Follow & Support The BRAD BLOG!
&

16+ YEARS of The BRAD BLOG! 1000+ Green News Reports! Countless BradCasts! All reader/listener supported! Thank you!
*** Please DONATE HERE to help us keep going! ***
Latest Featured Reports | Monday, August 3, 2020
Sunday 'Delaying the Inevitable' Toons
Distract yourself with PDiddie's latest collection of the week's best political toons...
FEC Complaint: Trump Camp Running $170M 'Laundering' Scheme: 'BradCast' 7/31/20
Guest: CLC's Brendan Fischer on yet another extraordinary Trump grift; Also: Stop cowering at his wannabe dictator tweets!...
Monopoly Money:
'BradCast' 7/30/20
Guest: David Dayen on the 'incredible' anti-trust hearing in the House and his new book 'Monopolized'; Also: Cain dies of COVID; Trump tries to distract from newly disastrous economic numbers; Rep. Lewis laid to rest...
'Green News Report' 7/30/20
  w/ Brad & Desi
Trump in TX to expand fossil fuel exports, lie about Biden; Very good news for clean, renewable energy in U.S.; PLUS: Ag officials alarmed by 'mystery seeds' in the mail...
Previous GNRs: 7/28/20 - 7/23/20 - Archives...
Conspiracies. Real Ones.:
'BradCast' 7/29/20
Dark money behind anti-mask, pro-chloriquine movement; White supremacist provocateurs behind BLM 'riots'; Also: COVID conspiracist Gohmert has COVID...
Local TV Goliath Sinclair Shamed Into Nixing COVID Disinfo: 'BradCast' 7/28/20
Guest: Media Matters' Zachary Pleat; Also: If MLB can't avoid COVID, how will schools?; Trump's Fauci envy...
'Green News Report' 7/28/20
Two hurricanes in two states over one weekend; CA plugs in world's largest battery; PLUS: Trump Admin takes major step toward approving controversial Alaska mine...
From The Global Coronavirus Epicenter of Miami Beach: 'BradCast' 7/27/20
Guest-host Nicole Sandler with Miami Beach, FL Mayor Dan Gelber and healthcare advocate Laura Packard...
Sunday 'Cognitively Fascist' Toons
Power up with PDiddie's latest collection of the week's best political toons!...
'RECOUNTED' with Ari Berman, Chuck Collins: 'BradCast' 7/24/20
On safeguarding the 2020 election and on our worsening economic inequality...
Philly DA Vows Arrest of Trump's Fed 'Thugs' if They Break State Law - But Should He?
Ernie Canning on measuring the risks of such an escalation by local officials...
Reality Begins Setting in for the GOP; Chaos Continues for America: 'BradCast' 7/23/20
FL RNC cancelled; COVID at White House; Jobless claims keep breaking records; GOP in disarray over relief bill; Trump goons tear-gas Portland mayor; Much more!...
'Green News Report' 7/23/20
OH GOP House Speaker arrested for bribery in utility conspiracy; Gonzalo breaks new record in historic 2020 hurricane season; PLUS: Burger King cuts the methane...
BARCODED BALLOTS AND BALLOT MARKING DEVICES
BMDs pose a new threat to democracy in all 50 states...
VIDEO: 'Rise of the Tea Bags'
Brad interviews American patriots...
'Democracy's Gold Standard'
Hand-marked, hand-counted ballots...
Brad's Upcoming Appearances
(All times listed as PACIFIC TIME unless noted)
Media Appearance Archives...
'Special Coverage' Archives
GOP Voter Registration Fraud Scandal 2012...
VA GOP VOTER REG FRAUDSTER OFF HOOK
Felony charges dropped against VA Republican caught trashing voter registrations before last year's election. Did GOP AG, Prosecutor conflicts of interest play role?...

Criminal GOP Voter Registration Fraud Probe Expanding in VA
State investigators widening criminal probe of man arrested destroying registration forms, said now looking at violations of law by Nathan Sproul's RNC-hired firm...

DOJ PROBE SOUGHT AFTER VA ARREST
Arrest of RNC/Sproul man caught destroying registration forms brings official calls for wider criminal probe from compromised VA AG Cuccinelli and U.S. AG Holder...

Arrest in VA: GOP Voter Reg Scandal Widens
'RNC official' charged on 13 counts, for allegely trashing voter registration forms in a dumpster, worked for Romney consultant, 'fired' GOP operative Nathan Sproul...

ALL TOGETHER: ROVE, SPROUL, KOCHS, RNC
His Super-PAC, his voter registration (fraud) firm & their 'Americans for Prosperity' are all based out of same top RNC legal office in Virginia...

LATimes: RNC's 'Fired' Sproul Working for Repubs in 'as Many as 30 States'
So much for the RNC's 'zero tolerance' policy, as discredited Republican registration fraud operative still hiring for dozens of GOP 'Get Out The Vote' campaigns...

'Fired' Sproul Group 'Cloned', Still Working for Republicans in At Least 10 States
The other companies of Romney's GOP operative Nathan Sproul, at center of Voter Registration Fraud Scandal, still at it; Congressional Dems seek answers...

FINALLY: FOX ON GOP REG FRAUD SCANDAL
The belated and begrudging coverage by Fox' Eric Shawn includes two different video reports featuring an interview with The BRAD BLOG's Brad Friedman...

COLORADO FOLLOWS FLORIDA WITH GOP CRIMINAL INVESTIGATION
Repub Sec. of State Gessler ignores expanding GOP Voter Registration Fraud Scandal, rants about evidence-free 'Dem Voter Fraud' at Tea Party event...

CRIMINAL PROBE LAUNCHED INTO GOP VOTER REGISTRATION FRAUD SCANDAL IN FL
FL Dept. of Law Enforcement confirms 'enough evidence to warrant full-blown investigation'; Election officials told fraudulent forms 'may become evidence in court'...

Brad Breaks PA Photo ID & GOP Registration Fraud Scandal News on Hartmann TV
Another visit on Thom Hartmann's Big Picture with new news on several developing Election Integrity stories...

CAUGHT ON TAPE: COORDINATED NATIONWIDE GOP VOTER REG SCAM
The GOP Voter Registration Fraud Scandal reveals insidious nationwide registration scheme to keep Obama supporters from even registering to vote...

CRIMINAL ELECTION FRAUD COMPLAINT FILED AGAINST GOP 'FRAUD' FIRM
Scandal spreads to 11 FL counties, other states; RNC, Romney try to contain damage, split from GOP operative...

RICK SCOTT GETS ROLLED IN GOP REGISTRATION FRAUD SCANDAL
Rep. Ted Deutch (D-FL) sends blistering letter to Gov. Rick Scott (R) demanding bi-partisan reg fraud probe in FL; Slams 'shocking and hypocritical' silence, lack of action...

VIDEO: Brad Breaks GOP Reg Fraud Scandal on Hartmann TV
Breaking coverage as the RNC fires their Romney-tied voter registration firm, Strategic Allied Consulting...

RNC FIRES NATIONAL VOTER REGISTRATION FIRM FOR FRAUD
After FL & NC GOP fire Romney-tied group, RNC does same; Dead people found reg'd as new voters; RNC paid firm over $3m over 2 months in 5 battleground states...

EXCLUSIVE: Intvw w/ FL Official Who First Discovered GOP Reg Fraud
After fraudulent registration forms from Romney-tied GOP firm found in Palm Beach, Election Supe says state's 'fraud'-obsessed top election official failed to return call...

GOP REGISTRATION FRAUD FOUND IN FL
State GOP fires Romney-tied registration firm after fraudulent forms found in Palm Beach; Firm hired 'at request of RNC' in FL, NC, VA, NV & CO...
The Secret Koch Brothers Tapes...


On safeguarding the 2020 election and worsening economic inequailty...
By Desi Doyen on 7/24/2020 3:33pm PT  

We're off today, but we've got a BradCast 'RECOUNTED' for your listening pleasure, with two excellent recent interviews you may have missed --- or just need to hear again. [Audio link to show is posted below.]

  • Then, Brad's conversation on 6/12/2020 with voting rights journalist and author ARI BERMAN of Mother Jones, on the fight against Republicans' new surge of voter suppression during the coronavirus pandemic and steps we can take to prevent a stolen election this November.

We'll be back soon!

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Also: Trump's top General apologizes; Confederate monuments fall...
By Brad Friedman on 6/11/2020 7:04pm PT  

On today's BradCast: Sometimes it's good news when bad news arrives. At least when it's a breath of reality in the Trump Era. [Audio link to today''s show is posted below the summary.]

We've been trying on this program to make some sense in recent weeks of Wall Street's alternative reality, as seen over the past 12 weeks or so while millions of Americans have become unemployed as states ordered shutdowns and business closures while the coronavirus wreaked deadly havoc across the country. The economy has, understandably, tanked in the bargain. But the stock market's major indexes have nonetheless surged some 44.5% between late March and this week. American billionaires, as discussed in detail on a recent show, have seen their fortunes rise by some $565 billion between March 18 and the first week of June, even as the economy has largely ground to halt and entered its worst recession since the Great Depression.

