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New York Times David Leonhardt - And Other Libs - Change Policy Stance On Global Warming

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The New York Times
The New York Times
Op-Ed Columnist

Op-Ed Columnist

There’s some new evidence that the Democratic Party is changing its approach to climate policy, and I think that’s good news.
The evidence comes in the form of the first detailed climate proposals in the 2020 presidential campaign, one from Beto O’Rourke and the other from Governor Jay Inslee of Washington. Neither one talks about a carbon tax or a cap-and-trade program, which were the focus of Democratic proposals for the last couple of decades.
But that old approach failed. Barack Obama tried to pass a cap-and-trade program — which would have raised the price of dirty energy — in 2009 and 2010 and couldn’t get enough votes in the Senate. It was his only high-profile legislative failure during those two years, when Democrats controlled Congress.
It fit a pattern, too. At the state level and in other countries, carbon taxes and cap-and-trade programs have often failed to pass. The political problem with them is that they focus people’s attention on the short-terms costs of moving away from dirty energy.
A more promising approach involves emphasizing the benefits of clean energy: less pollution, better health, jobs in new industries and, of course, less destruction from climate change. Inslee and O’Rourke are taking this approach. Their plans mandate a shift to clean energy, while leaving companies, local governments and federal officials to figure out many of the details later.
Cleaner cars, and much more
O’Rourke’s plan includes “a ‘legally enforceable standard’ that would force the United States to zero out its carbon emissions by 2050,” as Robinson Meyer of The Atlantic explains. Inslee “would require that, by 2030, 100 percent of new cars sold in the United States must be fully electric, 100 percent of U.S. electricity must come from carbon-neutral sources, and 100 percent of newly constructed buildings must emit no greenhouse gases from their kitchens, chimneys, or heating systems,” Meyer writes.
Would energy prices rise? Probably, at least in the short run. But the plans wouldn’t shine attention on these price increases to the exclusion of the larger benefits. And Inslee and O’Rourke don’t exclude the possibility of introducing a carbon tax or cap-and-trade program in the future. The Green New Deal takes the same approach.
I’ve changed my mind on this issue, as I explained in this magazine article. I used to favor starting with a carbon tax or cap-and-trade program, because they seem to be the most efficient way to attack climate change. But they’re not efficient if they never pass.
So I’ve come to think a different approach makes more sense: to start with a combination of energy standards, like those in the Inslee and O’Rourke plans, and government subsidies for clean-energy research, production and use.
Elsewhere: Ryan Fitzpatrick of Third Way praises the plans for leaving room for nuclear power, which some progressives oppose. I agree. Nuclear should be part of the solution.
The energy expert Narayan Subramanian mostly praises the plans, and gives O’Rourke’s higher marks for its savvier political approach: It includes government spending on clean energy that’s likely to be popular.
This spending, Grist’s Zoya Teirstein writes, includes “tax incentives to bring existing green technologies to scale, researching and developing new ways to bring down greenhouse gases, housing and transportation grants for front-line communities, and more.”
Subramanian added: “As others come out with their climate plans, I hope they recognize that the policy/politics are equally important. As much as we expect your plan to be feasible, we also expect you to build a broad coalition that can give us a mandate to pass ambitious climate legislation.”
Related, from The Times: “Here’s How to Cut Greenhouse Gas Emissions Without Taxing Them,” a 2018 Op-Ed by Justin Gillis and Jameson McBride.

The Unsettling Prerequisites Of An Open (Non-Fascist) Society

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Image result for "the best is enemy of the good" voltaire

My Dad's "lesson" that took longest to learn is that "perfection is enemy of the good," and that almost always an "accessible half loaf" is immeasurably better than an "inaccessible whole loaf."

New York Times David Leonhardt - And Other Libs - Change Policy Stance On Global Warming

I will also mention my Dad's teaching that if we, as a people, want to have an "open society," then the legal system's burden of proof must be so demanding that LOTS of guilty people will "walk."

Once a legal system establishes a loosey-goosey burden of proof, then prissy, pissy, finger-pointing, dry-as-bones, judgmental moralists abscond with The System and pretty soon you've got a "fascist" state. 

