1. Been excited about @JoeNBC's sustained convo today about @KBAndersen's new book Evil Geniuses: The Unmaking of America which explains how the Republican Party radicalized OVER ECONOMICS over the past 30 years. It was launched w the radical tax cuts in Reagan's presidency, but
More from Rachel "The Doc" Bitecofer 📈🔭🍌
1. I think so. I don't think the issue are plans. The issue is that the ability of our govn't to function-to create & enact policy- has been seriously abridged the past decade to the point where it can't function. We've seen virtually no legislation this past decade & pretty
2. much none relying on just "regular order." Although the Ds spent almost a year trying w the ACA before giving up & using a procedural trick in the end. Keep in mind, McConnell changed the operation of senate so that all bills, ALL, had to reach 60 vote threshold in the senate
3. That was a MASSIVE change to the legislative filibuster (a massive abuse of it). It creates a super majority requirement for laws that the Framers didn't design. And given the issue of misrepresentation the senate, which is causing a Tyranny of the Minority, its really shut
4. down the federal lawmaking apparatus. If Ds flip these 2 GA senate seats, the legislative filibuster will be right back in the spotlight bc McConnell will use it to lockdown Biden's legislative agenda. And we'll have to see how Biden responds. I agree that Biden needs to give
5. McConnell an opp to change his behavior, but if he doesn't Biden will have to go w EOs or ending the legislative filibuster. Either that, or getting nothing done. The GOP will seek to do to him what they did to Obama- use control of the senate OR the filibuster to prevent
Does anyone in DC have an actual plan that would get the American middle class back on its feet and elevate many more of the poor into the middle class? I mean besides trickle down economics, which has been shown to be a joke?
— John Frost (@JohnFrost) December 30, 2020
2. much none relying on just "regular order." Although the Ds spent almost a year trying w the ACA before giving up & using a procedural trick in the end. Keep in mind, McConnell changed the operation of senate so that all bills, ALL, had to reach 60 vote threshold in the senate
3. That was a MASSIVE change to the legislative filibuster (a massive abuse of it). It creates a super majority requirement for laws that the Framers didn't design. And given the issue of misrepresentation the senate, which is causing a Tyranny of the Minority, its really shut
4. down the federal lawmaking apparatus. If Ds flip these 2 GA senate seats, the legislative filibuster will be right back in the spotlight bc McConnell will use it to lockdown Biden's legislative agenda. And we'll have to see how Biden responds. I agree that Biden needs to give
5. McConnell an opp to change his behavior, but if he doesn't Biden will have to go w EOs or ending the legislative filibuster. Either that, or getting nothing done. The GOP will seek to do to him what they did to Obama- use control of the senate OR the filibuster to prevent
More from Economy
Thread on eminent people supporting farm laws:
Dr. Gita Gopinath, Chief Economist at IMF says "Farm bills are in right
Dr. Surjit Bhalla, executive director at IMF support farm
Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for
Prof Ashok Gulati supports new farm
Vice-Chairman of Bharti Enterprises Rajan Bharti Mittal supports the new farm
Dr. Gita Gopinath, Chief Economist at IMF says "Farm bills are in right
Dr. Surjit Bhalla, executive director at IMF support farm
Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for
Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for India. pic.twitter.com/N6rnelLn0E
— BloombergQuint (@BloombergQuint) December 11, 2020
Prof Ashok Gulati supports new farm
Vice-Chairman of Bharti Enterprises Rajan Bharti Mittal supports the new farm
What do a Tory Peer, Selwyn Gummer (Lord Chadlington), David Sumner ( Sumner Group Holdings) and the Sanchez Perez family (drugs money, laundered through Gold mines) have in common?
It’s another company-saving a £50 million PPE contract shaggy dog story
Connections, connections
What a start to the story
“A bulletproof truck trundled down the road in downtown Lima, guarded by 18 policeman
They were wearing body armour & wielding high velocity rifles
No-one was taking any chances
This was a Special delivery for Peruvian Prosecutor for an anti drug trial
That was in 2011, the same year that Lord Chadlington’s daughter got married in Chadlington to Henry Allsopp.
Who was there?
Yes Kirstie Allsopp of Location, location, location and all this Covid nonsense fame) is his sister
Camilla, his Godmother
Jeremy Hunt
Cameron
Well. Come on. Lord Chadlington had been chair of the local Witney Conservative Association. It’s only fair.
Hang on. Julian Wheatland, Director of SCL Group/ Cambridge Analytica had also been chair of Witney Conservative Association...and campaigned for his mate Cameron
Are we sure Julian Wheatland and his side kick Alexander Nix were not there too @JolyonMaugham ?
I mean. They move in the same North Oxford circles.
It’s another company-saving a £50 million PPE contract shaggy dog story
Connections, connections
The *staggering* tale of a Tory Peer and a \xa350m PPE contract. https://t.co/SH2qxOmfQ4
— Jo Maugham (@JolyonMaugham) December 10, 2020
What a start to the story
“A bulletproof truck trundled down the road in downtown Lima, guarded by 18 policeman
They were wearing body armour & wielding high velocity rifles
No-one was taking any chances
This was a Special delivery for Peruvian Prosecutor for an anti drug trial

That was in 2011, the same year that Lord Chadlington’s daughter got married in Chadlington to Henry Allsopp.
Who was there?
Yes Kirstie Allsopp of Location, location, location and all this Covid nonsense fame) is his sister
Camilla, his Godmother
Jeremy Hunt
Cameron

Well. Come on. Lord Chadlington had been chair of the local Witney Conservative Association. It’s only fair.
Hang on. Julian Wheatland, Director of SCL Group/ Cambridge Analytica had also been chair of Witney Conservative Association...and campaigned for his mate Cameron
Are we sure Julian Wheatland and his side kick Alexander Nix were not there too @JolyonMaugham ?
I mean. They move in the same North Oxford circles.
On Jan 6, 2021, the always stellar Mr @deepakshenoy tweeted, this:
https://t.co/fa3GX9VnW0
Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)
On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)
What do I mean, "fiddle with the exchange rate"?
In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"
RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)
First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.
Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)
The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM
https://t.co/fa3GX9VnW0
Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)
91 day TBills at 3.03%. Interest rates are even lower than RBI has them.
— Deepak Shenoy (@deepakshenoy) January 6, 2021
On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)
What do I mean, "fiddle with the exchange rate"?
In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"
RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)
First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.
Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)
The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM

You May Also Like
Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote: