 long-term toll signals billions in healthcare costs ahead”
“Studies of COVID-19 patients keep uncovering new complications associated with the disease. With mounting evidence that some COVID-19 survivors face months, or possibly years, of debilitating complications, healthcare experts are beginning to study possible long-term costs. Bruce Lee of the City University of New York (CUNY) Public School of Health estimated that if 20% of the U.S. population contracts the virus, the one-year post-hospitalization costs would be at least $50 billion, before factoring in longer-term care for lingering health problems. Without a vaccine, if 80% of the population became infected, that cost would balloon to $204 billion.”
[Twitter, via Naked Capitalism 8-6-20]
Eric “Masks + Ventilation for Aerosols” Feigl-Ding @DrEricDing
Round pushpinHIGHWAY ROBBERY:
Remdesivir, made by
@GileadSciences
, has now set the price Rightwards arrow $2,300 to $3,100 per patient.
So how much does it cost to produce each vial?
Rightwards arrow Just $1.
US taxpayers also had paid for the drug’s NIH trial.
Borderline criminal drug pricing.
Remdesivir Priced At More Than $3,100 For A Course Of Treatment
[NPR, via Mike Norman Economics 8-6-20]
“The nursing science behind nurses as coronavirus hospital heroes”
“Like medicine, nursing is a scientific discipline, and it’s time people see nurses as more than just angels or heroes. Nurses are not kind and heroic simply because they are good people, but because nursing science tells us that building relationships with patients and treating the whole-person response to disease is therapeutic for their health…. We define nursing like this: Nursing is the diagnosis and treatment of the human response to health and disease. This is distinct from medicine, which is about the diagnosis and treatment of disease itself…. Nursing does not lend itself well to the -ology verbiage typical of medical science, but perhaps that’s fitting because nursing science is different than many other types.”
AstraZeneca Gets Protection from Future Product Liability Claims for COVID Vaccine
[Insurance Journal, via Naked Capitalism 8-4-20]
Economic Armageddon: The COVID Collapsed Economy
Comparison of the Heroes Act and HEALS Act Progressive Caucus Action Fund
“A multibillion-dollar industry offering unusual data such as satellite imagery and measurements of social media sentiment is enjoying a boom in demand as hedge funds and companies hunt for clues on how to tackle the coronavirus crisis. Many investors have turned to so-called alternative data — niche information beyond standard financial market indicators or statistical releases — after finding official numbers too slow in reflecting the collapse in economic activity due to Covid, and the recovery. Providers argue it can provide precious, real-time glimpses into how a company or economy is faring.” Then again: “Anthony Lawler, head of GAM Systematic, said his firm used alternative data but added that such information had not been behind his funds’ gains last year, nor had it driven markets this year. ‘Daily credit card data or footfall data didn’t lead the recovery in [stock] prices. What led the recovery was investor sentiment, animal spirits and a belief in a better future,’ he said. ‘For none of that could you use innovative photographic, credit card or shipping data.”
The Carnage of Establishment Neoliberal Economics
“Many advanced chips are designed in the US, but only around 12 per cent are manufactured there…. There is no mystery behind the anxiety. China is still years behind the US in semiconductors, but it is racing to develop a globally competitive chip industry and is projected to become a serious competitor by the end of the decade.” And: ‘Taiwan’s ‘silicon shield’ makes it the 51st [US] state,’ said [Dan Hutcheson, chairman of VLSI Research and a longtime chip analyst], referring to the theory that the country’s leadership in chip technology is its best defence against aggression from China. ‘The US needs to protect Taiwan — it can’t afford to lose it to China.’”
Information Age Dystopia
Tech: “Robots Running the Industrial World Are Open to Cyber Attacks”
“Robots are often connected to networks and run via software, according to the report, and previously unknown vulnerabilities could allow hackers to hide malicious code in them and other automated, programmable manufacturing machines. The researcher found flaws in software produced and distributed by the Swedish-Swiss multinational ABB Ltd, one among world’s largest industrial robot maker. They also found other vulnerabilities in one of industry’s most popular open-source software called ‘Robot Operating System Industrial’, or Ros-I, adapted for ABB and for Kuka AG, a German robot maker.”