Couldn't happen here?

Duh.


I will also mention my Dad's teaching that if we, as a people, want to have an "open society," then the legal system's burden of proof must be so demanding that LOTS of guilty people will "walk."

Once a legal system posits a loosey-goosey burden of proof, then prissy, pissy, finger-pointing, dry-as-bones, judgmental moralists abscond with The System and pretty soon you've got a "fascist" state. 

Couldn't happen here?

Duh.

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Until just now, I did not realize Voltaire said such a thing!

"Love Truth But Pardon Error." Voltaire, The Pen Name Of François-Marie Arouet | made w/ Imgflip meme maker

Religion And Perfectionism

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"My Gripe With Christianity"

James' Epistle: "Judgment Without Mercy Will Be Shown To Anyone Who Has Not Shown Mercy"

The Christian Doctrine Of Damnation... And The Destruction Of Christ-Spirit

Compendium Of Best Pax Posts On Organized Religion And The Everyday Validation Of Violence

Bill McKibben "The Christian Paradox: How A Faithful Nation Gets Jesus Wrong"

People Want To Be Lied To: The Convergent Horror Of Faithful Falsehood And Aggressive Ignorance

Frank Zappa Prophesied A Fascist Theocracy. Barry Goldwater Agrees

Image result for "perfect is enemy of the good" voltaire


Here is how I introduced this post on my Facebook page:

To this day, my Dad remains a source of wonder to me and my four siblings - Janet, Kevin, Gerald, Bill.
He was generous, brave, cheerful, insightful, present and ever helpful to his family and his communities -- at work, at church, in the neighborhood and in the world.
With other lay Catholic activists he fought to end the racist banking practice called "redlining" by buying homes for Afro-American families in redlined white neighborhoods.
"My Dad's Attack On The Discriminatory Backing Practice Called Redlining"
http://paxonbothhouses.blogspot.com/…/my-dads-attack-on-dis…
The day Dad died, the mailman delivered letters from the bishops of Northern Alaska and Zululand, asking him to make yet another donation.
It was literally true that his kindness and generosity covered the world from A to Z.
Except for the New York Yankees, Dad was always on the side of the underdog.
William Wellington Archibald, a hardscrabble farm boy from the immigrant Irish community in Rush, New York, was also smart enough to realize that paradox and irony are regularly intertwined with essential truths.
Dad knew - in his marrow - that everything hinges on the breadth, depth and social diffusion of education.
He also understood the difference between education and instruction.
"Education And Instruction: Near Antipodes Cut Out For Cross-Fertilization"
http://paxonbothhouses.blogspot.com/…/education-and-instruc…


Trumpistas Should At Least Take A Peek

Trump's Base Neatly Defined: 1 In 4 Americans Say Parents Should Decide If Kids Are Vaccinated

Joe Biden's Pitch Perfect Epitomization Of Trump

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I Like Presidents Who Don't Cheat On Their Wives By Buying Sex From Porn Stars, Then Lie About It And -- To Conclude The Trifecta -- Pay Hus | made w/ Imgflip meme maker

I will venture that some of my Trumpista readers will be outraged.
The Clown can dish it out.
But neither he nor his devotees can take it.


About this website
PAXONBOTHHOUSES.BLOGSPOT.COM
Biden Gives Trump A Nickname: "Clown" https://www.politico.com/story/2019/05/04/joe-biden-trump-clown-2020-1301641

