David Dayen Profile picture
19 Oct, 7 tweets, 4 min read
Some choice passages from today's pieces released today from our family care issue (prospect.org/familycare):
"Every four years, Republicans and Democrats spar over which party will do more for working families... When it comes to helping people care for family members, though, the country is failing." prospect.org/familycare/why…
"We have a system where there is high demand for a highly valuable service, but in which the financial benefits flow not to the ones providing the service, but rather to the ones purchasing it." -@janellecj prospect.org/familycare/the…
"At critical moments of choice over the past century, the United States could have adopted family care policies of the kind that are now well established in Europe and other parts of the world." Kimberly J. Morgan on why we failed prospect.org/familycare/mis…
"America has entrusted a critical cog of our economic engine, which allows parents to work & young children to thrive, to dedicated small-businesspeople, disproportionately Black, Latino, Asian, & female, engaged in an arduous labor of love." -@brycecovert prospect.org/familycare/run…
"This is the new normal: unionized schoolteachers conducting lessons online from home, and mostly non-union child care workers supervising groups of young learners who can’t stay at home."
-@Marcia_Brown9
prospect.org/familycare/car…
"Others find themselves sandwiched between providing care for both the young and old. As lifespans increase and wages stagnate, this burden has grown for families" -@CraftOurStory prospect.org/familycare/how…

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More from @ddayen

19 Oct
This is it! All this week, we will be running our special issue at @theprospect on family care: the current crisis and how we can fix it with a universal social insurance system. All of the stories can be found at prospect.org/familycare.
(1/x)
Why do this now, two weeks before the election? Why during one of the busiest news periods in history are we devoting ourselves to covering the topic of family care? Because it intersects with everything that's been happening in 2020.
Family care—early childhood care and education, paid family and medical leave, & long-term care for the elderly and people with disabilities—has been in crisis in the U.S. for a long time. But the pandemic has brought it to a head, as Tasmiha Khan writes: prospect.org/familycare/how…
Read 12 tweets
14 Oct
More important than living in the "take the deal" past is what can happen between now and February to mitigate the damage. There are a few options:
1- It's beyond clear that the Fed needs to dispense with its reticence and use Section 14(2) authority to distribute short-term, endlessly rolled-over debt to cities and states prospect.org/coronavirus/un…
2- A Biden transition can use a kind of "forward guidance" to detail explicitly what relief will be passed ASAP in the new Congress & create certainty. They should lean on banks to advance short-term, 0-interest advances on individual relief. Long shot but worth a try.
Read 6 tweets
8 Oct
I guess I missed this story when it came out but I lived this settlement fight and reported on it for 5 years and wrote a book about it, and I haven't found a single correct fact in here. theatlantic.com/politics/archi…
Against my better judgment I'll give an example. One scene says Eric Schneiderman got to be in the First Lady's box at the State of the Union & head of the mortgage fraud task force, because Harris turned it down. The text says Harris was in a hotel room, but not where.
Harris' hotel room was in *DC*, and she was there because SHE WANTED TO BE CHOSEN for the position Schneiderman got. There was a back and forth between the two, jockeying for position. Why else would she be in a hotel room and not at home?
Read 4 tweets
7 Oct
Here's our lineup at @theprospect today (with 1 to come):

A long piece from @rkuttnerwrites about Biden's choices on trade and China, with some intelligence on who might be the next US trade rep prospect.org/economy/where-…
Biden has laid out a plan for economic nationalism that is unable to be carried out under the current global trade regime. What will he do about that? Who will run this policy?

prospect.org/economy/where-…
Interesting that Gary Gensler is getting mentioned for USTR in a Biden administration prospect.org/economy/where-…
Read 5 tweets
6 Oct
Dude should have thought of that before he put Section 230 in a trade deal so now it can't be repealed or easily changed by him or anyone prospect.org/power/section-…
And every idiot dittohead screaming about social media bias should know that their guy Trump etched Section 230 into stone through the very globalist tactics he spent his 2016 campaign decrying
I don't like how Section 230 allows platforms to, for example, circumvent consumer product safety laws. But the Covid-infected moron running the country made this impossible to fix prospect.org/power/right-wa…
Read 4 tweets
29 Sep
Just one example of how to fix the terrible inequities in the tax code so it doesn't privilege the rich comes from the source of Trump's audit: the $72.9 million refund for carryback losses. Why was that refund given, and THEN checked out?
As the Times notes, the Joint Committee on Taxation reviews every refund of over $2 million to individuals. Why do we GIVE THE REFUND first and then review it?
JCT could review and only release the funds afterward. Anyone entitled to a refund of over $2 million is highly unlikely to need that refund quickly.
Read 6 tweets

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