RSN Fundraising Banner
FB Share
Email This Page
add comment
Politics
Stop Airing Trump's Briefings! Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=51628"><span class="small">Charles M. Blow, The New York Times</span></a>   
Monday, 20 April 2020 12:33

Blow writes: "Around this time four years ago, the media world was all abuzz over an analysis by mediaQuant, a company that tracks what is known as 'earned media' coverage of political candidates. Earned media is free media."

President Donald J. Trump, joined by Vice President Mike Pence and members of the White House Coronavirus (COVID-19) Task Force, delivers remarks and answers questions from members of the press during the coronavirus update briefing Friday, April 10, 2020. (photo: Shealah Craighead)
President Donald J. Trump, joined by Vice President Mike Pence and members of the White House Coronavirus (COVID-19) Task Force, delivers remarks and answers questions from members of the press during the coronavirus update briefing Friday, April 10, 2020. (photo: Shealah Craighead)


Stop Airing Trump's Briefings!

By Charles M. Blow, The New York Times

20 April 20


The media is allowing disinformation to appear as news.

round this time four years ago, the media world was all abuzz over an analysis by mediaQuant, a company that tracks what is known as “earned media” coverage of political candidates. Earned media is free media.

The firm computed that Donald Trump had “earned” a whopping $2 billion of coverage, dwarfing the value earned by all other candidates, Republican and Democrat, even as he had only purchased about $10 million of paid advertising.

As The New York Times reported at the time, the company’s chief analytics officer, Paul Senatori, explained: “The mediaQuant model collects positive, neutral and negative media mentions alike. Mr. Senatori said negative media mentions are given somewhat less weight.”

READ MORE

e-max.it: your social media marketing partner
 
FOCUS: Bernie Said We Could Govern Ourselves Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=54058"><span class="small">Akash Mehta, Jacobin</span></a>   
Monday, 20 April 2020 11:32

Mehta writes: "What made Bernie Sanders different from any major presidential candidate in our lifetimes was that he didn't pitch himself as the most qualified pilot - he demanded that we pilot the plane ourselves."

Bernie Sanders. (photo: Matt Rourke/AP)
Bernie Sanders. (photo: Matt Rourke/AP)


Bernie Said We Could Govern Ourselves

By Akash Mehta, Jacobin

20 April 20


What made Bernie Sanders different from any major presidential candidate in our lifetimes was that he didn’t pitch himself as the most qualified pilot — he demanded that we pilot the plane ourselves.

t every step, Bernie Sanders’s political opponents have contrasted themselves to him by appealing to their own competence and expertise. Clinton: “I’m a progressive who gets things done.” Warren: “I’ve got a plan for that.” Biden: “Let’s talk about progressive. Progressive is getting things done.”

Andrew Cuomo — the newest celebrity of the Democratic Party, a close friend and ally of its presidential nominee, and an increasingly likely 2024 presidential candidate — has risen to stardom on just such an appeal. Propelled by widespread (though highly dubious) praise of his management of the pandemic, his approval ratings and public image have taken flight.

Cuomo has long cultivated the aura of managerial effectiveness. When his challenger Cynthia Nixon pointed to decades of activism as her qualification for office, Cuomo replied that the governorship “is not a job about politics. It’s not about advocacy — it’s about doing. It’s about management.” Last year, he told a reporter:

I know how to do what everybody’s talking about doing. They’re all talking about how to fly an airplane. None of them have flown. And that’s a big difference when you get in the seat and you buckle the seat belt. And we just had a guy who spoke about flying a plane. And never flew. It’s not as easy as it looks.

This is a seductive and soothing vision of leadership, especially in turbulent times of impending crashes. We so badly want leaders who “know what they’re doing,” who have access to some kind of expertise — managerial skill, the right cadre of expert advisers, a capacity of political judgment we can’t specify because, after all, we haven’t had to “make those calls” ourselves — that qualifies them to steer the helm.

We need specialized expertise in government, of course. But what made Bernie different from any major presidential candidate in decades was that he didn’t just pitch himself as the most qualified pilot. He demanded of us that we pilot the plane ourselves.

