Tag Archives: Pelosi

Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically

By William K. Black
March 24, 2016     Bloomington, MN

Representative Nancy Pelosi has just written the latest effort by a prominent Democrat to bash Republicans for the high crime of not being financially illiterate.  The Republicans are frequently financially illiterate on budget issues and they bash Democrats for the high crime of not being financially illiterate.  The leaders of both parties share the hypocrisy of bashing the rival party for supporting budgetary stimulus in circumstances in which stimulus is vital.  Particular forms of budgetary stimulus can be simultaneously desirable (relative to austerity) and inferior relative to alternative forms of budgetary stimulus.  The Republican‘s favored form of budgetary stimulus – large tax cuts for the wealthy – is a remarkably inefficient means of providing  stimulus that makes income inequality worse.  Those two points are the correct bases for criticizing their proposed tax cuts.  Far too many Democrats, however, cannot pass up the political opportunity to bash the Republicans for supporting stimulus when further stimulus is vital.  When Democrats like Pelosi launch these myth-based political attacks on Republican stimulus programs they help to enshrine economically illiterate austerity policies that make it even harder for Democrats to make the case for stimulus even when it is essential.

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TPP: Fast –Track Is Back: Shall It Pass?

Under this plan, they say, the President and the Republicans get what they want, and so do the free trade Democrats (as without their saying it do the funders of both parties). In addition, the free trade Democrats have the TAA fig leaf they believe they need to defend them against primary challengers and Republicans who may run against them saying that the sold out American workers and national sovereignty to foreigners.

Sounds wonderful, doesn’t It? But here are the process problems with it.

Step one assumes that a clean TPA bill can pass the House. Proponents of this step assume that this will happen because 191 Republicans and 28 Democrats, a total of 219 members of the House, passed such a bill last Friday, June 12th, while 54 Republicans and 157 Democrats, or 211 members voted to defeat it. Continue reading

TPP: Fast –Track, the Next Rounds In Congress

The roll call 126-302 vote (Roll call 361) defeating the Trade Adjustment Assistance (TAA) bill was a result worth a little celebrating on Friday, since it was a very decisive victory on that particular vote, and also stopped the Trade Promotion Authority (TPA) fast track bill from being sent to the President’s desk for signature. If the vote on TAA hadn’t failed, it would have been far more difficult (I don’t say impossible as many do) to defeat all manner of “free trade” agreements (aka multinational sovereignty agreements), including the currently scheduled Trans-Pacific Partnership (TPP), Trans-Atlantic Trade and Investment Partnership (TTIP), and the Trade in Services (TiSA) agreements over the next year or so.

Everything we know about these agreements is that they would have been a disaster for all but an extremely small segment of the people of the United States. So, we ought to be overjoyed that, for now, fast-track is stalled in the House, and may get pigeon-holed there for quite some time to come, if the re-vote on TAA fails. Still as Kevin Zeese and Margaret Flowers, and Bill Black say in their recent posts, this stall may be short-lived if we don’t keep up the pressure and make sure that the Republicans and Democrats in Congress, along with the President are, unsuccessful in reversing Friday’s vote on the TAA. Continue reading

Fast –Track: It Looks Like It’s In Pelosi’s Lap or Maybe Not!

There are 246 Republicans and 188 Democrats in the House. Republicans, led by John Boehner and Paul Ryan, say they are confident about having enough votes to hold a successful floor vote on Friday, June 12th.. However, Politico reports that Republican sources are saying they will get anywhere from 180 – 200 votes for fast-track, which doesn’t sound very different from their at least 190 vote estimate as of June 3rd.

So, that leaves anywhere from 46 – 66 Republican opponents of the legislation. The top of this range is very near the maximum of 57 Republicans that TPP opponents have previously estimated could vote against it, except that on the high side it acknowledges the possibility that Republicans may have lost ground compared to a week ago.

Last week, also, supporters of the bill reportedly could not count on more than 17 Democrats to vote for it, and no more than 20 after all the maneuvering and politicking has occurred. Today, the number of committed TPP Democrats seems to be 20, with the recent addition of Don Beyer (D-VA), Kathleen Rice (D-NY), and Jim Himes (D-CT). So, it appears not much progress has been made toward the 218 votes required to carry the fast-track authority in spite of all the activity and much posturing from the pro-TPP forces. Continue reading

TPP: State of Play in the House

The Republicans and the Administration still can’t count on the 217 votes needed to pass Fast-Track, according to Politico. There are 245 Republicans and 188 Democrats in the House. Republicans are now “feeling new found optimism that at least 190 of their lawmakers” will support fast-track. So, that leaves 55 Republican opponents. Very near the maximum of 57 that TPP opponents have estimated could vote against it.

A few days ago, supporters of the bill reportedly could not count on more than 17 Democrats to vote for it, and no more than 20 after all the maneuvering and politicking has occurred. Today, the number of committed TPP Democrats seems to be 18. So, it appears not much progress has been made toward the 217 votes required to carry the measure, and the pro-TPP forces still have 9 votes to get, provided they don’t lose any of the 18 Democrats, called out publicly by Alan Grayson on June 1st, much to the regret and/or consternation of Steny Hoyer, perhaps the rest of the House leadership, and, at least some of the 18 Democrats called out. Continue reading