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  • Scott Toor Just getting tired of your contest jibberish. Your obbest with trump and you think everything you say is gospel. My mother taught me " never arque with a fool,other people might not know the difference".
  • Karen Kolbinsky Are you kidding? you have that right here in America to make fun of our elected president, Al'an. In other countries you'd go to jail or be put to death but that's what sets us uniquely apart from dictatorships like the ones millions of "immigrants' are fleeing to escape. But if you want to talk about real insanity and madness? check out what the idiots in congress are doing right now out of pure hatred and prejudice for a man in a red hat who only wants to make America "great".. now there are your CLOWNS.
Alan: First, I'm supplying a link to shed light on your statement that "in other countries you'd go to jail or be put to death (for political dissent) but that's what sets us uniquely apart from dictatorships"
"Nine Notorious Dictators, Nine Shout-Outs From Donald Trump"https://paxonbothhouses.blogspot.com/2019/05/nine-notorious-dictators-nine-shout.html
What stunted, crippling, narrow-minded news sources hold you so captive that you don't even know what's going on in the world?
How can you not know that Trump is a big fan of dictators, and - more generally speaking - autocratic government?
Trump is NOT an advocate of American democracy as we've traditionally known it.
At heart, "The Deplorable One" is an autocrat with a soft spot for dicators all over the world.
True to form, "Deranged Donald" is also a bitter critic of Canada which he calls a "national security threat."
Canada? A national security threat?!?
Notably, Trump never has a harsh word for Putin, Duterte, the Saudi Crown Prince and the rest of The Dictatorial Swamp.
Trump reserves virtually all his political vitriol for America's traditional allies, while calling NFL protestors "sons of bitches."
At the same time he identifies "good people" on both sides of the Charlottesville carnage, where a peaceful protestor was killed in a political climate inflamed by slogan-shouting anti-Semites. https://www.theatlantic.com/politics/archive/2017/08/nazis-racism-charlottesville/536928/
Trump is also a bitter critic of the European Union which anyone with a single functioning synapse knows is home to the largest number of stable democracies in the world.
Why do you conveniently overlook the entire European Union in your headlong rush to make favorable comparison between the "uniquely set apart" United States and death-dealing dictatorships like the Phillipines where Trump's murderous pal Duterte kills citizens at will.
Then there's this: "The death penalty has been completely abolished in all European countries except for Belarus and Russia, the latter of which has a moratorium and has not conducted an execution since 1999."
Of course, it is routine for "Christian""conservatives" to applaud the death-penalty so this killing of American citizens by the American government will warm the hearts of "Christian""cruelists."
American Conservatives And The Righteousness Of Cruelty https://paxonbothhouses.blogspot.com/2019/04/american-conservatives-and.html

"The Cruelty Is the Point": Trump And Many Of His Followers Delight In The Suffering Of Their Enemies http://paxonbothhouses.blogspot.com/2018/10/the-cruelty-is-point-president-trump.html

"Cruelty Is The Point": The Scam That Keeps Giving To The Rich - And Thieving From The Poor https://paxonbothhouses.blogspot.com/2018/10/cruelty-is-point-scam-that-keeps-giving.html

Then there's this: "The death penalty has been completely abolished in all European countries except for Belarus and Russia, the latter of which has a moratorium and has not conducted an execution since 1999."
Of course, it is commonplace among "Christian""conservatives" to applaud the death-penalty so this will warm the hearts of "Christian""cruelists."
It is a fact - plain as potatoes - that the United States puts its own citizens to death. How can you argue otherwise and make that argument in order to praise the United States as an "exceptionally" humane, blessed place?!?
When it comes to killing our own citizens we don't even rise to the standard of thug-dictator-kleptocrat Vladimir Putin.


Gen. William Tecumseh Sherman And U. S. Grant Coordinated The Destruction Of Native America

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General William Tecumseh Sherman
Wikipedia
https://en.wikipedia.org/wiki/William_Tecumseh_Sherman

Native Americans Have General Sherman to Thank for Their Exile to Reservations 
The Civil War hero brought his scorched-earth policy to the Plains—and wiped out Native Americans’ food supply.

Ulysses S. Grant Launched an Illegal War Against the Plains Indians, Then Lied About It 
The president promised peace with Indians — and covertly hatched the plot that provoked one of the bloodiest conflicts in the West


White Privilege And Identity Politics: A Look At "Indian Extermination" And The Civil War

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Alan: This is my reply to Fred Owens' Facebook "thread" located at the bottom of this post.

The essence of "white conservatism" is revealed by the "extermination of Indians," an actual phrase mouthed by post-Civil War politicians including General William Tecumseh Sherman.

Similarly, Sherman's friend, General Philip Sheridan, is remembered for his murderous motto: "The only good Indian is a dead Indian."

