Millions more in poverty as elites continue to fail

Recession/Depression

It’s worth noting for the record that negotiations for economic relief for the recession or depression caused by the pandemic lockdowns are still stuck,[1] with little prospect for a breakthrough:[2]

source on threadreaderapp.com
Archived at 2020-10-15 07:31:24

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13 Oct, 2 tweets, 1 min read

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A reminder that no stimulus deal at all means:

– Tens of thousands of airline workers get laid off

– No federal supplement unemployment benefits for +20 million ppl

– Severe cuts/layoffs for restaurant, hotel workers

– Checks 2.0 don’t go out to millions facing pay cuts

Pelosi insisted today to Wolf Blitzer that a deal would get done, but my sources and the sources of most reporters tracking talks are very bearish on anything happening before Nov. 3. What is Dems’ leverage after the election?[3]

Millions of people are now in poverty[4] because elites really don’t have a stake in keeping them out of poverty.[5]

Jeff Stein, [Twitter thread], Thread Reader App, October 13, 2020, https://threadreaderapp.com/thread/1316133318027608064.html

Jason DeParle, “8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up,” New York Times, October 15, 2020, https://www.nytimes.com/2020/10/15/us/politics/federal-aid-poverty-levels.html


  1. [1]Jason DeParle, “8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up,” New York Times, October 15, 2020, https://www.nytimes.com/2020/10/15/us/politics/federal-aid-poverty-levels.html
  2. [2]Jeff Stein, [Twitter thread], Thread Reader App, October 13, 2020, https://threadreaderapp.com/thread/1316133318027608064.html
  3. [3]Jeff Stein, [Twitter thread], Thread Reader App, October 13, 2020, https://threadreaderapp.com/thread/1316133318027608064.html
  4. [4]Jason DeParle, “8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up,” New York Times, October 15, 2020, https://www.nytimes.com/2020/10/15/us/politics/federal-aid-poverty-levels.html
  5. [5]David Benfell, “The mysterious expectation that elites give a damn,” Not Housebroken, October 7, 2020, https://disunitedstates.org/2020/08/01/the-mysterious-expectation-that-elites-give-a-damn/

The U.S. burns while the rich and powerful fiddle

Social inequality

Billionaires have been profiting exorbitantly from the ups and downs of the stock market as it reacted to news of the pandemic:[1]

Luke Hilyard, executive director of the High Pay Centre, a thinktank that focuses on excessive pay, said the “extreme wealth concentration is an ugly phenomenon from a moral perspective, but it’s also economically and socially destructive”.

“Billionaire wealth equates to a fortune almost impossible to spend over multiple lifetimes of absolute luxury,” Hilyard said. “Anyone accumulating riches on this scale could easily afford to raise the pay of the employees who generate their wealth, or contribute a great deal more in taxes to support vital public services, while remaining very well rewarded for whatever successes they’ve achieved.”[2]

Meanwhile, U.S. politicians still won’t (don’t say “can’t”) agree on an economic relief package even as people are losing their jobs,[3] losing their health insurance (but forget about Medicare For All, even in a pandemic),[4] and being evicted.[5] ’Cause, you know, none of that really matters.[6]

Rupert Neate, “Billionaires’ wealth rises to $10.2 trillion amid Covid crisis,” Guardian, October 7, 2020, https://www.theguardian.com/business/2020/oct/07/covid-19-crisis-boosts-the-fortunes-of-worlds-billionaires

Jonathan Roeder, Jordyn Holman, and Mary Schlangenstein, “‘People are suffering’: Corporate America lashes Trump after stimulus call,” Sydney Morning Herald, October 7, 2020, https://www.smh.com.au/business/the-economy/people-are-suffering-corporate-america-lashes-trump-after-stimulus-call-20201007-p562rj.html


Academia

Colleen Shalby, “California colleges tried to prepare for COVID-19 outbreaks. It didn’t work,” Los Angeles Times, October 7, 2020, https://www.latimes.com/california/story/2020-10-07/as-californias-universities-reopen-off-campus-activity-contributes-to-spike-in-covid-19-cases


