Tag Archive: economy

Coronavirus: what should Las Vegas do?

The Las Vegas Strip, in many ways a potential Coronavirus petri dish

During and after the 2008 Bush Great Recession, Nevada and its most populous city, Las Vegas, were hit especially hard. Home prices tumbled, foreclosures and home abandonments exploded, unemployment went through the roof, and construction dried up. Now during the Coronavirus (COVID-19) pandemic, Las Vegas faces even greater odds. At least during the Great Recession, visitors who had the means to visit Las Vegas could still do so, and workplaces that could stay in business financially weren’t forced to close for outside reasons. This time around, however, even folks who are flush with cash aren’t feeling lucky enough to get on an airplane, fly to Vegas, stay in a hotel, and partake of all of the options there, such as gambling, dining, dancing, etc. Hotels, restaurants, casinos and attractions are almost all closed. Conferences, sports events and concerts have been canceled. That puts many thousands of people in the area out of work, and worried about whether Las Vegas can ever recover from its Coronavirus hit, let alone recover in time to save the economy, their jobs and their homes.

Democrats finally come up with a positive theme

President Franklin Roosevelt, who called his agenda the “Fair Deal”

This week, Democratic Party leaders finally revealed their positive unifying agenda for America. On Sunday, House Minority Leader Nancy Pelosi, the second highest-ranking elected Democrat, published an op-ed in the Washington Post. Yesterday, Senate Minority Leader Chuck Schumer, the highest-ranking elected Democrat, published his op-ed in the New York Times. The Democrats are calling their plan “A Better Deal.”  According to Schumer’s op-ed:

Democrats will show the country that we’re the party on the side of working people — and that we stand for three simple things. First, we’re going to increase people’s pay. Second, we’re going to reduce their everyday expenses. And third, we’re going to provide workers with the tools they need for the 21st-century economy.

President Obama’s high-water mark

President Obama at the Tomb of the Unknowns, Nov. 11, 2016.

President Obama at the Tomb of the Unknowns, Nov. 11, 2016.

President Barack Obama is leaving office on a high note. Many people might not remember what it was like when Obama took office in January 2009. The Bush Recession was underway, and America was losing 779,000 jobs per month. Stores were closing. Restaurants were empty. And our treasury was also empty (in fact, trillions in debt) from Bush’s disastrous Iraq War. Obama, with no help from the Republicans, turned things around to the point where he will be turning over a country that, by most objective measures, is doing very well. Let’s take a look at some of those numbers, so that we will have a comparison for the future:

Hillary Clinton, Bernie Sanders and the Democrats unite against Donald Trump

Hillary Clinton and Bernie Sanders during primary season.

Hillary Clinton and Bernie Sanders during primary season.

Today in New Hampshire, Hillary Clinton and Bernie Sanders held a remarkable unity rally in which Sanders enthusiastically endorsed Clinton for president. Standing in front of a giant American flag with his beaming former rival, Sanders said:

Secretary Clinton has won the Democratic nominating process. And I congratulate her for that. She will be the Democratic nominee for president, and I intend to do everything I can to make certain she will be the next president of the United States.

Sanders went on to say, “I have come here to make it as clear as possible as to why I am endorsing Hillary Clinton, and why she must become our next president.”

Both Clinton and Sanders gave substantial speeches at the boisterous event, which highlighted each of their strengths and interests. For example, Sanders focused on economic issues, while Clinton spoke passionately about gun violence, saying, to big cheers, “surely we can agree that weapons of war have no place on the streets of America.” However, one area on which Clinton and Sanders both clearly agreed was the need to defeat Donald Trump in this year’s presidential election. For instance, Sanders said that Trump’s position on health care is the “same old Republican contempt for working families,” while Clinton said, “Donald Trump thinks wages are too high. . . . He does want to get rid of the federal minimum wage altogether.”

