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David Dayen Profile picture
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24 Dec, 4 tweets, 2 min read
Well.
Good to know at the outset that Biden doesn't want to be a successful president. #DayOneAgenda
I think the meeting with pundits at the few remaining and rapidly dwindling print newspapers almost offends me more?
The good news is that I will be able to recycle the #DayOneAgenda when the next Democratic president is elected in 2056
For the rest of my remarks I would just refer back to the first time he floated this last week prospect.org/day-one-agenda…

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More from @ddayen

David Dayen Profile picture
26 Dec
Based on my understanding of how the bill works, even if it's signed, say, Sunday, there will be permanent consequences for those on PEUC. It's complicated... (1/?)
PEUC is an extended benefit program for people who have run out of standard unemployment benefits. States also have extended benefit programs of various lengths.
If you're unemployed and you run out of standard benefits, as long as PEUC exists you would go to that for 13 weeks. Then after that you'd go to your state extended benefit program.
Read 7 tweets
David Dayen Profile picture
24 Dec
Spend a few moments of Christmas Eve with @TheProspect and learn about labor and the working class! Here's the lineup:
Our @HaroldMeyerson talks to insiders about Biden's pick for Labor Secretary, which is coming down to a battle over what the working class actually looks like in the 21st century: prospect.org/cabinet-watch/…
Then, here's Peter Dreier with the history of Julie Su, one of the three finalists for Labor Secretary, who has a history that parallels another famous woman who ran the department, Frances Perkins: prospect.org/cabinet-watch/…
Read 5 tweets
David Dayen Profile picture
20 Dec
If you want to talk about a red line in COVID talks it should have always been this. Authorize every dollar necessary to change "early fall" to "spring"
Congress spent two days parceling out language on Fed programs that won't see the light of dawn, 3,000 people a day are dying and the bill on offer won't get us 1, 2, 3 months closer to herd immunity?
Furthermore, last I heard it only extends the unemployment programs for 10 weeks when the incoming surgeon general is saying no mass vaccine takeup until fall.
Congress is making the EXACT same mistake of not extending funding for the duration of the crisis.
Read 8 tweets
David Dayen Profile picture
18 Dec
Unbelievable that Democrats would let this hold up a deal. The Fed facilities have almost exclusively fattened the wallets of the investor class, and the central bank has tools to undertake muni lending anyway. (which it won't as it's ideologically opposed)
The "Main Street Lending Program" Dems are trying to save is mostly an oil and gas lending program. bailoutwatch.org/analysis/mslp-…
The Fed officials in charge of state/local lending are completely conflicted with the muni bond industry, and the result is that it's made two (2) loans.
prospect.org/coronavirus/un…
Read 7 tweets
David Dayen Profile picture
18 Dec
Also today at @theprospect: here's @alex_sammon on Ursula Burns, the former Xerox CEO being mentioned as a possible Commerce Dept pick. Who in her time there bought out the most corrupt student loan servicer in America. prospect.org/cabinet-watch/…
(not to mention service on the boards of Uber, Exxon, and "don't hold us accountable for child slavery" Nestlé)
Then we have Suzanne Gordon and Steve Early on new VA Secretary Denis McDonough and how the agency must restore its mission as a pre-eminent health system, not a bill-payer for private hospitals. prospect.org/cabinet-watch/…
Read 4 tweets
David Dayen Profile picture
17 Dec
Unsanitized today: Though easily forgotten, unemployment benefits are taxable. This is going to really hit those hurt the most economically from the pandemic. Congress can put a stop to it.
prospect.org/coronavirus/un…
The way this will work is that people who normally get refunds won't get them, and many will owe taxes instead. That throws off the long-held refund expectations of the working poor, and serve as a targeted anti-stimulus. prospect.org/coronavirus/un…
Congress has the authority, of course, to exempt all unemployment insurance since the beginning of the pandemic from federal taxation. They should go ahead and do it, or else the unemployed will be on the hook for billions at the worst possible time.
prospect.org/coronavirus/un…
Read 4 tweets

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