[TechDirt, via Naked Capitalism 8-4-20]
Below underscores Chris Hedges’ thesis in a book by the same title with respect to Unions and the function they played in advancing the cause of the working class. Along with the erosion of the Church, University, Press, and Democratic Party, we now live in TINA’s world, one in which a life free from economic anxiety and expanding opportunities can only be viewed in the rear view mirror.
Private investigators working from GM have uncovered evidence of offshore bank accounts in Switzerland, Panama, Singapore, Lichtenstein and the Cayman Islands set up for the benefit of top UAW officials, including four of the last five UAW presidents. The secret accounts were part of a sophisticated scheme by Fiat Chrysler to funnel millions of dollars in illegal payments to union officers for their services in betraying workers.
What Years of Emails and Texts Reveal About Your Friendly Tech Companies
[NYT, via Naked Capitalism 8-7-20]
Exhibit A is Facebook, whose documents are the most damning. Emails from Mark Zuckerberg, its chief executive, strongly suggest that since about 2008 he has had a method for controlling what in a 2012 email he called “nascent” companies that posed “very disruptive” threats to Facebook. His method has been the buyout or the aggressive cloning of features to compel a company to sell itself to Facebook. He foresaw that there would be a limited number of “social mechanics,” or areas of innovation in social media, each of which would have one winner. “Instagram can hurt us,” he wrote in 2012, right before acquiring the company and eliminating the threat that its photo- and video-sharing technology posed to Facebook
“How to Autosave local to PC instead of to OneDrive when using Word”
Lamber Strether: Ha ha, you can’t. Imagine not being able to store your own data on “your own” PC. Who thought of this? Who coded it?
Restoring balance to the economy
Study: a universal basic income would grow the economy
[Vox, via Mike Norman Economics 8-3-20]
Basic income, in which every American would be given a basic stipend from the government no strings attached, is a potential solution to widespread automation reducing demand for labor
One home, a lifetime of impact
[Washington Post, via Mike Norman Economics 8-3-20]
In 1936 a widowed black woman bought a home and it changed her family’s financial worth for generations. Today homeownership rates of black people lag even further behind whites’ rates, affecting their ability to build wealth.
The Dark Side
Was there a conspiracy by the Swiss courts and Attorney General`s office?
Switzerland has laws that make even saying bad things about banks a crime. A friend who is a famous international tax expert will not go to Switzerland about of concern about facing arrest for having lecture about Swiss bank secrecy.
Climate and environmental crises
NEWS: A New Trump Rule Could Help Big Oil Crush The Climate Movement
David Sirota [Too Much Information, via Naked Capitalism 8-7-20]
“BP Walks Away From the Oil Supermajor Model It Helped Create”
“Just six months after taking the helm, Looney has put meat on the bones of his plans to make BP compliant with the Paris accord on climate change, saying he’ll cut dividends in half, shrink oil and gas output by 40% over the next decade and spend as much as $5 billion a year building one of the world’s largest renewable-power businesses. Where Browne created a global model, Looney’s strategy shows the oil industry is splitting in two. On one side of the Atlantic, BP, Shell and Total are trying to make themselves going concerns for a low-carbon age, diluting their fossil-fuel businesses with plans to build significant revenues from renewable energy. Exxon and Chevron — insulated from the pressure applied by European investors and politicians — are charting a different course: keep pumping as profitably as possible and hand the cash back to investors. Like Big Tobacco, they’re increasingly courting shareholders willing to put returns above the harm their product causes.”
Disrupting mainstream politics
“Organizers of the new ‘Vote Trump Out’ initiative argue that while progressives have major substantive differences with Joe Biden on a number of key issues, ‘supporting the Democratic nominee in swing states is the only means we have to defeat Trump.’ … ‘If Biden wins, we’ll be at his door on day one, demanding the kinds of structural reforms that advance racial, economic, and environmental justice,’ the statement continues.’”