The irrational exuberance of Wall Street has continued week after week, for each of the past twelve, while millions of American have newly filed unemployment claims in record numbers that simply blow away any other downturn in our nation's history beyond the Great Depression. Major companies like Hertz and J.C. Penney are declaring bankruptcy, and yet the marketeers in the Wall Street casino continue to bid up the companies share prices. On Wednesday, the NASDAQ hit its all time high. Not its highest level during the pandemic, but its ALL TIME highest trading price.

It's as if the market and the reality of the economy exist on two entirely different planets. But they don't. That was made clear again today as yet another 1.5 million new jobless claims were reported by the Bureau of Labor Statistics, leaving anywhere from 20 to 40 million Americans out of work and Congress' expansion of unemployment benefits set to expire at the end of next month.

And yet, as Donald Trump becomes increasingly concerned about his reelection chances, he and his supporters are citing the booming stock market as if it's the same thing as the economy. It decidedly isn't. That reality finally appears to have hit home on Thursday --- at least for now --- as the Dow plunged some 1,800 points along with the other major market indexes which plummeted as well. Traders seem to have finally noticed that the coronavirus can't simply be pretended away. It is not only NOT going away anytime soon, but infections and hospitalizations are currently surging to record highs in at least 21 states on the heels of many of those states --- talking to you Arizona and Texas, among others --- dangerously "reopening" far too early.

Some have (wrongly) dismissed the reported increases in the number of confirmed infections as an byproduct of increased testing. That is not true. The increases of note are in both the percentages of positive tests and in hospitalizations in many areas around the U.S. That disturbing surge comes largely before we begin to see whether the past two weeks or nationwide protests over the killing of George Floyd substantively adds to the totals, as some fear.

Ultimately, today's market crash can be seen as "good" news, in that perhaps reality is finally catching up with the markets whose inflated value has helped to prevent Donald Trump and his Republican sycophants in Congress from taking the necessary actions needed to prevent both the economy and the health of the American people from becoming decidedly worse. I've got a rant or two about all of this on today's show.

But there was more heavily-qualified "good" news on Thursday as Trump's Chairman of the Joints Chiefs of Staff, Army General Mark Milley, made clear in a video-taped statement, that it was a "mistake" for him to have joined Trump for his obnoxious photo-op last week at St. John's Episcopal Church across from the White House after Trump ordered peaceful protesters violently cleared out of Lafayette Square.

And, in further encouraging news, protesters around the country have begun to take matters into their own hands in removing offensive monuments to Confederate traitors who rebelled against the United States and killed hundreds of thousands in the bargain, in hopes of preserving slavery in "the land of the free". On Wednesday, a statue of Confederate President Jefferson Davis in Richmond, VA, the former capital of the Confederacy, was pulled down, as other such statues --- many of them erected decades after the Civil War during the Jim Crow era, as segregationist policies further institutionalized white supremacy in the U.S. --- were defaced, decapitated or destroyed as well. Yes, I've got a thought or two on all of that today as well.

Finally, Desi Doyen joins us for our latest Green News Report, in which major environmental groups are also taking action towards racial justice within their own organizations in the wake of nationwide protests, and as communities of color continue to be disproportionately harmed by pollution, climate change and other environmental issues. She also has a bit of good news regarding a newly coal-free Britain and some less good news on our latest new plague in the U.S. --- or, at least in Florida: giant toxic toads! Buckle up!

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Surprise! The Peach State's new $104 million, unverifiable touchscreen vote system melts down in its first statewide election; Also: IPS' Chuck Collins on inequality and the 'Wall Street casino' coronavirus jackpot...
By Brad Friedman on 6/9/2020 6:45pm PT  

On today's BradCast: Who could have predicted it? Another Election Day meltdown in Georgia? Even with the brand new, $104 million, unverifiable, disease-vector touchscreen voting system the state's Republican Secretary of State forced every voter in the state to use at the polls for the first time during Tuesday's twice-postponed Presidential primary in the critical battleground state? Yup. And what has been happening on Wall Street of late underscores how perilous this moment is, and the need to save the voting system in the battleground Peach State before the critical November 3rd elections. [Audio link to full show is posted below this summary.]

Yes, as we've been warning for years now, the roll out of Secretary Brad Raffensperger's new computerized voting system would be a disaster for Georgia voters --- at least for those in or near Atlanta in some of the most heavily Democratic, heavily minority counties in the state. Voters reported wait times as long as 2, 3 and 4 hours in precinct after precinct, to cast their votes today --- even those who showed up before 6am in hopes of being first in line!

New computerized electronic poll-books failed. New computerized touchscreen Ballot Marking Devices (BMDs) failed. New optical-scan computers used to scan the unverifiable ballots printed out by the $4,000 electronic pens (BMDs) failed. What didn't fail was Raffensperger's propensity to blame county officials and poll workers who risked their lives to help voters vote during a deadly pandemic for his own failures to implement a simple, verifiable and much less expensive hand-marked paper ballot system.

More disturbing, the outrageous (if predictable) catastrophic failures of his new systems --- featuring touchscreens made by Canada's Dominion Voting Systems --- come even after Raffensperger ordered absentee ballot applications sent to each of the state's 6.9 million active registered voters (whatever "active" means in his assessment) to help mitigate the dangers of COVID-19 on state voters. Many of those in the same counties which saw huge lines at a reduced number of polling places on Tuesday reported never receiving their requested absentee ballots in the mail.

Today, we detail just some of the hundreds of reported nightmares voters faced trying to vote on Tuesday in Fulton, Cobb, Gwinnett, Muscogee and other counties in the Peach State, as voting equipment was missing altogether at some polling places when they opened; as hand-marked paper ballots quickly ran out at precincts where electronic voting systems couldn't be booted up or failed to work properly once they were turned on; as County officials called for official investigations; and as Raffensperger tried to blame it all on everyone but himself. Yes, we have spent many months (in fact, years now) detailing the lawsuits filed against him, as voters (and some counties) begged him to to move to a hand-marked paper ballot system instead.

Then: No, you are not crazy. You are not imagining it. Yes, up is down and down is up right now. Coronavirus infection rates are, indeed, spiking in a whole bunch of states that have opened up for business around the U.S., despite many collectively pretending the nightmare is over. It isn't. But much of the nation, encouraged by Donald Trump and his supporters, is now pretending otherwise. Similarly, on Wall Street, investors are pretending that the economy is great and the worst of the coronavirus pandemic's shock to the U.S. financial system is over. Of course, we now know the economy had already gone into recession as of February, even before the worst of the COVID-19 shutdowns had begun, ending an 11-year economic expansion that started during Barack Obama's administration and ended under Trump's.

But Wall Street is decidedly not the economy, where, back here in the real world, tens of millions of Americans are newly jobless amid the worst economic downturn since the Great Depression. Nonetheless, on Wall Street, the Nasdaq closed at a record high on Tuesday and both the Dow and S&P 500 indexes have rallied back in recent days to near the record highs they were at before the economy crashed. Billionaires on Wall Street are so drunk with irrational exuberance and flush with decades of sweet sweet tax cut cash that they are even beginning to buy up shares in companies that have filed for bankruptcy amid the crash.

According to the Institute of Policy Study's updated "Billionaire Bonanza 2020" report, between March 18 (roughly the start of the pandemic shutdown), through the fist week of June, "U.S. billionaire's total wealth surged by over $565 billion," even as 42.6 million U.S. workers filed for unemployment. What explains the obscene inequality between the billionaire oligarch class and all of the rest of us?

We're joined today by CHUCK COLLINS, co-author of the IPS study as Director of their Program on Inequality and the Common Good, where he co-edits Inequality.org, to explain what happened and how we can --- and must --- begin to correct the absurd, decades-long and still-growing imbalances in our economy.

"Only 14% of Americans have direct investments in stock," Collins explains. "So this tells us the story of how the top ten percent --- and in this case, how the billionaires --- are seeing their wealth surge during an unfortunate time for everyone else."

"We're now at the culmination of four decades of growing income and wealth inequality. As we went into the pandemic, we were at maybe our greatest unequal level since the Gilded Age. And the reality is, since 2009, only about 20 percent of households have recovered where they were in terms of savings and net worth prior to the Great Recession of 2008. So, think about that --- 80 percent of households went into the pandemic with an economic hangover, still not really fully back on their feet in the last eleven years. This recession and pandemic are going to supercharge the existing income and wealth inequalities that we are already living through."

Collins charges that "we're just absorbing now the pre-existing condition of extreme inequality in America," while reminding us that America did manage to "reverse the first Gilded Age" about 100 years ago. But, he cautions, "It required the fight of our lives. And that's what we're heading into."

As you might suspect, the solutions begin (though do not end) at the ballot box. But, he says, as he details a number of programs that could reverse our current Gilded Age, "the pressure is building" and "people understand the rich have been gaming the system." But, the reversal will not come easily, as "we're living in an oligarchy where the rich use their wealth and power to get more wealth and power."

