Monthly Archives: May 2021

Efficacy

Trickle-down economics has never worked.

President Biden, 4-28-2021

NO SIFT NEXT WEEK. The next new posts will appear on May 17.

This week’s featured post is “The Reagan Era is Finally Over“.

This week everybody was talking about Biden’s speech

https://theweek.com/cartoons/980339/political-cartoon-biden-address

Before getting into the details of either Biden’s televised speech to Congress [video, transcript] or Senator Tim Scott’s Republican response [video, transcript], I want to make one view-from-orbit observation: When Democratic leaders are given a microphone, they talk about the American people, the challenges we face, and what can be done to make things come out right. When Republicans leaders are given a microphone, they list their grievances against Democrats.

Biden’s speech was about fixing things and setting the country up for future prosperity. It was hopeful and encouraging. He kept saying things like “We can do this.”

Scott started out by saying that President Biden “seems like a good man … but”. God forbid Republicans should give a Democratic president the benefit of the doubt about being a good man. “I won’t waste your time tonight with finger-pointing or partisan bickering,” Scott said, and then did essentially nothing else.

More high-level impressions of Biden’s speech are in the featured post.


I won’t do a full bulleted list of what’s in Biden’s American Families Plan and American Jobs Plan, because CBS News already has that. Basically, the Families Plan is about child care, education, paid time off, and money for parents. The Jobs Plan is about traditional infrastructure like roads, bridges, and public transportation, plus broadband, adjusting to climate change, transitioning to electric vehicles, and capital spending on schools. It also includes “workforce development” (which I think we used to call “job training”), money for taking care of the elderly in their homes rather than institutionalizing them, R&D, and a few other things.

The NYT puts both plans in one chart.


What I found most striking in Scott’s speech was the amount of conservative Christian identity politics in it. He talked about prayer, original sin, grace, and closed with a Christian blessing.


The most quoted line of Scott’s response is “America is not a racist country.” I have to agree with Matt Yglesias:

“Is America a Racist Country?” is the perfect meaningless culture war debate because it has basically no content at all. What is it asking? Compared to what?

Scott clearly wasn’t claiming America has no racism, because he also said “I have experienced the pain of discrimination.” He even allowed that American racism is not entirely in the past: “I know our healing is not finished.” So the argument he started is basically semantic: How much racism does it take to count as a “racist country”? Today’s US is not as racist as the Confederacy or Nazi Germany or the old apartheid regime in South Africa. Is that good enough? How many angels of color have to be included before we consider a pinhead dance to be integrated?

Remember: Meaningless debates serve the interests of people who have nothing to say. If you have a real vision of the future you want, avoid getting baited into arguing about nothing.

https://claytoonz.com/2021/04/30/racist-country/

BTW: By talking about what America is or isn’t, Scott is invoking a popular trope of conservative rhetoric; he’s talking about essence rather than behavior or results. Similarly: an argument about whether certain drawings in a few Dr. Seuss books reinforce racial stereotypes — they do — becomes “Was Dr. Seuss a racist?”

The next step in that dance is to argue that we can’t know someone else’s essence, so it’s unfair to claim that so-and-so is a racist (which probably nobody did).

I saw this happen in my social media feed this week. Someone objected to Biden claiming that all police are racists. When I asked when he did that — he didn’t — she responded with a quote where Biden mentioned “systemic racism in law enforcement”, which is not at all the same thing. Systemic racism is about the results of our law enforcement system. “All police are racists” is a statement about the essence of a large number of individuals.


Another point of debate between the parties is the effect of Republican voter-suppression laws. It’s possible to cherry-pick comparisons between states, as Scott did when he claimed: “It will be easier to vote early in Georgia than in Democrat-run New York.”

But it’s important to keep your eyes on the bottom line: Where do people end up waiting in line for hours to vote? And the answer is: In Black neighborhoods, especially in states with Republican legislatures. Georgia was already particularly bad before the recent law, and now it will be worse.