Men, women and children.

The "Trail of Tears" was not just a path between North Carolina and Oklahoma.

The "Trail of Tears" was everywhere.

And it originated in the heart of white America.

Along with The Civil War itself, these two all-white initiatives comprise the Twin Pillars of America's original "identity politics."

"We are white, Christian, civilized and blameless. And it is our divinely-ordained mission -- our Manifest Destiny -- to take this land from the savages and put it to good use."

Now, finally, we see the face of white identity politics leering from behind America's curtain of persistent platitude.

It is true that identity politics on "the left side of the aisle" has the very downside you describe.

But I agree with Michael Hood.

Identity politics "put heart in the law" and now "The Pharisee Party" -- alas, the Pharisees are always with us! -- wants its privilege back.

And to that end, white, "Christian""conservatives" intend to rip the heart out.

Consider America's defining moments:

The Civil War - White Christians Killing One Another On A Scale ISIS Can Only Dream Of

http://paxonbothhouses.blogspot.com/2015/10/reprise-civil-war-white-xtians-killing.html

The Origin Of "White Supremacy": "An Indigenous Peoples' History Of The United States"


Alan: The above post was my contribution to the following Facebook thread:
Fred Owens: Democrats, many of them, insist on putting people into categories and dividing the electorate by age, race and gender. This kind of discrimination is wrong and it is also a losing strategy for 2020. I like to think that the American people can judge a person by their character and behavior and not by their age, race and gender.
  • Fred Owens I look in the mirror in the morning and see an aging white male. Is that who I am to you? You can tell a lot about me that way. That is my category. Identity politics is such a short cut. You don't have to bother getting to know somebody, you can just tell by looking.
  • Michael Hood: when i hear kamala or mayor pete speak i forget their racial and sexual identities; identity politics is not about them; they’re successful and elite. it’s for the not-so-accomplished or privileged of their tribes who suffer discrimination. 
    ID politi
    cs attempt to assure that minorities are acknowledged equal under the constitution. 
    sad we have to list them in the law, but it’s the nature of humans (especially the right) to not accept that many people of different
    races, gender, disabilities and economic needs may not be able to bootstrap their way past discrimination and poverty. ID politics put heart in the law

"Trump To Step Away From Making His Businesses Bankrupt To Focus On Bankrupting Country"

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Why The European Union Is More Stable Than USA (And Is It Time For Blue States To Secede?)

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I never tire of reminding my fellow citizens that Andy Borowitz is a national treasure.
And I’m still waiting for someone to send me the name of a truly funny conservative comedian. (P.J. O’Rourke is a red herring.)
Not only do I think truly funny conservative comedians are nonexistent, I hypothesize that the lack of a sense of humor — at least a political sense of humor — is a core component of conservatism’s quandary.
Unable to laugh, conservatives can only stew in their juice until their pissyness and pissed off-ness find expression in spite, malice and vindictiveness.
Oh! Their ill will also manifests in the core accusation that everyone left-of-center is a baby killer.
(Over the next few days I will demonstrate that pro-lifers are inordinately responsible for high abortion rates worldwide whereas those societies with safe, legal abortion, readily accessible contraception and widely diffused sex education exhibit precipitously lower rates of abortion.)


About this website

NEWYORKER.COM
Fast-food workers and other service employees took to the streets in large numbers on Thursday to demonstrate their conviction that members of Congress deserve a maximum hourly wage of fifteen dollars.

  • KK: I never tire of reminding my fellow American citizens that if a minimum wage of $15 an hour is imposed on us you will never again have the convenience of FAST FOOD .. most of your favorite places to eat will be shut down. Not bad though.. rice and beans will work for most of us.
    • Alan Archibald to KK: The United States of America is considerably less likely to live as long as the humane states of the European Union.
    • ZZAlan, much as I generally disagree with Karen, how would you substantiate this claim?

      Given the European continent's history, cultural strife, and national density, it seems far less stable to me.
    • Alan Archibald I think you drastically underestimate the crazed power of American "conservatives." It calls to mind whack-jobs "on bath salts" chewing people's faces off.

