Media

Many mornings this year Matt Nuttall and his friend Ryan Faulkner met up in one of several neighborhood parks located between their houses in Pleasant Hill, California. While they changed diapers, dispensed snacks, and made sure their little ones didn’t fall off the playground equipment, the dads “talked to each other in adult,” as Nuttall puts it. Before too long, their children would begin to fade, and they’d head back to their respective houses to prepare lunch and oversee afternoon naps.

China is likely to emerge as the biggest winner of the political crisis in Washington. And for a few reasons.

First, as has been widely noted, the crisis has interfered with the President Obama's plans for an "Asia pivot," whereby the United States raises its profile and influence in East Asia at a moment when China is increasingly asserting itself in that region. Specifically, the crisis forced President Obama to cancel a planned trip to East Asia and his appearance at Asian Pacific Economic Cooperation forum, leaving China as the dominant player there at a crucial moment.

I attended today's U.S. Supreme Court oral argument in the case challenging contribution limits. If the Justices rewrite campaign finance law by striking down the contribution limits, checks of up to $2.95 million each from wealthy contributors will corrupt democracy.

Removing the limits on total campaign contributions by a single donor, a restriction now before the Supreme Court, would lead to a huge increase in giving by a small group of very wealthy Americans, according to a new report released Friday.

Where does the corporate bottom line end and the public interest begin? Through the voodoo economics of federal contracting, Washington's "partnerships" with private corporations have drained the public trust straight into the pockets of top corporate executives.

The big donors behind the crisis in Washington are finally being called out by the mainstream media. Yesterday, the New York Times had a major investigative piece about how the Koch brothers and other major conservative donors pushed the Republican Party toward its current extreme strategy of trying to stop Obamacare.

Growth doesn't work. It doesn't deliver the claimed social and economic benefits. 

One of the most alarming aspects of a possible default is also one that gets the least attention: A default would raise the cost of federal borrowing, perhaps for years to come, and send the deficit soaring. 

If Treasury securities become, well, less secure, the United States will have to pay investors more to buy them. Hence higher interest rates on new debt that is issued. 

Tomorrow, I will be participating in a panel about the role of race and immigration in the 2016 elections at the University of Connecticut with professors Evelyn Simien (UConn) and Natalie Masuoka (Tufts University), and moderated by Prof. Shayla Nunnally (UConn).