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4 Dec, 5 tweets, 2 min read
Here's a really good Cabinet Watch scoop from @rkuttnerwrites. Will Big Tech Take Over Trade Policy? prospect.org/cabinet-watch/…
It looks like Katherine Tai, a House staffer who is broadly liked and supported by labor, will get the job of US trade representative. That's the good news. But--
Two former Obama-era USTR officials who went right from there to Amazon to become lobbyists are poised to come back in top jobs. And--
prospect.org/api/amp/cabine…
Jayme White, a top staffer for Sen Ron Wyden, is likely to come in as Tai's deputy. Wyden is aligned with tech on many issues, including trade, where there are a host of important actions upcoming.
prospect.org/api/amp/cabine…
It's a great look at how the cabinet selections at the top don't always tell the entire story. Read it!
prospect.org/api/amp/cabine…

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More from @ddayen

David Dayen Profile picture
4 Dec
Great day at @theprospect begins with a review of several monopoly books by the great @zachdcarter. prospect.org/culture/books/…
"For Lynn and Teachout, the rise of today’s monopolies is not woven into the fabric of capitalism. It is a relatively recent phenomenon, created by specific policies and a particularly lax attitude about antitrust laws." prospect.org/culture/books/…
Then we have @HaroldMeyerson with a #DayOneAgenda piece how the Biden administration can harness the power in an obscure agency—the Wage and Hour Division of the Labor Department. prospect.org/day-one-agenda…
Read 7 tweets
David Dayen Profile picture
3 Dec
The "it's just an index fund" people obscure BlackRock's habit of placing officials in top government positions around the world, to conjure up business for the company from scratch
But Matt doesn't follow me anymore because he's afraid of debate, so

prospect.org/economy/blackr…
BlackRock "purchased stakes in Mexican toll roads, hospitals, gas pipelines, prisons, oil exploration businesses, & a coal-fired power plant," not shares but stakes in the infrastructure, increasing the value through contacts in the Mexican govt. This has been replicated globally
"a contractor named Grupo Tradeco continually missed deadlines for building a private prison in Coahuila state, with accusations of 2.5bn pesos in waste. But right before BlackRock bought the project, Peña Nieto increased the construction payments for the prison by 18 percent"
Read 6 tweets
David Dayen Profile picture
26 Nov
If Obamaworld wants to go to the mat to defend Deese as a climate champion, that's fine, but how about they explain this piece that I didn't put in my initial story:
Deese was the main Obama WH official pushing the JOBS Act, one of the worst pieces of legislation of the era
JOBS was an acronym for "Jumpstart Our Business Startups," but it really just reduced corporate accountability and transparency over a large and increasing level of securities.
Absolutely nothing in the JOBS Act ended up increasing jobs. But it has created a situation where only about 30% of all securities offerings are registered, with the rest having no reporting requirements. This helped create frauds like WeWork.
Read 5 tweets
David Dayen Profile picture
25 Nov
Here are a couple pieces from our next print edition. @HaroldMeyerson looks at the two parties post-election, each a representative of a distinct world, neither commanding a political majority over the other. prospect.org/politics/the-s…
Take exit polls for what they're worth, but this set of statistics from the AP exit poll is incredible prospect.org/politics/the-s…
And here's @alex_sammon on the need for accountability for the Trump regime, and the tragic lack of it in recent history.
prospect.org/justice/prosec…
Read 4 tweets
David Dayen Profile picture
24 Nov
The Prospect has learned that Brian Deese, an Obama official and now an executive with the asset management giant BlackRock, is the leading contender to direct the National Economic Council.

prospect.org/cabinet-watch/…
At BlackRock Deese was effectively in charge of brushing off activists concerned about the firm's prodigious investments in fossil fuel companies.

prospect.org/cabinet-watch/…
Deese promoted fossil fuel development as a climate adviser to Obama, and talked up deficit reduction when part of omb. Both would be seriously problematic now amid the Covid recession and the climate crisis

prospect.org/cabinet-watch/…
Read 4 tweets
David Dayen Profile picture
24 Nov
We have a great feature today about the Supreme Court. Liberals are despairing the Court being in conservative hands for a generation. But there's an important tool available to prevent the judiciary from dominating policy: Congress. (1/)
prospect.org/justice/how-to…
Teaming up with @theintercept, @theprospect has found dozens of rulings that were not decided on constitutional grounds, but on interpretations of the statute. In those cases, Congress can just briefly change the statute and nullify the ruling. prospect.org/justice/how-to… (2/)
This was the subject of the very first bill Barack Obama signed, the Lilly Ledbetter Fair Pay Act. And @rmc031 and @Marcia_Brown9 looked at 8 major issue areas and found ways to reverse court rulings through statutory interpretations. prospect.org/justice/how-to…
Read 5 tweets

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