  1. [1]Rupert Neate, “Billionaires’ wealth rises to $10.2 trillion amid Covid crisis,” Guardian, October 7, 2020, https://www.theguardian.com/business/2020/oct/07/covid-19-crisis-boosts-the-fortunes-of-worlds-billionaires
  2. [2]Rupert Neate, “Billionaires’ wealth rises to $10.2 trillion amid Covid crisis,” Guardian, October 7, 2020, https://www.theguardian.com/business/2020/oct/07/covid-19-crisis-boosts-the-fortunes-of-worlds-billionaires
  3. [3]Jonathan Roeder, Jordyn Holman, and Mary Schlangenstein, “‘People are suffering’: Corporate America lashes Trump after stimulus call,” Sydney Morning Herald, October 7, 2020, https://www.smh.com.au/business/the-economy/people-are-suffering-corporate-america-lashes-trump-after-stimulus-call-20201007-p562rj.html
  4. [4]Sara R. Collins and David Blumenthal, “Without universal healthcare, coronavirus puts us all at risk,” Los Angeles Times, March 5, 2020, https://www.latimes.com/opinion/story/2020-03-05/op-ed-time-to-ramp-up-medicaid-to-pay-for-universal-coronavirus-care; Amy Goldstein, “Worries about medical bills and lost pay may hamper coronavirus efforts in the United States,” Washington Post, March 2, 2020, https://www.washingtonpost.com/health/worries-about-medical-bills-and-lost-pay-may-hamper-coronavirus-efforts-in-the-united-states/2020/03/02/75825be0-5c9c-11ea-9055-5fa12981bbbf_story.html; Amy Goldstein, “First, the coronavirus pandemic took their jobs. Then, it wiped out their health insurance,” Washington Post, April 18, 2020, https://www.washingtonpost.com/health/first-the-coronavirus-pandemic-took-their-jobs-then-it-wiped-out-their-health-insurance/2020/04/18/1c2cb5bc-7d7c-11ea-8013-1b6da0e4a2b7_story.html; James Hamblin, “What Will You Do If You Start Coughing?” Atlantic, March 11, 2020, https://www.theatlantic.com/health/archive/2020/03/where-do-you-go-if-you-get-coronavirus/607759/; Eric Levitz, “In the Age of the Coronavirus, Biden’s ‘Results’ Require Bernie’s ‘Revolution,’” New York, March 16, 2020, https://nymag.com/intelligencer/2020/03/who-won-the-democratic-debate-between-biden-and-bernie-coronavirus.html
  5. [5]Associated Press, “Tenants Behind on Rent in Pandemic Face Harassment, Eviction,” U.S. News and World Report, June 14, 2020, https://www.usnews.com/news/best-states/virginia/articles/2020-06-13/tenants-behind-on-rent-in-pandemic-face-harassment-eviction; Regina Garcia Cano and Michael Casey, “Wave of evictions expected as moratoriums end in many states,” Associated Press, August 4, 2020, copy in possession of author; Stephen Caruso, “Gov. Wolf says his executive authority has run out on extending eviction moratorium, perplexing some experts,” Pittsburgh City Paper, August 28, 2020, https://www.pghcitypaper.com/pittsburgh/gov-wolf-says-his-executive-authority-has-run-out-on-extending-eviction-moratorium-perplexing-some-experts/Content?oid=17896117; Benjamin Fearnow, “Biden, Sanders demand 3-month freeze on rent payments, eviction of tenants across U.S.,” Newsweek, March 28, 2020, https://www.newsweek.com/biden-sanders-demand-3-month-freeze-rent-payments-eviction-tenants-across-us-1494839; John Fritze and Nicholas Wu, “Trump administration announces nationwide eviction moratorium through end of the year,” USA Today, September 1, 2020, https://www.usatoday.com/story/news/politics/2020/09/01/trump-imposes-eviction-moratorium-because-covid-19-pandemic/5686402002/; Kriston Capps, “What Happens When the Eviction Bans End?” CityLab, May 29, 2020, https://www.citylab.com/equity/2020/05/pay-rent-eviction-ban-coronavirus-housing-crisis-landlord/612277/; Elizabeth Hardison, “Pa.’s moratorium on evictions has ended. Here’s what that means,” Pennsylvania Capital-Star, September 1, 2020, https://www.penncapital-star.com/working-the-economy/pa-s-moratorium-on-evictions-has-ended-heres-what-that-means/; Sam Levin, “California landlords are locking out struggling tenants. A ‘tsunami of evictions’ may be next,” Guardian, July 30, 2020, https://www.theguardian.com/us-news/2020/jul/30/california-covid-19-evictions-landlords-tenants; Eric Levitz, “This Recession Is a Bigger Housing Crisis Than 2008,” New York, July 13, 2020, https://nymag.com/intelligencer/2020/07/coronavirus-recession-evictions-crisis-congress.html; Renae Merle, “Evictions are likely to skyrocket this summer as jobs remain scarce. Black renters will be hard hit,” Washington Post, July 6, 2020, https://www.washingtonpost.com/business/2020/07/06/eviction-moratoriums-starwood/; John L. Micek, “Pa. is facing a wave of evictions. Two state House lawmakers have a plan to help,” Pennsylvania Capital-Star, June 16, 2020, https://www.penncapital-star.com/commentary/pa-is-facing-a-wave-of-evictions-two-state-house-lawmakers-have-a-plan-to-help-tuesday-morning-coffee/; Emma Ockerman, “The Tenant Uprising Is Here, and It’s Fierce,” Vice, August 7, 2020, https://www.vice.com/en_us/article/7kpdyq/the-tenant-uprising-is-here-and-its-fierce; Ashwin Rodrigues, “Gig Economy Company Launches Uber, But for Evicting People,” Vice, September 21, 2020, https://www.vice.com/en_us/article/ep435n/gig-economy-company-launches-uber-but-for-evicting-people; Jenny Schuetz, “America’s inequitable housing system is completely unprepared for coronavirus,” Brookings, March 12, 2020, https://www.brookings.edu/blog/the-avenue/2020/03/12/americas-inequitable-housing-system-is-completely-unprepared-for-coronavirus/; Renatta Signorini, “As time ticks down on eviction ban in Pennsylvania, crush of court cases expected,” Pittsburgh Tribune-Review, July 8, 2020, https://triblive.com/local/westmoreland/as-time-ticks-down-on-eviction-ban-in-pennsylvania-crush-of-court-cases-expected/
  6. [6]David Benfell, “The mysterious expectation that elites give a damn,” Not Housebroken, September 26, 2020, https://disunitedstates.org/2020/08/01/the-mysterious-expectation-that-elites-give-a-damn/