Unlike voter fraud and ballot fraud, people waiting hours to vote actually happens already. It’s not a conspiracy theory or a what-if fantasy. It should deeply embarrass all Americans, and legislatures should be full of proposals to process more voters faster, especially in urban Black neighborhoods.

I live in a majority-white Boston suburb, and it takes me about five minutes to vote. Why can’t that happen in inner-city Atlanta?


Every time I checked Fox News on Thursday, they were talking how badly liberals were treating Tim Scott. WaPo columnist Kathleen Parker wrote:

The only Black Republican in the Senate, Scott was quickly trending as “Uncle Tim” on Twitter, as a tool of white supremacists and as a blind servant of the far right. Liberals just cannot handle a Black conservative.

This, my friends, is (also) what racism looks like in America today.

The New York Post devoted a whole article to the “Uncle Tim” insult, but could only attribute it to otherwise undistinguished Twitter users.

OK, white people should not lob racialized insults at non-white politicians of any philosophy. (Though Scott did indeed act as the mouthpiece of a party that panders to white supremacists; that’s not an insult, it’s just factual.) But Twitter was being mean? How is that news? Have you seen what conservatives tweet about AOC?

If Democratic politicians or opinion leaders are talking about “Uncle Tim”, that’s worth calling out. But I haven’t seen that. Vice President Harris responded to Scott by agreeing that American is not a racist country, but adding

We also do have to speak the truth about the history of racism in our country and its existence today. … One of the greatest threats to our national security is domestic terrorism manifested by white supremacists. And so these are issues that we must confront, and it does not help to heal our country, to unify us as a people, to ignore the realities of that.”

You can also find other sharp-but-not-racist disagreements with Scott from WaPo columnist Eugene Robinson, radio host Clay Cane, and many other liberals. Perhaps an actual discussion could be had. But Fox News does not want that.

Instead, Fox and its allies stoke conservative outrage by pointing out that there are obnoxious people on the internet, some of whom profess to be liberals. Who knew?

and the Giuliani raid

Much as I enjoy speculating about Rudy getting arrested and then flipping on Trump, it’s important not to get ahead of the facts. Here’s what we know:

FBI agents with a search warrant executed a crack-of-dawn raid on Rudy Giuliani’s apartment and office Wednesday. Giuliani ally Victoria Toensing was also raided. The agents took phones and other electronic devices.

The Justice Department isn’t commenting, but unofficially told AP the investigation “at least partly involves Giuliani’s dealings in Ukraine”. Giuliani’s attorney said the warrant mentioned “possible violation of foreign lobbying laws and that it sought communications between Giuliani and people including a former columnist for The Hill, John Solomon”. Reuters claims to have seen the warrant and lists a dozen people, all of whom have some Ukraine connection.

Toensing has also represented Dmitry Firtash, Putin’s favorite Ukrainian oligarch, who is already under indictment in the US. Solomon wrote a series of articles publicizing accusations about the Bidens and corruption in Ukraine. US intelligence has attributed these accusations to a Russian disinformation campaign intended to help reelect Trump. This is not some theory that the intel people have cooked up recently to please their new masters. Back in October the NYT reported:

The intelligence agencies warned the White House late last year [i.e. 2019] that Russian intelligence officers were using President Trump’s personal lawyer Rudolph W. Giuliani as a conduit for disinformation aimed at undermining Joseph R. Biden Jr.’s presidential run, according to four current and former American officials.

One question seems to be: To what extent was Giuliani knowingly working for Russia or its Ukrainian allies like Firtash?

It’s also important to understand exactly how this process works:

A search warrant must be based upon probable cause and the applicant must present a sworn affidavit to a neutral and detached magistrate or judge. Within this affidavit, there must be facts sufficient to persuade that judge that a crime was committed and that searching in the locations specified within the search warrant will reveal evidence of the crime, or crimes. The locations to be searched must be described with particularity, as well as the items that will be seized from those locations.

