#us economic policy

[workersolidarity]

🇺🇸 🚨

UNITED STATES CONGRESS PASSES SERIES OF ANTI-DEMOCRATIC AND PRO-WAR BILLS DESPITE PUBLIC OPPOSITION

The United States Congress and Senate passed a series of bills, including three controversial anti-democratic and pro-war bills, two of which were tied together, on Saturday, bypassing public opinion and popular opposition to the profligate, pro-war, globalist, Neolib/Neocon agenda currently driving United States domestic and foreign policy.

Included in the bills passed was a bill to force TikTok to divest from its connections with China at risk of being banned immediately, which naturally was tied to a Foreign aid bill.

However, as even Republican Senator Rand Paul mentioned in an opinion piece in Reason Magazine, the Bill is almost certain to lead to more power for American political elites and their administrations to pressure companies like Apple and Google to further ban apps and sites that offer contradictory opinions to that of the invented narratives of the American Political class.

Before long, Americans, many of whom are already poorly informed, and heavily misinformed by their mainstream media, could lose access to critical information that contradicts the narratives of the United States government and corporate elites.

Horrifically, this only the start. The US Congress also extended the newly revised FISA spy laws, which gives the United States government the power to spy on the electronic communications of foreigners, while also conveniently sweeping up the conversations of millions of Americans, as we learned years ago thanks to the sacrifices of whistle blowers and journalists like Edward Snowden, Chelsea Manning and Julian Assange.

The new FISA Law goes further than this, however, granting US Intelligence agencies the power to spy on the wireless communications of Americans in completely new ways.

A recent Jacobin article describes these new powers as a, "radical expansion of government surveillance that would be ripe for abuse by a future authoritarian leader", or it could just be used by the authoritarian leadership we have right now, and have had for decades.

In fact, when one commentator described the new powers as "Stasi-like," Edward Snowden himself replied with a long post in which he remarked, "invocation of "Stasi-like" is not only a fair characterization of Himes' amendment, it's probably generous. The Stasi dared not even dream of what the Himes amendment provides."

The amendment in question just "tweaks" the current law's definition of an "electronic communication provider," which is being changed to "any service provider," something extremely likely to be abused by the government to force anyone with a business, a modem and people using their broadband to collect the electronic communications of those people, while also forcing their victims into silence.

The government could essentially force Americans to spy on other people and remain silent about it. Cafe's, restaurants, hotels, business landlords, shared workspaces all could get swept up into the investigations of the Intelligence agencies.

Worse still, because picking out the communications of a single user would be next to impossible, all of their victim's data would end up being surrendered to the authorities.

Sadly, the assault on Americans by their own political elites didn't end there, to top this historic day in Congress, at time when the United States public debt is growing at an astounding rate of $1 trillion every 100 days, US lawmakers also passed a series of pro-war aid packages to American allies (vassals) totalling some $95 billion.

Included in the foreign aid bill are aid packages totalling $61 billion for the Ukraine scam, $26 billion for Israel's special genocide operation in the Gaza Strip, and $8 billion to the Indo-Pacific to provoke WWIII with China, at the same time we're also provoking a nuclear holocaust with the Russian Federation.

Also buried in these aid packages is the authorization for the United States government to outright steal the oversees investments of the Russian Federation, and thereby the Russian taxpayers.

Astonishingly, and in direct opposition to the wishes of their own voters, Republican support was won without the possibility of conditioning the aid to any kind of border security, this despite the issue being among the top biggest concerns of Republican voters.

Although much of the money is to be used replenishing the heavily depleted stocks of America's weapons and munitions, it remains unclear where the munitions are expected to come from, as US defense production has remained sluggish and slow to expand despite heavy investments and demand in recent years, despite the rapid urgency with which the policy elite describe the situation.

It bodes poorly for working Americans that only a relatively small handful of lawmakers opposed the bills, producing unlikely bedfellows like Senator Bernie Sanders and Senator Mike Lee in the Senate, opposing the FISA bill.

While in the House, the loudest opposition to the foreign aid bill mostly came from populist Republicans such as Marjorie Taylor Greene, Thomas Massie and Paul Goser. Only 58 Congresmembers voted against the Foreign Aid Bill in which the TikTok ban was tucked.