Finally, Desi Doyen joins us for our latest Green News Report, as the 2020 hurricane season is already breaking records; as the Trump Administration is using coronavirus Shock Doctrine politics to roll back tons of public health and endangered species protections while few are noticing; and as record warmth in May has resulted in a catastrophic oil spill on the melting permafrost in Siberia...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Guest: The Prospect's David Dayen; Also: PA Repubs kept COVID infection a secret from Dems; Absentee ballot applications for all in WI...
By Brad Friedman on 5/28/2020 6:32pm PT  

On today's BradCast, it's concierge service from the Fed for Wall Street during the crisis, as American workers are left fighting for table scraps to stay alive. Again. [Audio link to full show is posted at end of summary.]

New weekly unemployment numbers out on Thursday from the U.S. Dept. of Labor suggest that while new jobless claims are beginning to slow, they are still coming in each week at all-time record numbers. Another 2.1 million Americans filed new claims last week, bringing the number of unemployed to Great Depression era levels of nearly 41 million Americans out of work. Another way to look at it is that a staggering one in four working Americans has filed for unemployment over the past 10 weeks since the COVID-19 crisis began in earnest in the U.S. Those official government numbers [PDF], however, are still lower than the real unemployment numbers, as millions are believed still stuck in line or having trouble getting through to still-overburdened state unemployment offices.

"A closer depiction of reality in the crisis," our guest DAVID DAYEN of The American Prospect, reports today, is a recent Census Bureau survey finding "that nearly half of all households have lost income" since the crisis struck in mid-March. At the very same time, however, as jobs are still disappearing and S&P 500 companies report an average 13% loss in profits during the first quarter of the year, the stock market has been soaring of late. Even with today's record jobless numbers, the market continued to rise (though it dropped a bit just before today's close) with the Dow up over 1,000 points in the past three days and the S&P 500 reporting record gains over the past month.

Another study cited by Dayen today comes from the Institute for Policy Studies, finding that "since March 18, as 100,000 died from COVID-19 and 40 million lost their jobs, billionaires in America have added $485 billion in wealth." Must be nice. So why is this happening? Why does the economy appear to be tanking everywhere except for on Wall Street?

Dayen, who, in his daily "Unsanitized" columns at The Prospect has been reporting for weeks on the "$4.5 trillion money cannon" unleashed by the Federal Reserve, with the approval of Congress in the CARES Act. He explains how that relief bill gave the go-ahead for the Fed to signal in late March, for the first time in history, that they will backstop corporate debt for huge companies. Without spending a dime, the signal the Fed gave on March 23rd is that investors didn't have to worry about about any risk associated with buying bonds from those companies. The Fed would back them up in the event the companies failed. So, as Dayen detailed this week, troubled firms like Carnival Cruise Lines, which is unable to make a penny now in the cruise line business, and Boeing, which was already in trouble before the coronavirus crisis began, are still raking in tens of millions (even billions) of dollars in the bargain. And, since the funding is coming from private equity firms and hedge funds (as guaranteed by the federal government), that "mothers milk", as Dayen describes it, is coming with no strings attached, unlike direct loans from the Government's CARES Act might have. That means, he says, that at least 49 major companies have brought in enormous sums of money during the crisis this way, even as they've laid off tens of thousands of workers at the very same time while using their windfall of cheap money to pay executive bonuses and purchase stock buybacks as working class American suffer in a way they haven't since the Great Depression.

"What idiot would send money to Carnival Cruise lines right now?," Dayen quips, before explaining how the Fed's announcement gave the go ahead to private equity firms to invest in the company anyway. "What they're saying is 'We're going to support the entire market'. ... They're essentially saying to investors, we will take care of you, we will do whatever it takes. The markets take that as a signal that they're going to be coddled, they're going to be protected, and that's all it takes."

This was all done with the approval of both parties in Congress, even as some Dems are now beginning to regret giving no-string attached approval to Donald Trump's Treasury Dept./Federal Reserve money cannon. "When you defer to the Fed as your main policy-making engine in the country, you're going to get disproportionate responses, because the Fed deals with banks and they deal with large corporations. And that's who is going to get the relief. Not the average person on the street."

"When ordinary people, 40 million strong, have to go on to the unemployment lines, they get limited, temporary relief that will probably go away very soon, and they struggle to obtain food and figure out how to maintain their shelter," Dayen explains. "The problem is not that large companies got a bailout from something that wasn't of their own making --- the coronavirus crisis --- the problem is that there's one system for elite investors and large corporations and one system for everybody else."

How long can this last? Dayen discusses that as well, as states and municipalities around the country are themselves facing massive revenue shortages and fiscal year budget deadlines by July 1 in many cases. Without Congress enacting another relief bill for those states and municipalities, critical local services will soon be slashed. Cops, firefighters, teachers, and even medical workers will be laid off amid the continuing global pandemic, gutting revenue to those states even further. Democrats in the House have already passed a $3 trillion bill to help out state and local governments. Republicans in the Senate, however, have said they are in no rush to take any further action for now.

We also discuss the unimaginable politicization of this pandemic, where even the idea that measures to keep Americans alive has now become a political hot potato just five months before the crucial November elections.

That unimaginable politicization is now on full display in Pennsylvania, where a Republican state lawmaker disclosed on Wednesday that he had tested positive for the coronavirus. While he had known for at least ten days, he told only his Republican colleagues in the House. Democrats were left in the dark, even as GOPers in the gerrymandered House demanded in-person committee hearings where Dems were unknowingly put in contact with colleagues who had been in contact with the infected Rep and didn't even bother to wear masks during hearings demanding the reopening of businesses in the state. One Democratic Representative from Philadelphia unleashed a tirade during a Facebook Live video Wednesday night (which we share on today's show), calling on the GOP Speaker of the House to resign and for the state Attorney General to consider prosecution of those members who endangered the others along with their families. All of which underscores, yet again, the importance of the upcoming election and the reckoning that should come with it.

To that end, we've got some good news out of the state of Wisconsin (for a change), where the bi-partisan state Election Commission voted unanimously on Wednesday to send absentee ballot applications to all of the Badger State's 2.7 million registered voters before the November election. That, in hopes of avoiding the nightmarish consequences of the state's April 7th primary when GOP state lawmakers refused to agree to the Democratic Governor's attempt to postpone the election or extend absentee balloting to keep residents safe during the crisis. So, will Donald Trump threaten to cut off funding to WI as he did last week when Michigan announced their intention to also sent absentee ballot applications to all registered voters? Stay tuned.

Finally, we're joined by Desi Doyen for our latest Green News Report with troubling predictions from NOAA for hurricane season; the plague of locusts spreading from Africa to India; New York and New Jersey reject a proposal for a new fracked-gas pipeline; and a new $14 million ad campaign ties Trump's deadly coronavirus denial to his long-standing deadly denial of our climate crisis...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




* If 'Greatness' means record unemployment and tens of thousands of unnecessarily dead Americans..
By Brad Friedman on 5/21/2020 6:59pm PT  

Remember waaay back on Monday when we warned you to take the news from biotech company Moderna about their self-proclaimed early success in tests of a coronavirus vaccine with a huge grain of salt? The announcement that spiked their stock price some 50% in one single day and resulted in a 900 point rally for the Dow? Well, the market is still enjoying its irrational exuberance, but Moderna's stock price is largely back to where it was before Monday's "science by press release". Not to be a party pooper before the Memorial Day weekend, but that seems an apt analog, somehow, for much of what we cover/warn about on today's BradCast. [Audio link to full show is at bottom of summary.]

Donald Trump and his Republican henchmen in Congress are running into a problem. Pretending the coronavirus crisis away only goes so far. Sure, you can announce that you have "reopened" for business, but that doesn't mean anybody will show up. Even with all 50 states now relaxing various restrictions, demand remains low and, therefore, unemployment remains high and is still getting higher each week.

New numbers from the U.S. Dept. of Labor report that 2.4 million Americans filed new unemployment claims last week. It is the ninth week in a row of new claims higher than 2 million --- some weeks were larger than 6 million --- even though the all-time weekly record, prior to COVID-19, was less than one million. Even during the 2008 Great Recession, initial claims for unemployment insurance never topped one million. The good news is the number of new filers has been decreasing in recent weeks. The bad news is that almost all of those people, nearly 40 million of them, remain out of work. For now, however, they have been able to rely on expanded benefits enacted by Congress that offer an additional $600 a week through the end of July. The program was designed to, yes, keep people at home in order to slow the spread of coronavirus.

Those payments have, by and large, prevented the U.S. economy from tanking entirely. And now, Republicans in Congress are insisting that they will not extend those benefits, as they join Trump in trying to convince themselves and the nation that the crisis is over. It isn't. Not by a long shot. Ending that expansion of unemployment right now in hopes of forcing workers back to their jobs --- where they may well get sick and die, just as had been happening before the shutdowns --- in hopes of restarting the economy, is likely to kill the economy entirely, according to economists, anyway. But what do they know? We discuss.

In lieu of an actual plan --- versus a Jedi Mind Trick --- to prevent a new rise in infections and deaths, Trump and his GOP pals seem prepared to hide the statistics and otherwise distract us with things like a new, wholly (and statutorily) unqualified Director of National Intelligence! Gutting a long-standing arms control deal with Russia! And trying to blame Obama for all sorts of imaginary scandals in hopes of harming presumptive Democratic Presidential nominee Joe Biden.