“DNC Delegates Call Biden Foreign Policy Team ‘A Horror Show’ And Ask For New Hires”
“[A] new letter that’s being circulated among delegates to the Democratic National Convention is raising alarm bells about the circle of advisers who would likely form Biden’s foreign policy team if he becomes president. A widely circulated message promoting the letter, which is already signed by more than 275 delegates — almost all of whom were pledged to Sen. Bernie Sanders (I-Vt.) — says Biden’s current circle is ‘a horror show’ of advisers with track records of supporting ‘disastrous’ U.S. military interventions.”
[The New Republic, via Naked Capitalism Water Cooler 8-6-20]
“Whatever Sturm und Drang the Never Trumpers inspired on these fronts, they have done more damage to the left wing of the Democratic Party than they have to the powerful extreme right of their own party. From Trump’s Inauguration Day onward, Never Trumpers have written a script of defending the status quo ante, by delegitimating alternatives to it. They joined a coalition of liberals for whom free-market depredations and imperial violence were acceptable parts of doing America’s business, but left-wing mobilization was seen as part of a Weimar-style harbinger of regime collapse, and a living wage and universal health insurance were totalitarian equivalents of racist marches and travel bans. This agenda made it easy for the Never Trumpers to pivot from hating Trump to hating Bernie Sanders.”
New York Attorney General Moves To Dissolve The NRA After Fraud Investigation
The Dark Side
[The Intercept via Naked Capitalism 8-5-20]
“Here Are the Billionaires Funding Trump’s Voter Suppression Lawsuits”
“In more than a dozen states, including battlegrounds like Wisconsin and Michigan, the Republican National Committee (RNC) has initiated or joined lawsuits to block states from expanding vote-by-mail systems or to oppose Democratic lawsuits in states that have resisted putting universal vote-by-mail systems in place. The lawsuits are financed by a $20 million litigation budget that the Republicans have amassed for fighting Democrats on voting issues…. At least 17 of the 24 billionaire donors to the RNC legal fund are among the top 400 wealthiest American households as ranked by Forbes magazine, including the following: Kelcy Warren, CEO of natural gas and propane pipeline giant Energy Transfer Partners, net worth $4.3 billion; Stephen Schwarzman, CEO of The Blackstone Group private equity firm, net worth $17.7 billion; and Charles Schwab, net worth $7.7 billion. Two more top donor families, those of Fertitta brothers Lorenzo and Frank III, fall just outside the top 400 richest Americans, with net worth around $1.6 billion apiece.”
”In another recent Workplace post, a senior engineer collected internal evidence that showed Facebook was giving preferential treatment to prominent conservative accounts to help them remove fact-checks from their content. sThe company responded by removing his post and restricting internal access to the information he cited. On Wednesday the engineer was fired, according to internal posts seen by BuzzFeed News.”
No Chance Alamance: Immigration Detention and Jail Expansion in the North Carolina Piedmont
Oliver Hinds and Jack Norton, July 28, 2020 [Vera]
Terry Johnson, a white Republican who was first elected sheriff in 2002, turned his department’s attention to the immigrant community in Alamance, joining a controversial federal immigrant enforcement program—a provision of 287(g) in the federal immigration code—which allows local law enforcement to be deputized as Immigration and Customs Enforcement (ICE) agents, giving them the power to detain people based on immigration status.
After the county commission voted to join 287(g) in 2006, Johnson employed the program to terrible effect. Between 2008 and 2013, Latinx people were six times more likely to be pulled over by the Alamance County Sheriff’s Department than non-Latinx people. Reports surfaced that Johnson was instructing officers to discriminate against people who “appeared” Mexican. Johnson reportedly told his deputies, empowered by 287(g), to “go out there and get me some taco-eaters.” Todd Zimmer, an organizer with the local activist group Down Home NC, estimates that this new collaboration eventually resulted in 10 percent of the Latinx community being deported during that period.
