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Joinfortmill

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Member since: Sat Jun 15, 2019, 10:56 PM
Number of posts: 9,898

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The Democrats vs The Republicans (my words)

https://heathercoxrichardson.substack.com/p/january-25-2023

Heather Cox Richardson: Letters from an American (Please read the entire letter. It is that important - my words)

'Democrats are...staying out of the way and letting Speaker Kevin McCarthy and the House Republicans make a spectacle of themselves...Senate Republicans seem to be keeping their heads down while the House Republicans perform for their base...they intend to slash Social Security and Medicare...Since the 1980s antitrust laws, the government had stopped enforcing laws to prevent giant corporations from concentrating their power. The result had been less growth, weakened investment, fewer small businesses, less bargaining power for workers, and higher prices for consumers...“[T]he experiment failed,” ...Biden..change(d) the direction of the government’s role.... it has claimed the ability to review previous mergers that it now deems in violation of antitrust laws, citing the 1911 breakup of Standard Oil.

...the Democratic Congress—along with some Republicans—passed a number of laws that have shifted the economic policy of the nation...The country added 223,000 jobs in December, and the unemployment rate went down slightly to 3.5 percent. The last two years of job growth are the strongest on record...10.7 million jobs were created and a record 10.5 million small businesses’ applications were filed in the past two years...median weekly earnings rose 7.4% last year, slightly faster than inflation. For Black Americans... the median rise was 11.3% over 2021. A median Hispanic or Latino worker’s income saw a 4.8% raise, to $837 a week... The Inflation Reduction Act gave Medicare the power to negotiate drug prices with pharmaceutical companies and capped the cost of insulin for those on Medicare at $35 a month (Republicans blocked an attempt to make that cap available for those not on Medicare). It made hearing aids available over the counter, making them dramatically cheaper, and it also expanded subsidies for the Affordable Care Act. Today the Department of Health and Human Services announced that a record number of Americans enrolled in the ACA in the last open enrollment period: 16.3 million people.

For 40 years the Republican Party offered a vision of America as a land of hyperindividualism, in which any government intervention in the economy was seen hampering the accumulation of wealth and thus as an attack on individual liberty. The government stopped working for ordinary Americans, and perhaps not surprisingly, many of them have stopped supporting it. Biden refused to engage with the Republicans on the terms of their cultural wars and has instead reclaimed the idea that government can actually work for the good of all by keeping the economic playing field level for everyone....Biden and members of his administration are taking to the road to tout their successes to the country, especially to those places most skeptical of the government. If they can bring the Republican base around to support their economic policies, they will have realigned the nation as profoundly as did FDR and Theodore Roosevelt before them.

The Democrats vs The Republicans (my words)

https://heathercoxrichardson.substack.com/p/january-25-2023

Heather Cox Richardson: Letters from an American (Please read the entire letter. It is that important - my words)

'Democrats are...staying out of the way and letting Speaker Kevin McCarthy and the House Republicans make a spectacle of themselves...Senate Republicans seem to be keeping their heads down while the House Republicans perform for their base...they intend to slash Social Security and Medicare...Since the 1980s antitrust laws, the government had stopped enforcing laws to prevent giant corporations from concentrating their power. The result had been less growth, weakened investment, fewer small businesses, less bargaining power for workers, and higher prices for consumers...“[T]he experiment failed,” ...Biden..change(d) the direction of the government’s role.... it has claimed the ability to review previous mergers that it now deems in violation of antitrust laws, citing the 1911 breakup of Standard Oil.

...the Democratic Congress—along with some Republicans—passed a number of laws that have shifted the economic policy of the nation...The country added 223,000 jobs in December, and the unemployment rate went down slightly to 3.5 percent. The last two years of job growth are the strongest on record...10.7 million jobs were created and a record 10.5 million small businesses’ applications were filed in the past two years...median weekly earnings rose 7.4% last year, slightly faster than inflation. For Black Americans... the median rise was 11.3% over 2021. A median Hispanic or Latino worker’s income saw a 4.8% raise, to $837 a week... The Inflation Reduction Act gave Medicare the power to negotiate drug prices with pharmaceutical companies and capped the cost of insulin for those on Medicare at $35 a month (Republicans blocked an attempt to make that cap available for those not on Medicare). It made hearing aids available over the counter, making them dramatically cheaper, and it also expanded subsidies for the Affordable Care Act. Today the Department of Health and Human Services announced that a record number of Americans enrolled in the ACA in the last open enrollment period: 16.3 million people.