It shouldn't work. But, given our gullible corporate media, who knows? Satirist Randy Rainbow, however, has a new musical take on it all for us today.

While Republicans on Fox "News" are instructing their "patriotic" American cult members to get out there and get back to work, their star anchors continue to do so from the safety of their own home studios, where Fox Corp has directed them to remain for at least another month. YOU are supposed to die for the economy and the President's reelection! Not THEM!

And the irrational exuberant premature reopenings could well make a huge difference in the ultimate COVID-19 death toll, if a new study about the timing of the initial lockdowns from Columbia University disease modelers tells us anything. They find that a heart-breaking 36,000 fewer Americans would have died if the country had implemented stay-at-home restrictions just one week earlier in March. Moreover, the researchers found, had shutdowns occurred on March 1 the vast majority (83%) of deaths would have been avoided. Each single day that Trump and Governors around the country ignored or refused too take the crisis seriously resulted in the unnecessary loss of thousands of American lives.Depending on how quickly and/or irresponsibly states now lift restrictions, many more thousands of lives could be lost. Given the way a number of GOP-run states are now attempting to hide or censor infection and death rates, the cost could ultimately become unspeakable.

Another new study from the University of Wisconsin and Ball State University offers a real life example of all of this. The analysis found that last month's primary election in Wisconsin --- when the state's rightwing Supreme Court blocked attempts by Democratic Gov. Tony Evers to postpone the election or switch it to an all Vote-by-Mail election --- resulted in a "statistically and economically significant association between in-person voting and the spread of COVID-19 two to three weeks after the election." They found that WI counties "with higher levels of in-person voting per polling location led to increases in the weekly positive rate of COVID-19 tests. Furthermore, counties with higher absentee voting participation had lower rates of detecting COVID-19 two to three weeks after the election."

Yes, these decisions matter. Lives hang in the balance. No matter the Jedi Mind Trick Trump was hoping to pull off when he recently declared: "We're opening up; the states are opening up. It's a transition to greatness!" Perhaps "greatness" is now just another word for mass murder.

Finally today, a bit of email from a listener in the Badger State who now regards it as "Wississippi," and Desi Doyen joins us for our latest Green News Report, with ongoing climate disasters --- yes, our climate crisis continues even as the coronavirus has temporarily cleared the air a bit --- from the state of Michigan to the Bay of Bengal...

Download MP3 or listen to complete show online below...

P.S. By the way, we are ducking out early for some much needed Memorial Day weekend down time. Yes, my brain actually hurts each day these days. Hopefully a few days off will help. See ya on the other side! Stay safe and healthy until then!

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Trump fires another IG, this one investigating Pompeo; Amash declines to run for Prez; MO allows absentee voting for all (sort of); CA relaxes reopen rules; Anti-lockdown protester threatens journo; Callers ring in...
By Brad Friedman on 5/18/2020 6:20pm PT  

It's a race to stupid. And we're all winning! Or losing. Depends on how you choose to look at, apparently. [Audio link to full show is posted below summary.]

Among the stories covered on today's BradCast...

  • The stock market soars on the barest of evidence that a vaccine could be on the way. Eventually. But irrational exuberance is...well...irrational;
  • Trump fired the State Department Inspector General on Friday night. It was the fourth independent executive agency watchdog that Trump has axed over the past six weeks as he continues to dismantle all governmental oversight of the Executive Branch and what is virtually the last firewall against corruption by the most corrupt Administration in the history of the nation. In this case, the firing seems to have been carried out unlawfully by the President at the request of Sec. of State Mike Pompeo who is under investigation by the IG for forcing agency personnel to run personal errands for him and his wife, as well as for his part in funneling some $8 billion in arms sales to Saudi Arabia under the guise of Trump's phony "Emergency Declaration". The sales are in contradiction to a bipartisan vote by Congress last year, specifically denying the appropriation;
  • Former Republican Rep. Justin Amash of Michigan decided over the weekend that he will not run for President on the Libertarian Party ticket after all;
  • In Missouri, under pressure from an ACLU lawsuit, the GOP-dominated state legislature passed a law on Friday allowing all registered voters to vote with an absentee ballot if they so choose. That's good. However, those who are not either ill or at "high risk of serious complications from COVID-19" must still have their ballot verified by a Notary Public before it may be sent or counted. So, yeah, voters will still be forced to put themselves at risk in order to vote in the Show-Me state this November;
  • And in Long Island, New York, anti-lockdown protesters threatened a journalist reporting on their protests by running at him without masks on. "No," one of the jackasses is seen saying as he charges the reporter, "I got hydroxychloroquine! I'm fine!";
  • We then open the phones to listeners to ring in on all of the above as well as on an interesting question the BBC posed to its audience over the weekend: "If you could go back to the start of the year and give yourself some pre-lockdown advice, knowing what was about to happen, what advice would that be?". Tune in for the answers!...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Burr gets served; Barr gets blowback; Flynn gets a new 'prosecutor'; Trump gets overturned; Also: American Prospect's David Dayen on coronavirus economics and what Congress is (and isn't) doing about it...
By Brad Friedman on 5/14/2020 7:01pm PT  

It's another one of those days on The BradCast when we've got more news than we can adequately handle. On the upside, much of it is actually encouraging news for a happy change! At least for those of us who have yet to give up on the idea of accountability for corrupt, very very bad people. [Audio link to full show is posted below.]

Among the news covered on today's program...

  • The FBI served a warrant on Sen. Richard Burr (R-NC) Wednesday night, seizing his cell phone as part of an investigation into a huge number of stocks he unloaded on a single day before the stock market crashed on bad coronavirus news which he received early as the Chair of the powerful Senate Intelligence Committee and a member of the Committee overseeing health care issues. On Thursday, amid what appears to be a very serious scandal, Burr "temporarily" stepped down as head of the bipartisan Intel Committee. But there may be much more behind this otherwise seemingly good news of a Republican Senator actually being held accountable for something. We discuss;
  • The federal judge overseeing the case against Donald Trump's first National Security Advisor Michael Flynn is not taking the DoJ's unprecedented recent motion to dismiss all charges against him at face value. Flynn, who twice pleaded guilty to lying to FBI officials about his contacts with Russians before Trump's inauguration and about secretly serving as a Turkish agent even while serving as National Security Advisor in the White House may not yet be off the hook. That, even after Trump's corrupt AG/fixer Bill Barr is attempting to toss two years of DoJ prosecution, without the approval of the actual DoJ career prosecutors, in hopes of keeping Trump's pal out of jail. The federal judge on the case has appointed a bulldog former prosecutor and federal judge to argue against the DoJ's new position after Barr merged it with that of Flynn's Defense team. Judge Emmet Sullivan has also asked the newly retained Judge John Gleeson to investigate whether Flynn committed perjury by lying to the court when he twice admitted lying to federal officials;
  • Still more encouraging accountability news came out of a federal appeals court in Virginia today, with the Fourth Circuit reversing a ruling from a three-judge panel (of Republican-appointed judges) last year. The full en banc panel held, in a 9 to 6 ruling, that the smaller group of judges had wrongly dismissed a Constitutional Emoluments Clause lawsuit filed against Trump. The complaint was brought by the Attorneys General of Maryland and D.C., arguing that Trump's hotel in the nation's capital --- now a favorite spot of world diplomats and others seeking favor from the Administration --- violates the Constitutional prohibition against President's receiving "any present, emolument, office or title of any kind whatever from any king, prince, or foreign state" or any state in the U.S. Naturally, the DoJ is now vowing to appeal to the Republicans' stolen U.S. Supreme Court;

From all of that (potentially) encouraging accountability news, we move on to....the economy and DAVID DAYEN of The American Prospect. First, new jobless numbers from the Labor Department once again highlight the crushing toll that the COVID-19 crisis is taking on the nation's economy, with nearly 3 million having filed for unemployment last week. We have now seen two straight months of unprecedented new weekly jobless claims from 3 to 6.5 million each and every week. The previous weekly record, before this crisis, was less than one million. The official unemployment rate soared to 14.7% in April, the highest since the Great Depression, after more than 20 million jobs --- a decade's worth or job growth --- simply vanished over the past two months. Economist believe the actual unemployment rate, including those not currently looking for work or who are still unable to access overburdened state facilities to apply for unemployment --- is closer to 24%. At the same time, a new Kaiser Family Foundation report estimates that 27 million Americans have lost their employer-based health insurance due to the crisis, and Fed Chair Jerome Powell is calling for much more money to be appropriated by Congress to "avoid long-term economic damage". That, even after Congress already appropriated a record $2 trillion in stimulus and relief packages and the Fed itself has committed nearly $4 trillion to shore up companies and, in theory, the economy.

Dayen, an author and investigative financial journalist, has been documenting the stumbling Congressional responses to the crisis in his daily "Unsanitized" column and newsletter, and explains how the massive unemployment numbers we are now seeing was largely by Congressional design. He also details the state of play today for the next Congressional relief package, including a mini uprising from progressives on Nancy Pelosi's Democratic side in the House and the complete inaction on the Republican side from Mitch McConnell in the Senate and Trump in the White House. Dayen details the "laundry list of ideas" included in Pelosi's $3 trilion Heroes Act, which may come up for a vote on Friday in the House, though is unlikely to get much further as is, and a disturbing provision in the measure that would actually serve as a bailout for lobbyists and dark money groups. We debate whether that would be a good or bad idea and exactly why. (David calls it "insane", I'm not quite as certain...)

