Monetary Policy Reimagined

Update 474: Monetary Policy ReimaginedWhat the Fed’s Momentous Moves Mean With no recent fiscal action from Congress, all eyes have been on the Federal Reserve. Leery of criticism of TARP and other financial policy responses during the Great Recession, the Fed recently announced a series of new changes to its approach. These changes may augur …

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Filibuster Rule [Nerd Alert]

Update 473: Filibuster Rule [Nerd Alert]To Reform Policy, First Reform Process The upcoming elections will render a provisional verdict on the eternal question of the role of government. But that verdict could provide a mandate for government response to the various national crises and decisive federal action.  The current gridlock that produces judges but not …

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$260bn+ in CARES Unused

Update 472: $260bn+ in CARES Unused; A Fiscal Fix for Fed Facility Failures? $454 billion was provided in the CARES Act enacted in March, the biggest corporate assistance package since TARP. Today, $259 billion remains uncommitted. All the while, fiscal relief has run out and the American people are suffering. While the $259 billion sits idle, …

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GOP’s Unkindest Cuts

Update 471 — GOP’s Unkindest Cuts:The Skinny on Mitch Bill to Slash CARES Even emaciated elephants don’t change their stripes. Mitch McConnell’s half-baked, half-loaf, half trillion dollar retreat from the last GOP relief offer would cut CARES benefits across the board. This when 30 million Americans are newly out of a job, millions of firms …

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Economic Impact of COVID on Millennials

Update 470 — Generating Inequities:Economic Impact of COVID on Millennials For the 75 million Americans born between 1981 and 1996 — the millennial generation — the economic scars caused by COVID will last longer and do more material harm than for any other cohort. From distant or delayed classroom learning at tuition rates making education …

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Growing Chorus for Relief Administration Joins in; Will Mitch Switch?

Update 469 — Growing Chorus for ReliefAdministration Joins in; Will Mitch Switch? ‘Twas the week before Labor Day when all through the Senate, few creatures were stirring, at least from their tenets. In fact, the GOP Senate leadership needs a fig-leaf to act. Sticking to ideology is an increasingly risky proposition for the majority in …

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GOP’s Harsh Reality TV Show

Update 468: GOP’s Harsh Reality TV ShowFeat. a Spinning Stage without a Platform Amid the various Hatch Act violations and lots of Fauci-pas, speakers at the GOP Convention this week warned about events that would happen under a Biden administration that are already happening now under Trump. With various hyperbolic and denialist accounts of and prescriptions …

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Biden, Democrats Outline Recovery Plans

Update 466: How to Restart Stalled Economy?Biden, Democrats Outline Recovery Plans Last night, Democrats across the country watched as Vice President Biden took the stage to deliver his keynote address. He met the moment with poise, painting a detailed picture of a future without Trump. But his message reassured with clear vision. He presented a …

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Big Tent on Display, Convention Day 1 & 2

Update 465: Broad Progressive Message,Party’s Big Tent on Display at Convention Democrats are gathering this week, albeit virtually, for the Democratic National Convention “hosted” in Milwaukee. Though unconventional, the program for the first two nights has showcased a breadth of support and degree of unity of purpose rarely seen among Democrats.  The Party’s platform, which …

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