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Aug 24 • 16 tweets • 8 min read
When society runs harmful experiments on humans, society should repair the damage to those humans.

It's pretty simple, and it should be the bare minimum of living in a civil society and democracy.
Biden's student debt cancellation is a win and sets a precedent for broader reparative policies of the kind @FeliciaWongRI and @kstrickland_ discuss here @DemJournal in their piece on moving past neoliberalism and racial liberalism.
democracyjournal.org/arguments/beyo…
This was also a theme of my first ever report for @rooseveltinst after Trump won in part by coopting the progressive Dem message on trade: those communities that globalized capital abandoned also merit reparative justice.
rooseveltinstitute.org/publications/s…
The Inflation Reduction Act - signed last week - is a down payment and beginning on that reparative agenda for the working class.
Always listen to Bill (@WSpriggs).
Today @TheAtlantic, @JosephEStiglitz on student debt cancellation. It's likely good for business formation, and only inflationary if one accepts pretty dubious proposition that banks loan money for unproductive spending sprees based on accounting fictions.
theatlantic.com/ideas/archive/…
Always listen to @joelle_gamble
Always listen to @BharatRamamurti
Always listen to @IrvingSwisher
Always listen to @CharlieEatonPhD
Always listen to @hboushey46
Thank you @jmargetta!
Thank you for staying on this, @SuzMKahn!
"It’s great to see the president take action to forgive the crushing debt burdens of borrowers from the most disadvantaged backgrounds,” said @owenslindsay1, executive director of @Groundwork, to @DaniDougPost @JStein_WaPo. washingtonpost.com/education/2022…
Origin story:
Thank you, @DrAliBustamante, for your tireless work in the student debt space.

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More from @toddntucker

Todd N. Tucker Profile picture
Aug 26
Democrats Might Get Exceptionally Lucky This Fall, and They Should Be Ready for That- another great piece by @jbouie

GOP has lost generic congressional ballot lead & has flawed Senate candidates, while House Dems chances are about what Trump's were in '16
nytimes.com/2022/08/26/opi…
Bouie suggests we pivot from industrial policy to social policy, highlighting the child tax credit, reproductive rights, labor rights, and voting rights as priorities.

Yet, with the exception of voting, these could all be also conceived of as industrial policy, or related to IP. Image
As @stephsterlingdc and I wrote last year, industrial policy is any government policy that encourages resources to shift from one industry or sector into another, by changing input costs, output prices, or other regulatory treatment.
rooseveltinstitute.org/publications/a…
Read 11 tweets
Todd N. Tucker Profile picture
Aug 24
This🧵 includes some important historical institutionalist-type points about the setting of when a bunch of stuff got built during the New Deal era versus the (early) postindustrial timing of the post 1970s environmental movement.

Some random reflections...
Another HI point: the China trade shock and those that preceded it, contributing to much of capital, labor, and communities seeing less of a stake in material production. Goods show up on shelves, they're cheap, which is a lifesaver since wages are kept low + there aren't unions.
There is no pre-distribution game rooted in a productive economy, it's all post-distribution in a post-modern economy - trying to use a tenuous influence on the state to wrest money for social programs from the oligarchs and rentiers enriching themselves off of Ponzi schemes.
Read 19 tweets
Todd N. Tucker Profile picture
Aug 11
It's not every (any previous?) USTR that gets invited to give a keynote at a major labor convention. Here's @AmbassadorTai at the @steelworkers convention in Nevada.
Full remarks here:
ustr.gov/about-us/polic…
The identification of the "national interest" with that of "workers' interest" - at home and abroad - is unprecedented for a USTR. Image
Read 7 tweets
Todd N. Tucker Profile picture
Aug 9
"the Inflation Reduction Act would sweeten the pot, with the government extending the full $7,500 tax credit through 2032 while scrapping the 200,000 unit ceiling, which has already affected Tesla, GM and Toyota..."
washingtonpost.com/climate-enviro…
"For more modest income earners, the tax credit will be refundable, meaning that regardless of the buyer’s income, the purchase price reflects the full tax credit..."
"That won’t matter for buying Teslas, which generally sell in the $65,000 range, but GM is offering the Bolt for less than $30,000."
Read 4 tweets
Todd N. Tucker Profile picture
Aug 9
Political lanes post-Dobbs (from smallest to largest?):

1. Forced labor, with modest increases in the social safety net. 👇
2. Forced labor, with a palpable lust for rolling back the existing safety net:

"This is not a new idea. This is a dumb old idea,” anti-tax crusader Grover Norquist of Americans for Tax Reform, said of family support — adding that it keeps showing up “like herpes or shingles.”
3. Forced labor, with no expansion of the existing safety net (the McConnell- Keep America Last lane):
pewresearch.org/fact-tank/2019…
Read 9 tweets
Todd N. Tucker Profile picture
Aug 8
Absolutely bizarre editorial decision to cap off 1.5 years of coverage of dinging Dems for not passing their agenda with an above the fold opinion piece by a retired columnist whose piece is less about IRA and more about how the right economic policy is... quietism? Image
So children, the moral of the story is not that lack of party discipline or corruption - you know, the angles we've covered extensively - were the problem, it was trying to do anything at all. Why do you care so much? Sit back and let class discipline work its magic. ImageImage
The piece has no substantive engagement with climate, doesn't mention words Paris, emissions, carbon once. No historical context of 30 years of Senate inaction

You don't need to shill for the party in power, but this types of bothsideism is fatal to a liveable planet and country
Read 5 tweets

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