All Things in Moderation

Morning Report: Strong jobs report knocks stocks

14 Responses

1. 

   jnc4p, on July 8, 2019 at 10:14 am said:

   It’s telling about the zeitgeist that this is even being debated.

   https://www.washingtonpost.com/nation/2019/07/08/detroit-music-festival-charged-white-people-double-then-backlash-started/

   Although, I do have to admire this guy’s understanding of white progressives:

   ““If I created the framework where I outline a problem that is indisputable, and I position you as an antagonist, and I give you a way to solve the problem tidily and be the hero — in the moment, anything other than the $30 choice becomes antisocial behavior,” he explained.”

   LikeLike

   Reply
   • 

     Brent Nyitray, on July 8, 2019 at 10:31 am said:

     so you are anti-social unless you buy in 100% to stunts like this…

     the language ministry is at it again…

     LikeLike

     Reply
     • 

       jnc4p, on July 8, 2019 at 12:36 pm said:

       Actually that’s not what he’s saying. He’s saying that he’s used psychological/social manipulation to make it that way.

       I appreciate the con/grift/marketing here.

       LikeLike

       Reply
   • 

     Kevin S. Willis, on July 8, 2019 at 9:38 pm said:

     “Also note: publicly harming a black woman’s business because you imagine that her efforts at helping the black community would make your white grandma uncomfortable is what internalized white supremacy looks like.”

     Interesting that there always seems to be an intersection between a group wanting to have their cake and eat it, too, and claims of internalized white supremacy on the part of critics. I’ve noticed that a common defense of hypocritical or It’s-Okay-If-Your-Progressive is that critics are exhibiting internalized racism or sexism or it’s evidence of institutional racism.

     There’s never any: hmmm, maybe we are taking this pendulum swing a bit too far.

     LikeLike

     Reply
2. 

   jnc4p, on July 8, 2019 at 1:13 pm said:

   NoVA – For you. Ezra Klein has a revelation.

   “3) Why should Americans trust the government to decide what is and isn’t covered by health insurance?

   Both the Medicare-for-all and Medicare-for-more plans envision the government structuring the country’s main health insurance plan. But what happens when Republicans are in charge of that plan, and they decide that abortion and Plan B contraceptive pills shouldn’t be covered? Or that there should be a work requirement for able-bodied adults who want health insurance? The Trump administration recently approved Wisconsin’s request to add a work requirement to Medicaid, for instance.

   There are other concerns as well. The late, great health economist Uwe Reinhardt supported single-payer, but he once told me he thought America’s system of government was “too corrupt” to make it work. “When you go to Taiwan or Canada,” Reinhardt said, “the kind of lobbying we have here is illegal there. You can’t pay money to influence the party the same way. Therefore, the bureaucrats who run these systems are pretty much insulated from these pressures. Here you have basically a board of directors in the House Ways and Means Committee that gets money from lobbyists both at the regulatory writing stage and during normal operations.”

   If the government runs the country’s main health insurer, the entirety of the health care industry’s might will be turned on lobbying the federal government. And the health care industry is mighty. It’s not just rich — it’s also spread out, between hospitals and doctors and nurses and drug and device manufacturers, across every congressional district. How do you stop the system from collapsing into corruption?”

   https://www.vox.com/policy-and-politics/2019/7/8/20683368/democrats-2020-medicare-private-insurance-single-payer-debate

   LikeLike

   Reply
   • 

     novahockey, on July 8, 2019 at 2:10 pm said:

     oh man, the secret is out.

     oh, and if you’re going to lie, at least make it plausible.
     ” The first — which led to some confusion on Sen. Kamala Harris’s part — is that it’s unclear: Was Holt asking about the candidates’ own health care plans, or their plans for the country?”
     uh huh.

     LikeLike

     Reply
   • 

     novahockey, on July 8, 2019 at 2:12 pm said:

     “During the first debate, John Delaney took direct aim at this part of Sanders’s plan. “If you go to every hospital in this country and you ask them one question, which is how would it have been for you last year if every one of your bills were paid at the Medicare rate, every single hospital administrator [would] say they would close. And the Medicare-for-all bill requires payments to stay at current Medicare rates. So to some extent, we’re basically supporting a bill that will have every hospital close.”

     I think Delaney is wrong about this. Much of the health care system could adjust to a Medicare rate, in part because the volume of health services would rise if everyone was covered and everything was free at point of service”

     make it up on volume? ugh.

     LikeLiked by 1 person

     Reply
     • 

       Kevin S. Willis, on July 8, 2019 at 9:44 pm said:

       That response is meaningless. “I don’t think this will happen” just glosses over what a huge disruptive an abrupt transition to Medicare-for-all would be. Even if it became merely awful over time, at first it would be a disaster. And lots of hospitals would close, left with no time to adapt to the changes. But I’m sure lots of other unintended consequences would make a wreck of things for at least the first several years.

       LikeLike

       Reply
   • 

     Brent Nyitray, on July 8, 2019 at 2:28 pm said:

     Love the sign of the brit telling trump to keep his hands off nhs…

     i don’t think you have anything to worry about dear

     LikeLiked by 1 person

     Reply
     • 

       Kevin S. Willis, on July 8, 2019 at 9:46 pm said:

       There was some Internet fake news that Trump was going to do something to NHS. I think. And a certain amount of lefties treated it seriously.

       LikeLike

       Reply
3. 

   Brent Nyitray, on July 8, 2019 at 4:27 pm said:

   $15 / hour MW would cost 1.3 million jobs – CBO

   Click to access CBO-55410-MinimumWage2019.pdf

   LikeLike

   Reply
   • 

     jnc4p, on July 8, 2019 at 8:20 pm said:

     That strikes me as low.

     LikeLike

     Reply
   • 

     Kevin S. Willis, on July 8, 2019 at 9:54 pm said:

     I feel like, real-world, that’s probably high—at least until there’s a serious recession. In part because there’d be some loopholes—although a lot of work might transition to contract work. Or benefits would get cut.

     I think we’d be all right. Generally. But I also think we should abolish the minimum wage entirely.

     When our district established a $15 minimum wage, it was interesting the amount of resentment it generated amongst the people doing higher-value work that got a 3 cent raise versus the lower-value work where the employees ended up with a seven dollar raise. Because when you are underpaid at $14.97 and are still underpaid at $15 and the people around you are suddenly being seriously overpaid at $15 … it is not a morale booster.

     I understand why various parties embrace minimum wages but there’s always a downside.

     LikeLike

     Reply
     • 

       ScottC, on July 9, 2019 at 1:21 pm said:

       Even if one believes the notion that it is proper for the government to dictate what businesses must pay low-skill workers, a national minimum wage in a nation that has such wide variances in cost-of-living as between, say, San Fransisco and Syracuse (to pick two places almost at random) still makes no sense whatsoever.

       LikeLiked by 1 person

       Reply