I'm sorry that the DOJ had to do this, but am pleased they are stepping up to quell the hatred, threatened and in some cases actual violence against our educators and students. nytimes.com/2021/10/05/us/…
As I said last Memorial Day, there is a tension at the heart of representative democracy between those who believe government should represent their interests and those who believe it should represent the interests of the majority, even if at odds with their personal views
Our democracy has survived thanks to the heroes who always defended it. But we have always faced internal threats from those who not only insisted their views must prevail, but resorted to violence when public will moved against them.
Jefferson Davis, 1/6 rioters and anti-mask adults yelling at kids are all cut from the same selfish, intolerant cloth. Their causes may vary, but their theories and tactics are the consistent domestic threat to our Constitution.
There is an irony of course in the fact that the same people protesting masks and critical race theory are the ones who would most benefit from studying the history of American race relations. wgntv.com/news/coronavir…
So thank you to the DOJ. Thank you to our teachers. Apologies to the students who have demonstrated maturity far beyond the adults hurling insults at them. And thanks to the majority, leading with love to keep our democracy intact. /fin
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Case in point. This is a man who's only skill is securing permission slips prior to action. It is the opposite of leadership. washingtonpost.com/politics/pence…
Case in point #2. Nikki Haley, a student of the GOP base who will change her position with every puff of wind rather than articulate a coherent and consistent moral base from which she will lead. wsj.com/articles/nikki…
A brief thread to try and demystify the infrastructure convo in Washington, and hopefully correct some misconceptions:
1/ First, the price is not the story. Our House rules require us to pay for any added costs, which we have done. You may object to the substance or object to the way we paid for them, but there is no basis to say "I like $3.5T better than $1.5 or $10.5" in a vacuum.
2/ Also the cost is over 10 years. $3.5T is $350B/year against a ~$5T/yr federal budget and a $20T/yr economy.
Thank you to my friend @RepAndyLevin for taking the lead on this. When we met with EU climate leaders this week, much of our conversation was about how we ensure that people who worked in the fossil fuel industry aren't stranded in the clean energy transition. A few thoughts:
1/ First, the clean energy transition is coming whether we like it or not. The job of policy is to make sure it comes as quickly as the climate crisis demands. But clean energy is cheap energy, and markets prefer cheap.
2/ Second the fossil sector - like all industries - has always invested in labor productivity that has enhanced their capital recovery even as it reduced their labor input. (See: longwall mining for example.)
1/ First to state the obvious. If $300/week with no benefits that expires in September is a better deal that your current job... your employer is taking advantage of you.
2/ But beyond that there are two numbers to watch: unemployment rate and workforce participation. The 1st measures the # out of work divided by those looking for work. The 2nd is those in or looking for work divided by working age population.
I have so much respect for the way our teachers have managed the last 18 months. And such frustration with those making teachers' and students' lives harder right now. Per @devalpatrick, we too often yell our hatred as we whisper our love. The case for yelling our love (thread):
1/ First, respect for our teachers who during the past year have had to figured out how to keep students engaged in person, fully remote, hybrid and all flavors in between with spotty wifi and health uncertainty. They are heroes.
2/ Second, respect for parents (especially moms!) who've had to adjust their own lives to accommodate kids at homes, no busses, no childcare and COVID ever-present in their family and communities.
This is an equity issue. But it's also a financial stability issue. All of this capital moving around the country is going to be extremely disruptive, especially for regional banks. And it's accelerating.
This is why @brianschatz and I have been pushing our financial regulators to treat climate change as a systemic risk and make sure we have monitors and buffers in place "avant le deluge". casten.house.gov/media/press-re…