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washparkhorn

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Everything posted by washparkhorn

  1. Appears to be a prototype for human receptacles in a wired pod structure. Or a commie utopia. Pass.
  2. Disagree. It defines the teams, of which there are three primary players presently - trumpers, neoliberal "centrists" and progressives. The left (where DEI/CRT has backing) has zero power in this equation, because progressives occupy the lanes where the left might make inroads and progressives are not as hip on identity politics (one reason why the left hates progressives). The neoliberal centrists hold the most power, with the trumpers in a close second. In many ways, the 2021 VA Gov. election was a scaled down 2016 presidential election: A centrist neoliberal plugged into the Establishment and locked into the status quo v. an self-proclaimed outsider using culture war tactics. We know how those elections turn out (like they did in Virginia last night). A candidate must stand for something other than "I am not Donald Trump." 2020 was a remarkable show of unity to beat Donald Trump. I am afraid that unity grows weaker each day.
  3. Another perspective. https://www.commondreams.org/news/2021/11/03/left-coalition-says-mcauliffe-campaign-was-controlled-experiment-what-not-do-2022 "As corporate Democrats rushed to baselessly pin McAuliffe's loss on progressives in Congress, the Battle Born Collective, Justice Democrats, the Sunrise Movement, and United We Dream Action argued in a joint statement that the former Virginia governor's campaign for his old post was "designed to fail." "What happened in Virginia is what happens when Democrats fail to take on the GOP's divide-and-conquer racism and motivate people to turn out," the progressive coalition said. "The McAuliffe campaign had no comprehensive pro-worker economic message against a literal private equity magnate." Far from offering Virginians a clear policy agenda and a positive vision for the future, McAuliffe—who previously served as chair of the Democratic National Committee—"ran the milquetoast campaign he wanted to run," the groups continued. "Every other word he uttered was 'Donald Trump' instead of focusing on the issues voters cared about the most." "This was a controlled experiment for what NOT to do in 2022," the coalition added. "This is what it looks like when Democrats get caught flat-footed and let Republicans dictate the terms of the debate by manufacturing a fake 'education crisis.' It does not have to be this way. There is still time to adopt an inclusive economic message that crowds out racist dog whistles... This should be a wake-up call for Democrats: Give people something to vote for or watch yourselves become the very thing they resoundingly vote against."
  4. Voting Rights Citizens United and campaign financing The descent of the United States into Third World status for the majority of U.S. Citizens.
  5. Once the Fed pledged to stabilize back in March 2020 - with $120 billion a month flowing in to prop up the markets - it was risk on for those with appropriate capacity for risk. With the upcoming slow down in purchases by the Fed (down to $105 billion a month from $120 billion a month beginning mid-November), we will see how the markets react over the long haul. ___________________________________ Speaking of the Fed Decision: Implementation Note issued November 3, 2021 Decisions Regarding Monetary Policy Implementation The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on November 3, 2021: The Board of Governors of the Federal Reserve System voted unanimously to maintain the interest rate paid on reserve balances at 0.15 percent, effective November 4, 2021. As part of its policy decision, the Federal Open Market Committee voted to authorize and direct the Open Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Account in accordance with the following domestic policy directive: "Effective November 4, 2021, the Federal Open Market Committee directs the Desk to: Undertake open market operations as necessary to maintain the federal funds rate in a target range of 0 to 1/4 percent. Complete the increase in System Open Market Account (SOMA) holdings of Treasury securities by $80 billion and of agency mortgage-backed securities (MBS) by $40 billion, as indicated in the monthly purchase plans released in mid-October. Increase the SOMA holdings of Treasury securities by $70 billion and of agency MBS by $35 billion, during the monthly purchase period beginning in mid-November. Increase the SOMA holdings of Treasury securities by $60 billion and of agency MBS by $30 billion, during the monthly purchase period beginning in mid-December. Increase holdings of Treasury securities and agency MBS by additional amounts as needed to sustain smooth functioning of markets for these securities. Conduct overnight repurchase agreement operations with a minimum bid rate of 0.25 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair. Conduct overnight reverse repurchase agreement operations at an offering rate of 0.05 percent and with a per-counterparty limit of $160 billion per day; the per-counterparty limit can be temporarily increased at the discretion of the Chair. Roll over at auction all principal payments from the Federal Reserve's holdings of Treasury securities and reinvest all principal payments from the Federal Reserve's holdings of agency debt and agency MBS in agency MBS. Allow modest deviations from stated amounts for purchases and reinvestments, if needed for operational reasons. Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions." In a related action, the Board of Governors of the Federal Reserve System voted unanimously to approve the establishment of the primary credit rate at the existing level of 0.25 percent. https://www.federalreserve.gov/newsevents/pressreleases/monetary20211103a1.htm
  6. Not CRT, but DEI re-labeled as CRT spooks the herd (and translates to votes). Inflation fearmongering has/had a similar effect.
  7. Virginia was a test of the CRT playbook Repubs could use to win in 2022 and 2024. CRT = DEI to the trumper herd. DEI enjoys broad support in the corporate world, so Repubs latched onto a law school concept ("CRT") for interpreting law in legal settings and created a bogeyman called CRT in schools. Idiocracy in action. The obvious question for Repubs is why they loathe diversity, equity and inclusion?
  8. He was the co-CEO of the Carlyle Group. That's not an outsider. And the CRT bullshit shows he has no interest in truth.
  9. Durango, Colorado (or Telluride). Monterrey Peninsula
  10. The future past governor of Virginia looks like a vampire in need of fuel. Horrific lipstick on my feed.
  11. Clinton loyalist got his reward. And then loses the seat for the Party. Hubris.
  12. $2.3 trillion and counting (19 months).
  13. Under Covid emergency provision that continue, the Fed has been pumping $120 Billion a MONTH into inflated asset markets. This started in March 2020. Joe Manchin says nothing about that but cannot find it in him to consider $1.75 trillion over 10 years ($175 billion a year = $14 billion each month) for people in the United States. Morally it's abhorrent. From an economics perspective, the imbalance is illogical. Failure to maintain increases costs and increases inefficiency, leading to lower economic output and lost opportunity.
  14. The same people who pay Republicans to get in line - also pay Manchin and Sinema to get in line. I am not sure there is much authentic representative democracy left in the good old U.S. of A. What a power structure - the dimwit cultists on the far right, the crooks - plus - a corrupted Congress - plus - a Supreme Court getting demands to overrule Warren Court decisions, I suppose annihilation must sound dope to the nihilists. We live in interesting times to say the least. There is a lack of commonsense afoot.
  15. Every accusation is an admission . . .
  16. washparkhorn

    Taxes

    One plan created tax credits to account for the losses. (I believe it was the long-dead billionaire plan).
  17. washparkhorn

    Taxes

    I suspect many have @Incredulity on ignore. I do. It's his/her/its/their right-wing persona. It's so dead-on, it could be a left-wing sock (Grendel, Mr. Wizard era style). It's more Mr. Phlegm in tone - so there is some precedence for this tone as a functioning example of turdition.
  18. Fed meets tomorrow and Wednesday. On the table: when to start the taper? Mid-Nov or mid-Dec.
  19. washparkhorn

    Taxes

    These discussions go on and on - nothing changes (a design feature). Bill Moyers/Paul Krugman frame the issues well (8 years ago) on the danger of doing nothing:
  20. Mama Butt - Mary Elizabeth Holdsworth Butt - did a lot of good things for humanity. Her son (Charles) honors her, so he can't be all bad (I hope). https://holdsworthcenter.org/about-us/
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