“The deterioration of a government begins almost always by the decay of its principles.”
–Montesquieu
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Congrats again to Rep. Jason Crow for a powerful national media interview, this time on Morning Joe this morning. He tore apart Trump’s impulsive decision to withdraw troops from Syria leaving the Kurds exposed and vulnerable to Turkish attacks (and threatening the release of thousands of ISIS prisoners). Crow also wisely refused to take the bait to call for the impeachment of Trump now. Instead, he called for an orderly process to investigate and obtain facts before voting on impeachment. Such a refreshing and welcome change from Mike “Weasel” Coffman.
Daily Kos Morning Digest reports
● CO-06: Jason Crow (D-inc): $430,000 raised, $1.1 million cash-on-hand
Hick has more., soo… ya know
Quick — Call Dan Haley stat! The devastation of the Colorado Oil & Gas industry wrought by SB-181 is nearly complete! Oh, the horror!
Halliburton in Grand Junction is announcing big layoffs, nationwide apparently. At least their press release blamed "market forces" instead of regulation.
Hydraulic fracturing has continued apace as the thousands of drilled holes get fracked over and over until they are " finished".
It is just impossible to sustain a Natgas price that makes Piceance Basin gas profitable. It has hovered at or below $3.00 / mcf for most of the last few years. The cost of production here, last I heard was about twice that. Were it not fot some oil and gas liquids, there would be no profit to be had at all in Northwest Colorado. Weld county and the other fields, I know nothing about.
I think Halliburton and other completion firms are looking elsewhere for profits. Schlumberger left long ago, as far as I can tell.
That has not stopped industry cheerleaders Janet Rowland, who's seeking a recycled run to county commissioner, and current comish Rose Pugliese, who is said to be interested in succeeding the reptilian Ray Scott in the state Senate.
The two fan girls are blaming Polis and 181 for adding regs fatal to the Piceance. Gas prices and the nature of the field have nothing to do with it, they said. Just Polis.
Ask any farmer. The cause of low prices is over production. Fracking kills oil and gas profits because it produces so much oil and gas.
Come on, V, if there's there's anybody on the west slope that understands
farmingsheep ranching it's Janet. Given the number of sheeple on the west side did we have a mass migration of gay men to Grand Junction, who then procreated in biblical numbers?Grand Junction, where men are men and sheep are nervous. (Also the state motto of Wyoming.)
There's oil and gas in Weld county?
Are you sure?
CPR report has
These 3 Policy Failures Are Killing the American Dream
For further reading:
Capital, Piketty, Thomas
Corrado Gini: "The Scientific Basis of Fascism," Political Science Quarterly, Vol. 42, No. 1 (Mar., 1927), pp. 99–115 (17 pages) at JSTOR
: wealth concentration leads to … further concentration and lower GDP growth
The math don't lie.
So then read:
Coming Plutonomy: Citi Private Client group letter to investors
Krugman, Paul yesterday
And realize it's te end of democracy as we know it – and it's no accident or mystery
more for fun than further elucidation on this point
https://youtu.be/paaen3b44XY
and
https://www.washingtonpost.com/technology/2019/01/23/billionaires-davos-hate-alexandra-ocasio-cortezs-percent-tax-rich/
Those don't sound like bongos.
😐
You have to want it.
y = F(K,L(a))
Economic output (y) is equal to some positive function of capital (y) and labor (L) where labor is positively affected by innovation (a) .
The answer to how to divide y has rarely had a conscious, intentional answer.
Yes, Lincoln was right that labor comes first.
But Capital doesn't have to sleep or eat.
When the US created the Federal Reserve the idea was "9-3-3" (in the office by nine, lend at 3%, on the golf course by 3. And bankers were still routinely the wealthiest ones in town. (They had the most windows.)
The accumulation of wealth adheres mostly to K. ANd over time it creates a greater and greater disparity. It's become common to look at deciles- I've always preferred quintiles.
Greater disparity (income or wealth) leads to slower growth of y. At least this is true in every economy for which there is data.
Adam Smith was right. So was Corrado Gini, and Mother Jones, and Piketty.
Marx, Hayek, Rand – hacks.
Laffer, Say, and all supply siders – worse than hacks. (The data is not unclear – they fake it or ignore it.)
I love Elizabeth Warren. I question her electability, in part because the top quintile (and those who aspire to it) are going to be nervous about a rising tax bill.
Hardly anyone is rich enough to pay the estate tax – but a lot of people think they will be.
Tax the wealth, and the income, and they will create new ways to shelter it.
anyhoo – bongo that, Gilligan.
I’m guessing you stayed at a Holiday Inn Express last night?? I think you missed one critical element: ((e)) Electoral College hostage payments.
ba dump bump? . . .
LOL
LSMFT!
smoking kills
Only if you're listening to Nickelback while inhaling.
Krugman was great yesterday. I read it late in the evening and posted the link as the last comment on the Monday Open Thread.
Thank you for that
I sent it to approx 400 people –
.
Krugman’s “Events break through the wall of centrist denial” is indeed important reading. It explains much about our current situation. I’m posting the Salt Lake City Tribune’s posting of his article here for those who can’t get through the NY Times’ paywall.
Thanks!
My mom just announced that she is not running for re-election. Hawaii will be poorer for losing her in the leg.
https://www.civilbeat.org/beat/rep-thielen-will-not-seek-re-election-to-state-house/
I'm sorry to hear that, DT. She is one-of-a-kind; a fabulous human being.
In the 32 years I was a registered Republican, your mom was often one of my inspirations. Alas, moderate Republicans today are one with Nineveh and Tyre
Nice article you linked to … she sounds like a gem.
30 years in a legislature …. her tolerance of meetings must be legendary. 30 years of ANY ONE THING is remarkable.
Thank you all for the nice replies
From what I've read about her, it sounds like the HI leg. is losing a good one. Maybe she can help choose Someone to fill her seat.