He didn’t soothe or reassure us — he roused us to work. That work now continues. It will be long and hard going. And it will take overcoming our fears that we aren’t qualified, that we’ll crash the plane unless we leave it to the experts.

This is what “Not me, Us” always meant. It’s why we always planned to be in the streets, win or lose. It’s why our campaign was aligned with grassroots groups like the Sunrise Movement and the Democratic Socialists of America, through which we will continue to build our movement beyond 2020.

We’ll be told that we don’t know what we’re doing, that we’re “blowing smoke” and are “blue-sky puffers” (whatever that means), as Cuomo recently characterized Bernie in contrast to Biden’s supposed no-nonsense pragmatism. We’ll be equated with the Trump 2016 supporters who cast themselves as heroic passengers wresting back control from the hijackers of Flight 93, even as we expose and defuse ersatz populism by offering the real thing. We’ll be mocked for presumptuousness — maybe the New Yorker will rerun its cartoon of a boorish man in an airplane standing up to exclaim, “These smug pilots have lost touch with regular passengers like us. Who thinks I should fly the plane?”

Politics does require technocratic know-how and expertise; part of what it means to pilot the plane collectively is to appoint those among us with the requisite training to operate the flight controls. It’s hardly the populist left that needs this reminder: on the most consequential policy issues — from health care to deficit spending to, most strikingly, climate change — it is the Left that offers the informed and pragmatic way forward, while the “moderates,” intoxicated by ideology, ignore the experts and fly the plane straight into the ground.

Yet the problem with the establishment is not that it doesn’t have enough policy wonks on the payroll. To critique it primarily on grounds of inefficacy or incompetence would be to buy into the premise that the current pilots, at least of our preferred airline, are trying to take us where we want to go, that they have different theories on how to avoid storms and harness winds and utilize limited fuel and do whatever else pilots do, but are all aiming at basically the same place.

Bernie lost because Democratic voters bought that premise. They agreed with him on the issues, but were persuaded that Biden was a more amiable and effective means toward the same ends. Among the most urgent tasks for the Left, then, is to show that the establishment is not oriented toward the people’s interests or responsive to their will.

Cuomo’s record is a good place to start. The austerity budget he just forced through the New York legislature — cutting Medicaid in a pandemic, locking up thousands in death-trap prisons, leaving the homeless to fend for themselves with only the added company of thousands of soon-to-be-evicted tenants, starving the state even as it confronts the world’s worst economic contraction since the Great Depression — shows that we are not in safe hands. The problem is not that the establishment doesn’t know how to fly; it’s that it’s flying in the wrong direction.

The pilots cannot be trusted. We have to storm the cockpit.

e-max.it: your social media marketing partner
 
FOCUS: This Is Not a System. This Is Organized Piracy. Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=11104"><span class="small">Charles Pierce, Esquire</span></a>   
Monday, 20 April 2020 10:43

Pierce writes: "Dr. Andrew Artenstein, a physician and hospital administrator from the western part of the Commonwealth (God save it!) wrote a hair-raising saga of his efforts to get ahold of the supplies of PPE that his facility had ordered and his efforts to keep those vital supplies from being hijacked by the federal government."

A patient being screened for coronavirus at the University Hospital in Bordeaux, France, on Thursday. (photo: Caroline Blumberg/EPA/Shutterstock)
A patient being screened for coronavirus at the University Hospital in Bordeaux, France, on Thursday. (photo: Caroline Blumberg/EPA/Shutterstock)


This Is Not a System. This Is Organized Piracy.

By Charles Pierce, Esquire

20 April 20


And its organizing principle is to use a pandemic to improve the political standing of an incompetent and criminal president*

he most important story of the weekend could be found in, of all places, the New England Journal of Medicine. Dr. Andrew Artenstein, a physician and hospital administrator from the western part of the Commonwealth (God save it!) wrote a hair-raising saga of his efforts to get ahold of the supplies of PPE that his facility had ordered and his efforts to keep those vital supplies from being hijacked by the federal government.