In the case of someone like Giuliani, there would have been the requirement that those search warrants be approved by someone at the highest levels of the Department of Justice, as well as the requirement of exhaustion of other less-intrusive investigative means. Giuliani is an attorney, and an attorney’s communications with clients are usually deemed to be confidential and protected by the attorney-client privilege.

We shouldn’t jump to the conclusion that Giuliani is guilty of something, that the government already had enough evidence to indict Giuliani, or that they necessarily found the evidence they were looking for. But they clearly have more than just a desire to harass a Trump ally.

Giuliani’s lawyer called the raid “another disturbing example of complete disregard for the attorney-client privilege”, but it’s not clear that’s true. Typical practice for searching a lawyer’s office, which we saw when former Trump attorney Michael Cohen’s office was searched, is for a “clean team” to conduct the actual search, forwarding to the investigating agents only the items not privileged.

CNN:

Giuliani’s son Andrew briefly stepped outside of his father’s Manhattan apartment on Wednesday afternoon to denounce the Department of Justice, saying that if this can happen to “the former president’s lawyer, this could happen to any American.”

Once you put the situation in context, the younger Giuliani’s statement is exactly right: If federal investigators can convince a judge that a crime has probably been committed and that evidence of that crime is probably in your home or office, they can get a warrant to search for that evidence, even if you’re buddies with a former president. It could happen to any American, but you’re most at risk if you’ve committed crimes.

Giuliani’s people are complaining about “politicization” of the Justice Department, but all the indications are that the political influence has been working in the other direction: Prosecutors have been investigating Giuliani since 2019, but his relationship with Trump protected him. Now that Trump is out of office, the investigation can continue the way it would against any suspected criminal.

and the virus

Good news and bad news this week. The good news is that the US definitely seems to have turned the corner on new cases. The daily average is down to about 50K. Deaths also continue their slow decline. We’re down to less than 700 per day.

The bad news is in this morning’s New York Times:

more than half of adults in the United States have been inoculated with at least one dose of a vaccine. But daily vaccination rates are slipping, and there is widespread consensus among scientists and public health experts that the herd immunity threshold is not attainable — at least not in the foreseeable future, and perhaps not ever.

Instead, they are coming to the conclusion that rather than making a long-promised exit, the virus will most likely become a manageable threat that will continue to circulate in the United States for years to come, still causing hospitalizations and deaths but in much smaller numbers.

The second piece of bad news is the international picture. New cases in India continue to skyrocket, and the numbers in several South American countries are near record highs. Adding it all up, the virus worldwide is spreading faster now than it ever has.

The more Covid-19 there is in the world, the more mutations we’ll see. Eventually, some variant could beat our vaccines.


The Atlantic’s Derek Thompson listens to people not planning to be vaccinated, and isn’t optimistic about convincing them. But this is his best suggestion:

Instead of shaming and hectoring, our focus should be on broadening their circle of care: Your cells might be good enough to protect you; but the shots are better to protect grandpa.

and you also might be interested in …

Last week I wrote about Republicans in Florida and several other states trying to criminalize protest, pointing out once again that the GOP’s commitment to “liberty” and “the Constitution” is bogus.

This week Florida went further, passing a law that forces social media companies to participate in disinformation campaigns, even if they predictably lead to violence.

The Florida bill would prohibit social media companies from knowingly “deplatforming” political candidates, meaning a service could not “permanently delete or ban” a candidate. Suspensions of up to 14 days would still be allowed, and a service could remove individual posts that violate its terms of service. 

The state’s elections commission would be empowered to fine a social media company $250,000 a day for statewide candidates and $25,000 a day for other candidates if a company’s actions are found to violate the law

I can imagine a proposal to split up social media companies, or perhaps to turn their networks into some kind of public/private entity like the post office. But as long as they are private corporations whose users, advertisers, and employees come to them by choice, they’ve got a right to manage their own affairs and set their own policies.

