Hartmann Report

In addition to an economy held together with the baling-wire of Fed stimulus (that’s ending), both the US & the world are facing a wild spectrum of assaults that could have huge economic impacts. The CEO of America’s largest bank is worried, and for good reason. Yesterday the Fed started something it hasn’t done for quite a while. It started dumping bonds.

Right now with guns we’re at the point where advocates for gay marriage were in the 1990s when it seemed impossible... Democrats are gearing up for quick policy battles in the House and Senate over “gun safety.” They should also be preparing for a decades-long war over “gun control.”

Bought-off Republican stooges in Congress and state legislatures — along with their allies on the Supreme Court — are openly trying to bring our country down, to destroy a 240-year-old democracy... Tucker Carlson and Fox “News,” rightwing billionaires, a bought-off Supreme Court, polluting industries, and the politicians they all own have screwed up America so bad that Canada — Canada, for G-d’s sake! — is worrying about us.

Neither is a nation where a simple accident or illness can result in homelessness. Or a nation where a raped woman is forced to carry a pregnancy to term at the point of a gun... Today is Memorial Day, the day we remember the 1.2 million Americans who have fought and died in our wars going all the way back to the American Revolution. These people volunteered or were conscripted to fight and die for their nation and deserve our respect and memorialization. But what about the 1.5 million Americans who have died from guns in America just since the Supreme Court, in 1978, gave the NRA the power to purchase American politicians and thus set the stage for today’s carnage?

The first direct shot across the bow of the doctrine of a corporation’s "right to lie" by using its "personhood" to claim First Amendment "free speech" rights came in April 1998, when Mark Kasky, a California political activist, noticed that Nike was engaged in what he considered to be a deceptive greenwashing campaign.

Thank you so much for reading and sharing my daily work…

Their "Reaganism" sales pitch was effective, and we’ve now had 42 years of the so-called Reagan Revolution: It’s time to say out loud that it hasn’t worked. The 1970s were a pivotal decade, and not just because it saw the end of the Vietnam War, the resignation of Nixon, and the death of both the psychedelic hippie movement and the very political (and sometimes violent) SDS. Most consequentially, the 1970s were when the modern-day Republican Party was birthed. Prior to that, the nation had hummed along for 40 years on a top income tax bracket of 91% and a corporate income tax that topped out around 50%. Business leaders ran their companies, which were growing faster then than any time in the history of America, and avoided participating in politics.

We’ve been at this point over and over again in America: will this be the one that punches through the wall of money the NRA and the weapons industry it fronts for wraps around Republicans? President Biden is right. “For God’s sake” and our children’s sake, we must do something about gun violence in America. And we must do it now. Back in 1996, after a few years of mass shootings, Australia experienced a mass slaughter on a scale like we saw yesterday in Texas. Their Supreme Court hadn’t ruled that Australian politicians could be owned by industries, so they passed extensive gun control and a nationwide gun buyback program. It was a turning point, and the mass shootings have since largely stopped. Over at Daily Kos, Walter Einenkel has summarized how many millions of dollars the top Republicans in Congress have taken from the weapons industry: it’s a grim toll, starting with Mitt Romney taking over $13 million and Richard Burr over $6 million.

Today’s GOP, under Trumpism, is as real a threat to the survival of our republic as was the 1860's Confederacy and reflects a worldview grounded in the white supremacy of the American south. Donald Trump promoted a modern Civil War in America this week on his social media platform. Civil War? Further confounding things, Republican candidates like Pennsylvania’s Kathy Barnette are openly running as ultra-MAGA candidates, having hijacked Trumpism without Trump himself. It’s causing the media and political elites to have a “Huh? What?” moment. Trumpism without Trump? Could it even be a thing? Apparently so: candidates Trump has openly disavowed are claiming Trumpism as their standard, the flag they’ll carry into the election and into office if they win.

After all, doesn’t their wealth prove their brilliance? And doesn’t brilliance at busting unions and destroying competitors translate into the right stuff for guiding the fate of nations? Americans aren’t getting what a majority of us want, even when we show up in majority numbers to vote. The problem is that we’ve trusted the rich to run things here in America for 42 years now since the Reagan Revolution, and it’s not working.