For 40 years the Republican Party offered a vision of America as a land of hyperindividualism, in which any government intervention in the economy was seen hampering the accumulation of wealth and thus as an attack on individual liberty. The government stopped working for ordinary Americans, and perhaps not surprisingly, many of them have stopped supporting it. Biden refused to engage with the Republicans on the terms of their cultural wars and has instead reclaimed the idea that government can actually work for the good of all by keeping the economic playing field level for everyone....Biden and members of his administration are taking to the road to tout their successes to the country, especially to those places most skeptical of the government. If they can bring the Republican base around to support their economic policies, they will have realigned the nation as profoundly as did FDR and Theodore Roosevelt before them.



About Recently Arrested Charles McGonigal, former FBI Official for New York field office...

https://heathercoxrichardson.substack.com/p/january-23-2023
Heather Cox Richardson: Letters from an American


'On Saturday, authorities from the Department of Justice arrested Charles McGonigal...McGonigal worked for the FBI from 1996 to 2018...Director James Comey named McGonigal the head of counterintelligence for the FBI’s New York field office...McGonigal supervised and participated in investigations of Russian oligarchs...Charges against McGonigal—stem from his connection to Oleg Deripaska, a Russian oligarch close to Vladimir Putin (and)...Paul Manafort...convicted...of crimes associated with his ties to Russia. McGonigal is charged with violating sanctions by taking money from Deripaska to investigate one of his rivals, and with money laundering... of hiding multiple cash payments from a foreign intelligence official and of trying to get the sanctions on Deripaska removed.

While there is a lot we still don’t know, we do know that in 2018, Comey told Congress he worried that officials in the FBI’s New York field office had given Trump ally Rudy Giuliani sensitive information in the last days of the 2016 election, after Giuliani had said so in front of television cameras. We know that Comey told investigators that he released news of the reopened investigation of Clinton’s emails—against Department of Justice policy—out of concern that “people in New York” would leak that information. Former acting attorney general Sally Yates was clearer. She told the inspector general that Comey and other FBI officials “felt confident that the New York Field Office would leak it and that it would come out regardless of whether he advised Congress or not.”'

We also know that after McGonigal left the FBI, he went to work for Brookfield Properties, the multibillion-dollar real-estate company in New York that handled the bailout of Jared Kushner’s 666 Fifth Avenue by a $1.1 billion, 99-year lease—all paid up front—thanks to the Qatar Investment Authority...None of those things is currently on the table in the indictments, and they might not turn out to be significant. But my guess is that this case will continue to develop.


House Republicans are Playing with Fire with Our Economy

https://hartmannreport.com/p/house-republicans-are-playing-with

'...Buckle up - we’re in for a wild ride that could spell worldwide disaster...the House Republican threat to crash our economy if Democrats don’t agree to gut aid to higher education, the EPA, Social Security, Medicare... is worse than most people realize. McCarthy’s goons really intend to follow through on their threat to cripple America if Democrats won’t go along with cutting entitlements for average working people and regulatory agencies.

House Republicans are doing this for two reasons...First, House Republicans think it’ll help them politically...Financial crises...are great opportunities for morbidly rich investors to make big money...The world’s 10 richest billionaires, for example, doubled their wealth since the pandemic started...Second, House Republicans have no sense of history... A default could throw us into a second Republican Great Depression that...“could last for more than a generation...If the GOP takes us into default...Moody’s Analytics’ Chief Economist Mark Zandi says it would wipe out as many as 6 million jobs and destroy $15 trillion in household wealth. Unemployment would rapidly spike, he notes, to at least 9 percent and the stock market would fall by a third.