Joan
Thank you for the Taibbi link, I enjoyed that. I read What’s the Matter with Kansas? back in the day and felt like it described much of rural America. I think the US needs a multi-party system, but if wishes were fishes. I think Trump will win solidly this coming election, despite what polls say. I could see a populist party getting a lot of traction among young people. It would just depend on how the populist left and right might work within a party. A party for small business owners, low-wage and unskilled workers, skilled craftsmen, local farmers, and anyone against centralization would include a huge swath of Americans, on both the left and right. I’ll never agree with right wingers on Jesus in schools or whatever else; I’ll show up to outvote them on that stuff every time, but I’m interested in working class people being treated as human again, and they are too.
Hugh
We all need to vote against Trump so we can return to the Establishment status quo ‘s agenda that got Trump elected in the first place. So what’s the hang up? Let’s get cracking.
Re Facebook, all these techno-monopolies follow the same playbook. Destroy, intimidate, and buy any potential competition.
Ché Pasa
More than a few people — and not just Americans — would be delighted if we could return to the status quo ante, but we can’t and we won’t no matter who is elected, assuming there will be an election.
The virus continues to rage, and will for some time to come. It’s changed things in this country at a level we can hardly imagine let alone accept. Putting Biden on the throne or any Democrat won’t fix it, though it might lead to better outcomes for more people. Then again, maybe not. (A close friend’s father died last Thursday from the Covid; another friend’s mother got seriously ill two weeks ago but is recovering, and all of her relatives in Houston tested positive.) This will keep happening. For most of us, the economy is in shambles and isn’t coming back anything like it was, which may or may not be a good thing depending on your point of view. For most Americans, it means a greater level of impoverishment. More people will be forced out on the street, more (many more) will go hungry, jobs won’t come back, and on and on. This happens regardless of who sits in the big chair.
Governments all over the country are facing existential crises with which most cannot cope. That won’t change because Biden or some other Democrat is elevated to the presidency.
The climate crises will only get worse no matter what we do or don’t do over the short term.
There’s no going back.
And I think many if not most Americans know that. Some have taken to the streets in protest. Some are partying or calling on the Lord to save them. Most seem to be hunkering down in the face of apocalypse.
I don’t envy anyone who assumes the presidency or really any other public office under the circumstances.
Zachary Smith
Hey, all you seniors who love Donald Trump. Not only does he consider you all expendable (practically dead already) to the economy with COVID-19, he’s intent upon ending Social Security and Medicare.
So those expendable old fats who have somehow managed to survive the White House Pandemic have something else to look forward to – shivering and starving under their pieces of cardboard out in the cold, cold rain. From the link:
I know some rock-rib old Republicans who aren’t likely to approve of this – if they ever learn about it. Will Fox News mention it? Biden?
Will Trump adopt the Apartheid state’s Samson Option to try to demolish the US of A during the time he has remaining in office. With his Executive Orders he now ignores Congress and makes his own Imperial Declarations. What will the fat orange man take aim at next?
km
Like Brazil, but with worse weather, less attractive women, and a more hyperbelligerent foreign policy.
Chiron
“Whatever Sturm und Drang the Never Trumpers inspired on these fronts, they have done more damage to the left wing of the Democratic Party than they have to the powerful extreme right of their own party.“
I have been saying for some time that Russiagate did more damage to the Left than it did for Trump or the GOP.
Temporarily Sane
@Chiron
Russiagate is a transparent farce and while its few critics on the left – people like Jimmy Dore, Aaron Mate – have been marginalized and accused of being ‘Russian bots’, ‘Putin agents’ etc., the vast majority of liberals and leftists are still true believers or simply don’t care about it much one way or another.
It’s the takeover of the left by professional managerial class SJWs and the abandonment of working class politics in favor of “woke” identity politics that has utterly destroyed the American left and turned it into the “left” wing of Democratic Party neoliberal capitalism.
Working class Americans are very receptive to well articulated class politics…but they are definitely not at all on board with hysterical woke scolds and the billionaire politics of the Democratic Party.
