The Fed has been berated for being slow to raise rates in the face of rising inflation. But its passivity in the face of falling inflation has gone on longer, and may do much more harm
Let it be known, I despise Paul Krugman btw, a neo-Lib.
He does have a point in this tweet and the Fed whether intentionally or not can hurt this economy, well already hurting it, for the upcoming election. My rant here about when then raised interest rates to curb inflation was a horrible choice, hurting consumers or homebuyers. Yes, now the rates to be lowered as inflation has cooled quite significantly. Oh and I guess that using rates to stoke or cool an economy is not great, but here we are.
"You think you just fell out of a coconut tree?’
https://apnews.com/article/house-rep...47fddd0f9150fb
Damn, two years of House Republican bullshit and the best they still have is, "Well we just don't like him and what he does!"House Republicans have released their initial impeachment inquiry report on President Joe Biden, alleging an abuse of power and obstruction of justice in the financial dealings of his son Hunter Biden and family associates.
The nearly yearlong investigation by Republicans stops short of alleging any criminal wrongdoing by the president. Instead, the almost 300-page report out Monday, the opening day of the Democratic National Convention, covers familiar ground, asserting the Biden family traded on its “brand” in business ventures in corrupt ways that rise to the Constitution’s high bar for impeachment.
Also, hilarious given that we know Donald did this very thing. "Every accusation is an admission" etc. etc.
You know, if I were actually in the unfortunate position of being one of their constituents (or God forbid an actual supporter), I think I’d be tired of seeing their faces and hearing about how they have supposed mountains of damning evidence that consistently amount to JACK SHIT.
It's funny how quickly the Hunter Biden thing lost all the air from it the moment Biden wasn't running for 2024.
Whew! Just in time before Biden ends his Presidency. I can sleep well at night after this.
Still too bad Biden never tested out these new powers the Supreme Court gave the Prez. As usual Republicans know that Democrats will never outright abuse power. Dems are not angels but they still like to play within the rules. /rant
"You think you just fell out of a coconut tree?’
https://www.washingtonpost.com/busin...unction-texas/
Welp, time for the courts to fight it out.A federal judge in Texas on Tuesday struck down the Federal Trade Commission’s ban on noncompete agreements, finding that the agency exceeded its authority with a rule that would have voided contracts that bar workers from moving to rival employers.
In a 27-page opinion, U.S. District Judge Ada Brown found that the FTC lacked the statutory authority to issue the rule, which would have taken effect Sept. 4. In reaching her decision, Brown wrote that the “FTC’s promulgation of the Rule is an unlawful agency action.”
An estimated 30 million U.S. workers in a wide range of fields are subject to noncompete agreements.
The FTC in April voted 3-2 to issue the rule, with commissioners in the majority pointing to evidence that the agreements suppress wages, stifle entrepreneurship and gum up labor markets. If it had gone into effect, the rule would have made it illegal for employers to include the agreements in employment contracts and would have invalidated existing clauses for most workers subject to them.
“We are disappointed by Judge Brown’s decision and will keep fighting to stop noncompetes that restrict the economic liberty of hardworking Americans, hamper economic growth, limit innovation, and depress wages,” FTC spokeswoman Victoria Graham said in an email. “We are seriously considering a potential appeal, and today’s decision does not prevent the FTC from addressing noncompetes through case-by-case enforcement actions.”
Brown, who was appointed by President Donald Trump, hinted at her thinking last month, when she temporarily blocked the noncompete rule. Brown wrote in her opinion Tuesday that, in addition to exceeding its authority, the FTC issued the rule based on “inconsistent and flawed empirical evidence,” while failing to consider evidence supporting noncompete clauses. She also wrote that the agency failed to find alternatives to the rule it issued.
“The role of an administrative agency is to do as told by Congress, not to do what the agency thinks it should do,” Brown wrote.
Brown’s opinion stands in contrast to a Pennsylvania judge’s ruling last month that rejected a similar challenge. In denying a Pennsylvania-based tree-care company’s bid for a preliminary injunction against the FTC rule, U.S. District Judge Kelley Brisbon Hodge, who was appointed by President Joe Biden, found that the FTC agency was well within its authority to issue it.
Biden is trying to help American workers and this would have helped around 30 million of them, it's a shame Republicans in Congress appear to have zero interest in supporting these efforts to help tens of millions of American workers.
https://apnews.com/article/immigrati...008b896a83bcd2
Republicans again doing everything possible to make sure to do nothing about undocumented immigrants, including those who are spouses of Americans. They'd rather just let the problem fester, seemingly in the hopes of mass-deportation under Donald, instead of trying to keep families together and find pathways forward that are in the shared interests of everyone.Opponents are suing to end a federal program that could potentially give nearly half a million immigrants without legal status who are married to U.S. citizens a path to citizenship.