It’s hard to come up with any rationale that justifies this law and also upholds previous conservative causes, like allowing a baker to refuse to bake a cake for a same-sex wedding reception, or letting Hobby Lobby object to providing birth control for its employees. If Twitter decides it no longer wants to be associated with Trump’s domestic terrorism, how is that illegitimate?

One possible but scary rationale is contained in a Zero Hedge article a friend sent me. The author was discussing a scenario where companies require their employees and/or customers to be vaccinated (which would be terrible for some reason that escapes me).

These companies do not represent private business or free markets anymore. Instead, they are appendages of establishment power that receive billions in taxpayer dollars to finance their operations. They should no longer be treated as if they have the same rights as normal businesses.

That is one way the libertarian-to-fascist pipeline might work. Businesses have rights until they do something the fascists don’t like, at which point they become “appendages of establishment power” and their rights go away.


Weird development in the Matt Gaetz scandal. The Daily Beast claims to have copies of communications between Gaetz associate Joel Greenberg and (wait for it) Roger Stone, who Greenberg was willing to pay $250,000 if he could broker a pardon from Trump. (No pardon was given and no money paid.)

In the private text messages to Stone, Greenberg described his activities with Gaetz, repeatedly referring to the Republican congressman by his initials, “MG,” or as “Matt.”

“My lawyers that I fired, know the whole story about MG’s involvement,” Greenberg wrote to Stone on Dec. 21. “They know he paid me to pay the girls and that he and I both had sex with the girl who was underage.”

If you’re wondering “Why on Earth would you ever admit that to somebody, especially in writing?”, you’re not alone.


As Biden keeps proposing things the American people like, Trumpist attacks on him are getting increasingly desperate. Here, a NewsMax talking head goes off on a clip of Biden bending down to pick a dandelion and give it to Jill. This act is labelled “bizarre” and somehow deserving of ridicule.

All I can say is that Biden had better not wear a tan suit.


You know who’s a communist now? Mitt Romney. At least that’s what the hecklers at the Utah Republican Convention were calling out as he tried to speak. But a motion to censure Mitt for daring to vote to convict Donald Trump narrowly failed 711-798.


As someone who went to a few Burning Man festivals years ago, I’m not sure what I think about the proposal for a permanent art installation that generates solar electricity. Don’t-blink-or-you’ll-miss-it is a key element of the Burning Man experience. The fact that this is all going up in smoke at the end of the week teaches a lesson about being truly present.

On the other hand: renewable energy in an attractive package.

and let’s close with something artsy

You never know when someone might escape from a painting and fly around the Brussels airport.

The Reagan Era is Finally Over

https://edsteinink.com/long-wait-2ffdd30f0c70

Biden’s speech and the response (or lack of response) from Republicans demonstrates that no one believes in the old nostrums any more.


The day Clinton surrendered. In the 1996 State of the Union, President Bill Clinton said, “The era of big government is over.” This has been widely marked as the moment when the Democratic Party surrendered to the Reagan revolution.

For the 12 years of the Reagan and Bush administrations, many Democrats in Congress had tried to hold the line. Then, after Clinton was elected in 1992, he set out to extend the legacy of FDR and LBJ by fulfilling the longstanding Democratic ambition to create some version of universal health care. After seeming popular at first, “HillaryCare” didn’t pass. Democrats were subsequently routed in the 1994 midterm elections, making Newt Gingrich the first Republican Speaker of the House since the legendary Sam Rayburn replaced the much-less-legendary Joseph W. Martin Jr. in 1955.

The lesson Clinton learned from that defeat was that Democrats needed to temper their ambitions. Subsequently, he worked with Gingrich to achieve goals that appealed to Republicans, like balancing the budget, ending “welfare as we know it”, passing NAFTA, and de-regulating the banking system (in ways that would blow up by 2008). There would be no more big-ticket proposals until ObamaCare in 2009. Democratic governance became little more than a kinder, more efficient version of Republican governance.

