Do try to keep up

One was the win by two Democrat Senators in Georgia. The consequence is that the Democrats now control the Presidency, House and Senate. In principle it is now their time to act.

The second was the appointment of Bernie Sanders as chair of the Senate Budget Committee.

The events might be linked. It is no secret that Stephanie Kelton is close to Bernie Sanders.

And it is no secret that some Democrats want a Green New Deal funded using the principles of MMT.

Might this now happen? It has to be said that there are plenty of Democrats who are also not convinced, which is worrying.

Spending, budgets, they always start in the House of Representatives. That’s just their system. Which might be a useful point for someone hoping to comment upon American budget processes to know….

Even the President’s “budget” is only a proposal for what he’d like to see the relevant House committees come up with….

10 thoughts on “Do try to keep up”

  1. Assuming the U.S. goes full MMT, how can normal folk take advantage of that? A simple index tracker will minimise the pain of inflation, but which specific investments would do well? Infrastructure companies?

  2. I hope they do go full on MMT, Green New Deal and all. It’ll be fun watching. The Democrats will have no one to blame and I look forward to explanation from Spud as to how it wasn’t ‘real’ MMT when it all goes tits up.

  3. Between the Covid crap and the Green capers China Joe might be heading for an almighty economic fall–and the fallout of that will make rest of worlds–ie Blojiob ‘s– forthcoming econ shambles even worse. Maybe Trump is better off out of it for now.

  4. AndrewM, what investments? As a starter, try to find out which big companies have plants in Biden’s state. How else did he become wealthy without a few backhanders?

  5. Bloke in North Dorset

    “ I hope they do go full on MMT, Green New Deal and all. It’ll be fun watching. The Democrats will have no one to blame and I look forward to explanation from Spud as to how it wasn’t ‘real’ MMT when it all goes tits up.”

    When it all starts going pear shaped they’ll elect a Reagan/Thatcher type to sort it out and then the likes of Spud will blame the nasty tasting medicine on a neo-liberal or maybe neo-fascist conspiracy.

  6. BiND –China Joe–well his handlers-he doesn’t know what day it is once the drugs wear off–will fix all future elections. It is socialist shite all the way now.

    Caught Tucker Carlsons bollocks about way both sides of US cant manage without each other. Cobblers–the scum of the Left are already crowing their victory and planning an abusive future.

  7. ‘I hope they do go full on MMT, Green New Deal and all.’

    The US to Zimbabwify!! I’d rather they didn’t.

  8. There are 100 Senators of which 48 were elected as Democrats. This gives the Democrats “control of the Senate” …
    Reality is that the Senate Republicans cannot, on their own, block Democrat proposed legislation if *all* Democrats support it, *and* the two “Independants” support the Democrat proposals, *and* the Democrat Vice-President uses her tie-breaking vote.
    Obamacare took years to pass into law because some moderate Democrats voted against the extreme (by US standards) and – more importantly – badly designed original proposals.

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