Good morning friends. All the Bernie news is going in the post below, everything else I stumble across will go here! I am likely to be super busy trying to pump out as much work as possible so I can take the day off to see Bernie tomorrow, so not quite sure how long I will be around…. but know that you all will fill in any gaps! Much appreciated, have a great day!
The Only Real “Centrist” Agenda … Is a Bold, Progressive Agenda by Robert Reich
With Steve Bannon on way out, official Washington is jumping for joy that Gary Cohn—the former president of Goldman Sachs who’s now running Trump’s National Economic Council, along with Dina Powell, another influential Goldman Sachs alumnus—seems to be taking over Trump’s brain.
As CNBC puts it, Cohn will push “more moderate, business-friendly economic policies.” The Washington Post says Cohn is advocating “a centrist vision.” The Post goes on to describe “The growing strength of Cohn and like-minded moderates” as revealed in Trump’s endorsement of government subsidies for exports, and of corporate tax cuts. Says the Post: “The president’s new positions move him much closer to the views of … mainstream Republicans and Democrats.”
In reality, Cohn, Powell, and other Wall Streeters in the Trump White House are pushing Trump closer to the views of Wall Street and big business – views that are reflected in the views of “mainstream” Republicans and Democrats only to the extent the “mainstream” is dependent on the Street and big corporations for campaign money.
These views aren’t “centrist,” and they’re not sustainable. More tax breaks for the rich and more subsidies for big corporations aren’t much better for America than xenophobia.
There’s a better alternative. It’s to make it easy for people who lose their jobs to get new ones that pay at least as well, through wage insurance; expand the Earned Income Tax Credit and raise the minimum wage so every job pays a living wage; invest in great teachers and great schools, along with a system of lifelong learning, and high-quality early childhood education; and provide Medicare for all.
And pay for all of this with a 2 percent tax on wealth over $1 million and a carbon tax. While we’re at it, get big money out of politics.
Here’s a “centrist” agenda that big business, Wall Street, and the rest of America should agree on because it (or something very much like it) is the only way to move forward without inviting even more inequalities of income, wealth, and political power – and ever more vicious backlashes against such inequities.