A lead came from an acquaintance of a friend of a team member. After several hours of vetting, we grew confident of the broker’s professional pedigree and the potential to secure a large shipment of three-ply face masks and N95 respirators. The latter were KN95 respirators, N95s that were made in China. We received samples to confirm that they could be successfully fit-tested. Despite having cleared this hurdle, we remained concerned that the samples might not be representative of the bulk of the products that we would be buying. Having acquired the requisite funds — more than five times the amount we would normally pay for a similar shipment, but still less than what was being requested by other brokers — we set the plan in motion. Three members of the supply-chain team and a fit tester were flown to a small airport near an industrial warehouse in the mid-Atlantic region. I arrived by car to make the final call on whether to execute the deal. Two semi-trailer trucks, cleverly marked as food-service vehicles, met us at the warehouse. When fully loaded, the trucks would take two distinct routes back to Massachusetts to minimize the chances that their contents would be detained or redirected.

If and when this all finally passes, we are going to have developed a generation of doctors with a tremendous gift for smuggling. But amazingly, the story gets even stranger.

Before we could send the funds by wire transfer, two Federal Bureau of Investigation agents arrived, showed their badges, and started questioning me. No, this shipment was not headed for resale or the black market. The agents checked my credentials, and I tried to convince them that the shipment of PPE was bound for hospitals...I remained nervous and worried on the long drive back, feelings that did not abate until midnight, when I received the call that the PPE shipment was secured at our warehouse. 

This is not a system. This is organized piracy. And its organizing principle is to use a pandemic to improve the political standing of an incompetent and criminal president*. There are weird stories coming from a number of places; something strange is said to be going on at LAX, according to people involved in trying to get supplies to areas hard hit by the pandemic. This has to be investigated harshly when there is an opportunity to do so. And these people’s great-grandchildren should have to be answering motions in thousands of negligence suits. No future historian is going to believe it.

e-max.it: your social media marketing partner
 
CEOs, Not the Unemployed, Are America's Real 'Moral Hazard' Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=9643"><span class="small">Robert Reich, Guardian UK</span></a>   
Monday, 20 April 2020 08:18

Reich writes: "Many Republicans believe economic relief for those without jobs encourages slacking off. But it is corporations that are bailed out again and again."

Former Clinton labor secretary Robert Reich. (photo: Steve Russell/Toronto Star)
Former Clinton labor secretary Robert Reich. (photo: Steve Russell/Toronto Star)


CEOs, Not the Unemployed, Are America's Real 'Moral Hazard'

By Robert Reich, Guardian UK

20 April 20


Many Republicans believe economic relief for those without jobs encourages slacking off. But it is corporations that are bailed out again and again

he coronavirus relief enacted by Congress is barely reaching Americans in need.

This week, checks of up to $1,200 are being delivered through direct-deposit filings with the Internal Revenue Service. But low-income people who have not directly deposited their taxes won’t get them for weeks or months. Worse yet, the US treasury is allowing banks to seize payments to satisfy outstanding debts.

Meanwhile, most of the promised $600 weekly extra unemployment benefits remain stuck in offices now overwhelmed with claims.

None of this seems to bother conservative Republicans, who believe all such relief creates what’s called “moral hazard” – the risk that government benefits will allow people to slack off.

The Republican senator Lindsey Graham, for example, says state unemployment offices are overwhelmed because the extra $600 is “incentivizing people to leave the workforce”. Hello?

When it comes to big corporations and their CEOs, however, conservatives don’t worry about moral hazard. They should.

Before the coronavirus outbreak, corporations were borrowing money like mad, capitalizing on the Fed’s bargain-basement interest rates. Total business debt topped $16tn last year. 

Corporations used much of this debt to buy back their own shares of stock. This raised the earnings of each remaining share, creating a bonanza for big investors and top executives.

Trump never tired of pointing out how spectacularly stocks had risen on his watch. But he neglected to mention those stocks were floating on a rising sea of corporate debt – which left corporate America dangerously unprepared for any sharp downturn.

Then came Covid-19 and the sharpest downturn on record.

American corporations spent $730bn on buybacks last year and more than $370bn this year before the virus, much of it financed by debt. If they hadn’t frittered away that trillion or so dollars, they’d be better able to cope with this emergency.

