The biggest obstacle we will face in addressing the court problem isn't Mitch McConnell, it'll be @neal_katyal and elite lawyers. It's the legal liberal elites who are trained to worship the Supreme Court and disdain Congress.
There is plenty of flexibility in the Constitution to get around the courts. Just strip jurisdiction when you legislate. The problem is the screams from @neal_katyal and Hogan Lovells and MSNBC when/if they do so. Plus the law schools churn out elite lawyers who worship judges.
There's a reason Supreme Court clerks get $400,000 signing bonuses when they go to #biglaw firms. It's outrageous but fixable. The issue is populists are up against a religion of the elites, which is what the fetish for judges is about.
Congress is good. Members of Congress should be paid more and so should their staff. They should interpret the Constitution without recourse to judges, they should write the rules of civil procedure, and they should arrest executive branch officers using contempt powers.
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The basic problem with America is that nearly all of our major institutions are led by vastly overpaid incompetent greedheads who all have agreed to not snitch on each other. It's easy to explain how to fix it once you get this basic diagnosis. Here are a few ideas.
1) Corporate boards are full of lazy kiss-assers who get $100k to show up to a meeting a few times a year. So how about this? No board members of a company can get paid while there's a strike going on at their company.
2) The Federal Reserve actually runs our economic policy. So how about saying that not all of the Fed board members can be millionaires? Some of them have to be borrowers and not just lenders.
American big tech firms are bad at building things because their focus is not on building things, it’s on monopolization and political power. No different than Boeing. This has been obvious for years. thebignewsletter.com/p/national-cha…
So an insane story by @musharbash_b, a private equity roll-up of fire trucks is why more than half the fire trucks in Los Angeles were out of service during the catastrophic wildfires in the Palisades and Eaton.
I do a lot on economic termites, this one's a big deal. Cities all over the country have to pay twice as much for fire equipment as they used to because there's now what appears to be some sort of fire equipment cartel.
1. Diversity, Equity, and Inclusion is bad because it was a way of taking the civil rights movement - which was about prohibiting economic discrimination at its core - and corrupting it to serve corporate interests. Here are some examples, starting with UnitedHealth Group.
2. Biglaw's Latham and Watkins bragged their team keeping poultry price-fixers out of jail was a historic 'all-women team' of defense lawyers.
3. Here's financier Brian Regan - who rolled up anesthesiology and radiology practices so he could price gouge - boosting the Women's Private Equity Summit. Equity is awesome!
1. Want some fun news before the Monday inauguration that you won't have heard anywhere else? The antitrust enforcers (Lina Khan et al) went full Tony Montana on big business this week before Trump people took over. Here's just part of what they did.
2. The FTC filed a monopolization claim against agricultural machine maker John Deere for generating $6 billion by prohibiting farmers from being able to repair their own equipment, a suit which Wired magazine calls a “tipping point” for the right to repair movement.
3. They also released another report on pharmacy benefit managers, including that of UnitedHealth Group, showing that these companies inflated prices for specialty pharmaceuticals by more than $7 billion.
There’s a nontrivial chance that Trump’s new term is the actual catastrophe that liberals imagined his first one would be. I don’t mean authoritarian, I mean economic, military and social collapse.
Here's why I think there's a nontrivial chance of a serious dislocation under Trump. It's not because of him, per se, but structural things he won't fix.
Here are a few. The U.S. net international investment position is negative $23 trillion and sinking rapidly. That's crazy.
That doesn't mean the U.S. will go 'bankrupt,' that concept can't apply to nations. It means the U.S. is trading our entire productive capacity for finance. For instance, we're now a net food importer by value. What? Our farmland is awesome. And yet...