(Bernie Sanders milquetoast 2020 “Biden is my buddy” act and inability to boldly sell his signature policies lost him a lot of the support he won in 2016. He sounded just like every other “woke” neoliberal Democrat.)
Seattle Resident
@Joan, I don’t know about a solid re-election victory for Trump. This is not to say he can’t win, but he seriously screwed up the Covid-19 response, pretended the virus wasn’t a problem, and acted like he didn’t give a damn about people dying from the virus. Factor in that a lot of the base in the red states are getting hard hit with the virus, and many people have been thrown out of work in this depression. There are probably more than a few Trump supporters (excepting the hard core 30-35 percent) who believe they’ve been hoodwinked and regret voting for a huckster.
There should be a large turnout in the coming Presidential election and if most of those votes get counted, particularly in the swing states, that would bode well for Trump’s opponent, senile as he may be. Trump won in a low turnout year. Does he grow his base in the 2020 election? Or do republican operatives cause enough chaos and repress enough votes in the swing states to give Trump the edge, which I think would be his most likely shot at victory and not out of the realm of possibility.
bruce wilder
Trump won in a low turnout year.
It was not a “low turnout year”. It did not match 2008, possibly for an obvious reason, but the percentage of the voting age population voting was high relative to all other Presidential elections in the previous 40 years.
A lot of people will blame Democrats in Congress and as governors for screwing up, and they will not be wrong. Cuomo, a “hero” to a lot of teevee liberals, was a catastrophe. California, high tech, rich and blue, never mastered lockdowns, or testing and tracing, failed to protect its working-class Hispanic populations. The political mastermind, 80 year old Pelosi, has set herself up to attack Trump for seemingly trying “to do something” in defiance of House Dems, who gave up their bargaining chips back in March in their enthusiasm for free money for the Rich, means testing for everyone else.
Stirling S Newberry
Frances Allen, pioneer of informtion theory, change the way we think of IT – dead at 88.
https://www.lemonde.fr/disparitions/article/2020/08/10/frances-allen-pionniere-de-l-informatique-est-morte_6048608_3382.html
Hugh
The Fed is bailing out the rich. So Trump and Mitch have little interest in anything other than a cosmetic “we did something however small and ineffective so vote GOP” bill for the rest of us. Leverage wouldn’t be an issue except for the fact that the Republicans axiomatically don’t want to help most Americans. We could have had a meaningful bill with good benefits and no lapse of coverage –IF the Republicans had wanted one. But like every other aspect of the covid crisis, they just didn’t care, and still don’t.
Meanwhile Trump’s “I can’t be bothered with this” approach to the coronavirus has in 6 months killed more than 3 times as many Americans as were killed in all the years of Vietnam. And yet he has not been called out on this in anything like the way he should. There should be daily tickers of how many Americans Trump has gotten killed every single day.
js
If Trump can’t win it legitimately he will try to win it by cheating. And may succeed. He’s doing his best to undermine the post office but time is running out for that.
Plague Species
An even better comparison is the number of innocent, noncombatant Japanese civilians extinguished by the atom bombs dropped on Hiroshima and Nagasaki. Estimates range from anywhere between 135,000 and 210,000 people. It was mass murder of innocent civilians any way we slice it. So too is what Trump had done and is doing but the difference is, Trump is doing it to Americans and not the so-called enemy. Unless. Unless Trump and the cabal that supports and enables him actually consider innocent, noncombatant Americans enemies. Maybe they do. Maybe the Mercers and Bannons of the world consider unwashed Americans enemies and wish to murder as many as possible. If so, it makes sense what’s being done, or, I should say, what’s not being done to manage the pandemic.
Meanwhile, there’s Sturgis where Trump’s clueless, arrogantly ignorant stooges gather yet again to spread the virus far and wide. Herman Cain’s funeral was two days ago. No lesson was learned and no lesson will ever be learned by these folks. The only way to deal with this kind of recalcitrance is to eliminate it entirely from existence. There is no reasoning with it. They’re doing what OBL dreamed of doing — murdering millions of Americans, themselves included.