Clinton, Sanders and O’Malley show substance at Democratic Town Hall

President Obama and First Lady Michelle Obama after clinching 2008 Democratic presidential nomination

President Obama and First Lady Michelle Obama after clinching 2008 Democratic presidential nomination

Last night, one week before the Iowa Caucus, CNN hosted a Town Hall event at Drake University in Des Moines, Iowa, featuring Democratic presidential candidates Hillary Clinton, Bernie Sanders and Martin O’Malley. The three candidates showed differences in their views and policies while answering questions from the audience of mostly undecided Democratic voters and from moderator Chris Cuomo. But perhaps more striking was the level of knowledge, substance and forcefulness each candidate exhibited on the issues.

Barack Obama channels Reagan and JFK in State of the Union

President Obama speaks at the Pentagon last December

President Obama speaks at the Pentagon last December

President Barack Obama‘s final State of the Union address last night was marked by an optimistic, confident tone in promoting America’s values and its leadership position for the future. In doing so, Obama was reminiscent of two presidents who loom large in our recent history: Ronald Reagan and John F. Kennedy.

Barack Obama, the anti-lame duck president

President Obama at the COP 21 climate conference in France

President Obama at the COP 21 climate conference in France

President Barack Obama this week signaled that he would have a robust final year in office as he announced executive actions on the registration of gun purchases, especially narrowing the “gun show loophole.” Obama also held a town hall meeting aired by CNN on Thursday to talk about his anti-gun violence actions. Moreover, just a week ago, President Obama appeared on an epic, hilarious episode of Jerry Seinfeld‘s web series “Comedians in Cars Getting Coffee.” Obama was not only very funny and relaxed, he also managed to plug his Affordable Care Act, which has covered an estimated 17.6 million more people in the past two years, causing the percentage of Americans without health insurance to drop to the lowest level ever measured. In short, President Obama is exploding the stereotype of the lame duck president.

High-water mark for President Obama and the Democrats

President Obama and First Lady Michelle Obama bring toys to support U.S. Marine Corps Toys For Tots

President Obama and First Lady Michelle Obama bring toys to support U.S. Marine Corps Toys For Tots

Take note of December 2014 as the high-water mark for President Barack Obama, the Democrats in Congress, and the United States itself. Starting in January 2015, when Republicans take over the U.S. Senate, life in America could get much worse.

An issue-based approach for Democrats and progressives

Wake Up and Vote for Democrats poster

Wake Up and Vote for Democrats poster

Mainstream Democratic and progressive voters don’t agree on everything, but they all seemed to agree on one thing after last Tuesday’s elections: the Democratic Party let them down. Democratic officeholders and candidates running for election ran away from President Obama and his agenda. One example was Alison Lundergan Grimes, the Democratic challenger to U.S. Senator Mitch McConnell of Kentucky. Grimes not only refused to assert that she had voted for President Obama, she was reluctant to tout the stunning success of the Affordable Care Act in Kentucky (known as Kynect), and instead began most answers by naming problems with the ACA that need fixing.

Running away from the President’s record in 2014 made no sense for Democrats, as President Obama’s agenda literally was the Democrats’ agenda. Every law that President Obama signed, from the Stimulus to the Affordable Care Act, was something that a majority in Congress, and certainly a majority of Democrats in Congress, first had to pass. Perhaps some Democrats need to go back and read their Constitution, or watch Schoolhouse Rock.

The nihilism election

Vote Nihilism

Vote Nihilism

Ve believe in nossing, Lebowski. Nossing. And tomorrow ve come back and ve cut off your chonson.
–The Big Lebowski, 1998

What to make of last night’s mid-term election? Democrats never articulated a positive unifying theme. Most of the Democrats’ endless fundraising appeals tried to scare supporters about the Koch Brothers and Karl Rove pouring millions of dollars into Republican campaigns. Republicans ran a national campaign on a unifying theme, but that theme — “President Obama is bad” — was also wholly negative. Most voters didn’t vote for anything.