2024 Election

Joe Biden appointees with extensive ties to big business did real damage to his agenda; Democratic presidential nominee Kamala Harris should not make the same mistake.

Joe Biden appointees with extensive ties to big business did real damage to his agenda; Democratic presidential nominee Kamala Harris should not make the same mistake.

Joe Biden appointees with extensive ties to big business did real damage to his agenda; Democratic presidential nominee Kamala Harris should not make the same mistake.

Contra Matt Yglesias, Biden appointees with extensive ties to big business did real damage to his agenda; Harris should not make the same mistake.

Every economic indicator is pointing to the need for an immediate interest rate cut. The Fed is supposed to act in accordance with available data irrespective of potential political impacts. So why isn’t it?

President Biden’s proposal to cap rents brought the neoliberal hacks and Big Real Estate propagandists out of the woodwork, but that shouldn’t stop Harris from adopting—and expanding—upon what tenants desperately need.

Trump now holds the unique honor of being the first United States president convicted of a felony. This is a golden opportunity for the Biden campaign to highlight the glaring distinction between the candidates: Trump is a corporate criminal hellbent on using the presidency to further the interests of himself and other corporate criminals. President Biden has leveraged executive branch power to dismantle criminal practices that pad the pockets of corporations. After some initial hesitancy to touch on Trump’s conviction, Biden rightly appears poised to make this a forefront issue in the campaign.

Jeffrey Zients and Anita Dunn must start behaving like competent political operatives and lead the Biden Administration to condemn Scott Sheffield daily.

The FTC’s revelation of an oil price-fixing scheme by GOP donors and foreign powers places blame for economic pain where it belongs: on the profit-maximizing fossil fuel industry.

Coverage of presidential elections typically hones in on contestants’ competing legislative visions, which in truth, tend to morph considerably when hit by the reality of an intransigent Congress. This prompts an important question: are presidential elections overrated? Well, before drawing that conclusion, consider one of the underrated consequences of a federal election: the potential for a new administration to alter the management of the federal workforce and the operations of individual departments within the executive branch. Although journalists eschew reporting of these consequences in favor of (legislatively focused) policy platforms and rallies, there is a wide body of academic research which investigates the impact of presidential administrations on the federal executive branch’s ability and capacity to fulfill its roles and responsibilities. 

Biden can make billionaire corruption a defining issue of the 2024 presidential race.

This week’s Hack Watch recaps some economic stories you may have missed, plus our initial reaction to Biden’s big speech.

He needs to highlight his positions against the Republicans’. And not give away too much in interim deals.