For most of the 20th century, Democrats had stood for an active government trying to solve people’s problems. FDR’s New Deal had given the country Social Security, unemployment insurance, and the minimum wage. LBJ’s Great Society had added Medicare, the War on Poverty, and the Voting Rights Act. But all that was over now. Clinton was not just refusing to advance, he was actively capitulating: “Big government” was itself a Reaganite phrase that would have been anathema to Democrats just a few years before. (To make a present-day comparison: Imagine what it would mean if major Republicans started denouncing “white privilege”.)

Meanwhile, Republicans continued to worship at the shrine of the Great Communicator. For three decades, the philosophy of the Republican Party didn’t waver: low taxes, less regulation, free trade, more spending for defense but less for social programs, and “traditional family values” — which mainly meant opposing abortion and homosexuality.

This constancy gave Republican candidates a significant branding advantage in campaigns. If you saw an R next to a politician’s name, you immediately knew what he stood for — even if you had never heard of him before. Democrats, conversely, had to put considerable effort and money into introducing themselves to voters, and explaining why they weren’t the “tax-and-spend liberals” Reagan had so successfully vilified.

That was the Reagan Era. Even if you hadn’t been born yet when he left office in 1989, you have been living in his era. Until Wednesday, when President Biden announced the end of it.

Two cycles. The Reagan Era did not end all at once. It took two complete election cycles to bring it down.

When Republicans started campaigning for the presidency in 2015, Reaganite orthodoxy still seemed solidly in control. Marco Rubio, for example, might talk about “new ideas”, but what he really meant was “new faces”. After listening to his stump speech, I wrote:

What in that plan does he think Jeb Bush will disagree with? Less regulation, lower taxes on corporations and the rich, less government spending, traditional family values, strong defense, aggressive American leadership in the world. How is that different from what every Republican has been saying since Ronald Reagan?

Rubio’s “new leadership” plea just meant that the old Reagan program needed a fresh young Hispanic spokesman, and that nobody really wanted another Bush vs. Clinton election.

But Trump upended all that. Occasionally he would wave in the direction of tax cuts and strong defense, but his real applause lines appealed to a rising white nationalist anger that Bush or Rubio could not speak for. (“Build a wall.” “Lock her up.”) Jeb Bush was “low energy” compared to the violence-promoting Trump. “Little Marco” was too mousy and too brown to stand up for the oppressed white working class.

An undercurrent of the Trump campaign was that Republicans had sold out white workers just as much as Democrats had. (In the other primary, Bernie Sanders was saying that Democrats had sold out workers just as much as Republicans had.) It was never clear just what time period the “again” in “Make America Great Again” pointed back to, but it wasn’t the Reagan administration. Maybe it was the 1950s, or the 1920s, or the Confederacy.

Trump’s speeches had a scatter-shot approach that sometimes could invoke big government positively. He told 60 Minutes that he would replace ObamaCare with a “terrific” healthcare plan that would cover all Americans “much better”. “I’m going to take care of everybody” he claimed, and “the government’s going to pay for it.”

Free trade was out and tariffs were in. And while he professed to be against regulation in general, he often threatened to interfere with American business in ways far beyond what Obama or Clinton had done. If Ford threatened to move a plant to Mexico, Trump said he would tell Ford’s CEO

Let me give you the bad news: every car, every truck and every part manufactured in this plant that comes across the border, we’re going to charge you a 35 percent tax — OK? — and that tax is going to be paid simultaneously with the transaction.

By 2020, the GOP was not even pretending to be more than a Trump personality cult. Their convention didn’t bother to write a new platform, because why weigh down the Great Leader with a specific policy agenda? Republicans would support Trump in 2020 — that’s all voters needed to know.

Supply-side economics. The beating heart of Reaganism was supply-side economics, as crystalized in the not-at-all-funny Laffer Curve, which started out as a drawing on a napkin and never got much more precise than that. The idea was that as taxes rose, economic activity shrank, with the result that sometimes a higher tax rate produced less revenue than a lower one. (At the extreme, it makes sense: If the tax rate were 100%, nobody would bother to make money.)