      If "conservatives" win next year, future prospects for the survival of "the last, best hope of earth" take a dive.

      However, secession of "the blue states" linked by a pre-arranged Canadian "federation" (and/or "pot-sweeteners" to secure a blue-state "corridor" through North Dakota, Montana and the Idaho panhandle) looks like a very strong polity, a powerhouse that would leave "Jesus Land" with far fewer advantages than it now enjoys fully integrated into lower 48. http://paxonbothhouses.blogspot.com/.../reprise-red-state...

      A confession...

      I have never understood Lincoln's passion to keep the United States together. It always seemed to me that if the Yanks let the Rebs secede, it would not have taken but fifty years of "stewing in their own backward juice" before confederate states -- tails between their legs -- started begging for re-admission to the Union.

      Anyhow, if the economy stays strong, Trump can win next year. 

      It'll be nip and tuck, but he'll have a shot. 

      On the other hand, if Trump loses next November, people on both sides of the aisle -- including Trump himself -- are starting to suggest that The Cultural Terrorist will not concede. In Trump's words he's "owed" a two-year do-over due to the Mueller probe and "Resistance" opposition preventing him from launching America's economy into the stratosphere.

      I don't grant much credence to any of this speculation, but if Trump loses, I see him embarking a perpetual road trip to bask in the adulation of neverending rallies, all the while stoking the nation's smoldering civil war - a recrudescencse of the last one. 

      Reprise: The Civil War - White Xtians Killing One Another On A Scale ISIS Can Only Dream Of
      http://paxonbothhouses.blogspot.com/.../reprise-civil-war...

      On the other side of the Atlantic, I admit that Poland, Hungary and Italy are problematic. 

      But Germany, France and all the other EU countries seem considerably more solid than the United States, with the somber menace of Brexit informing the rest of Europe that voting to leave the European Union was as stupid as Americans voting for Trump to "shake things up." (I should mention that, in fact, Americans did NOT vote for Trump. Rather, the Electoral College -- with a boost from Putin's meddlers -- voted for His Despicability. In fact, Hillary got 4.56% more popular votes than pussy-grabber. It is an easy number to remember: 4, 5, 6. Here's what Trump had to say about The Electoral College in 2012. http://paxonbothhouses.blogspot.com/.../5-years-ago-trump...)

      I have predicted from the beginning that Great Britain will not consummate Brexit. Already a number of linchpin London bankers have relocated to Paris, and I suspect the émigré tide has not turned definitively only because British bankers can't conceive that their fellows are stupid enough to go through with Brexit.

      But anything can happen and if Brexit does take place, there could be trouble across Europe. 

      By the same token, if Brexit does come to fruition, that rupture will be catastrophic for Britain and -- since "it's an evil wind that blows no one good" -- I believe the beneficiary will be mainland Europe.

      Plus, a very large percentage of gringos are ignorant boors whose dream of "high civilization" is open-carrying in church.
      Reprise: Red State Moocher Links: Time For "The Confederates" To Look In The Mirror
      PAXONBOTHHOUSES.BLOGSPOT.COM
      Reprise: Red State Moocher Links: Time For "The Confederates" To…
      Reprise: Red State Moocher Links: Time For "The Confederates" To Look In The Mirror

Cartoon: Despot Donald And The Rule Of Law

Cartoon: Trump And The NRA

Cartoon: Trump, A Man Of His Word

"The Perfect is the Enemy of the Good," NeuroLogica Blog

"The Buck Stops...."

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"The Buck Stops Anywhere But Here." "The Buck Stops Here." | made w/ Imgflip meme maker
Alan: Prior to Trump, U.S. presidents routinely "accepted full responsibility" for what their appointees did.

It is unimaginable -- utterly inconceivable -- that Trump would accept full responsibility for his own shortcomings, much less those of an underling.

Unthinkable.

That Trump's "good, white Christian Base" cannot comprehend the horror of such craven irresponsibility is not just a measure of how far Trump has fallen, but how far "conservative""Christianity" has fallen.