Over the past five years, four big airlines and the aerospace giant Boeing spent more than $70bn buying back their own stock, putting them deep in debt. If they hadn’t binged on buybacks, they’d be better equipped to weather this storm.

No worries. Government is bailing them out, just as it did the Wall Street banks that exploded in 2008.

On 9 April the Fed announced it will buy up corporate debt, even backstopping private-equity firms that also borrowed to the hilt. The treasury secretary, Steven Mnuchin, announced on Tuesday an agreement with the airlines under which they will receive billions of taxpayer dollars.

Forget moral hazard. They’re all too big to fail.

The Fed and the treasury had little choice. Massive defaults and bankruptcies would wreak even more havoc on the economy. Better to maintain some payrolls than add to the unemployment rolls.

But by saving the backsides of big corporations and their CEOs, the bailouts have rewarded corporate America’s obsession with short-term profits regardless of longer-term risks to the corporation, its employees, and the overall economy.

Why is moral hazard a problem when it comes to millions of jobless Americans who can’t even collect $600 in unemployment benefits, but not a problem when it comes to CEOs who have borrowed to the hilt, used the money to artificially boost share prices, and pocketed $20m a year?

Giving the vast majority of Americans a bit more cushion against the downside risks they face surely poses less harm than giving CEOs a cushion against the risks they take with the entire economy.

It’s not too late for the Fed and the treasury to take shares of stock in every corporation that gets bailed out.

This way, CEOs and big investors aren’t rewarded for binging on debt to finance stock buybacks. The public gets in on the upside of any eventual recovery. And there will be more money to finance stronger safety nets for Americans who actually need them.

Another necessary step is to ban stock buybacks – as was the case before 1982, when the Securities and Exchange Commission viewed them as potential vehicles for stock manipulation and fraud.

They still are. Shareholders who unwittingly sell their stocks back to corporations that are artificially pumping up share prices lose out on the gains. Why isn’t this fraud?

A final step must be to regulate credit-rating agencies charged with informing investors about the true riskiness of corporate debt. Why were they still giving high ratings to the bonds of corporations so laden with debt they couldn’t survive a downturn?

The real moral hazard has been in C-Suites, not in homes. It’s time to stop bailing out corporations and start bailing out people.

e-max.it: your social media marketing partner
 
Trump, Head of Government, Leans Into Antigovernment Message Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=54056"><span class="small">Maggie Haberman, The New York Times</span></a>   
Monday, 20 April 2020 08:18

Haberman writes: "First he was the self-described 'wartime president.' Then he trumpeted the 'total' authority of the federal government. But in the past few days, President Trump has nurtured protests against state-issued stay-at-home orders aimed at curtailing the spread of the coronavirus."

The White House at night. (photo: Susan Walsh/AP)
The White House at night. (photo: Susan Walsh/AP)


Trump, Head of Government, Leans Into Antigovernment Message

By Maggie Haberman, The New York Times

20 April 20


With his poll numbers fading after a rally-around-the-leader bump, the president is stoking protests against stay-at-home orders.

irst he was the self-described “wartime president.” Then he trumpeted the “total” authority of the federal government. But in the past few days, President Trump has nurtured protests against state-issued stay-at-home orders aimed at curtailing the spread of the coronavirus.

Hurtling from one position to another is consistent with Mr. Trump’s approach to the presidency over the past three years. Even when external pressures and stresses appear to change the dynamics that the country is facing, Mr. Trump remains unbowed, altering his approach for a day or two, only to return to nursing grievances.

Not even the president’s re-election campaign can harness him: His team is often reactive to his moods and whims, trying but not always succeeding in steering him in a particular direction. Now, with Mr. Trump’s poll numbers falling after a rally-around-the-leader bump, he is road-testing a new turn on a familiar theme — veering into messages aimed at appealing to Americans whose lives have been disrupted by the legally enforceable stay-at-home orders.

READ MORE

e-max.it: your social media marketing partner
 
<< Start < Prev 511 512 513 514 515 516 517 518 519 520 Next > End >>

Page 513 of 3432

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

RSNRSN