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2/ Note: Until Trump 2020 vote by district is available, I'm using Trump 2016 vote. W/ the miraculous DailyKos 2020 data so far, the two are very highly correlated. And note: MC's own 2020 electoral vote doesn't help us distinguish the Sedition Caucus GOP from their colleagues.
https://twitter.com/JakeSherman/status/13109952413699932162/ Dems seem roughly indifferent between securing a deal or an issue for their campaigns. Voting this week on pared back HEROES Act suggests Dem leaders still favor a deal, not least on acct of pressure from swing district Dems who want a law, not an issue, to take home to voters
2/ Can also see the (inevitable) impact of malapportionment on distribution of PPP loans. Less popular states make out like (relative) bandits, tho they took a much smaller economic hit. (Figures show # all PPP loans per capita per state.)
2/ There’s a lot to disentangle here —> how much of sagging mobility shaped by federalism (varying state policies), individual behavior (responsiveness to policies/experts), state elite signals (😷), weather (🥵🥶). Some but not all run in tandem with state partisanship.
https://twitter.com/crampell/status/12599329545386721312/ I see at least 4 barriers to Congress adopting automatic stabilizers -- for example programs that would use a particular trigger (like an unemployment rate) to automatically enhance unemployment insurance, send direct payments to individuals, bolster food assistance etc.
https://twitter.com/PeterContiBrown/status/12461602825373982732/ "Congress" is never a unitary actor. In this case (and typical of recent years/decades), Democrats and GOP wanted different things in empowering Fed and Treasury to expand and broaden its lending AND in the degree of autonomy given to Treasury in making its lending decisions
https://twitter.com/GagnonMacro/status/1245369777020981249For sure, CARE empowers Fed to set up facility to address liquidity needs of municipalities. But that doesn't also mean that lawmakers will give the Fed a free pass after the crisis based on its decisions of which states/cities to aid. Fed of course understands that it is there..