Willy
So when I besought advice from the great and wise Jordan Peterson, I found that he likely contracted the virus from his daughter’s attending a hookah party while he was getting treatment in Serbia for his drug addiction.
Ellen Degenerous may be a psychopath and Michelle Obama is depressed about the Trumpian monster they helped create. The self-made Elon Musk may just be another corporate welfare heir and Prince Andrew was as into the young stuff his friend Jeffrey Epstein provided as was Bill Clinton. Even Jerry Falwell Jr. has been seen hugging teenaged girls with his pants unzipped.
So many of our wealthy icons gone bad. Maybe we should protect Oprah before the Russians get to her too?
Ché Pasa
Bourbons. They’re all Bourbons. With a twist. These Bourbons can learn and they refine their cruelties and bloodlust with every lesson. These Bourbons also forget the lessons of the past.
Be like water. This phase has only just begun.
Gunther Behn
@Che Pasa — Can’t resist: So it’s to be Bourbon and Water, then?
S Brennan
Once again, Trump out-lefts the Wilsonian DNCers
“Democrats ready to get back to negotiating table as Trump bypasses Congress to extend $400 in added unemployment benefits…Whether Trump has the constitutional authority to extend federal unemployment benefits by executive order remains unclear. [The Administration] cautioned Democrats from challenging Trump’s order in the courts.
https://www.bostonherald.com/2020/08/09/democrats-ready-to-get-back-to-negotiating-table-as-trump-bypasses-congress-to-extend-400-in-added-unemployment-benefits/
Last week Pelosi thought she had “cleverly” managed to blame Trump for screwing millions of unemployed, this week, after Trumps jiu jitsu move, Pelosi finds herself in a lose/lose situation. Will Pelosi be able to stop Trump from evading her trap…without taking the blame for screwing over the unemployed?
The election depends on Pelosi screwing over millions to “energize” them to vote for Biden but…Trump has to be blamed for the suffering and he seems unwilling to play the sap for this dame. The DNCs game is a nasty piece of work but, I’m pretty sure Pelosi will figure out how to screw over the working class and then con the proles into thinking it was Trump who did the deed.
Oh how far the DNC has traveled away from the good works of FDR.
LarryB
Death of the Liberal Class Chris Hedges link is dead.
Defaults to a signup for your own blogging account.
Would really like to see the original.
Mark Pontin
Plague Species wrote: ‘Unless Trump and the cabal that … enables him actually consider innocent, noncombatant Americans enemies. Maybe they do … If so, it makes sense what’s being done, or, I should say, what’s not being done to manage the pandemic.’
I probably shouldn’t encourage you. But you’re getting warm.
Not enemies. Rather, expendables.
Trump is a glove puppet and his owners are ideologues, on a mission from God. And not incidentally, they’re not Republicans. (And no, not Russians either.)
S Brennan
Will the Deep State’s purposely withholding Covid-19 treatments until after the election in the hope that the increased suffering of plebeians will “energize” people to vote for Biden work? Dunno, not every D signed up to the Deep State’s favorite tune.
https://www.freep.com/story/news/local/michigan/detroit/2020/04/06/democrat-karen-whitsett-coronavirus-hydroxychloroquine-trump/2955430001/
https://www.washingtontimes.com/news/2020/aug/9/paul-vallone-democrat-nyc-council-member-hydroxych/
But let’s sing along with the Deep State and all the quisling Bush Rs & Clinton/Obama/Biden Ds
Murder by numbers, 1, 2, 3
It’s as easy to learn as your ABC
You can join the ranks of the illustrious
In history’s great dark hall of fame
All our greatest killers were industrious
At least the ones that we all know by name
But you can reach the top of your profession
If you become the leader of the land
For murder is the sport of the elected
And you don’t need to lift a finger of your hand
Because it’s murder by numbers, 1, 2, 3
It’s as easy to learn as your ABC