Not one word from American politicians about the need to raise the minimum wage, which hasn't been increased since 2009 despite considerable inflation, nor a word about America's endlessly growing homelessness crises, property crime increases, or the 40-year stagnation of American wages, the deterioration of infrastructure, and precious little was said besides complaints about border security over the immigration crises sparked by American Imperialist adventures and US sanctions.

What we've learned today is that we are highly unlikely to see any changes to the insane behavior of the US and its allies any time soon, neither with regards to the absolutely bonkers Neocon foreign policy leading us to the edge of abyss, nor the spending-for-the-rich/austerity-for-the-poor Neoliberal domestic policy of the last 45 years.

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@WorkerSolidarityNews

Blue: titles are opinion pieces or analysis, and may or may not contain sources.

[somerandomg33k]

Tony West costed Kamala Harris the election

If folks can remember, Harris and Walz were talking the soaring prices and how corporate greed was behind that. That is a very popular talking point among voters. But then Tony West, Kamala's brother-in-law and formerly Uber's top lawyer, told the campaign to quiet down on that rhetoric. Squashing talks about the economy. So the campaign and the Dems didn't talk about the economy much leading up to the election. Or said, "The economy is fine. Inflation is down. Look at the numbers." That didn't translate well to the general voters. That didn't match up with their live experiences of higher prices.

People just wanted change for those reasons, according to many podcasts I have listen to. So Tony West telling the campaign to stop talking about the economy might have kill the campaign for Harris. And this has been the standard thing for the Democrats to ignore the hardship that regular working folks goes through. And that might have cost them this election.

Yes Trump will make the economy worse and prices will rise faster under him. But at least Trump talked about the economy and lied about what he will do. So some folks believe him because he was at least talking about the economy. Something the Democrats didn't do. And Democrats often seed the ground to the Thuglicans on this and many issues. And it is so frustrating.

Will the Democrats continue to listen their pundits, insiders, and advisers like Tony West, who obliviously are more looking out for their big corporates friends instead of regular folks? Will finally adopt actually popularly economic policies instead of listening to their donor class? I highly doubt it. So long as folks like Tony West still has power over the Democrats campaigns, I fear they will lose more often than they will win.

[shinobicyrus]

Hey, yanno how Climate Change is a real thing that is tangibly, at this moment, affecting our world?

Well it turns out, the wealthy and their investment firms have been seeing the mounting evidence that oil companies have had for decades and are slowly starting to think more long-term about their portfolios in the face of rising sea levels, more extreme weather, and the myriad of ways climate crises are affecting...well. Everything. Maybe this means they invest more into sustainability, green energy, building more resilient infrastructure, or carbon offsets. Some of it, of course, is simple corporate greenwashing, but there are those that are taking this trend and packaging it into something called ESG (Environmental, Social, and corporate Governance).

Now some people would say this is predictable, even sensible. Just the good ol’ Free Market(tm) rationally responding to market forces and a changing world.

But those people would be fools! Insidious fools! For conservative sorcerers have come out with a new cursed phrase to explain this new market trend: Woke Investing.

What makes this investing “woke?” Well, much like how conservatives normally flounder when trying to define a word they stole from black people, “Woke Investing” essentially just means any kind of capital investment that they, the fossil fuel billionaire class and their sycophants, don’t personally profit from.

One of these aforementioned sycophants is Andy Puzder, conservative commentator, fellow at The Heritage Foundation, and former fast-food CEO. He calls this kind of so-called woke investing “socialism in sheep’s clothing,” further explaining in leaked audio of a closed-door meeting:

“My father's generation's challenge was the Nazis, who, by the way, were, of course, very proud socialists[citation fucking needed]. The challenge of my generation was the communists, who were, of course, very committed socialists. The challenge of your generation is ESG investing, and it's more insidious than communism or the Nazis.”(source)

You heard it here first, folks. Not investing as much in fossil fuels is more insidious than the Third Fucking Reich.

As usual, the Heritage Foundation is putting their petro-chemical donor’s money where their mouth is. Bills are being proposed to blacklist banks that don’t invest in key state industries, such as West Virginia coal or Texas oil. Fourteen states have already passed bills to restrict ESG-type investing, with Florida Governor Ron “Bullies Kids for Wearing Masks” Desantis leading the charge.