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Guest: American Prospect's David Dayen on the failure of coronavirus relief measures and 'Great Depression II'...
By Brad Friedman on 4/9/2020 6:25pm PT  

On today's BradCast: Don't believe a word you are being told by the Administration or Wall Street. Actual facts and data suggest its almost entirely all bullshit. [Audio link to show follows below.]

The economic outlook in the U.S. continues to quickly degrade in light of the coronavirus pandemic, with another record 6.6 million applying for unemployment benefits last week. That brings the total number of jobless claims to an unheard of 17 million or so in the past three weeks alone, with millions more unable to even apply for benefits due to still-overloaded websites and continuously busy phone lines at states across the country. The all-time weekly record for jobless claims, until three weeks ago, was 695,000. Over the past three weeks it has been 3.2 million, followed by 6.6 million, followed again by another 6.6 million.

The numbers are stultifying. For example, that 17 million figure is more than the total number of jobs added since 2013; far more than the total number of jobs in the 20 smallest U.S. states combined; and far more than every single job in the state of Texas, which has the 2nd largest state workforce in the country. The unemployment rate, believed to now be at least 12%, goes far beyond the worst days of the Great Recession and are now in Great Depression territory, with some independent economists refering to what we are now looking at as "Great Depression II". (Check out the two gobsmacking charts in WaPo's coverage today.)

And, yet, despite those data, and still climbing coronavirus cases and deaths, we are getting a whole lot of happy talk from the Administration. And not just from our desperate, pathetic Liar-in-Chief, from whom we'd expect it, but from folks like Treasury Secretary Steven Mnuchin, who absurdly suggested today on CNBC that America "could be open for business" by May! Donald Trump's Federal Reserve Chairman Jerome Powell assured the Brookings Institution that the "strong economic footing" before the COVID-19 crisis will support a "robust" recovery, as if we could expect one any day now! All of which was enough to continue the recent Wall Street rally that resulted in the biggest weekly jump in the S&P 500 since 1974!

Everything must be going great! But, of course, it isn't. At least not back here in Realityville, where the "irrational exuberance" (as long-ago Fed Chair Alan Greenspan once described it) of the Administration and Wall Street is nowhere near seeing its way to Main Street. That, even though the Fed announced $2.3 trillion in new funding schemes --- creating money out of nowhere (no Congress needed, thanks!) --- in hopes of offsetting the impact of the pandemic on the economy. The Fed initiative includes something they are calling the "Main Street Lending Program" to shovel money to "Main Street" companies with up to 10,000 workers and less than $2.5 billion in revenue. Ya know, like most of those business on your friendly local "Main Street".

At the same time, none of the promised, measly $1,200 checks for individuals from the $2.2 trillion CARES Act have made their way to Americans yet (Mnuchin says "next week!"), and the $350 billion Paycheck Protection Program (PPP) from the same emergency relief package adopted by Congress two weeks ago is still said to be mired in bureaucratic red tape at the commercial banks tapped to hand out the money (and take a cut in the bargain). There is little if any money actually getting to people and small businesses that need it most at the moment, even as Congress was bickering again on Thursday about adding another $250 billion to the program which will still be woefully underfunded even then.

But, somehow, Wall Street and the Administration are sending the message that all will be well, with America "back in business" as early as May! Don't count on it.

Investigative financial journalist DAVID DAYEN, Executive Editor of The American Prospect and author of its daily and indispensable "Unsanitized" report (which warned about all of these matters before they happened today and were only then picked up by the corporate mainstream media) joins us again to help unpack the details on all of the above, more related failures, and a few that we should be expecting in the days ahead, as the dire situation gets worse and the irrational exuberance and happy talk from D.C. and Wall Street continues impotently.

"John Edwards used to talk about the 'Two Americas'," Dayen notes. "Those two sets of statistics couldn't be starker about the Two Americas. Investors are letting the good times roll, while ordinary Americans are losing their jobs in numbers with a speed that we have never seen before."

"The difference between 2008 and today is that, in 2008, the institutions that were getting this largess were largely responsible for the downturn, whereas these businesses pretty much aren't responsible for the coronavirus. When you look at the proportionality of the response --- when you look at the neighborhood pizza shop or the neighborhood dry cleaner, and what they have to go through to survive in this Second Depression --- and you look at a 'main street' business with 10,000 workers, or the airlines, or some other large businesses, the velvet rope service they are getting, it is obviously very disproportional," he tells me.

"So let's not say nobody has been helped. We sped relief where we could, to the people who this bill was for, and that's investors on Wall Street."

Finally today, we're joined by Desi Doyen with the latest Green News Report, with some actual good news --- even if it is paired, as usual, with her usual dose of much less than good news...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Guest: David Dayen of The American Prospect; Also: Callers!...
By Brad Friedman on 4/6/2020 6:47pm PT  

It was an action-packed BradCast today, though not in a good way, unfortunately, thanks to Republicans and their state Supreme Court majority in Wisconsin. [Audio link to full show is posted below.]

First up, as we've been telling you for weeks, there is absolutely no plan at the federal level for dealing with the coronavirus pandemic --- on either a medical level or an economic level --- even months after the Trump Administration first learned about it. The $2.2 trillion so-called Coronavirus Aid, Relief and Economic Security (CARES) Act, hastily adopted by Congress and signed by the President just over a week ago is a mess.

Individual checks for $1,200 may take months to get to many Americans (if they get them at all) and the process for doling out $350 billion allocated by the measure towards immediate relief for small businesses via forgivable loans is even more of a disaster out of the gate. Banks, serving as middlemen, are not set up for the onslaught of applications that began on Friday, with many applicants being turned away entirely by the largest banks, and with nowhere near enough money included in the pool to serve the 30 million companies considered eligible small businesses. Our guest today suggests that no more than 5% of businesses who need help under the CARES Act's Paycheck Protection Program (PPP) are likely to receive the immediately needed loans before the funding runs out.

Moreover, there is still no nationalized plan by the Trump Administration to ensure that states have all of the basic equipment they need --- from masks, gloves and gowns to ventilators and test kits --- as supply chains have become an all out "Wild West show, with middlemen and drop points and plane rescues," according to our guest DAVID DAYEN, financial investigative journalist and Executive Editor of The American Prospect. He is now producing his indispensable "Unsanitized: Covid-19 Daily Report" column and newsletter at The Prospect.

He reports that it is not only states competing with other states and the federal government for critical life-saving equipment, but that the federal government (FEMA) is also competing with the federal government (the Strategic National Stockpile or SNS), bidding up the same gear! All of this as U.S. deaths officially attributed to COVID-19 blew past the 10,000 mark on Monday, with a week ahead that could include a "9/11 attack worth of Americans" dying, day after day, for 10 days in a row beginning in the next few days, according to one of the more conservative data projections.

Dayen offers detail on much of the above and the problem that many Americans are also now facing in their attempts to file for bankruptcy protection --- at a time that many desperately need to do so --- with courthouses shutdown around the country, and only those lucky enough to be able to afford an attorney able to file electronically.

As CNN's Jake Tapper made clear on Sunday: there is no plan for any of this. It is a disaster that is likely to continue for months (at least) with no competent officials leading the way at the federal level, and absolutely no ultimate plan to help us get out, eventually, from under what is likely to be as bad or worse than the Great Depression. That, despite the "irrational exuberance" exhibited today by a Wall Street that seems to be in utter denial.

Then, where we had hoped when today's show began to bring you the long overdue good news that Wisconsin's Democratic Governor Tony Evers finally did the right thing on Monday morning by issuing an Executive Order to postpone tomorrow's Presidential Primary, state Supreme Court election and municipal races until June 9, we were forced to change course mid-show after the state's Rightwing Supremes blocked Evers' order along a 4 to 2 party line vote.

Therefore, unless something changes, where Badger State voters can find an open polling place tomorrow (scores of municipalities found zero poll workers willing to face death to man the polls, and Milwaukee's usual 180 polling sites are being reduced to just 5!), voters will have to risk their lives to cast a vote in person on Tuesday. After Republicans had their way with the state Supremes, they have also filed with the U.S. Supreme Court to overturn an order by a federal judge last week that allowed 6 extra days for voters to turn in absentee ballots, many of which have not yet even arrived to voters on the day before the Election (when they would otherwise be due.) After air time, it appears that the stolen Republican Majority on SCOTUS has also decided with their GOP brethren in WI, and voted along party lines to overturn the federal judge's extension of the deadline for absentee ballots. Tens of thousands will be disenfranchised in the bargain.

It is a chaotic mess and electoral disaster. But, more to the point, it is a DEADLY disaster in the making, with Republicans in the state all too happy to condemn voters to potential death because they think more Democrats will be affected and possibly killed, and they hope that their incumbent Republican state Supreme Court Justice, who is on the ballot on Tuesday, will prevail under these conditions. It is appalling and Americans should get ready for much more of this in the months ahead, with more than 20 states still to cast their postponed primary votes, and all 50 states preparing to figure out how to run an election during a deadly pandemic this November. One of the two major parties has made clear that they are more than happy to place their retention of political power over the lives of actual American citizens.