Sixteen Republican-led states filed suit Friday to halt the program launched by President Joe Biden in June, saying in court filings that the Biden administration bypassed Congress to create a pathway to citizenship for “blatant political purposes.”
Under the policy, which started taking applications Monday, many spouses without legal status can apply for something called “parole in place,” offering permission to stay in the U.S., apply for a green card and eventually get on a path to citizenship.
But the program has been particularly contentious in an election year where immigration is one of the biggest issues, with many Republicans attacking the policy and contending it is essentially a form of amnesty for people who broke the law.
Texas Attorney General Ken Paxton said in a statement Friday that the plan “violates the Constitution and actively worsens the illegal immigration disaster that is hurting Texas and our country.”
The suit filed against the Department of Homeland Security, DHS Secretary Alejandro Mayorkas and other Biden administration officials accuses the agency of attempting to parole spouses “en masse,” which the states contend is an abuse of power.
To be eligible, immigrants must have lived continuously in the U.S. for at least 10 years, not pose a security threat or have a disqualifying criminal history, and have been married to a citizen by June 17 — the day before the program was announced.
They must pay a $580 fee to apply and fill out a lengthy application, including an explanation of why they deserve humanitarian parole and a long list of supporting documents proving how long they have been in the country.
They apply to the Department of Homeland Security, and if approved, have three years to seek permanent residency. During that period, they can get work authorization.
The administration estimates about 500,000 people could be eligible, plus about 50,000 of their children.
Before this program, it was complicated for people who were in the U.S. illegally to get a green card after marrying an American citizen. They can be required to return to their home country — often for years — and they always face the risk they may not be allowed back in.
Just another great policy from Joe that Republicans are rushing to stop.
Republicans are seriously willing to deport someone who is married to an American and been here for a MINIMUM of 10 years? By that point you likely have a family and roots in the states. What's the harm in giving them a path to citizenship? This is simply cruelty for the sake of cruelty.
“You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.”― Malcolm X
I watch them fight and die in the name of freedom. They speak of liberty and justice, but for whom? -Ratonhnhaké:ton (Connor Kenway)
Welp, apparently not all of the people on Harris' campaign know their stuff.
Yesterday she made a tweet calling for a new/renewed assault weapons ban. They'd already been beating around the bush, using phrases like "reduce school violence" and such - well understood to mean "ban the guns," but without actually saying it. It allows for plausible deniability. It's also *really fucking hard* to argue against it, because it's a vague but generally "objectively moral" statement - no one likes dead kids, no one wants more dead kids, therefore no one with a brain is going to argue against statements like that. People on your team know what it really means. Intelligent people on the opposing team also know what it really means, but they also know that they can't directly attack it because it would make them look like absolute sociopaths. It's good strategy.
This, though. It's the *same fucking mistake* Biden made against Trump in 2020, and almost at the same time - in the home stretch, when they have a commanding lead (although Harris' is stronger than Biden's was at the time.)
Why, just *fucking why* are the Democrats so goddamned allergic to good strategy? Can someone *please* tell Bloomberg to shut the fuck up, and for everyone else to just ignore him? Because I can't see any other rational reason you would just, out of fucking nowhere on a fucking Sunday no less, vomit out something that's guaranteed to give way more advantage to your opposition than your team.
There's generally plurality, if not majority support for this proposal.
And support for a blanket assault weapons ban generally spikes following a horrific mass shooting, especially at a school, when folks are reminded about the horrors the weapons can cause.
https://www.statista.com/statistics/...united-states/
https://pro.morningconsult.com/analy...ns-gun-control
Are we still dumb enough to trust polling data? You could have 90% of Republicans approving of a bill, and you still shouldn't expect a single one of them to even consider voting Democrat when the ballots are cast. I quite literally don't care what polls say, because people will *say* anything. It's what they *do* that I care about, and that's frequently different from what they *said.*
Moreover, swing voters are conservative by nature due to our political system being right-leaning - and shit like this just encourages them to keep voting Republican (or show up and vote Republican, as the case is more commonly.)
It's bad strategy. It's the actions of a group of people who *somehow* after the last almost 8 fucking years of Trump shit, think they're guaranteed to win so they can do whatever they want.
Why the *FUCK* can't Democrats hire people that actually understand the country?
Since you've made it clear that Republicans would oppose this because it's a Democratic bill primarily, you can extend your "argument" to literally any and all legislation. That's advocating that Democrats just give up, and acknowledge that the USA is trapped in a declining doom spiral into eventual collapse, one it cannot recover from. That's . . . a take, certainly, but defeatism when confronted with the possibility doesn't seem rational at all.