an example of how wealthy donors have been empowered by the Supreme Court’s 2010 decision in the landmark Citizens United case, which paved the way for super PACs. Unlike candidates, super PACs can accept unlimited amounts of money from individuals and corporations to support a candidate so long as they do not officially “coordinate” with the campaign.
“wholesale funding.” is industry parlance for borrowing in the markets, Lenders take the cheap, short-term money and lend it for higher rates to companies and individuals. in 2008 investors who lent in that short-term market fled, leaving the financial firms that borrowed there without funding. It was a Wall Street version of an old-fashioned bank run
one of America’s most fundamental problems is that the alliance between the current form of Southern labor and the current form of New York finance is with us still. The Southernization of the Republican Party and the increasing domination of Wall Street’s over the nation’s economic life have combined to erode both the income and the power of U.S. workers. Unions are anathema to Wall Street and the GOP.
Another red state caught lying to the Supreme Court about health insurance exchanges.
The Supreme Court might have already held its vote on King v. Burwell, the case challenging federal tax credits to people buying Obamacare health insurance on the federal exchange because they live in states which did not create their own exchanges. The challengers posit that Congress intended it this way—that they wrote the law to explicitly exclude these millions of people from subsidies as incentive to states to create their own exchanges.
Global deals like the Trans Pacific Partnership will boost the profits of Wall Street and big corporations, and make the richest 1 percent even richer.
But they’ll bust the rest of America
How Trade Deals Boost the Top 1% and Bust the Rest
Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1 percent. The rest of us could buy some products cheaper than before.
Democrats have occupied the White House in 26 of the 62 years since 1948. Average GDP growth in the country over those 26 years has been 4.01%. Republicans have occupied […]
Buzzwords are coded expressions that evoked a specific message for one group while sounding innocuous to others.
Some definitions from the dictionary
conservative |kənˈsərvətiv; -vəˌtiv|
holding to traditional attitudes and values and cautious about change or innovation
a person who is averse to change and holds to traditional values and attitudes,
ORIGIN late Middle English (in the sense [aiming to preserve] ): from late Latin conservativus, from conservat- ‘conserved,’ from the verb conservare
• open to new behavior or opinions and willing to discard traditional values
• favorable to or respectful of individual rights and freedoms
• favoring maximum individual liberty in political and social reform
a person of liberal views
ORIGIN Middle English : via Old French from Latin liberalis, from liber ‘free (man).’ The original sense was [suitable for a free man,]