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ban nock's avatar

I see no evidence that Democrats can avoid "big fiscal". We are still in the top down, big money to big corporations mode. Intel, the largest recipient of Democratic largess is a basket case. When I followed the monies for clean energy in the IRS, it went to our governor who couldn't spend it fast enough and it sat in the bank waiting for non profits to actually do something with all that money other then write grant proposals. Eventually the Trump admin took it back I hope. I've never seen that much money do so little.

The BS has been 40 years in the making, at this point neither party is going to convince anyone of anything until the actual money is in the paycheck. I'm a Democrat, and I'm not changing my party registration, but I've learned that in the privacy of my vote I can vote Republican. My vote has to be earned now.

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Ronda Ross's avatar

Surely the last nearly 2 decades, should have taught Americans, government cures are often far worse than the disease. The portion of the wealth held by the top 10% of US families has vastly increased over the past few decades. Biden alone increased the number of US billionaires by more than 20% during his term, with an economy mostly locked down for nearly 1/2 of it. When more than 1/5th of all US billionaires ever created in history, appear in just 4 years, during a 2 year government imposed economic freeze, that wealth was largely derived from the government spending.

Somewhere, someone knows exactly where all the Covid and Green spending trillions went, but we have a pretty good idea where the bulk of it landed. The Seattle Times, hardly a bastion of Biden hate, has reported under Joe's reign, the wealth of just the 100 wealthiest American families increased by more than $1.5 trillion. Overall, America's top 0.1% were enriched $6 trillion dollars, under Biden. Wealth that concentrated, that quickly, is rare in all of US history.

Americans in the bottom 4 quintiles were not handed no bid contracts for Covid mask theatre, or worthless school shields. Green companies, newly formed under Biden, are about to start filing Chapter 11 en mass, before they go Chapter 7, when their government subsidies completely disappear. Their owners and shareholders will overwhelmingly be Dem donors with DC connections. The same people who caught Covid dollars, when DC tossed them by the trillions.

Reps missed a huge opportunity to build a lasting majority coalition when they failed to raise taxes on the top 2% of wealthiest Americans. Dems should not make the same mistake, in the opposite direction. They must stop enriching America's wealthiest and calling the transfer of trillions,"stimulus".

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Richard's avatar
1hEdited

One of the reasons for the disruption of Big Fiscal was neatly described in your Saturday post about reverse watermelons. Until that is exorcisized, Democrats have both a perception problem that drives down electoral prospects and a governance problem that hampers pro-worker intervention in the economy. Even the Abundance agenda is in thrall to the reverse watermelons. Note also in the same post, in the poll about housing affordability, that the least popular alternative was deleting parking from housing. That this was even on the table was due to the malign influence of the reverse watermelons.

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