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Oz And The Apocalypse

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Dear Maria and Danny,


I realize that the following post paints an ugly, disturbing - and potentially depressing - picture.

However, it is also written against the backdrop of a historical moment in which the curtain has been pulled back on Oz.

As jolting as this "revelation" has been for those 85% of Americans who are essentially uninterested in anything but their "daily rounds" -- "getting and begetting" -- this "apocalyptic" moment when "the veil is lifted" is, as I see it, an inevitable step along the way to twofold "realization" - both as a deepening of individual awareness and also as a psycho-spiritual passage that simply must be traversed.

Not unlike a soon-to-be-born infant entering the birth canal.

And so, I remain hopeful that the inevitability of expanding consciousness (which routinely brings pain as well as promise) will result in full "realization" once we have collectively digested the sickening horror that is, blessedly, coming to light.

White Privilege And Identity Politics: A Look At "Indian Extermination" And The Civil War

https://paxonbothhouses.blogspot.com/2019/05/white-privilege-and-identity-politics.html 

The cat is out of the bag.


The genie is out of the bottle.

What we are now seeing after centuries of persistent platitude is the unvarnished - and previously obfuscated - truth of things (which, in shorthand, can be called "Dominance/Submission Hierarchy).

Since the cat (and the genie) can no longer go back where they came from, we will struggle to do what humans have routinely done "at our best." 

We will convert this breakdown into a breakthrough.

Love you toneladas

Daddy man

PS To conclude on an up beat: 

"Tolkien, Lewis, Rowling and The Redemption Of The Modern World"

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Forbes: Why We Took Trump Off The Forbes 400 During His Decade Of Tax Losses

True To Type, Republican Trickster Equates Caramel Frappucino With 30 Pieces Of Silver

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Alan: Trumpista conservatives cheat in a heartbeat. 

They will say any damn thing because they believe lies are more politically advantageous than truth. 

And on "the right side of the aisle" -- where everything is topsy turvy and every day is "opposite day" -- that may be an accurate assessment.

Jacob Wohl Defends Tricking College Kid to Accuse Mayor Pete Of Sexual Assault: He ‘Got A Caramel Frappuccino’
https://www.thedailybeast.com/jacob-wohl-defends-tricking-kid-to-accuse-pete-buttigieg-of-sexual-assault-he-got-a-caramel-frappuccino

Pax On Both Houses: Compendium Of Voter Fraud And Voter Suppression Posts

The Daily Show Interviews Republican Official Who Spills Beans On Deliberate Voter Suppression 
Masquerading As Prevention Of Voter Fraud
http://paxonbothhouses.blogspot.com/2013/10/jon-stewart-asif-mandvi-investigates.html

Republican Party Is "Full Of Racists," Colin Powell's Chief Of Staff
http://paxonbothhouses.blogspot.com/2012/10/republican-party-is-full-of-racists.html

"Dog Whistle Politics": Coded Language And The Rise Of Racially Scornful Political Rhetoric

Dirty Trickster Lee Atwater: The GOP SOB At The Heart Of Republican Barbarism (Hidden Mic)

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Couldn't Happen Here?
It Has Happened Here.

Republican Presidential Candidate Pat Buchanan "Summarizes The Republican Philosophy"

Compendium Of Best "Pax" Posts About Devious Donald, "The Deplorable One"



Best Trump Memes From "Pax On Both Houses"

Trump Says Gaming Tax System Was "Sport" While Admonishing The Poor For Using Welfare

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Trump Says Gaming Tax System Was "Sport" 
While Admonishing Poor Americans For Using Welfare

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%

U Mass Professor Emeritus Richard Wolff Provides Out-Of-The-Box Views

Cartoon: A "Free Lunch" Is American Conservatism's Unrelenting Nightmare

Canada, Sweden and The Collapse of American Culture

American Woman Living In Sweden Describes The "Socialist Nanny State." (Sounds Like Heaven)

"Trump Tax Plan Looks Like A Plutocrat's Dream," The New Yorker

"Trump’s Tax Plan: Low Rate For Corporations.. And For Companies Like His," New York Times

Trump's Tax Cuts Ignore History And Arithmetic In Order To Make The Rich -- And Himself -- Richer

Kansas Republican Says 'Reckless' State Tax Cuts Offer Warning For U.S.

