Jordan Weissmann 🗽 Profile picture
Writer and editor at Slate focused on economics, politics, and public policy. Send pitches to: jordan.weissmann@slate.com
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23 Nov
Wait, what kind of an ungodly turkey platter is in that photo? Image
What in the good name of jeebus did they do to that poor bird? It looks like a Geneva Convention violation was involved.

And why are there corn and carrot chunks in the stuffing? What? Image
Wait...there's green beans and peas too in there...and what appears to be mince? (Or sausage?)

Is this even a turkey? Or is this some kind of insane British Sunday roast they're trying to pass off as American? @markgongloff you guys have explaining to do. Image
Read 7 tweets
22 Nov
The UC system deciding to permanently eliminate standardized testing is a major milestone for higher education. But I think some people might overestimate how big a deal it really is. latimes.com/california/sto…
System wide, the share of underrepresented minorities admitted went from 40% to 43%.
(I should say that's among in-state admits, who are the vast majority at UC. Here's the main doc. ucop.edu/institutional-…)
Read 8 tweets
20 Nov
DSA out here criticizing people for having never "held public power" lol
This is actually a useful thread though. DSA is celebrating a move by the SF Board of supervisors to earmark $64 million to buy apartment buildings that are on the market, and essentially make them rent stabilized public housing. Which is fine. Except...
...how many units would this initiative save? Possibly 300, equal to about 2 average mid-rise apartment complexes. Meanwhile, this kind of a thing does little to nothing to alleviate prices for people actually on the market. sfexaminer.com/news/the-citys…
Read 4 tweets
19 Nov
Tuned into C-Span. McCarthy is yelling about Sputnik and hypersonic missiles. Perfect.
Global minimum tax is going to send jobs to China…somehow.
McCarthy now claiming to do random car repair jobs in his neighborhood when he's back home in his district. Seems like this should be verifiable?
Read 13 tweets
7 Nov
If you want a sense of the dumb incentives policy journalists are facing at the moment:

A few weeks ago, I wrote an article I was pretty proud of that correctly anticipated that the climate section of BBB was going to be shockingly strong, despite the demise of CEPP...
...It was, ultimately, one of the worst read piece I've written in at least years 4 years (certainly bottom 5% of traffic). The headline was admittedly a little goofy, but still. Now... slate.com/business/2021/…
...last week, I tapped out a kind of dumb but fun article with some charts about the 12 gallons of milk discourse. Turned into one of my top 10 articles for the year. slate.com/business/2021/…
Read 8 tweets
7 Nov
Waiting for a bagel, someone in the crowd points out we’re in a literal bread line Image
The guy who made said joke almost has the exact same voice as @CardiffGarcia. It’s a little odd.
If you can’t tell this is a joke, i am sorry, there is nothing I can do to help you. You are lost in this world and too far gone to be saved.
Read 5 tweets
5 Nov
So, today I saw someone I very much respect tweeting about how social spending should be considered infrastructure. And while I have no desire to rehash that debate, I do think there's a meta point to be made about progressives and conservatives play language games.
For conservatives, the go-to play is to make language menacing. Maybe that means taking concept nobody has ever heard of, like CRT, repeating ad nauseum that it represents the great social scourge of the 21st century. Maybe it's just calling the estate tax the death tax...
This tactic works pretty well, because "this thing is bad" is a pretty easy message to digest. This guy has no idea what CRT is, but he knows he doesn't like it. Dumb? Yes. But also the result of super successful messaging.
Read 9 tweets
4 Nov
Some people have pointed out that these two appear to be raising 9 children, including a number of adopted teenagers. That still implies each member of this household is drinking 1.1 gallons of milk a week.
Also, at one point this woman suggests the dollar has lost 30% of its purchasing power and CNN just kind of airs it with a shrug.
Deleting and reposting with humiliating correction to spare myself the same response over and over. I somehow screwed up using the little google conversion thingy because I apparently have a baby brain.
Read 4 tweets
3 Nov
This will of course piss off a particular niche of progressive activists. But fundamentally I think Powell is right on the merits and the politics.
There is a strong argument that central banks need to start seriously looking at how resilient financial institutions are to climate change (as they've begun to). That's many steps removed from telling banks they can't lend to drillers. And...
it would be absolute political suicide for the Fed to say, in public, that actually, he does think that's his job.

Moreover, if you believe in democratic accountability, I'm not sure how you can support a central bank attempting to crater a major industry by fiat.
Read 5 tweets
3 Nov
It is very odd to me that people on here keep talking about Terry McAuliffe as if he was an obviously terrible candidate when he was actually a fairly popular former governor who won in 2013, which was a difficult electoral environment.
Like, if Terry McAuliffe were a terrible candidate, that'd be GREAT news for Dems. But instead you're also seeing big swings in New Jersey against a pretty well liked incumbent.
Anyway, I feel like some people are letting their knee-jerk dislike of the Democratic party actually cloud their view of how bad the situation is for Democrats.
Read 4 tweets
2 Nov
Let's say the BIF and BBB both pass, roughly as is. Will any politician in a democracy be responsible for negotiating more green energy spending and likely emissions reductions than Joe Manchin?
He'd have last year's energy bill, which he wrote with Murkowski, the infrastructure plan (which he was obviously pivotal on), and the BBB climate section, which he worked closely with Wyden on.
This is a reasonable response, except that Manchin performed the magic trick of holding his seat in WV, without which Democrats wouldn't even have a majority.
Read 4 tweets
2 Nov
I am not a fan of SALT, but the argument I see popping up that it "underpins systemic racism" seems a little undercooked to me. politico.com/news/magazine/… Image
The argument seems to be that the SALT deduction subsidizes property taxes, and property taxes are used to fund exclusive public schools, which hurts poorer minorities.

