Politics – Page 14 – The Wrongologist

Saturday Soother – Biden’s First Year, January 22, 2022

The Daily Escape:

Winter sunrise, Monument Valley, Four Corners – January 2022 photo by Lothar Gold

Wrongo is rooting for Biden and for the Democrats to grab victory from the jaws of defeat in the November 2022 mid-terms. He also has a few thoughts about Biden’s first year as president. Dickens said it best in The Tale of Two Cities in 1859:

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness…”

This seems to apply today. The best is how the economy is performing. GDP is up while unemployment is down dramatically. Six million new jobs have been created. Wrongo repeats what he said earlier this week:

“A year ago, forecasters expected unemployment to be nearly 6% in the fourth quarter of 2020. Instead, it fell to 3.9% in December….Wages are high, new businesses are forming at record rates, and poverty has fallen below its prepandemic levels. Since March 2020, Americans have saved at least $2 trillion more than expected…the median household’s checking account balance was 50% higher in July 2021 than before the pandemic.”

On Biden’s watch, we’ve given 532 million doses of Covid vaccine to Americans.

The worst of times includes too little progress in four areas: First, our inability to put the Coronavirus pandemic behind us. Second, our inability to do anything about the looming threats to our elections that partisan vote-counting in many Republican-controlled states implies. Third, the continuing fracturing of our social cohesion, and fourth, our inability to face up to the climate crisis.

These are not solely Biden’s failures. These failures are shared by Republicans, along with the rest of the Democratic Party leadership who seem to have forgotten what the job of being a politician is. If you doubt that, consider what Paul Begala said on MSNBC:

“…the problem for the Democrats…is not that they have bad leaders. They have bad followers”,

Begala is Dem royalty from an earlier time, even if he’s no longer powerful today. Doesn’t this show that the rot is throughout their leadership? Matt Taibbi wrote: (emphasis by Wrongo)

“Democrats are now in their second straight year of losing significant ground with all minority groups. There are major defections among Asian and Hispanic voters, and even Trump’s six-point gain among black men last year is beginning to look like a thing (Biden’s approval rating with black voters has dropped from 78% to 57%).”

So, does all that add up to the age of foolishness or the season of darkness? Opinions differ. More from Taibbi, who says given America’s demographics, Dems had a glidepath to a permanent majority:

“If Democrats had just figured a way to deliver a few things for ordinary people over the years, they would never have lost again….if that were its real goal, the formula was obvious. Single-payer health care, bulk negotiation of drug prices, antitrust action against Too Big To Fail banks or Silicon Valley’s surveillance monopolists — really anything that demonstrates a willingness to prioritize voters over the takeover artists and CEOs who fund the party would have given them enduring credibility.”

With nine months until the 2022 mid-terms, what can ol’ Joe and the even older Democratic Party leadership do to turn things around? The truth is that they’re most likely incapable of turning the tanker that is the Democratic Party onto a new, true course that will return them to majorities in the House and Senate.

Wrongo has covered what they should do. He has little optimism that they are up to the task.

Time to pivot to our Saturday Soother, where we let go of questions like “Will Russia invade Ukraine?” or “Will Ivanka testify?” and focus on a weekend of professional football playoffs or the Australian Tennis Open. Here, we’re gonna watch the TV return of “Billions”. We’re also taking down the last of our Christmas decorations and hoping for the return to normalcy that Biden promised us a year ago.

Time to grab a seat by the window and listen to Gregorio Allegri’s “Miserere mei, Deus” (Have mercy on me, O God), performed in 2018 by the Tenebrae Choir conducted by Nigel Short at St. Bartholomew the Great Church, London. We all need a little mercy now, and this is beautiful:

This was composed in the 1630s for use on Holy Wednesday and Good Friday of Holy Week. Pope Urban VIII loved the piece and forbade its performance anywhere outside of the Sistine Chapel.

For over 100 years, ‘Miserere mei, Deus” was performed exclusively there. In 1770, Mozart who was 14, heard it, and transcribed it from memory. The following year, Mozart gave the sheet music to historian and biographer, Dr. Charles Burney. Burney published it in London, which resulted in the papacy lifting the ban.