And here I’ve been, waiting for word on Trump’s alleged participation in ‘golden showers’ with Russian prostitutes

Donald Trump

Despite this, Donald Trump, whom authoritarian populists insist is such a great businessman,[1] is going broke again. He is personally responsible for some $421 million in debt, “most of it coming due within four years,” and faces the possibility of having to return a tax refund to the Internal Revenue Service, which could cost him $100 million. The report does not say to whom he owes the former,[2] but some will surely suspect the Russians.[3]

Ah, gee. And here I’ve been, waiting for word on Trump’s alleged participation in “golden showers” with Russian prostitutes.[4] Make of that what you will. I sure as hell don’t know, but I can’t even wrap my head around my own finances.

So I was wondering what the National Review would have to say about the New York Times story on Trump’s taxes. Well, um, it seems they’re all about the “golden showers,” too, or more precisely the “Russian investigation” into Trump, which Republicans insist was unjustified and possibly illegal.[5] Make of that what you will, too.

Brittany Bernstein, “Lindsey Graham Hints There is ‘More Damning’ Information about the Russia Investigation to be Released,” National Review, September 28, 2020, https://www.nationalreview.com/news/lindsey-graham-hints-there-is-more-damning-information-about-the-russia-investigation-to-be-released/

Russ Buettner, Susanne Craig, and Mike McIntire, “Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance,” New York Times, September 27, 2020, https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html


Fire

Napa Valley in California is on fire and the fire spread west through mountainous terrain north of the Valley of the Moon, also wine country, in Sonoma County toward Santa Rosa, where evacuation orders are taking effect (figure 1) in areas that previously burned in 2017 with the Tubbs Fire. I keep saying it: In California, if it hasn’t burned, it will. And is.

Fig. 1. Screenshot taken by author of the Sonoma County Fire Incident Map, September 28, 2020, at 9:44 am EDT (6:44 am PDT).


  1. [1]Bess Levin, “G.O.P. Voters Think Losing $1 Billion Makes Someone (Trump) a Good Businessman,” Vanity Fair, May 15, 2019, https://www.vanityfair.com/news/2019/05/republicans-still-think-trump-was-a-successful-businessman
  2. [2]Russ Buettner, Susanne Craig, and Mike McIntire, “Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance,” New York Times, September 27, 2020, https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
  3. [3]Craig Unger, “Trump’s Russian Laundromat,” New Republic, July 13, 2017, https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate
  4. [4]Jeff Stein, “Trump, Russian Spies and the Infamous ‘Golden Shower Memos,’” Newsweek, January 10, 2017, http://www.newsweek.com/trump-russian-spies-infamous-golden-shower-memos-541315
  5. [5]Brittany Bernstein, “Lindsey Graham Hints There is ‘More Damning’ Information about the Russia Investigation to be Released,” National Review, September 28, 2020, https://www.nationalreview.com/news/lindsey-graham-hints-there-is-more-damning-information-about-the-russia-investigation-to-be-released/

The arrogance of the rich

Congress

There is a new blog post entitled, “Ice cream and hair appointments.”