The last part of that chain is true. But you have to think of the counterfactual.

politico.com/news/agenda/20… Image
In a world without the SALT deduction, would schools actually be funded more equitably? It doesn't seem likely. If anything blue state lawmakers will become less likely to pass progressive income tax hikes, for fear of driving away wealthy residents.
Read 5 tweets
27 Oct
The ‘billionaire’ tax is more like a multi-pronged ‘billionaire tax plan.’ One part of it is essentially a one-time wealth tax.
On it's surface, the plan seems kind of exotic.

But when you break it down into pieces, a lot of it is just applying things that exist/have existed elsewhere in the tax code to very, very rich people.
Mark-to-market already applies in some places (Sections 475; Passive Foreign Investment Companies of the sort Mitt Romney owned shares in).

Meanwhile, under this plan, billionaires who have a capital loss will be able to basically get a refund on taxes paid for past gains...
Read 4 tweets
26 Oct
Dune was fun, but as a non-book reader, I’d have liked at least a hint of why the intergalactic emperor apparently hatches this elaborate assassination plot.
alright, guess the whole scheme to corner the intergalactic spice market will be in the sequel
Read 4 tweets
25 Oct
I don't think I have words to convey what a stupid failure it would be to only fix the holes in Obamacare for three years. politico.com/news/2021/10/2… ImageImage
I get why some members of Congress have taken this stance (part of the left really just does not care about the ACA). But why has the White House? What on earth are they thinking?
Also: If Dems campaign on making these benefits permanent, why would anybody trust them to do it? It just raises the question of why they didn't do it in the first place. And there's no good answer other than "Kyrsten Sinema" and "we couldn't decide what we cared about."
Read 4 tweets
24 Oct
Blowing any money on SALT in this bill is a crime.
Also, just for pundit accountability, I guess I'm an idiot.
Oh wait, apparently I am not. Instead, it appears, they have found the gimmick to end all gimmicks.
Read 5 tweets
23 Oct
Since Democrats are desperately scrounging for revenue ideas, and they've been talking cigarette taxes...why not booze?
Add a carveout for crave distillers + brewers and you're fine.
Waaaaaiiiiiit. What if we could increase the gas tax...without increasing the gas tax?
Read 6 tweets
22 Oct
This is fucking stupid. Everyone in the White House almost certainly understands it's fucking stupid. They could probably could do a permanent, 12-week parental leave plan for under $200B. Instead, they're offering this. washingtonpost.com/us-policy/2021…
The paid leave program is almost a perfect example of trying to do too many things poorly rather than one thing well.

They're combining parental leave, which is pretty cheap, with sick leave, which is not, in one insufficient program, that will last a few years then disappear.
The Democrats are getting ready to squander an opportunity to permanently build on the welfare state. It's Manchin and Sinema's fault for being penny pinchers. It's also the progressives' fault for refusing to prioritize anything. But the final bill is shaping up as trash...
Read 6 tweets
20 Oct
I'm sorry, this is fucking stupid.

I saw the CBO score. It's $500 billion to extend both. Just spend the money, because by 2025 Republicans will control at least one branch of government, and there is not a shot in hell they will vote to extend ACA subsidies.
Like, I am fairly confident they will allow all of the TCJA's personal income and passthrough cuts expire before they agree to make the ACA permanent.
Remember, the TCJA's corporate cuts are permanent. And many of those personal cuts go to the middle class—meaning the people making under $400k Biden has promised to protect. If he's president in 2025, he has less leverage than people seem to think.
Read 6 tweets
18 Oct
I have yet to see anyone reconcile Twitter’s hate for Amazon with the fact that it’s now clearly acting as a de facto reservation wage setter in much of the US.
There was a study a while back that tried to show Amazon lowered warehouse wages, but it seemed a little flimsy (could have just been composition effects). Meanwhile…
…states in the deep South de facto do not have a minimum wage, since $7.25 mostly isn’t binding. Instead, they have Amazon.
Read 4 tweets
17 Oct
So, just reupping this from Friday with one comment re: Inflation.

As someone who was on record saying we should try to overheat the economy…I think it’s pretty clear we basically did it. And tbh, I’m not unhappy about it. slate.com/business/2021/…
Like, it’s creating some political problems (Manchin’s fixation on inflation, for instance.) but on net, people have money to spend and we’ve tested some of the limits of the world economy’s productive capacity, which I think is telling us about places we need to invest.
Like, wow do we all have a better understanding of how important semiconductor production is.

Also, one thing that didn’t make it into the piece: Nathan Strang, a trade logistics expert at Flexport, told me he thought the supply chain problems we’re experiencing were inevitable.
Read 5 tweets