Democrats Must Go on Offense

The Daily Escape:

Oregon City Bridge, OR with Willamette Falls in background – January 2022 photo by Sanman Photography

Gallup says that the Dems are losing the battle for hearts and minds. Their most recent poll shows a dramatic shift over the course of 2021, from a nine-percentage-point Democratic advantage in the first quarter to a five-point Republican edge in the fourth quarter. Here’s a chart showing the bad news:

Sunday Cartoon Blogging – January 16, 2022

A new Quinnipiac University Poll, conducted between January 7 – 10 of a nationwide sample of 1,313 adults shows that Americans are confused about which Party is protecting voting rights:

(hat tip: Jobsanger)

This is another example of poor messaging by Democrats. Republicans have been trying to suppress voting in many states, and the Republicans in Congress have prevented Democrats from passing legislation to protect the right to vote for all citizens. But only 45% say Democrats are protecting the right to vote and 43% say it’s the Republicans. That’s within the poll’s margin of error of 2.7%, meaning it’s a virtual tie.

There are only three cohorts with more than 50% saying that one Party is better. Women (52%) and Blacks (86%) say it’s the Democrats, while Whites (51%) say it’s the Republicans. It’s also interesting that 12% apparently have no opinion about which Party is better for voting rights. Whatever the reason why this poll is so close, it isn’t good for the country. On to cartoons.

Let’s vote our way out:

More GOP inflation:

Sen. Sinema is just not that into him

Are Sen. Manchin’s priorities misplaced?

Supremes reject federal government’s right to set rules for public safety:

(The mandate would have covered about 84.2 million Americans. OSHA estimated (before Omicron) that the rule would save 6,500 lives and prevent 250,000 hospitalizations over a six-month period.)

Supremes can’t rule on Djokovic:

Saturday Soother – January 15, 2022

The Daily Escape:

Mount Pierce, with Mt. Washington in background, NH – photo by Eric Duma

On Tuesday, Democrat Sheila Cherfilus-McCormick won an election to fill the seat in Florida’s vacant 20th Congressional District. She will replace the late Rep. Alcee L. Hastings (D) who died last April after losing his fight with pancreatic cancer.

Cherfilus-McCormick, a 42-year old health-care company CEO, easily defeated Republican nominee Jason Mariner. The WaPo reports that Mariner had talked openly during the campaign about his past convictions for theft and cocaine possession and his time in jail. Bless his heart!

It wasn’t expected to be a competitive contest since Democrats heavily outnumber Republicans in the district. Biden won Florida’s 20th in 2020 with 77% of the vote, while Cherfilus-McCormick won the special election with 79%.

The CBS affiliate in Miami reports that Mariner is now refusing to concede his 60-point loss and is demanding an investigation into “election fraud”:

“Now they called the race, I did not win, so they say, but that does not mean…that we lost,”

He had filed a lawsuit before the polls even closed alleging there were problems with the ballots in Palm Beach and Broward Counties.

While we know that winning candidates can take office even without a concession, Republicans are turning into the Party of sore losers. When the 2022 mid-terms roll around, it is abundantly clear that few Republicans will concede in their races.

This makes a lie of what some Democrats (and a few Republicans) have said about the looming problems with vote counting; that if the winning margins are big enough, elections can’t be stolen. Margins are rarely as large as Cherfilus-McCormick’s, and her opponent isn’t conceding.

The entire point of the GOP’s continuing election lies is to undermine the legitimacy of wins by Democratic candidates. We’ll soon see whether contested mid-term elections won by Democrats will be judged as fraudulent in the many Republican-controlled states.

The broader Republican Party understands that there’s no such thing as a bad Conservative. Until they aren’t. At which point they call them liberals. As Rick Perlstein famously observed, in Conservative circles, “Conservatism never fails. It is only failed.”

When Congresswoman Cherfilus-McCormick takes office, Democrats will again hold 10 more House seats than Republicans. There is currently one vacancy in the House, the empty California seat formerly held by Congressman Devin Nunes (R).