In other words, Climate Denial has reached such a point that so-called Free Market Conservatives who claim to hate big government are trying to make it illegal for banks, investment firms, and financial institutions to make any financial decisions that acknowledges Climate Change is real.

[dontmean2bepoliticalbut]

[corvidcall]

idk why people think they can out-post the menswear guy, but every day im glad they keep trying so i get to see him obliterate them

[dreaminginthedeepsouth]

LETTERS FROM AN AMERICAN

September 4, 2024

Heather Cox Richardson

Sep 05, 2024

Long tonight, folks, but it’s been quite a day. And even still, I did not mention the day’s horrific shooting at a Georgia school.

Today, Vice President Kamala Harris announced a series of proposals to help entrepreneurs create small businesses. Like President Joe Biden, she and her running mate, Minnesota governor Tim Walz, argue that small businesses and entrepreneurs are the “engines of our economy.” In a statement today, they noted that “small businesses employ half of all private-sector workers in America—creating 70 percent of net new jobs since 2019—and do trillions of dollars of business every year.”

The Biden administration has boasted of the record number of new businesses created since Biden and Harris took office. There have been 19 million new business applications in that time. Harris said she and Walz are setting a goal of 25 million new business applications in their first term. Their plan, they say, is to “kickstart…more young, small, and innovative firms.”

To make this happen, they propose raising the deduction for startup expenses from its current level of $5,000 to $50,000, noting that the average amount a new business spends to get set up in its first year of operation is $40,000. They also propose funding a network of new and existing “federal, state, local, and private incubators and small business innovation hubs” that will make it easier for small business and local suppliers to get technical assistance, funding, customers, and so on. 

They also promised to make low-interest and no-interest loans available for small businesses, to protect and expand the support of the Affordable Care Act for small business owners, and to guarantee that one third of federal contract money will go to small businesses. They promise to make it easier for small businesses to file taxes, reduce excessive occupational licensing requirements, and urge state and local governments to cut the red tape of burdensome regulations by streamlining them across jurisdictions. 

Harris and Walz said they are committed to making the investments that will build the economy while also paying for them and reducing the deficit. “They also know,” their statement said, that “we need to support America as a locus of innovators, entrepreneurs, and workers coming together to create a better future.  

Harris calls this a New Way Forward, but it is curiously close to the old Republican reforms of the Progressive Era, when entrepreneurs joined forces with workers and farmers to demand access to capital and a fair economic playing field after decades in which a few wealthy industrialists stacked the system in their own favor. When we look at that era, as well as the New Deal reforms of the 1930s, we tend to emphasize reforms designed to benefit workers and farmers, but members of those groups always allied with entrepreneurs shut out of the system by wealthy industrialists. The demand for securities and exchange law in the 1930s, for example, did not come from western farmers, but from entrepreneurs who knew they could not break into the system if established businesses made up the rules amongst themselves.

Harris recalled that Republican reform impulse when she said we must make the tax system fairer. She called for rolling back Trump’s tax cuts and implementing common-sense tax reforms for corporations and the richest Americans. She calls for setting a minimum income tax for billionaires, the corporate tax rate to 28% (it was 35% before the Trump tax cuts), and quadrupling the tax on the stock buybacks that overwhelmingly benefit the wealthiest Americans.

She emphasized that no one earning less than $400,000 a year will pay more in taxes under her plans, and called for a tax rate of 28% on long-term capital gains for those who earn more than a million dollars a year. This is up from the current 20% rate, but less than the 39.6% rate Biden proposed in his 2025 budget. 

A Fox News Channel host applauded some of Harris’s ideas, saying, “When a political candidate comes up with what I think is a good idea, I have to call it a good idea. And a fifty thousand dollar…tax credit for startups or small businesses, coupled with less red tape, I’ve got to say, that is a good idea, regardless of her other tax ideas.” 

This was a nice endorsement of Harris’s policies, coming as it did after yesterday’s assessment by economists for the Goldman Sachs Group saying that the nation’s economic growth would take a hit if Trump wins, but will grow under a Harris presidency if she also has the support of a Democratic House and Senate.  