There was never a solid estimate of where the peak of the Laffer Curve was supposed to be, but Republicans uniformly believed that it was always at a lower rate than the current one. So tax cuts became the free lunch that economics wasn’t supposed to have: Cut taxes and the economy will grow so fast that the government will get more revenue. Everybody wins!

It didn’t work for Reagan or either of the times when Bush Jr. tried it. Lower taxes might goose the economy a little, but not enough to raise revenue beyond the previous projections. Invariably, tax cuts led to deficits.

So by the time Trump proposed a tax cut in 2017, supply-side economics had hit the same point Soviet Communism did during the Brezhnev Era: Everyone trotted out the old slogans, but no one really believed them. Trump cut rich people’s taxes because he was rich and wanted to pay less tax. McConnell and the other Republicans in Congress went along because their donors were rich and wanted to pay less tax. Mnunchin and various other hired experts might claim that it would be different this time, but soon Trump’s deficits began to approach $1 trillion a year, pre-Covid, at a time in the economic cycle when classic Keynesianism would call for a surplus. Obama had run trillion-dollar deficits to pull the economy out of the Great Recession. Trump was running them because … well, why not?

And the personality cultists in the GOP didn’t care.

When Covid hit, Trump realized that direct payments from the government were popular, and that no one cared about the deficit. So the deficit for fiscal 2020 (October, 2019 to October, 2020) clocked in at $3.1 trillion. During the fall campaign, Trump proposed another round of direct payments, plus infrastructure spending. The second round of payments passed after the election, at a lower level than either Trump or the Democrats wanted, but the infrastructure proposal never turned into a specific piece of legislation.

Biden. After Trump’s coup attempt failed and Biden took over, Republicans in Congress attempted to run the same play that had stymied Obama: Underfund and slow-roll everything, so that the economy will limp along and the new administration will be blamed.

On Covid relief, Biden decided not to play that game. He politely listened to a lowball Republican proposal that they probably would have backed away from anyway, and then pushed ahead with a reconciliation strategy (the same one Trump had used to pass his tax cut). The $2 trillion package passed quickly with only Democratic votes. It has been quite popular, and Republicans have at times tried to take credit for it, despite unanimously voting against it.

In his speech to a joint session of Congress Wednesday night, the President promoted two additional proposals — the American Jobs Plan and the American Families Plan, that together would spend over $4 trillion during the next ten years. The plans are funded by tax increases on corporations (rolling back part — but not all — of Trump cut in the corporate tax rate) and the rich (the top tax rate returns to its pre-Trump level, and capital gains are taxed as ordinary income for those making more than $1 million a year). Biden pledges not to raise taxes on those making less than $400,000 a year. The middle class, he said, “is already paying enough”.

This is all heresy against Reaganomics, which says that if taxes on the wealthy are kept low, they’ll invest their money more productively than government could, resulting in higher economic growth, more jobs, and increased wages. That was a formidable argument in the 1980s, and still had teeth even when it was used against Obama.

But no one believes it any more. Biden saw no need to give an elaborate justification for taxing the rich to build American infrastructure. Instead, he called supply-side economics by its liberal name, and brushed it off:

Trickle-down economics has never worked.

That simple statement is the bookend to Clinton’s “The era of big government is over.”

The true history of American infrastructure. It has now been more than two centuries since New York State began constructing the Erie Canal, which made Buffalo a boom town and promoted economic growth across the Great Lakes. Once cargoes from Lake Superior started floating down the Hudson, New York City soon replaced Philadelphia as the nation’s top port.

What the last two centuries have taught us is that the economy needs a mixture of public and private investment. The logic of that can get a little wonky, but the gist is that certain big investments, like the Erie Canal, the transcontinental railroad, the interstate highway system, or rural electrification, create what economists call “positive externalities”. In other words, they promote a general growth that no private-sector entity is broad enough to capture. (Even New York State failed to capture the growth its canal promoted in Chicago and Detroit.) So the private sector either will not build them at all, or will build them much too small and too late.

