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5 Feb, 6 tweets, 3 min read
Summers is wrong, on many counts. The biggest is that the COVID bill is =not= primarily an economic stimulus package. It is a pandemic rescue package.

That Summers disagrees merely means economics is not physics.
The central problem isn't "helping the economy." It is saving the lives of hundreds of thousands of Americans.
This bill won't "sacrifice other progressive priorities" unless Dems listen to rightist fake concerns about deficits. Dems have control of the House and Senate. We can pass what we want.

More priorities will be sacrificed if hundreds of thousands die.
Inflation has been at record lows for nearly twenty years. None of the stimulus packages, nor the immense deficits run by Trump and by Bush before him, were enough to cause the effects Summers fears.

politico.com/newsletters/pl… Image
Again, this isn't about those matters. It's about saving lives. The coming massive climate bill (which is really an infrastructure bill) will address the problems alluded to here, and that will increase production enough to soak up the infusion of money.
politico.com/newsletters/pl… Image
Right now, interest rates are so low that running deficits can actually make money for the Treasury (some rates have briefly gone negative). This is the precise right time to go huge on repairs to everything. We will never again have the chance.

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More from @dcpetterson

DCPetterson Profile picture
7 Feb
You're pretending @POTUS will make money from this. You're demanding President Biden "donate every cent to charity" for a book he didn't write, one that was contracted two years before his inauguration.

That's ridiculous, @waltshaub. Do better! Apologize and sit the fuck down.
And your question--"Would anyone be publishing this book if he wasn't the president's son?"--obviously yes. The contract was signed in 2019, long before Joe Biden became president. So shove your insane innuendo up whatever orifice of yours your head is in.
And what the fuck do you mean to imply by saying Joe "supports" the publication of this book? Are you hinting at some kind of dark influence? Spell out your insane conspiracy theory, you cowardly muckweasel.
Read 6 tweets
DCPetterson Profile picture
7 Feb
I think it is significant to consider how Speaker Pelosi reacted after the 1/6 Insurrection.

We know the insurrectionists targeted her specifically. Had they found her, we know they would have assassinated her. That's not even a question.

1/5
But after the event, Speaker Pelosi didn't make a point of the the danger to herself. She repeatedly told the story of her staff, cowering in terror under a table in a conference room as the insurrectionists battered on the locked door.

2/5
Speaker Pelosi didn't make this about herself. She made it about everyone else who was threatened. She made it about the threat to America. She made it about the assault on the Capitol, the Cathedral of Democracy.

3/5
Read 6 tweets
DCPetterson Profile picture
7 Feb
If Trump or his lawyers admit he lost the election, that's a confession his Jan 6 speech was a lie, and he was intentionally inciting insurrection.

If they don't admit he lost, as LB says here, the Republican "defense" becomes moot.
I suspect what Trump and his lawyers will try to argue is that he won the election, but had it stolen from him, and Biden was inaugurated illegally--thus making Trump no longer president now, so he can't be tried (even though he was impeached before the inauguration). However....
.... arguing this way perpetuates the Big Lie that Trump told on Jan 6 (actually, that he insisted upon every day starting Nov 3). This argument is a continuation of the incitement to insurrection for which Trump was impeached in the first place.
Read 4 tweets
DCPetterson Profile picture
5 Feb
Completely non-political thread. Well, maybe.

I recently bought a very expensive bottle of scotch to celebrate the completion of construction on my new house. It's really expensive. A lot.

A friend asked, is a $400 bottle of booze really worth it?

A thread about worth.

1/8
This has something to do with economics. So it may be political, I don't know.

I have to tell a story about it. I'll start here.

I play piano. Not so much recently, but I used to be pretty good. I played all the time, until I discovered guitars are more portable.

2/8
About 45 years ago, I went into a music store, and they had a full Steinway grand there, on sale for $25,000. That was 45 years ago. It'd likely be over $100,000 today.

Now, at the time, I made about $4 / hour. I owned a piano I'd bought for the price of hauling it away.

3/8
Read 8 tweets
DCPetterson Profile picture
5 Feb
For anyone doubting Joe Biden's strength and commitment, consider his courage in nominating a Black/South Asian woman as VP with fascism on the rise. She wasn't a safe choice, but she was clearly the right choice.

Biden kicks ass.

1/3
I still see fauxgressives wringing their hands over concerns that Biden will "cave" or "compromise" on this or that.

No, Biden is a streetfighter. Don't let his politeness and humanity fool you. He will accept no bullshit, and he knows failure is not an option.

2/3
The self-described "left" may or may not agree with all of President Biden's policies, but he's not going to risk going too small, nor will he negotiate away anything of value in the midst of this existential crisis.

The times have found the right leader for this moment.

3/3
Read 4 tweets
DCPetterson Profile picture
29 Jan
NYT reporter Luke Broadwater has released a Jan 4 memo alleged to have been sent from Trump-toady specially-appointed Acting Secretary of Defense Chris Miller to the Secretary of the Army regarding the DC National Guard.

1/13
The DC National Guard was under the authority of the Secretary of the Army. The DC Guard (DCNG) had requested additional authority to keep DC secure on the impending date of counting the Electoral College votes on Jan 6.

Miller is responding to that request.

2/13
According to this memo, Miller forbids the Army from approving a number of things, without Miller's own "personal authorization."

Here are the things DCNG is forbidden, unless Miller said otherwise:

3/13
Read 13 tweets

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