Progressive-Democrats don’t seem to care about economic recovery, only about using the current Wuhan Virus situation and the economic dislocation the virus has spurred for their own political power gain.
This is made plain by House Speaker Nancy Pelosi (D, CA) in an interview she gave to CBS News‘ Face the Nation Sunday.
…what we will not support is the following. What they’re saying to essential workers, you have to go to work because you’re essential. We’ve place no responsibility on your employer to make that workplace safe and if you get sick, you have no recourse because we’ve given your employer protection.
According to a 2018 Bureau of Labor Statistics survey—before the 2017 tax reform bill had been able to percolate into our economy in any serious way—we Americans spent more on the taxes Government exacts from us than we did on food, clothing, and health care combined.
Duke has been unable to use all the corporate-research and renewable-energy credits it accumulated because it has been using accelerated tax deductions for capital investments to lower its taxable income, said Dwight Jacobs, the company’s chief accounting officer. That bumped it up against tax-code rules that limit tax credits, leaving $1.8 billion in unused credits on Duke’s books. Under the proposal, the company could get that within months instead of years.
The proposal “would give us more cash today and that would cause us to avoid borrowing money that we would otherwise have to borrow,” said Mr Jacobs.
A writer, published in Wall Street Journal‘s Letters, responded to the idea that emphasis on education credentials over actual experience averred that the emphasis isn’t at all misplaced.
It’s more likely that there is a limited number of high-wage jobs available and that the market has efficiently set the wage based on the supply/demand curves.
This is a remarkably ill-informed claim, assuming as it does that we actually have an efficient market in labor.
Such a market cannot exist, though, in an environment where unions have monopoly power over labor in the industries in which they operate, nor can it exist in an economy with such widespread minimum wage mandates.
The “unrest” sparked by the murder of George Floyd in Minneapolis, and now by the killing of Rayshard Brooks in Atlanta, is encouraging Congressmen to include increased funding for State and local jurisdictions in any “next stimulus” package that might be in the offing.
States and cities facing budget shortfalls have warned they might need to pare back spending on public safety, including police officers and fire protection.
“Including police officers and fire protection” is a cynical excuse for spending yet more OPM.
House Progressive-Democrats have unveiled their “police reform” bill, a proposal crafted explicitly without Republican input. That last is neither here nor there for this post’s purpose. What matters is this claim in Eliza Collins’ Wall Street Journalarticle describing that bill and its alleged purpose:
The bill doesn’t provide any new federal funds for police departments, except where constitutionally mandated for data collection, according to Democratic aides.
This is an amazing claim. Maybe those Progressive-Democratic aides—or even Reporter Collins—would like to point to that clause in our Constitution that mandates Federal funds to police departments for any purpose, let alone “data collection.”
The censors have expanded their operation from the Facebooks, Alphabets, Twitters of our nation to our newsroom simulacra. Daniel Henninger noted the latest examples of the invasion:
In the past week, the editorial page editor of the New York Times, the editor of the Philadelphia Inquirer, and the editors of Bon Appétit magazine and the young women’s website Refinery 29 have been forced out by the staff and owners of their publications for offenses regarded as at odds with the beliefs of the current protests.
It’s more than mere censorship, though. It’s George Orwell and Franz Kafka in the press room collaborating on the press’ editorials.
Notice that California, Illinois, New Jersey, and New York all are Progressive-Democrat governed. And there’s that Republican-governed Florida.
This is the degree of economic dysfunction we can expect from a Progressive-Democrat-run nation.
Notice another thing. Employment by government, of either party, has been remarkably stable. This is the sinecure of jobs in government, the remarkably deep entrenchment of the bureaucrats in the Bureaucrat State.