Let’s move on from this week’s sad news that we will not see Democrats break the filibuster to pass either the For the People Act or the somewhat more modest Freedom to Vote Act. it’s time for our Saturday Soother!

Here in the Northeast, we’re expecting snow on Martin Luther King Jr. day, although we still have a respectable amount of snow on the Fields of Wrong. Today we’re hosting another gathering of family who were unable to visit when Wrongo inconveniently got Covid on Christmas Eve.

So the time is right to have a Saturday Soother before the house fills up. Let’s start by brewing up a vente cup of Panama Washed Process Gesha ($50/6 oz. That tells you inflation is really out of control!) from Jersey City, NJ’s own Modcup roasters.

Now grab a seat by the fireplace and remember Ronnie Spector, who died this week. Spector and the Ronettes were (along with the Shirelles) the essential 1960s girl groups. In 1963, the Ronettes joined forces with Wall of Sound producer, the odious Phil Spector, by cold-calling him.

The Ronettes went on to have nine top-ten hits working with Spector. Ronnie and Phil married in 1968. During the marriage, Spector was violent and abusive, subjecting her to physical and emotional threats, and locking her up in their home. She finally managed to escape, barefoot and with just the clothes on her back.

Now, listen to a 1987 cover of the Ronette’s original “Be My Baby” this time featuring Ronnie Spector alongside The E Street Band’s Clarence Clemons, with backing vocals by Belinda Carlisle, originally of the Go-Go’s, and Grace Slick from the Jefferson Airplane. The song was written by Ellie Greenwich, and was a genuine teen anthem in 1963, it was recorded live at The Latin Quarter, NYC, in February, 1987:

RIP Ronnie!

Why Isn’t Good Economic News Covered?

The Daily Escape:

Crater Lake, OR – winter 2020 photo by Austin James Jackson photography.

We need to talk about the economy. The underlying economic news is very good, but both the press and the Republicans say it’s bad, while Democrats say very little.

There are three things being discussed. First, inflation is terrible. This is a key Republican talking point about how Biden is failing the country. Second, jobs are going begging in what journalists have dubbed “The Great Resignation”. This is supposedly the fault of giving too much in unemployment benefits, allowing people to stay home rather than work. Third, if the economy is so great, why isn’t employment growing faster?

Starting with the last point, take a look at this graph showing jobs growth since 2008. The blue bars are when a Democrat was president, and the red bars are when a Republican was president:

That last blue bar is the strongest jobs growth in history. During 2021, the US created more than 6 million jobs, the most since records began in 1939.

That means Biden has just managed a year of stunning jobs growth, but consumers were constantly fed headlines about “disappointing” jobs reports, because the initial reports rarely align with skewed “expectations” by economists and pundits. Explaining this should be fairly easy, but the press can’t seem to get it across to the American people.

In addition, wages have been moving up across the board:

In December, average hourly earnings for Production and Non-supervisory Personnel rose $0.12 to $26.61, which is a 5.8% year over year gain. This shows that American workers are finally building some economic power. People have choices right now. After years of worker insecurity in the wake of the financial crisis followed by the pandemic, they have options. Jobs are going unfilled, while virtually no one is getting laid off.

The unemployment rate has now fallen close to a 50 year low, at a level exceeded only by one month in 2000, and during 2018-19. The economic result of this is visible on the graph above.

While employment is continuing to be strong, we’re still lagging in terms of filling job openings created by pandemic losses. America must gain an additional 3.6 million jobs in order to equal the number of employees in February 2020, just before the pandemic hit. At the current average jobs growth rate for the past 6 months, that should take about 7 more months to reach the pre-pandemic employment level.

Economists are tying themselves in knots trying to figure out why more Americans aren’t going back to work. Some of those reasons are understandable: Fears about health, caring for someone who’s sick, and lack of childcare. But there’s a big reason that isn’t talked about. Employment has declined in the last year among workers who were 55 or older at the start of the pandemic. A WaPo analysis found that over 1.5 million more people were retired in November 2021 than would have been expected based on pre-pandemic trends. That would help explain the employment story if the mainstream media would look at the big picture instead of dutifully following Right-wing propaganda.