Finally, today, we open up the phones to allow a few callers from the coronaverse to ring in....

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Guest: Former health insurance exec Richard 'RJ' Eskow; Also: Depth of unprecedented crisis slowly coming to light despite 'World of Pure Imagination' from White House to Wall Street...
By Brad Friedman on 4/1/2020 6:31pm PT  

On today's BradCast: We are finally beginning to hear, at least from some in the media, about the unprecedented and nearly inconceivable depth of the crisis that coronavirus will wreak on both the lives of Americans and the U.S./world economy. But, for the moment, it's already wreaking havoc on the Presidential Primary election astonishingly still scheduled for this Tuesday in Wisconsin! And, in not unrelated news, employee health care plans, so zealously guarded during the peak of the Democratic Presidential Primary earlier this year, may have actually helped make the pandemic worse than it needed to be in the U.S. [Audio link to full show is posted at bottom of article.]

First up, Florida's mini-Trump Governor Ron DeSantis finally gave up the Fox "News" denial ghost on Wednesday and issued a statewide Stay-at-Home order for the Sunshine State. How many lives might have otherwise have been saved had he acted sooner, as health experts had been long imploring, remains to be seen.

But it's not only Republican Governors who appear in denial about the issue. Wisconsin's Democratic Gov. Tony Evers, while responsibly issuing a statewide Stay-at-Home order on March 24, has nonetheless been supportive of the state holding its Presidential Primary, statewide Supreme Court election and municipal contests as scheduled NEXT TUESDAY, on April 7, in the middle of a global pandemic! (Not to mention amid his own Stay-at-Home order!) While Evers says that only the Republican-majority legislature has the legal authority to postpone it or mandate an all-mail election, state GOPers have agreed with the Governor's plan to move forward as scheduled. The result is already catastrophic.

There is a massive shortage of poll workers across the state, with more than 100 communities having no poll workers at all as of yesterday, with an overall shortage of some 7,000 workers in 60% of the state's municipalities. Evers has now called in the National Guard to work the polls, but it appears to be too little too late. The matter now comes down to the decision of a federal judge as to whether to postpone or not, as the Wisconsin Election Commission argues that large numbers of absentee ballots may never arrive in time for voters, and might never be counted at all, due to a simultaneous deluge of incoming absentee ballots that officials appear wildly unprepared to handle.

I only hope that the more than twenty states which have postponed their primaries (somewhat optimistically) to May or June are taking note of the ongoing meltdown in the Badger State, and that all 50 states get to work NOW to figure out how to safely, transparently and accurately manage the likely need for Vote-by-Mail elections across the nation for the never-more-critical Presidential election on November 3rd.

As we have been trying to underscore in recent days, the effect of the novel coronavirus is likely to be far more extensive --- both medically and economically --- than almost anybody has been discussing out loud, especially our national leaders and the media. Donald Trump and his White House have, of course, been in criminally obscene denial from the jump, but members of Congress and even presumptive Democratic Presidential Nominee Joe Biden have not been much better at telling the truth to the American people about how deeply devastating this crisis is going to be to the economy and how long it is likely to continue.

Today, the New York Times finally began doing so, a bit, in two different articles. One from Jim Tankersley reveals that top White House economists on the National Security Counsel warned about exactly this scenario in a study published last September, long before Trump and his public-facing economic team repeatedly lied to the media about the virus being under control and no threat to the economy. The other Times piece, from reporter Peter Goodman, details how the economic downturn is likely to continue "into next year, and even beyond" and why the almost certainly lengthy "abrupt halt of commercial activity threatens to impose economic pain" that could take years to recover from in what is shaping up to be "a financial crisis of cataclysmic proportions". One result, according to a recent analysis by the St. Louis Fed, is that as many as 47 million Americans could find themselves unemployed soon. (That amounts to an approximately 32% jobless rate, compared to 25% during the Great Depression and 10% in the 2008 Great Recession.)

So, how are those employer-based health care plans looking right about now for millions of Americans who have already or are about to lose both their jobs AND their health care insurance? At the height of the still-ongoing Democratic Primary, the case was made by candidates like Joe Biden and Pete Buttigeig and Amy Klobuchar that such plans were just too good for Americans to give up in favor of a single-payer, government-funded, cradle-to-grave, Medical-for-All type plan, like that proposed by Bernie Sanders and Elizabeth Warren. But our guest today, former healthcare insurance executive turned political columnist and host of The Zero Hour, RICHARD 'RJ' ESKOW, argues at The American Prospect that the structure of many of those employer-based plans --- and the way most such coverage has been structured since the 1980s in the U.S. --- may have resulted in the pandemic's spread being worse than it might otherwise have been in this country, were it not for "a plot twist worthy of H.G. Wells".

Eskow explains how the timing of the viral spread in the U.S. --- at the beginning of the year, instead of year's end, after costly deductibles may have already been covered by many --- might have prevented thousands from seeking care earlier.

"You have 70%, according to polls, of Americans saying they don't have $1000 on hand for an emergency, and you have deductibles on average that are higher than that," he says. "Most people don't meet their deductibles in the first quarter of the year. The pandemic struck in the first quarter of the year. They literally have to pay 100% out-of-pocket at this point. Maybe they'll get reimbursed someday, but remember, they don't have the cash on hand. So we have a situation where people almost certainly are not getting checked out as quickly as they should be, which is promoting the spread of the disease and worsening the progression of the disease for people who have it."

He also details how the cost-sharing structures of most "health benefit plans" --- requiring co-pays, deductibles, premiums and other out-of-pocket "cost sharing" expenses, as implemented by employers and health insurance companies to actually discourage care-seeking ("skin in the game", as many have referred to the concept over recent decades) --- has further helped to unnecessarily worsen the crisis in a way that a Medicare-for-All styled system might have helped to avoid.

Eskow, who served as a Senior Writer and Editor for Sanders' 2016 Presidential campaign, also discusses what effect, if any, all of this may be having on the Vermont Senator's insistence on remaining in the race until a nominee is officially chosen, somehow, at some version of a Democratic National Convention this year...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Guest: Financial journalist David Dayen on 'Phase III' stimulus/bailout, Trump's deadly lies; Also: India's total lockdown; NY screams for help; Dems unite against $500B White House bailout 'slush fund' scheme...
By Brad Friedman on 3/24/2020 6:32pm PT  

As Congress fights over its promised $2 trillion "Phase III" relief bill in response to the coronavirus pandemic, we've got some dumb questions for our guest about it all on today's BradCast.

But first, some of the latest news from around the world and the nation. India announced a 21-day lockdown for all residents, including "a total ban on venturing out" of the house, according to President Narendra Modi on Tuesday. That lockdown for all of India's 1.3 billion citizens, in a nation with three of the world's 10 most densely populated cities, comes after just 469 identified cases of COVID-19 and 10 deaths there.

That is by way of contrast with New York, where its "only" 20 million residents are now facing more than 25,000 reported cases and at least 157 deaths, as the number of cases is now reportedly doubling every three days. The most infections are in New York City, which does not even make the list of the world's 10 mostly densely populated cities. The state's Gov. Andrew Cuomo on Tuesday is expressing growing frustration with the federal government, after they received just 400 ventilators in New York City, despite a need for as many as 30,000. They also estimate that as many as 140,000 hospital bed will be needed for virus patients, while only 53,000 are currently available. The state, the Governor says, has not "flattened the curve," which he describes as "actually increasing" despite the statewide stay-at-home order issued late last week.

At the same time, Donald Trump is attacking Cuomo for some reason or another, while lying about GM, Ford and Tesla "right now" making ventilators "FAST!". They are not and likely will not be doing so for a number of weeks or even months at earliest.

Nonetheless, on Tuesday, Trump suggested that by Easter (April 12), he hopes to roll back the current White House recommendations for social distancing in order to try and save the economy --- apparently no matter how many Americans he helps kill in the bargain. And it could be millions dead if he follows up with the action that he and Fox "News" have been suggesting and threatening of late, while the President of the United States continues to misleadingly argue that "we can't let the cure be worse than the problem." The "problem" for Trump, in this case, is not dead Americans. It's a tanking economy that he fears may harm his reelection chances.

But while Trump is busy lying and misleading in televised briefings and Fox interviews, Republicans and Democrats in Congress are trying to pass a record $2 trillion emergency relief package and claim they are close to reaching an agreement. That, after House Speaker Nancy Pelosi and House Democrats, frustrated with GOP intransigence on the Senate side on Monday night, released their own 1,400 page proposal called "The Take Responsibility for Workers & Families Act" which would pump hundreds of billions toward hospitals, health care workers and emergency medical coverage while expanding unemployment insurance, medicaid, food assistance programs, offering $500 billion in loans and grants to small businesses, help on some student loan debt, and immediate cash assistance to everyone in America.

