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Daniela Gabor
@DanielaGabor 5 years, 7 months ago 679 views

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bankers against Biden's fiscal plan could really do with some proper fact-checking before sending their op-ed to the FT.

We all understand 'it's ideology, stupid!', but no excuse for lazy arguments.

apparently, the Gospel according to Morgan Stanley is that we havent had enough neoliberalism for the past 4 decades

if you click on BIS link, it tells you monetary policy, not higher deficits, are associated with wealth inequality.

Incidentally, unconventional monetary policy through which central banks basically rescued banks after they nearly destroyed the global financial system in 2008

speaking of government spending, who else but Morgan Stanley got $10 billion in equity investments from US Treasury in 2008?

I cant think of a more productivity-enhancing outlay for 10bn of public funds.

the OECD 'evidence' that 'four straight decades of growing government intervention in the economy have led to slowing productivity growth' is also, excuse my language, a lot of bullshit.

if anything, there is stronger evidence that monetary policy is more important for explaining some of the productivity puzzle.

to blame government spending, instead of the Morgan Stanleys of this world, for monetary policy is, let's say, a bit rich

I really like that someone high-up in Morgan Stanley can write about the 'low interest rate elite'

it's on par with Erdogan's 'high-interest rate cabal'

the OECD 'evidence' again, two paragraphs lower!

'my team cannot prove causality, and I wont even link to the study proving correlation, but it must be true because I am a serious person making substantive arguments backed by strong evidence'

the average person understands that some bankers do get a free lunch, and munch on it while penning underwhelming op-eds.

I for one am all for Biden taking it away. Or better, redistribute it to some migrant workers breaking their back for $10 an hour.

More from Biden

Alex Kaplan
@AlKapDC

Today is Inauguration Day. It will be a milestone day for QAnon supporters. We may see splintering as Biden takes office between those realizing QAnon isn't real & those doubling down & moving the goalposts. Here's a poll from a QAnon Telegram channel today suggesting a divide.

$\U0001f1fa\U0001f1f8I Support Our Military & Law Enforcement\U0001f1fa\U0001f1f8$

🇺🇸I Support Our Milita...
@TheWiseOwl_AZ

1. Thurs. 21 Jan. Simon Parkes: https://t.co/YX93CYE0Km

Some of B*iden’s inauguration was live, while other parts were pre-recorded.

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$Thomas Wood \U0001f30a$

Thomas Wood 🌊
@twoodiac

Biden saying that Rs “beat the living hell out of us” in downballot races across the country is significant, because (1) he said it to an audience that didn’t really want to hear it and https://t.co/FM7OwUgWYH 1/8

(2) because he wouldn’t have said it unless it was based on conclusive internal polling. 2/8

It is also encouraging if it *is* the correct analysis of Ds’ disappointing-- even calamitous--electoral outcomes in downballot races.

It is encouraging because it is easily remediable with better messaging. 3/8

In fact, Biden made it clear during the election that he did not favor actually defunding the police: that he only favored reforming the police, and specified policies to do that. But he didn’t say it loud enough, and downballot D politicians didn’t either. 4/8

(The R messaging over “defunding the police” seems to have worked to protect R politicians in downballot races, but wasn’t enough to get Trump himself reelected over the repugnance Ds and Independents felt for him.) 5/8

Xiyue Wang
@XiyueWang9

1. Ben Rhodes’s comment dismissing the concerns of former political prisoners and US hostages in Iran regarding Rob Malley’s potential appointment as Iran envoy is deeply unprofessional and offensive. As my own story illustrates, not everything is about partisan DC politics.

I think Joe Biden should pick his Iran envoy, not Tom Cotton and a bunch of cheerleaders for MBS and American authoritarianism. Elections have consequences.
— Ben Rhodes (@brhodes) January 22, 2021

2. In 2016 I was a Princeton graduate student who excitedly supported the JCPOA and the new era of Iran-US diplomacy it was meant to usher. Such was my optimism that I actually went to Iran for dissertation research. That’s when my nightmare began.

3. I was arrested by Iranian security forces and held hostage in Evin prison-away from my wife and infant son-for more than 3 years. The regime knew I was innocent and told me so. It took me 40 months in Evin to comprehend what had happened to me.

4. As a political prisoner I’ve likely had more intensive contact with Iranian hardliners than most Iran watchers in the US, especially US govt officials like Mr. Rhodes and Malley. I believe the insights derived from that experience have a unique value.

5. I support strengthening the nuclear deal, but am convinced the JCPOA of 2015 is well-intended yet inadequate. Simply lifting pressure against Iran and allowing it to benefit from economic integration produced NO further incentive for the regime to change its behavior.

David Dayen
@ddayen

This is a very uninformed article that presumes the dumb way Trump initiated executive orders taints all executive action a president has the authority and mandate to

I can't believe this has to be spelled out:
Congress passes laws, presidents implement them. There are latent authorities in already passed laws that can be employed to give material benefits to people. That's literally the job description of the president in Article II.

Most of Trump's exec orders were BS but some did draw on already passed laws, like the farm funding through the Commodity Credit Corporation. That was billions of dollars that cannot be "rolled back."

It was untargeted and drawn upon disproportionately by rich farmers. But there are more equitable measures, with the authority granted by CONGRESS, which the president can implement.

So far Biden has not really taken this opportunity. There's been a blizzard of paper, most of it rolling back Trump EOs, and some emergency programs. A few of those emergency programs are going to give real benefits (eligibility changes on nutrition assistance for ex.)

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ANCIENT BHARAT WAS CALLED VISHWAGURU, AND IT REALLY DESERVED IT.

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@franciscodeasis https://t.co/OuQaBRFPu7
Unfortunately the "This work includes the identification of viral sequences in bat samples, and has resulted in the isolation of three bat SARS-related coronaviruses that are now used as reagents to test therapeutics and vaccines." were BEFORE the

chimeric infectious clone grants were there.https://t.co/DAArwFkz6v is in 2017, Rs4231.
https://t.co/UgXygDjYbW is in 2016, RsSHC014 and RsWIV16.
https://t.co/krO69CsJ94 is in 2013, RsWIV1. notice that this is before the beginning of the project

starting in 2016. Also remember that they told about only 3 isolates/live viruses. RsSHC014 is a live infectious clone that is just as alive as those other "Isolates".

P.D. somehow is able to use funds that he have yet recieved yet, and send results and sequences from late 2019 back in time into 2015,2013 and 2016!

https://t.co/4wC7k1Lh54 Ref 3: Why ALL your pangolin samples were PCR negative? to avoid deep sequencing and accidentally reveal Paguma Larvata and Oryctolagus Cuniculus?