Tal Kopan and Rachel Swan, “Nancy Pelosi calls salon visit a ‘setup,’ refuses to apologize,” San Francisco Chronicle, September 2, 2020, https://www.sfchronicle.com/politics/article/Speaker-Pelosi-calls-salon-visit-a-set-up-15538247.php

Marianne Levine, “Schumer rips ’emaciated’ Republican coronavirus relief plan,” Politico, September 3, 2020, https://www.politico.com/news/2020/09/03/coronavirus-relief-plan-chuck-schumer-407974


2021 to start off with a bang as Donald Trump’s eviction moratorium comes to an end?

Eviction

I’m still not quite sure what to make of it, but it appears Donald Trump has signed an executive order forestalling evictions for people making less than $99,000 per year and having trouble making their rent through the end of the year.[1]

That should keep many of his Trumpsters off the street through the election, long enough perhaps for Trump to get reelected, and through Christmas. So we might have a reprieve, only temporary, but a reprieve from the violence I worried about yesterday.[2] 2021, however, will be a new year.

John Fritze and Nicholas Wu, “Trump administration announces nationwide eviction moratorium through end of the year,” USA Today, September 1, 2020, https://www.usatoday.com/story/news/politics/2020/09/01/trump-imposes-eviction-moratorium-because-covid-19-pandemic/5686402002/


  1. [1]John Fritze and Nicholas Wu, “Trump administration announces nationwide eviction moratorium through end of the year,” USA Today, September 1, 2020, https://www.usatoday.com/story/news/politics/2020/09/01/trump-imposes-eviction-moratorium-because-covid-19-pandemic/5686402002/
  2. [2]David Benfell, “Eviction and race war,” Not Housebroken, September 1, 2020, https://disunitedstates.org/2020/09/01/eviction-and-race-war/

Evictions to resume in Pennsylvania

Pennsylvania

I think I see what Pennsylvania Governor Tom Wolf is doing. He wants an incredibly repugnant state legislature to do its fucking job. One problem is he’s using very vulnerable people, people about to pushed into homelessness because of pandemic-related unemployment, to push his point.[1] Even by the lax standards of political ethics, this is cynical to say the least.

The other problem is that this legislature really is horrible—perhaps to an even greater degree than with Congress, Republicans here, who control both houses, are absolutely in thrall to Donald Trump—and has been specifically horrible on the topic of the pandemic.[2] Even as urgent as this issue is, counting on the legislature to “come to its senses”[3] is folly.

Stephen Caruso, “Gov. Wolf says his executive authority has run out on extending eviction moratorium, perplexing some experts,” Pittsburgh City Paper, August 28, 2020, https://www.pghcitypaper.com/pittsburgh/gov-wolf-says-his-executive-authority-has-run-out-on-extending-eviction-moratorium-perplexing-some-experts/Content?oid=17896117