We're joined today by The American Prospect's Executive Editor, longtime financial journalist DAVID DAYEN to explain the proposed bills and answer several "dumb questions" of mine about how the bailout programs might be structured to actually ensure help to individual Americans rather than corporate interests. One is my question about his thoughts on my own bipartisan stimulus proposal for a bailout that would let corporations keep the huge tax cuts they received in 2017 (stimulus that many of them have squandered) in exchange for the same amount of direct cash payments to individuals now and in the future, until such time as both can be stopped when the emergency is over.

Another question is whether all rent and mortgages can simply be paused until the crisis is over. Dayen tells me that is called "forbearance" and a version of it was actually included in the proposal Pelosi introduced last night. Whether it will remain in the Senate bill, of course, remains to be seen.

Dayen, who wrote an award-winning book on the 2008 financial meltdown, also offers a likely explanation for Trump's threatened plan to try and re-open the country for business after Easter, and whether the economic damage wrought by the current pandemic is likely to be even worse than the 2008 mortgage disaster.

Also, the two excellent recent stories by David at The Prospect that I quickly referenced on today's show:

  • "Mind the Trust Gap" - The story of scarce face masks during a pandemic points to a greater failing: Government has placed corporate greed above the public good.
  • "An Iowa-Style Voting Disaster in Los Angeles": A new voting system led to a debacle on Super Tuesday in the City of Angels. With similar machines in critical states like Georgia, election experts are raising alarm. (As noted, I am liberally quoted throughout that one, but it is an excellent piece anyway!)

Finally, Desi Doyen joins us for the latest Green News Report in these grim times, with a few more "bright" lessons we can take from the coronavirus fallout around the globe, several ongoing and pending climate crisis-related disasters in African and the U.S. Midwest, and California's largest utility company pleading guilty to 84 counts of involuntary manslaughter. (Told ya these were grim times!)

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Coronavirus, lack of leadership, wreak dangerous havoc on country and economy amid most important Presidential election in nation's history...
By Brad Friedman on 3/16/2020 5:57pm PT  

To quote Donald Trump when he thought the cameras had stopped rolling after his disastrous Oval Office address last week: "Oooookaaay...." So, we are now living in a new world. For the time being. Millions are being instructed to stay home from work. Markets are tanking. Major states and cities are shutting down schools, restaurants, bars, clubs, theaters and casinos. Some are instituting full "stay at home" lock-down orders. And Congress is scrambling to pass emergency legislation to try and help displaced workers and families as the coronavirus crisis threatens to shut down the nation entirely for weeks, months or longer. All of this amidst a Presidential election under the most dangerously inept and dishonest Administration in the history of the nation.

On today's BradCast, we try to get you caught up with the unfolding, bizarre and disorienting mess that we are all going through together in hopes of "flattening the curve" of the rate of infections to try and ensure that the U.S. hospital system doesn't become overwhelmed with patients. Like you, we have no idea how this is supposed to work, but we're all working through it together, even as Trump literally told the nation's Governors today they are on their own in coming up with enough respirators and other medical equipment to keep their residents alive, and as he continues to lie to the country about the availability of testing and eventual arrival date of a vaccine (which is most likely more than a year from now, even as a single live test began today).

And, speaking of that Presidential election, states --- particularly those which are touchscreen-voting heavy, like Louisiana, Georgia and Ohio --- are beginning to announce postponements of their primary elections. Ohio's Governor has attempted to do so before tomorrow's planned election that was to be held along with Florida, Illinois and Arizona. But a state judge, late today (minutes ago, justt after we got off air) has now blocked the Republican Ohio Governor's attempt to postpone. So, full-on chaos for a change in the Buckeye State tonight. The other three big states (at least at this hour) are planning to go through with their own elections tomorrow, even as polling sites at senior citizen centers are requiring last-minute relocation and frequently-elderly poll workers are (justifiably) calling in to cancel.

Other states, such as New York are considering postponement, while Maryland considers moving to all-Vote-by-Mail primaries. More than a dozen states, such as Texas, do not even currently offer no-excuse absentee voting. That needs to change. [CORRECTION: I had initially cited Pennsylvania as one of those states that do not allow no-excuse absentee voting. In fact, no-excuse absentee voting was instituted late last year as part of a package of election reforms in the Keystone State. My apologies for the error!]

We cover all of that AND wave very briefly at Sunday's Presidential Debate (which we hope to revisit in a bit more detail soon - but we'll see) before opening the phones to check in with callers today, including one from Minneapolis who describes the situation there as dire, others from Southern California who wonder where the head of the CDC has disappeared to, and another who questions both the threat and infection numbers currently being reported. All of that and way too much more on today's BradCast...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Prime-time Oval Office speech goes disastrously, markets plunge, almost all gains under Trump wiped out, major league seasons called off, Biden and Sanders step up, even as critical elections threatened by virus...
By Brad Friedman on 3/12/2020 6:43pm PT  

On today's BradCast: Donald Trump's error-laden prime-time speech to the nation from the Oval Office on Wednesday night did little to ease the nation's anxieties over the coronavirus pandemic. In fact, it appears to have made things much worse in a number of ways.

The Dow Futures market plummeted as his remarks began, with the DJI closing down more than 2,300 points on Thursday. In all, after hitting a record high just weeks ago, the markets have lost nearly 90% of the gains they've seen since Trump took office in January of 2017. One more day like this and all of those gains will be lost. So much for "rocket fuel to the economy".

Fortunes on Wall Street, however, may be the least of the country's problems right now. Trump's announcement on Wednesday night called for a travel ban from all European countries other than the United Kingdom (for reasons that no one seems able to explain) and for the payroll tax cut he's been seeking for months (long before the virus), which few experts believe will be much help amidst this worsening epidemic. Moreover, no sooner did Trump finish his teleprompter remarks than the White House had to begin issuing corrections to them. No, trade and cargo would not actually be banned from Europe, as Trump claimed, and the health insurance industry didn't actually agree to offer free coronavirus treatments to all as the Liar-in-Chief claimed Wednesday night.

Europe was blindsided by the announcement, and it was left to Democratic Presidential candidates Joe Biden and Bernie Sanders to try and calm an anxious nation today with their own speeches addressing the crisis as Trump continues to refuse to declare a national emergency because it would reveal he had lied about the epidemic for weeks. (And apparently he needs to get Jared's permission first.)

The NBA, NHL and Major League Baseball all announced they are suspending their seasons, the NCAA cancelled their March Madness tournaments, Disneyland will be closing their doors, and Tom Hanks announced that he and his wife Rita Wilson have both contracted COVID-19, the disease caused by the virus.

But what about the upcoming primary and general elections? Are we really going to continue asking voters to stand in long lines with hundreds of people to vote on potentially virus-infected touchscreen voting systems? As it turns out, hand-marked paper ballots still moist from hand-sanitizer also caused problems this week in New Hampshire's municipal elections, jamming optical-scan tabulators at precincts.

The U.S. Vote Foundation, led by former GOP Chair Michael Steele, is now calling on Congress to immediately pass legislation requiring every state in the union to allow no-excuse absentee/Vote-by-Mail ballots for all voters. And while I am no fan of Vote-by-Mail usually (other than in jurisdiction where voters are forced to vote on touchscreen voting systems at the polls), it's looking more and more like we are all going to be voting via VBM this year if the virus continues on its current trajectory.

We cover all of that and much more on today's show, before ending on a "lighter note"...with Desi Doyen and our latest Green News Report (which, believe it or not, actually has a quite a bit of welcome good news today...at least once we get past the coronavirus part of it anyway.)

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Republican Senate votes to block document, witness subpoenas as White House offers remarkably hypocritical defense...
By Brad Friedman on 1/21/2020 6:10pm PT  

"Can I get a witness?" That appears to be the big question, at the moment, for Democrats in the historic U.S. Senate Impeachment Trial of President Donald John Trump. On today's BradCast, we offer special coverage of the beginning of the trial, which, at least for today, is turning out to be a trial about whether there will be a real trial or not, with evidence, documents and witnesses, as Republican Majority Leader Mitch McConnell and his caucus seem prepared to do everything in their power to ensure there will not be such an actual trial. [Audio link to show is posted below.]

Before we get to today's action in the Senate, we bring you up to date on the holiday weekend's pre-trial briefs presented by the Democratic U.S. House Managers, who are serving as prosecutors for Trump's two Articles of Impeachment on Abuse of Power and Obstruction of Congress, and the brief responses filed by the White House defense team.

Newly added to to Trump's legal team is hypocritical TV attorney Alan Dershowitz, who spent his weekend arguing on the Sunday news shows that the Articles were invalid because they did not include a specific crime. "You need proof of an actual crime," he argued. That, by way of contrast with Alan Dershowitz in 1998 during the Bill Clinton impeachment when he argued, literally, "it certainly doesn't have to be a crime" that qualifies a President for impeachment.

Trump's 6-page response to the Impeachment Managers 111-page brief describes the Impeachment as a "brazen and unlawful attempt to overturn the results of the 2016 election and interfere with the 2020 election" (which is what he is actually accused of doing in the Articles for which he is being impeached), and as "nothing more than a dangerous attack on the American people themselves and their fundamental right to vote." That's right. Donald Trump is now pretending to be concerned with the "fundamental right to vote." That, in the middle of an impeachment trial where he is accused of attempting to cheat in his 2020 reelection contest by withholding hundreds of millions of dollars in Congressionally-allocated military aid for war-torn Ukraine in hopes of forcing them to create dirt he can use against Joe Biden and other Democrats.