Back in 2011 Boehner managed the negotiations around the debt ceiling, leading to a deal with Democrats that saved us from default...Boehner notes that he passed over McCarthy as Speaker when he retired...because McCarthy wasn’t willing to go along with the deal....McCarthy, whose willingness to burn the nation down in 2011 led to Boehner replacing him with Paul Ryan...'





Something To Ponder... Looking at you Congress & Media Pundits (my words)

https://heathercoxrichardson.substack.com/p/january-19-2023

Heather Cox Richardson: Letters from an American

'As Treasury Secretary Janet Yellen warned..., the U.S. hit the debt ceiling, although it can avoid default for a few months with...“extraordinary measures.”...Most of the media discussions of the crisis... focused on whether the Democrats would agree to negotiate with the hard-right Republicans, who want cuts to domestic spending before they will agree to raise the debt ceiling to access money that Congress has already appropriated.

...since 1981, the Republicans have made cutting taxes the centerpiece of their economic policy, arguing that putting more money in the hands of the “makers,” rather than the “takers,” will enable those makers to invest in production and hire more workers, thus expanding the economy...But forty years of so-called supply-side economics have demonstrated that this system does not, in fact, create extraordinary economic growth. Instead, it moves wealth upward, really quite dramatically, and creates deficits.

...one of the reasons we need an increase in the debt ceiling is that the 2017 Trump tax cuts, especially the cut in the corporate tax rate from 35% to 21%, dramatically increased the deficit without promoting growth. The nonpartisan Congressional Budget Office estimated in 2018 that the tax cuts would increase the deficit by about $1.9 trillion over 11 years. It seems like repealing those 2017 tax cuts, at least, would be factoring into discussions of addressing the deficit.'

Well, that should show 'em who is boss! (my words)

'Federal inspectors fine Amazon $60,269 for putting workers at risk
Workplace safety has been a key motive for Amazon workers to unionize'

https://qz.com/amazon-fined-for-warehouse-safety-violations-1850005916?utm_source=email&utm_medium=daily-brief&utm_content=

'According to OSHA assistant secretary of labor Douglas Parker, Amazon consistently prioritized meeting delivery quotas over the health of its workers. “While Amazon has developed impressive systems to make sure its customers’ orders are shipped efficiently and quickly, the company has failed to show the same level of commitment to protecting the safety and well-being of its workers,”...'

The...penalty of $60,269 for the violations,.. is a tiny fraction of the $503 billion in revenue the company made last fiscal year. Yet Amazon still intends to fight it.'


Republicans Want to Eliminate the U.S. Income Tax They Invented. Yup, It's True...

https://heathercoxrichardson.substack.com/p/january-18-2023

Thank you Heather Cox Richardson for keeping us informed about how the past informs the present:

'One of the promises House speaker Kevin McCarthy (R-CA) made to the extremist members of the Republican conference to win his position was that he would let them bring the so-called Fair Tax Act to the House floor for a vote....The measure repeals all existing income taxes, payroll taxes, and estate and gift taxes, replacing them with a flat national sales tax of 30% on all purchased goods, rents, and services.

The bill says the measure will “promote freedom, fairness, and economic opportunity.”...But a 30% sales tax on everything doesn’t seem to do much for fairness or economic opportunity for all, since it would, of course, hit Americans with less money to spend far harder than it would Americans with more money to spend...

But the measure is illuminating. It explicitly rejects the position, and the principles, of the original Republican Party....Members of the Republican Party invented the U.S. income tax during the Civil War, and they created the precursor to the IRS to collect it....Such a bill is not going to pass this Congress, and if it did, President Biden would not sign it.'

What you always wanted to know or didn't about the 'debt ceiling'

Why the US is always hitting a "debt ceiling"

'But let justice roll on like a river, and righteousness like an ever-flowing stream'

'Trump's DOJ nemesis indicted presidents, mafia before job deciding Trump indictment I MSNBC report'

Meet the real Jack Smith.

&t=1s

U.S. Expected to Hit Debt Ceiling Limit This Week. And GOP Up To Their Old Tricks



I don't know about you, but I'm sick and tired of Republicans playing chicken with the jobs, services, resources and investments of the American people. There should be consequences for their actions.
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