In her statement about economic policy, Harris called out Trump for supporting “himself and the biggest corporations” and noted that sixteen Nobel laureates have said that Trump’s policies would ignite inflation and trigger a recession by mid-2025. That recession, economists project, would cost more than 3 million jobs, explode the deficit, and raise costs. Harris pointed out that Project 2025 would cut funding for the Small Business Administration and make it harder for small businesses to get access to money. 

For his part, Trump has doubled down on the idea that the United States is a failing nation. For the past week he has been telling a story about a residential building in Colorado taken over by a gang from Venezuela. But it appears the story is entirely made up. Similarly, Trump on Friday said at a right-wing Moms for Liberty event that public schools in America kidnap children and operate on them to change their sex. This is bonkers, but it is bonkers in a way that deliberately demonizes Trump’s opponents.

Trump’s vision of the United States is one of darkness and carnage. As Democratic vice presidential nominee Tim Walz said today, “It is a deliberate effort by some people to make them believe that our political system is broken. To make them believe that things are pessimistic. My God, every time I hear Donald Trump give a speech, it’s like the next screenplay for Mad Max or something. They are rooting against America.”

That bleak version of the United States, it turns out, echoes the talking points Russian handlers gave to their operatives working in the U.S. in an effort “to steer the U.S. public opinion in the right direction.” The Russians directed their U.S. employees to emphasize the following “campaign topics”: “Encroaching universal poverty. Record inflation. Halting of economic growth. Unaffordable prices for food and essential goods”; “Risk of job loss for white Americans”; “Privileges for people of color, perverts, and disabled”; “Constant lies of the [Democratic] administration about the real situation in the country”; “Threat of crime coming from people of color and immigrants”; “Overspending on foreign policy and at the interests of white US citizens”; “Constant lies to the voters by [Democrats] in power.” 

The target audience of the campaign was “[Republican] voters,” [Trump] supporters, “Supporters of traditional family values,” and “White Americans, representing the lower-middle and middle class.” The focus was in particular on “[r]esidents of "swing states whose voting results impact the outcomes of the elections more than other states. 

This information came out today when the Departments of Justice, State, and the Treasury announced sanctions against 10 individuals and 2 entities, and criminal charges against two employees of RT, a Russian state-controlled media outlet, who allegedly funded a company in the U.S. to hire right-wing social media influencers to push Russian propaganda before the 2024 election. 

While the indictment does not name the Tennessee-based company the Russians funded, it appears to be Tenet Media, a company registered by Liam Donovan and Lauren Tam, who is associated with The Blaze and Turning Point USA, as well as RT. The two appear to be married. The indictment alleges that the company’s two founders knew they were working for the Russians, but suggests the six commentators—Lauren Southern, Tim Pool, Tayler Hansen, Matt Christiansen, Dave Rubin, and Benny Johnson, all staunch Trump supporters—did not know where their massive paychecks originated. After the story broke, five of the commentators denied any knowledge of the source of the company’s funding; some insisted their words were entirely their own. 

One of the videos the company pushed at the request of the Russians was what appears to have been right-wing host Tucker Carlson’s visit to a grocery store in Russia where he praised the low prices (which even the company’s founders thought “just feels like overt shilling”).

Separately, the Department of Justice seized 32 internet domains that “the Russian government and Russian sponsored actors” have used to influence the 2024 election. In a malign influence campaign called “Doppelganger,” these domains produced fake articles that appeared to be from major U.S. news sites, to which influencers and fake social media profiles on Facebook, X, Truth Social, and YouTube then drove traffic. 

Russian operatives called in bold type for Russia “to put a maximum effort to ensure that the [Republican] point of view (first and foremost, the opinion of [Trump] supporters) wins over the US public opinion. This includes provisions on peace in Ukraine in exchange for territories, the need to focus on the problems of the US economy, returning troops home from all over the world, etc.”

One of the documents produced in the affidavit justifying the seizure of the internet domains called for trying to stir up a conflict between the U.S. and Mexico in order to distract from the fact that the U.S. economy is “very healthy” under Biden.

Tonight, in an interview with Fox News Channel host Sean Hannity, Trump appeared to think he is running against Joe Biden. An internal email leaked to the press from the Trump campaign showed managers Chris LaCivita and Susie Wiles warning staff not to communicate with the press and suggested anyone doing so would be fired.