Tuesday's opening agenda was on the adoption of McConnell's proposed rules for the trial that would postpone votes on whether to include witnesses and documents previously blocked by the White House during the House's initial impeachment inquiry (the basis of Article 2's Obstruction of Congress charges) and even evidence gathered during the House Inquiry itself. Under McConnell's resolution, both sides would spend days in opening statements, and then take as many as 16 hours of written questions from Senators before they even vote on whether to allow witnesses or not. Legal observers have noted that is the opposite of how actual trials are carried out.

We share audio from today's terse opening statement by White House Counsel Pat Cipollone, followed by an extended excerpt from lead House Manager Adam Schiff on the unprecedented attempt to exclude all witnesses and documents from a Senate impeachment. No trial in the upper chamber of Congress has lacked witnesses since the founding of our nation.

As we went to air for today's BradCast (and as we write tonight), all Democratic amendments to McConnell's resolution, attempting to subpoena documents from the White House, the State Dept. and elsewhere, and for witness testimony, have been rejected along strict party line votes with all 53 Republicans voting to table the amendments, and all 47 Democrats voting to move forward with the subpoenas.

Also today, a few quick points of news elsewhere regarding the public fight to stop the controversial certification of new, 100% unverifiable touchscreen voting systems in Los Angeles County and the massive gun rights demonstration (over nothing) held on the Martin Luther King Day holiday in Virginia.

Finally, Desi Doyen joins us for the latest Green News Report, with exceedingly disturbing news about ocean warming, slightly more encouraging news about Wall Street beginning to wake up to worries about our climate crisis, and a big loss (for now) in the federal climate change lawsuit filed by a group of kids in California...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)




Guest: Susan Harley of Public Citizen; Also: CA Guv halts death penalty; Manafort sentenced to 7 years, charged in NY; GND already paying off...
By Brad Friedman on 3/13/2019 6:48pm PT  

On today's BradCast: Democrats propose a new tax on Wall Street traders that could both put the brakes on market volatility that threatens the investments of average Americans, while raising billions of much needed dollars for the federal government. [Audio link to show follows below.]

But first, some good news for the nation out of California. Newly elected Democratic Governor Gavin Newsom has now signed an executive order placing a moratorium on the state-sanctioned killing of some 737 individuals on the state's death row. Describing the death penalty as "discriminatory" and a "failure" that has resulted in the deaths of "wrongly convicted" people proven innocent, while costing the state billions of dollars, the Governor has now blocked the barbaric planned executions of about one quarter of those slated to be killed by governments across the nation.

"It’s a very emotional place that I stand," Newsom said at a presser today, "This is about who I am as a human being, this is about what I can or cannot do. To me this is the right thing to do." As we discuss, it's not the first time that Newsom, as a public official, has placed doing the right moral thing over what may or may not be politically popular, at the moment, among the electorate.

Back in Washington D.C., Donald Trump's former campaign chairman Paul Manafort was sentenced to an additional 73 months for criminal conspiracy fraud and witness tampering on Wednesday. Some of those months will be served concurrently with the 47 months he was sentenced to last week in a Virginia federal court related to undisclosed lobbying for a pro-Russia political party in Ukraine. With the partially concurrent sentencing, the 69-year old Manafort now faces nearly seven years in prison.

While none of the 20 or so federal counts in two different courts that Manafort was found guilty of had charged "collusion" with Russia for interference in the 2016 election, his attorney and Donald Trump used the occasion once again to lie about that fact to the American public today. But just minutes after today's new sentencing, Manhattan's District Attorney announced 16 new indictments against Manafort in state court related to mortgage fraud and more than a dozen other crimes for which, if found guilty, the President would be unable to pardon him. Trump's pardon power extends only to federal, not state crimes.

As the madness surrounding our criminal Presidency continues, Democrats in Congress are pushing ahead with a number of progressive policy proposals in advance of 2020 to hopefully help pull the nation out of its current self-imposed morass and rebalance some of the worsening inequities between the wealthy, the poor and the middle class. Senator Brian Schatz (D-HI) and Congressman Pete DeFazio (D-OR) have now introduced new legislation that would create a very small, 0.1%, Financial Transaction Tax (FTT) on every stock market transaction. The bill [PDF] --- which already has a number of Democratic cosponsors in the House and Senate, including among Presidential hopefuls --- is estimated to raise as much as $800 billion in much-needed revenue for federal coffers over ten years. As importantly, the measure is designed to ease market volatility by curbing the legalized skimming that takes place by high volume computer traders who purchase trades from normal investors and sell them back to the investors at a higher rate, all within a fraction of a second.

The legislation is supported by some 60 non-partisan good government organizations, including Public Citizen. Attorney SUSAN HARLEY, Deputy Director of the group's Congress Watch division, joins us today to explain this new move toward an FTT that would cost traders one-tenth of a cent per dollar traded. That's $1 for every thousand invested or, as Harley explains, "Ten cents out of every 100 dollars traded. That's why we like to talk about it as rebuilding Main Street on Wall Street's dime."

"We do pay taxes on all of our purchases," she tells me. "so Wall Street should be doing the same as far as these stocks trades, bond trades, and derivative trades. It absolutely is about fairness, about making sure Wall Street is paying back the US because we did bail them out for the financial crash."

She details how the proposal is ultimately a very progressive tax, even as it's very small, because it would largely fall on the wealthy. "We've really got to re-balance our tax code, and unrigging our economy starts with making Wall Street pay its fair share. The top 1% of society owns two thirds of all financial securities."

"We did research on existing fees --- things like commission, overhead costs, broker fees. The Financial Transactions Tax would be only about $80 for the average 401k or retirement saver, versus more than $1000 in existing fees. That's just the average. Some funds have existing fees of more than $2500 dollars. So, it really is a drop in the bucket as compared to the existing commissions and other types of ways that Wall Street is taking it out of the pocket of average investors."

Harley discusses both the legislation's challenges and growing political support on Capitol Hill, where the Trump/GOP 2017 $1.5 trillion tax cut, largely for corporations and the wealthy, has resulted in record trillion dollar annual deficits and a recent budget proposal by Trump to cut more than a trillion dollars from social programs like Medicare, Medicaid and Social Security. (He had vowed to not cut those programs during his 2016 campaign, while suggesting that Democrats would do so.)

Finally, speaking of progressive policy proposals, the recently introduced Green New Deal is already paying off. Rightwingers have been freaking out about it, and lying about it, but they are also scrambling to respond after realizing its huge popularity among the electorate and how silly they look. Several longtime climate science deniers, including Trump acolyte and accomplice Rep. Matt Gaetz (R-FL), are now taking baby steps by conceding that "climate change is real" and "humans contribute". Soon they may even notice that, according to climate scientists, human activity is actually responsible for 100% of the warming we've seen to date. But, hey, it's a start...

Download MP3 or listen to complete show online below...

* * *
While we post The BradCast here every day, and you can hear it across all of our great affiliate stations and websites, to automagically get new episodes as soon as they're available sent right to your computer or personal device, subscribe for free at iTunes, Stitcher, TuneIn or our native RSS feed!
* * *

MONTHLY BRAD BLOG SUBSCRIPTION
ONE-TIME DONATION


Choose monthly amount...


(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)



Support The BRAD BLOG
Please visit our advertisers










Support The BRAD BLOG
Please visit our advertisers
Brad Friedman's
The BRAD BLOG



Recent Entries

Archives


Important Docs
Categories

A Few Great Blogs
Political Cartoonists

Follow The BRAD BLOG on Twitter! Follow The BRAD BLOG on Facebook!
BRAD BLOG RSS 2.0 FEED
Please Help Support The BRAD BLOG...
ONE TIME ONLY
any amount you like...
$
MONTHLY SUPPORT
any amount you like...
$
Or by Snail Mail
Make check out to...
Brad Friedman
7095 Hollywood Blvd., #594
Los Angeles, CA 90028

The BRAD BLOG receives no foundational or corporate support. Your contributions make it possible to continue our work.
About Brad Friedman...
Brad is an independent investigative
journalist, blogger, broadcaster,
VelvetRevolution.us co-founder,
expert on issues of election integrity,
and a Commonweal Institute Fellow.

Brad has contributed chapters to these books...


...And is featured in these documentary films...

Additional Stuff...
Brad Friedman/The BRAD BLOG Named...
Buzz Flash's 'Wings of Justice' Honoree
Project Censored 2010 Award Recipient
The 2008 Weblog Awards



Wikio - Top of the Blogs - Politics

Other Brad Related Places...

Admin
Brad's Test Area
(Ignore below! It's a test!)

All Content & Design Copyright © Brad Friedman unless otherwise specified. All rights reserved.
Advertiser Privacy Policy | The BradCast logo courtesy of Rock Island Media.
Web Hosting, Email Hosting, & Spam Filtering for The BRAD BLOG courtesy of Junk Email Filter.
BradBlog.com