Kansas Bond Rating Downgraded After Republican Tax Cuts

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Do Tax Cuts For The Rich Promote Prosperity And Job Growth?

We All Pay Higher Tax Rates Than The Rich: A Lesson In Class Warfare

The New Yorker: "The Shocking Numbers Of The Republican Tax Plan"

In Its Current Form, The GOP Tax Bill Will Only Cause 8% Of Executives To Increase Hiring


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An Anti-Vax Mom Converts To Science, Vaccinates Both Her Children

"The Trump Boom," David Leonhardt, The New York Times

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Nobel Laureate Joseph Stiglitz On The Economic Self-Destruction Of Unequal Wealth Distribution

Under Trump, The National Debt (Which He Promised To Eliminate) Will Sore 57% In 4 Years

"Thirty Years Of Conservative Nonsense: An Explainer." Are Conservatives Ever Right?http://paxonbothhouses.blogspot.com/2014/11/thirty-years-of-conservative-nonsense.html

The Facts Are In: The Republican Party Is Terrible For Prosperity But Unparalled At Catastrophe


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The New York Times

Thursday, May 9, 2019


The Trump Boom
<nil>
Op-Ed Columnist

Op-Ed Columnist

You’ve no doubt seen the headlines: The unemployment rate is at its lowest level in nearly 50 years. Wages are rising at a decent clip. President Trump is taking credit, and his critics are nervous that this apparent Trump boom may help him win re-election.
How should you make sense of all this? I have three suggestions:
1. The economy really has improved.
Last summer, I wrote about a wage slump: Although the economy was growing, the average hourly wage for private-sector workers was increasing at only about the same rate as inflation. Rising gas prices were a big reason. Since then, wage growth has picked up a bit, as the unemployment rate has continued to fall, and inflation has dropped noticeably.
The result is a clear rise in wages, as you can see in the yellow line above. That’s good news. Americans need a raise. But as the chart shows, the recent raise doesn’t reflect some wholly new dynamic in the job market. It’s more about inflation, which can be volatile, than nominal wages.
Perhaps even more notably, the chart shows that the recent wage gains are nothing remarkable. The increases in 2015 were larger.
2. Trump’s policies have lifted short-term growth.
didn’t like his tax cut, but it did inject a whole lot of money into the economy. That money has boosted economic growth in recent months. Paul Krugman explained the dynamic in a recent column, called “The Economics of Donald J. Keynes.”
Trump’s economic policy is also the subject of the new episode of “The Argument” podcast. Ross Douthat, Michelle Goldberg and I have some disagreements, but we all agree the economy is enjoying a temporary jolt right now.
3. There are reasons to think it won’t last.
The federal government isn’t likely to pass a big tax cut again this year, which means the stimulative effects will start to wear off. There are already some signs of a potential slowdown: As good as the latest G.D.P. report was, even it offered reasons to think growth would soon slow, as Jason Furman of Harvard noted.
And although inflation isn’t about to spike, it does seem to be rising. Gas prices are again a big factor. After falling late last year, they’ve risen again this year.
The political effects
You should always view economic forecasts with extreme skepticism. It’s virtually impossible to know with any confidence where the economy is headed.
I think the most likely situation in 2020 is that the economy will be neither a big help nor a big problem for Trump. It will probably keep growing, but not as strongly as it has over recent months. Even more important, most Americans have endured more than a decade of disappointing G.D.P. growth and even worse wage growth. Workers have lost so much bargaining power that even a very low unemployment rate no longer guarantees strong wage growth. A few good months have not left workers feeling flush.
With all that said, I want to acknowledge the possibility that the economy will do better than now seems likely, and that Trump will be able to base his re-election campaign on its strength. In that case, as Bret Stephens has argued, Democrats will need to figure out how to explain why he still doesn’t deserve a second term.
Presidents may have limited control over the economy’s movements, but citizens often vote as if presidents deserve the credit or the blame.
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