Today, Steph Curry of California’s Golden State Warriors basketball team and former representative Liz Cheney (R-WY) endorsed Vice President Kamala Harris for president. “Endorsing Kamala Harris is important for me and my family,” Curry said. “Knowing Kamala and having been around her, I understand she's qualified for this job."

“There was never a doubt that the courageous Liz Cheney would endorse Vice President Harris,” conservative judge J. Michael Luttig wrote, “because  Liz Cheney stands for America.  She is the very embodiment of country over party and country over self.  And she fears no one—least of all the former president.”

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[lesbiten]

i truly didnt mentally prepare myself for this result and idk what ill do if its not different by tomorrow lol

[chaosfish2775]

This election feels like a reality TV show. Trump is even ahead in the polls right now, though I don’t believe he will win. It’s crazy, there’s so much drama, the lead keeps shifting and changing. But we need to remember that this is real life, the outcome of this election will affect all of us for decades. The entire world for decades. Get out and vote, make your voice heard, don’t get complacent, don’t get lethargic, and don’t get apathetic. Vote, talk, debate. Volunteer, organize, do whatever you can with whatever you have. Vote Kamala Harris and Tim Walz to the White House! And get informed.

If you are wondering who is running for elections in your area, go to: https://www.vote411.org/ballot

[unopenablebox]

important part of my relationship is that my girlfriend isn't subscribed to money stuff, so when we walk to work together i can just describe really good money stuff bits to them

[txttletale]

I know little about the stuff of states. What strings do you think could go with the US' military support to Ukraine? I am not asking for proof or evidence, just some examples of what the US could be asking Ukraine in turn.

alright so--it's important not to think of this conspiratorially. a lot of people, when they hear 'US aid has strings attached', imagine a shadowy figure on the phone with zelensky saying 'oh, we'll help you in this war... but you have to do something for us...'. but it is usually¹ more structural than that. for example, i think we can all agree that if ukraine were to unconditionally surrender to russia, that would be bad.

but there are a huge range of other conditions that could be pursued as prerequisites or preferences for a peace treaty--and when the US & friends make ukraine's military effort dependent on their continued support, and then publicly declare support for maximalist war aims like 'punishing' russia, reannexing crimea, or arresting putin, they incentivise the ukrainian state to pursue those goals militarily and diplomatically & strengthen the political capital of these maximalists and militarists within ukraine compared to more moderate factions.

then there is--of course--the fact that all the weapons and planes and so on given to the ukrainian military (including a lot of nazis!) aren't going to go anywhere. by putting them in the hands of a US-aligned government and their allies (which, again, include a lot of nazis), the US is materially strengthening that political wing in ukraine for decades to come no matter what the outcome of the war. like, influencing through resource provision in international politics rarely means 'giving people stuff to make them align with you'--rather, it means 'giving the people who already align with you stuff'.

so tldr: by provisioning the ukrainian state to fight this war and expressing specific policy goals wrt russia, the USA is de facto materially promoting those policy goals within the ukrainian government and military, as well as materially promoting the power & influence of said government and military over its citizens!

[thashining]

You'll get 8 years of this

[siaradwast]

good god. done some brief catching up of the news over the past few weeks in the uk since ive been pretty tapped out due to focusing on uni and having like. a still ongoing mental health crisis. very bleak that having labour in charge literally seems no different to the conservatives. (didn't expect much but holy hell. it's bad) (giving ozempic to unemployed people to get them back to work? sending job advisors to visit patients in mental health hospitals? REAL suggestions from the health secretary of the uk). and now kemi badenoch is head of the conservatives.

[benjaminallhope-fulltimemind]

This is deeply ironic and funny given Elon Musk has a transgender child who refused to be related to him, he's a petty tyrant acting out against Gavin Newsom for "eroding parents rights" even though across America children are considered like property. Does anyone know how underfunded and hamstrung CPS is, parents can and do have the ability to do anything they want to their children without consequences? Anyways good riddance as while he helped start up the LA aerospace industry we've grown past him, I mean it isn't healthy economic wise to be dependent on a single company like SpaceX. So yeah it's funny this is the reason he's moving his entire company, just shows how insecure he is.

[elmacheteillustrated]

Strangling Venezuela

[tmcphotoblog]