One result of Reaganism has been an under-investment in the public sector. That’s what Biden is trying to reverse. By taxing the rich, he is taking money from a bloated private sector to catch up on the public-sector investments that have gone begging for decades. Biden is betting that this shift will increase growth and create jobs — the exact reverse of what Reaganomics predicts.

In the official Republican response to Biden’s speech, Senator Tim Scott invoked trickle-down when he described Biden’s tax plan as “job-killing”, and predicted “it would lower Americans’ wages and shrink our economy”. If the Trump tax cuts — or the Bush tax cuts before them — had actually created jobs and promoted growth, as they were supposed to do, then it would make sense to predict that reversing them would kill jobs and stifle growth. But none of the promised benefits of Trump’s plan actually happened, so the jobs that it didn’t create won’t be lost when Biden goes back to pre-Trump tax rates.

Where is the Tea Party? Writing in Politico, conservative Rich Lowry waxes nostalgic about 2009, when “President Barack Obama created a spontaneous, hugely influential conservative grassroots movement on the basis of an $800 billion stimulus bill and a health care plan estimated to cost less than a trillion.”

Once upon a time, Joe Biden’s spending proposals would have launched mass demonstrations in opposition.

Little else would have been talked about in conservative media, and ambitious Republican politicians would have competed with one another to demonstrate the most intense, comprehensive resistance, up to and perhaps including chaining themselves to the U.S. Treasury building in protest.

But now, he laments, Republicans just want to talk about the border and cancel culture. No one is defending the Reagan orthodoxy, because no one believes in it any more.

Perestroika has come.

The Monday Morning Teaser

This week’s big story was President Biden’s don’t-call-it-State-of-the-Union address to a joint session of Congress. No particular announcement in the speech was surprising, but his proposals for $4 trillion in new spending seemed to bookend Bill Clinton’s 1996 statement that “The era of big government is over.” Republicans were unable to mount a coherent critique, and there was no sign of the grass-roots uprising that Obama’s much smaller spending program had inspired in 2009.

My interpretation of this is that “The Reagan Era is Finally Over”. Ronald Reagan laid out a set of themes that dominated Republican politics (and even intimidated Democratic politicians) until 2016. But Trump laid waste to any principled Republican thinking, and replaced it with a cult of personality. The result is that when Biden proposes a liberal policy agenda, Republicans really have no basis for arguing against it.

Trump could do that because by 2015 supply-side economic orthodoxy had already reached the stage of Soviet Communism in the Brezhnev Era: Even the people repeating its slogans didn’t really believe in them any more. As president, Trump cut rich people’s taxes because he was rich and he wanted to pay less tax. McConnell and the rest of the Republicans got in line because their donors were rich and wanted to pay less tax. They might mouth platitudes about growth and an economic boom that would create jobs and wipe out the lost revenue, but everybody knew what the game was.

So when Biden announced Wednesday “Trickle-down economics has never worked”, there was no answering chorus of “Yes it has. Yes it does.” Of course it doesn’t. We all knew that.

Anyway, that post requires a history lesson that I’m still writing, so it probably won’t post until around 11 EST.

The weekly summary discusses some other issues in Biden’s speech and Tim Scott’s response, including what I see as a senseless debate over whether the US is a “racist country”, whatever that means. There’s also the FBI raid on Rudy Giuliani’s home and office, and what it might mean for Rudy’s legal jeopardy, and Trump’s. It was a good news/bad news week for the fight against Covid: Daily case numbers keep improving in the US, but getting worse worldwide. And we’re getting close to having vaccinated all the people who were eager to be vaccinated, but we’re still not at a herd immunity level. Florida continues to make a mockery of GOP rhetoric about “liberty”. This week they’re trying to dictate the policies of private companies like Facebook and Google. And we’ll close with a winged Cupid breaking out of a Rubens painting in the Brussels airport.

Let’s say that gets out between noon and 1.