Turning to inflation, the WaPo says:

“The US economic recovery from the Covid pandemic was the strongest of any of the big Western economies…The Biden stimulus pushed the bank accounts of even the lowest-income Americans to unexpected heights. On average, they had more than twice as much in their savings accounts as they did when the pandemic began.

The Federal Reserve…helped, too. It held rates near zero and pumped hundreds of billions of dollars into the economy. The twin fire hoses of cash — one from Congress, one from the Fed — sent Americans’ spending roaring back.”

Bloomberg reports that manufacturing companies are saying their supply chains are performing a little better. Their message seems to be that things aren’t worsening.

While oil prices get the most attention, the ISM surveys show manufacturers say the cost of more commodities are falling. In December, there were eight commodities that were identified as falling in price. In November, it was four. In October, just one (wood).

Finally, the NY Fed is out with its 2022 inflation expectations survey. It shows that In December, US consumers expected inflation to average 6.0% over the next 12 months and 4.0% over the next three years. Those expectations were unchanged from November 2021.

It also showed that Respondents were more optimistic about their future wage and income growth, as well as their ability to hold a job or find a new one.

One big question for Republicans is what will they pivot to if inflation actually slows down?

A larger question is why the Democrats and the press can’t explain good news when it happens?

Saving The Republic By Destroying It

The Daily Escape:

New Year’s Day, Pike National Forest, near Colorado Springs, CO – January 2022 photo by Daniel Forster

“It’s not the voting that’s democracy; it’s the counting.” – Tom Stoppard

Tomorrow we will observe the anniversary of the attempted coup at the US Capitol. For the most part, in response, America will do nothing. The Atlantic’s Barton Gellman wrote last month,

“Trump and his party have convinced a dauntingly large number of Americans that the essential workings of democracy are corrupt, that made-up claims of fraud are true, that only cheating can thwart their victory at the polls, that tyranny has usurped their government, and that violence is a legitimate response.”

There are tens of millions of Americans who believe that the 2020 election was magically stolen from Trump, and tens of millions who believe violence is the answer to resolving that problem. A new NPR/Ipsos poll finds that 64% of Americans believe US democracy is “in crisis and at risk of failing.”

The poll found one-third of Trump voters say the attack on the Capitol was actually carried out by opponents of Donald Trump, including Antifa and government agents, a baseless conspiracy theory that has been promoted by conservative media ever since the attack, even though it has been debunked.

Is the US careening toward a second civil war? Republicans seem to be willing to destroy the Republic to save it.

Stephen Marche published an excerpt from his new book in the Guardian. He points out that the Right has recognized that the American political system is in collapse, and it has a plan: violence and solidarity with far-right factions that want to subvert the vote-counting process.

Marche says that two things are happening at the same time. The American Right has abandoned its faith in government. The American Left has been slower on the uptake, but they are starting to figure out that the American political system which we call a democracy is less deserving of the name as each year passes.

So, the Right is already preparing for a breakdown of law and order. They’re preparing because they’re the ones fomenting the breakdown.

A University of Virginia analysis of census projections shows that by 2040, 30% of the population will control 68% of the Senate, and eight states will contain half of the US population.

The conservative project to achieve permanent minority rule long precedes Trump’s efforts to nullify the election in 2020. It’s being further codified into law in states across the country. The Senate’s built-in malapportionment gives advantages overwhelmingly to white, non-college educated voters. The federal system as constituted no longer represents the will of the majority of the American people.

This shouldn’t surprise you, since we continually elect people uncommitted to making government work. And surprise, it doesn’t. VOX’s Zach Beauchamp observes:

“America’s dysfunction stems, in large part, from an outdated political system that creates incentives for intense partisan conflict and legislative gridlock. That system may well be near the point of collapse. Reform is certainly a possibility. But the most meaningful changes to our system have been won only after bloodshed and struggle, on the fields of Gettysburg and in the streets of Birmingham. It is possible, maybe even likely, that America will not be able to veer from its dangerous path absent more eruptions and upheavals — that things will get worse before they get better.”

Can this be avoided? Unclear. The Democrats have done an excellent job in ensuring they have little bench strength. Who do they have who is capable of succeeding Biden?

The Republicans have lobotomized their talent base. Trump created an environment where any number of lunatics can claim followers that vaguely fit under the Republican banner, while the mainstream Right fails to control either the Party or its narrative.

It’s still possible for America to implement a modern electoral system, restore the legitimacy of the courts, reform its police forces, and alter its tax code to address inequality. All of these changes are possible.

However, we can’t simply hope that everything will work out; it won’t. If democracy is to survive, the US must start over. It must rediscover its revolutionary spirit. But who’s willing to do that? We seem to feel that it’s futile to expect that we can change anything.

The upshot is that people are angry. Many are checking out, no longer caring about what happens. How will we save the American project if we aren’t willing to fight for it?

What happens if it no longer matters who is running for president next time around?

We may find out.

Sunday Cartoon Blogging – December 19, 2021

The political class in DC is very concerned about inflation, including many Democrats. So much so that they are unwilling to pass Biden’s “Build Back Better” social infrastructure bill because it will add to our current inflation. Specifically, Sen. Manchin objects to the extension of the child tax credit that is expiring this month.

It’s time to remind these people of what real inflation looks like. Back in 1980, when then-Chair of the Federal Reserve Paul Volcker raised interest rates high enough to throw the US into a recession and end inflation, inflation had averaged 6.9% for the previous 11 years. Let’s also remind Sen. Manchin that this year’s annualized rate of inflation went above the long-term average of around 3% in April. We’ve averaged 6.81% for the year, not for 11 years.

The Senate wrapped up its work for the year, with Democrats punting the Build Back Better and the voting rights bills into 2022. The Senate adjourned early Saturday morning after a voting marathon including confirming 50 of Biden’s nominees. On to cartoons.

The answer is to elect more Democratic Senators:

Let’s see the Senate break at least one tooth on voting rights:

Only the social programs have to pay for themselves:

Omicron surges, is anybody surprised?

Why can Fox News get away with this?

Republican misfits can’t wait for the midterms:

This would be gerrymandering in the real world:

We’ve Gotta Get Off The Couch

The Daily Escape:

San Miguel Peaks, Uncompahgre National Forest, CO – November 2021 photo by Tad Bowman

Wrongo’s column on how we need to rehabilitate our Constitution drew several comments saying that it was a fool’s game to even try to change it, given our political dysfunction.

One reader, David P. asked how we might accomplish such a heavy lift. It is only possible if people get more involved in the political process. That got Wrongo thinking about why so few individuals really actively participate in the political process today. From Ezra Klein:

“Obsessively following the daily political news feels like an act of politics, or at least an act of civics. But what if, for many of us, it’s a replacement for politics — and one that’s actually hurting the country?”

Klein interviewed Eitan Hersh of Tufts University on his podcast. Hersh talked about “political hobbyism”, by which he means following politics as a form of entertainment and/or an expression of self-identity. He differentiates it from the actual work of politics.

Hersh’s research shows that a lot of people who believe they are politically engaged are really only passively following it. He also thinks that their following it passively has played a key role in making our politics worse.

For Hersh, the real work in our politics involves some sort of local engagement and/or organizing. His point is that voting and contributing money have their place, but these are fundamentally low engagement activities, especially if you’re not wealthy enough to impact policy.

According to Hersh, if you contribute money to a candidate because that candidate said something that made you feel good, that’s less real political engagement than it is a kind of consumerism: (emphasis by Wrongo)

“A lot of what’s happening in small-dollar donations….you’re watching a…politician grandstand and make some speech. And because they grandstand in a way that you liked, you react by giving a $5 donation….So, what’s really going on is you have no goals except to reward a politician for saying something that feels great in the moment. I think that makes politics worse rather than better. And you are doing it more for yourself — for your own kind of emotional…ends — rather than to move politics in a direction….”

Saturday Soother – December 4, 2021

The Daily Escape:

Mexican Hat Rock, Mexican Hat UT – 2021 photo by Jacky and Rick

The media keeps talking about inflation, saying that it’s bound to hurt the economy any time now. They mean that inflation will make workers ask for higher wages. That will force companies to pay workers more, and thus, lower corporate profits.

Sounds like a problem, but as Bloomberg reports, the fattest corporate profits since 1950 are debunking inflation stories spun by CEOs. US corporations enjoyed the widest profit margins in more than 70 years during the second and third quarters of 2021. US corporate profits before adjustments rose to a record high of $3.14 trillion in the third quarter of 2021. From Bloomberg:

“On earnings calls, plenty of executives complained about the squeeze from rising costs of labor as well as materials. But overall, profits were up 37% from a year earlier, according to data out last week from the Commerce Department.”

Nearly two thirds of publicly traded US corporations have reported higher profit margins this year compared to 2020. One hundred of the largest have booked profit margins at least 50% higher than last year’s levels.

Bloomberg reports that businesses have been paying more to their employees too, with total compensation up 12% in the last quarter vs. a year earlier. It’s not that every worker got a raise. A significant part of the increase was due to millions of Americans simply returning to work. But many got raises too. To date, hourly earnings broadly kept up with the fast-rising cost of living. And in some low-pay industries like leisure and hospitality they’ve outpaced it, although not by enough for those firms to get fully staffed.

The new data on corporate earnings suggest businesses are comfortably passing on their higher costs. In recent months, a number of US companies including Coca-Cola, Procter & Gamble, Chipotle, and Dollar Tree have announced price hikes, claiming that the increases were necessary because of higher wages and material costs.

But the Bloomberg data say that these corporate kings are using price hikes to pass their sky-high CEO pay and marginal increases in material and labor costs to consumers, in order to keep padding their already historically strong profit margins.

Still, politicians are calling for Fed Chair Jerome Powell’s head. Sen. Tom Cotton (R-AK) wrote in the WSJ that Powell doesn’t deserve another term because he caused inflation. Powell’s policies have contributed to US inflation, but there’s zero evidence that US inflation is a problem today.

For months, corporate executives and right-wing politicians have been parroting the claim that inflation in the US is due to Biden’s social spending policies. But the new data show that inflation is going up largely because corporations are driving it.

Remember, corporate profits are up by 37% while inflation amounted to about 6.2% in the same period. In other words, as the economy reopened and prices for goods went up, and corporations used the situation to raise prices a lot.

In fact, the FTC just announced it voted 4-0 to investigate the relationship between competition and supply chain problems. The FTC sent letters to nine dominant firms in supply, retail, and wholesale, mandating they respond within 45 days to a host of questions, as well as give internal documents on various topics.

This matters. Inflation and shortages aren’t neutral forces. The twin problems seem to be *helping* big business improve their profit margins. It’s important to ask why they are happening and who has an incentive to keep them going.

Even Morgan Stanley is now asking corporations to hit the brakes on accumulating profits. Their research division released a report highlighting the gap between corporate profits and worker wages. From the report:

“Real wages…still have to grow by 7.3% in excess of productivity growth to make up the gap….If this catch-up takes place over the next 5 years, unit profits will fall 33% from current levels…This would move the corporate profit share back to its 1990s average on a pre-tax basis and leave it just marginally above on a post-tax basis.”

Imagine. An investment bank telling corporations that they really should be making less profit. Things must be really going to get much worse than we think.

Let’s launch into our weekend, starting with a Saturday Soother. Try to forget about whether a government shutdown will hurt you or Biden, or whether the Supreme Court is now filled with ideological hacks.

Instead, grab a seat by a window and listen to “The Girl with the Flaxen Hair” by Claude Debussy. The Art Nouveau period was obsessed with women’s hair. Debussy was immersed in that world. It’s played here by the LA-based, Sakura cello quintet. Wrongo is a sucker for cello, and there are five of them! This was originally written for piano, and is transposed here for cello:

Saturday Soother – November 20, 2021

The Daily Escape:

Floyd Lamb Park, Las Vegas NY- November 2021 photo by Marcia Steen

The biggest, baddest news of the week was that Kyle Rittenhouse was found innocent on all charges in the Kenosha murders.

As bad as that is, there’s some good news to start the weekend. First, the House succeeded on Friday in their months-long quest to pass Biden’s social spending bill. It still faces a serious challenge in the Senate before it can become law.

Second, the Organization for Economic Co-operation and Development (OECD) reported that the US is the only G7 country to surpass its pre-pandemic economic growth. Employment is up. Wages are up. Goldman Sachs predicts by the end of next year the US unemployment rate will drop to a 50-year low, thanks to continuing red-hot demand for workers. Retail sales surged 1.7% in the month of October. American consumers spent $638 billion in October, a 16% increase from last year.

Meanwhile, slowly but surely, the supply chain bottlenecks that have plagued our economy for over a year appear to be easing. Imports through the ports of Los Angeles and Long Beach are up 16% from 2018, and in the first two weeks of November, those two ports cleared about a third of the containers sitting on their docks.

The Baltic Dry Index (BDI), a measure of global shipping rates and an inflation indicator, has plummeted 50% since peaking Oct. 7, another good sign for consumers. And the global chip shortage that was crippling the auto industry? GM said that the week of Nov. 1 was the first time since February that none of its North American assembly plants were offline due to a lack of chips.

All of this good news is going to waste because of the media’s hot takes on how bad Biden is doing. From Eric Boehlert:

“For weeks this fall, the Beltway press joined forces with the GOP to tell a hysterical tale about the state of the US economy. It was an alternate version of reality, where the stagnant, faltering economy was being driven to the precipice by runaway inflation, which stood poised to demolish middle-class savings across the board. All while an ineffective president stood by and watched cash-strapped households suffer.”

Boehlert says that recent press coverage suggests the economy is an albatross around Biden’s political neck, while in reality, it’s booming.

Biden got elected to bring a return to normalcy. Since there’s no normalcy in sight, his poll numbers (along with Democrats generally) have plummeted. David Brooks in the NYT addresses Joe Biden’s efforts at meeting the needs of people in “left behind” places of the country that did not vote for him: (parenthesis by Wrongo)

“If (noted economist) Larry Summers thinks lifting wages at the bottom will cause inflation…so be it. The trade-off is worth it to prevent a national rupture.”

Democrats have to get beyond the victory laps when they pass a bill, and let America know what the bills are for. Propaganda is a tool that shouldn’t be used to yammer on about defunding the police. Here’s Wrongo’s list of what Dems should say they’re for:

The Bill of Rights
One person, one vote
A world-class ideology-free education for all American kids
Jobs for more Americans
Universal health insurance
No more foreign interventions
More police funding and more police accountability
Reduce carbon emissions
Zero potholes

That last one is facetious, but it’s political gold in Wrongo’s town, and is funded in the recent infrastructure bill.

The Democrats’ gamble is whether their efforts and their successes will be rewarded politically less than a year from now, in November 2022. Remember that despite what the pundits say, passing the items on Biden’s platform shouldn’t be primarily to woo swing voters. They’re to shore up enthusiasm among your base, something that Dems didn’t have in the recent elections in Virginia and New Jersey.

Right now, things look grim. If you let your mind wander to what might happen if there’s a Republican House and Senate in January 2023, you should be happy not sad, that the Dems aren’t repealing the filibuster.

Let’s take a break and try for some normalcy in our weekend. Wrongo recommends that you start by not watching the Sunday pundit shows. Here on the fields of Wrong, we’re still engaging in our fall clean-up, trying to take advantage of the few warmer days to work outside. Also, there’s some menu planning for Thanksgiving underway.

So, settle into your Saturday Soother, where we leave the chaos behind for a few moments. Let’s start by grabbing a chair near a large window, and listening to the Prague Cello Quartet play an atmospheric version of the theme from “The Phantom of the Opera”:

The Wrongologist

Geopolitics, Power and Political Economy

Category: Politics

Saturday Soother – January 15, 2022

Why Isn’t Good Economic News Covered?