  1. [1]Stephen Caruso, “Gov. Wolf says his executive authority has run out on extending eviction moratorium, perplexing some experts,” Pittsburgh City Paper, August 28, 2020, https://www.pghcitypaper.com/pittsburgh/gov-wolf-says-his-executive-authority-has-run-out-on-extending-eviction-moratorium-perplexing-some-experts/Content?oid=17896117
  2. [2]Associated Press, “Pennsylvania GOP seeks to dismantle Wolf’s shutdown,” Pittsburgh Tribune-Review, June 9, 2020, https://triblive.com/news/pennsylvania/pennsylvania-gop-seeks-to-dismantle-wolfs-shutdown/; Associated Press, “Pennsylvania Republicans Mount New Challenge To Gov. Tom Wolf’s Pandemic Power,” KDKA, July 14, 2020, https://pittsburgh.cbslocal.com/2020/07/14/republicans-mount-new-challenge-to-governors-pandemic-power/; Stephen Caruso, “Pa. Lawmaker: It’s not government’s responsibility to ‘try to keep us safe,’” Pennsylvania Capital-Star, August 12, 2020, https://www.penncapital-star.com/covid-19/pa-lawmaker-its-not-governments-responsibility-to-try-to-keep-us-safe/; Megan Guza, “Gov. Wolf, GOP critic spar over social media post parroting health secretary’s LGBQT comments,” Pittsburgh Tribune-Review, July 30, 2020, https://triblive.com/news/pennsylvania/gov-wolf-gop-critic-spar-over-social-media-post-parroting-health-secretarys-lgbqt-comments/; Elizabeth Hardison and Stephen Caruso, “Pa. Supreme Court throws out GOP challenge to Wolf’s COVID-19 emergency order,” Pennsylvania Capital-Star, July 1, 2020, https://www.penncapital-star.com/covid-19/pa-supreme-court-throws-out-gop-challenge-to-wolfs-covid-19-emergency-order/; Nick Matoney, “‘We can’t do this for another 90 days’: Pa. General Assembly votes to end COVID-19 emergency declaration,” WTAE, June 10, 2020, https://www.wtae.com/article/we-cant-do-this-for-another-90-days-pa-general-assembly-votes-to-end-covid-19-emergency-declaration/32821325; John L. Micek, “W. Pa. Rep. Metcalfe files impeachment articles to ‘remove dictator Wolf’ over pandemic response,” Pennsylvania Capital-Star, June 16, 2020, https://www.penncapital-star.com/blog/w-pa-rep-metcalfe-files-impeachment-articles-to-remove-dictator-wolf-over-pandemic-response/
  3. [3]Moira Donegan, “What does Biden have in common with Trump? Delusional nostalgia,” Guardian, June 21, 2019, https://www.theguardian.com/commentisfree/2019/jun/21/joe-biden-trump-sexism-delusional-nostalgia; Matt Ford, “Someone Please Tell Joe Biden That Bipartisanship Is Dead,” New Republic, June 12, 2019, https://newrepublic.com/article/154183/someone-please-tell-joe-biden-bipartisanship-dead; Paul Waldman, “Joe Biden still hasn’t learned the lessons of the Obama presidency,” Washington Post, December 6, 2019, https://www.washingtonpost.com/opinions/2019/12/06/joe-biden-still-hasnt-learned-lessons-obama-presidency/

Donald Trump’s nothing-burger

Recession

Donald Trump’s executive actions, issued in the wake of failed negotiations with Congress, do not amount to another relief package:[1]

“The President cannot create new money with an executive order. These [executive orders] simply show the limitations of the President’s legal authority,” said Jack Smalligan, a former official at the Office of Management and Budget and now a senior policy fellow at the Urban Institute, a centrist think tank.[2]

Jeff Stein, Erica Werner, and Renae Merle, “Trump attempts to wrest tax and spending powers from Congress with new executive actions,” Washington Post, August 8, 2020, https://www.washingtonpost.com/business/2020/08/08/trump-executive-order-coronavirus/


  1. [1]Jeff Stein, Erica Werner, and Renae Merle, “Trump attempts to wrest tax and spending powers from Congress with new executive actions,” Washington Post, August 8, 2020, https://www.washingtonpost.com/business/2020/08/08/trump-executive-order-coronavirus/
  2. [2]Jeff Stein, Erica Werner, and Renae Merle, “Trump attempts to wrest tax and spending powers from Congress with new executive actions,” Washington Post, August 8, 2020, https://www.washingtonpost.com/business/2020/08/08/trump-executive-order-coronavirus/

Oh, no! It’s a huge drop in capitalist exploitation of workers and the environment!

Gig economy

Stephen Caruso, “How a Supreme Court ruling on an Uber driver could remake Pennsylvania’s gig economy,” Pennsylvania Capital-Star, July 29, 2020, https://www.penncapital-star.com/working-the-economy/how-a-supreme-court-ruling-on-an-uber-driver-could-remake-pennsylvanias-gig-economy/


Recession

There is a new blog post entitled, “We need to do everything different.”

Sam Levin, “California landlords are locking out struggling tenants. A ‘tsunami of evictions’ may be next,” Guardian, July 30, 2020, https://www.theguardian.com/us-news/2020/jul/30/california-covid-19-evictions-landlords-tenants

Rachel Siegel and Andrew Van Dam, “U.S. economy contracted at fastest quarterly rate on record from April to June as coronavirus walloped workers, businesses,” Washington Post, July 30, 2020, https://www.washingtonpost.com/business/2020/07/30/gdp-q2-coronavirus/


Horse race

Kevin Liptak and Betsy Klein, “Trump floats delaying election despite lack of authority to do so,” CNN, July 30, 2020, https://www.cnn.com/2020/07/30/politics/trump-delay-election-no-authority/index.html


Pandemic

Steven Adams, “Allegheny County sets record for new coronavirus hospitalizations; sees triple-digit cases for 8th straight day,” Pittsburgh Tribune-Review, July 30, 2020, https://triblive.com/local/pittsburgh-allegheny/allegheny-county-sees-triple-digit-coronavirus-growth-for-8th-straight-day-record-hospitalizations/