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Today at @theprospect we're releasing our cover package from the next issue, where our staff imagines the post-coronavirus world: the social and economic choices that will need to be made after the crisis prospect.org/coronavirus/th…
Four cover stories tackle the problem from different angles. Paul Starr lays out the multiple options: a rebirth of egalitarian spirit, or an accelerant of ugly nationalism and entrenchment. prospect.org/coronavirus/po…
.@HaroldMeyerson sees labor either battered by mass unemployment and impossible legal barriers, or uplifted by radical collective action and newfound “essential” status. prospect.org/coronavirus/th…
.@rkuttnerwrites forecasts either the rise of China as an economic hegemon, or a renewed domestic manufacturing sector and a green stimulus powering America back to a sustainable prosperity. prospect.org/coronavirus/ma…
And I look at concentrated corporate power, which will either become unbearably dominant after the crisis, or be felled by all the shortcomings the crisis has exposed.
prospect.org/coronavirus/af…
We also did a podcast, where Harold, Bob, Paul and myself discuss these issues and really the future of America. prospect.org/post-corona-po…
The whole package can be found here. prospect.org/coronavirus/th…
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David Dayen
@ddayen
The Warren questioning of Mnuchin was the only one in this Senate Banking hearing so far that got to the heart of the matter. There is essentially nothing in the Fed money cannon term sheets that stops a company from taking bailout money and firing workers.
That's the bottom line. Giant companies with ready access to a menu of multi-trillion-dollar programs have no restrictions on using the money to support workers. We're bailing out capital, investors, and executives. That's it.
Any expert, observer or media member that tries to deflect by talking about Fed "liquidity" or "opening up capital markets" is just lying to you, or committing a sin of omission. We bailed out capital. Workers bear all the risk. Period.
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David Dayen
@ddayen
1/ Today at @theprospect we are releasing my feature for the next print issue on the Biden campaign. The promise and the peril. The opportunity and the fear. Dr. Jekyll or Mr. Biden. I spent a couple months reporting this one out.
prospect.org/politics/dr-je…
I talked to people inside the Biden campaign & those who have been in discussions with them. There's a path for a Biden administration where it replays Clinton/Obama cautious triangulation, and a real path where the moment forces decisive action prospect.org/politics/dr-je…
Jacob Hacker also weighed in on the importance of personnel and agenda-setting in getting a bold response in a post-pandemic presidency prospect.org/politics/progr…
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David Dayen
@ddayen
We have a special feature today at @theprospect that is going to seem unbelievably obscure and off-topic. But in a time when government response on worker safety and public health is paramount, we're going to have to talk about something called OIRA. prospect.org/day-one-agenda…
OIRA is this little agency of economists inside the Office of Management and Budget responsible for vetting and approving regulations across the government. It has become a choke point for active government action that saves and protects lives.
There is little debate on the left that OIRA has become an impediment to bold governance, but there is some debate about the way forward. @theprospect is hosting that debate today. Should OIRA be refashioned to support a progressive agenda, or abandoned? prospect.org/day-one-agenda…
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