Search Results for
December 04, 2020
Why Wasn't this Vote a Priority for Kamala Harris?
With scant days remaining in this Congress, Senate Republicans are busily working to undermine the incoming Biden administration by rushing to confirm Trump’s nominees to terms that will last well beyond January 20, 2021. Yesterday, in a close 48 to 47 vote, they installed Christopher Waller to the Federal Reserve Board of Governors in a term that will not expire until 2030, robbing Biden of the seat. With Mike Pence and his potential tie-breaking vote out of town, Kamala Harris (in her capacity as a Senator) had the power to delay, if not stop it.
December 04, 2020
November 2020 Update on the State of Independent Federal Agencies
Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking minority party nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.
December 02, 2020
Important Economic Policy Jobs Which Remain Unannounced
These positions will dictate whether a Biden administration’s worker, regulatory, and enforcement agendas succeed, fail, or are smothered before they are even initiated
December 02, 2020
How Does Any Decent Person Consider Gina Raimondo For A Cabinet Position?
It would be a disaster for Raimondo to receive any spot in the incoming Biden administration. (Term limits prevent her from running for re-election.) But it’s especially horrifying — and frankly, stupefying — to consider Raimondo for HHS in the year 2020.
December 01, 2020
It Will Take Years To Recover From Trump's Historic Corruption
His lawlessness, cravenness, and wanton destruction of our economy and planet have been ably documented by dedicated journalists — yet surely, there is still more corruption and social devastation that was simply never reported or found while Trump was in office.
November 24, 2020
Michèle Flournoy and The Ongoing Influence of WestExec Advisors
As we proposed in the Prospect, Biden’s administration can pursue a progressive national security agenda that prioritizes diplomacy over military action, opposes regime change interventions, reduces the Pentagon’s budget, and condemns governments that violate human rights. But to do so, Biden must also end the defense industry’s influence on the executive branch and turn to individuals without deep conflicts.
November 24, 2020
Brian Deese's Policy Record Hurt The Most Vulnerable
From 2008 – 2016, Brian Deese rose from a law student to a Presidential advisor on fiscal policy, climate change, and trade. Deese’s personal geniality and intelligent demeanor drove this rise — but a review of his policy positions reveals a history of backing wildly incorrect conventional wisdom convivial to the powers that be.
November 23, 2020
What A Bold Treasury Secretary Could Do
President-Elect Joe Biden’s choice to name Janet Yellen as his Treasury Secretary represents a tremendous opportunity to take executive action on the issues most pressing to all Americans. Here are just some meaningful actions the next Treasury Secretary could take without having to go through Congress.
November 23, 2020
JANET YELLEN: What You Need to Know
Janet Yellen has had a long and distinguished career in the academy and in public service. Like anyone with such a lengthy career, there have been misses along the way. And RDP and other progressives will be sure to speak out in the future should any of them resurface. But Yellen’s commitment to fighting unemployment and the conventional wisdom has been the through line of her career. The differences between the worldviews of Janet Yellen and Tim Geithner, President Obama’s first Treasury Secretary, could hardly be more stark.
November 13, 2020
Economists-For-Hire Help Monopolists And Big Oil Both
On Wednesday, The New York Times exposed that a network of seemingly-grassroots campaigns to promote the use of fossil fuels was actually organized by FTI Consulting, a dystopic corporate consulting firm working on behalf of oil and gas behemoths like ExxonMobil. The Times also implicates an FTI subsidiary, Compass Lexecon, in producing academic reports to support these astroturfed campaigns’ talking points. Compass Lexecon employees wrote reports criticizing activist shareholders and university divestment campaigns, tactics often used by the environmental activists FTI was paid to undermine.
November 06, 2020
No, Mitch McConnell is Not the 46th President
A false narrative, undergirded by self interest and misguided assumptions, is dominating early transition coverage. Key voices are already insisting that Joe Biden’s presidency will fail to deliver on any of its promises. According to this view, with Mitch McConnell in the Senate, Biden will not only be impelled to abandon his legislative vision, but also any hope of delivering for the American people via his power over the executive branch. They say that to wrest confirmations from McConnell’s hands, Biden will have no choice but to appoint moderates who will not rock the boat.
November 05, 2020
Biden Can Still Govern Without the Senate. Here’s How.
Having won more votes than any President in U.S. history, Joe Biden is set to enter the Oval Office with a mandate. However, it looks as though the wave that will have propelled him to the White House may not have been strong enough to break Republican control over the profoundly undemocratic Senate. For at least the next two years, Biden’s legislative agenda will face a formidable breakwater in the form of Senate Majority Leader Mitch McConnell. There is little doubt that McConnell will attempt to extend his stranglehold on action to the executive branch as well, by denying the President many, if not all, Senate confirmations.
November 02, 2020
October 2020 Update on the State of Independent Federal Agencies
Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking minority party nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.
October 23, 2020
Breaking With the Trade Consensus
Over the past decades, U.S. trade policies have primarily served the interests of corporate America. The result? The American worker experienced few if any of the promised benefits of globalization. President Trump seized upon this in his bid for the Presidency in 2016, but his declaration of China as an enemy and ill-advised trade war have only widened the trade deficit he vowed to close. The data show that the trade deficit reached $67 billion in August, its highest level since August 2006. More so, job growth in the manufacturing sector has been on decline since before the pandemic. Indeed, the current deficit in manufactured goods, $84 billion, is the largest on record with data starting in 1992.
October 21, 2020
The Fed’s Neglect of State and Local Governments Will Cost Us
Last week, the Congressional Oversight Commission — charged with overseeing $500 billion in federal coronavirus aid — finally published its fifth report. Disagreements between Republican and Democratic commissioners delayed its release. The Commission described in detail the blatant prioritization of Wall Street over everyday Americans of Jerome Powell’s Fed. Here’s what we learned: