These are scary times in America, with one of our major parties careening into authoritarianism and the other having difficulty moving forward thanks to two uncooperative senators. Most of what I write, inevitably, focuses on the troubled prospects for our republic. But everyone needs a break. So today I want to talk about a happier topic: The risks of an economic crisis in China.
OK, not exactly happier.
That said, the Biden agenda doesn’t need the revenue from a higher corporate tax rate.
The budget resolution that will make it possible to move forward on that agenda if Sinema and Senator Joe Manchin can be brought on board doesn’t require that all investments in the future be fully paid for. In fact, it allows for up to $1.Read More
Confession: I used to be a Republican. I briefly became one years ago while living amongst the ultrawoke on Manhattan’s Upper West Side. Their authoritarian diktats drove me crazy. And their narrow definition of economic interests as the rich versus the poor — with the middle class almost invisible — underscored their political naivete.
But another reason I became a Republican was that the party included exemplary leaders like Colin Powell, John McCain and George H.W. Bush. These men, true patriots, rejected the cheap moralizing of the increasingly strident right.Read More