Archive for the ‘Democrat’ Category

A Republican and a Democrat team up to split Fannie Mae and … – CNBC

Bill Clark | CQ Roll Call | Getty Images

Sen. Mark Warner, D-Va., left, speaks with Sen. Bob Corker, R-Tenn.

In the Senate, a Republican and a Democrat are working on a bipartisan deal to change the housing finance industry.

Tennessee Republican Bob Corker and Virginia Democrat Mark Warner are considering a plan that would split up Fannie Mae and Freddie Mac, according to Bloomberg. The government took control of the two companies in 2008 when the housing market collapsed and has since pumped $187.5 billion into them.

The lawmakers are debating splitting Fannie and Freddie's single-family businesses and multi-family businesses, which finances apartment rentals, sources told Bloomberg. From there, they could continue to divide the single-family business into smaller companies.

Fannie and Freddie back more than $4 trillion in housing securities, according to Bloomberg. Lawmakers have worried that the size of the two companies encourages taxpayer-funded bailouts if they run into trouble.

The two Senate Banking committee members started working on the plan earlier this year, according to Bloomberg. The committee held a housing finance hearing last month and plans to hold another on June 29.

Read the full Bloomberg story here.

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A Republican and a Democrat team up to split Fannie Mae and ... - CNBC

Bruce Bartlett: Why I’m Not A Democrat – HuffPost

Economist Bruce Bartlett is a man of fierce intellectual independence and courage, too. Telling the truth about Republican economic policies during the George W. Bush presidency got him fired as a senior fellow at a conservative think tank and brought to an end his long career as an esteemed GOP insider.

On the right he could boast a gold-standard resume as an architect of supply-side economics and trickle-down taxes with Rep. Jack Kemp (R-NY), a central figure in the Reagan Revolution as a White House aide, a director of the Joint Economic Committee and a senior Treasury Department official in the days of George H.W. Bush. But then he rocked Republican elites and movement conservatives alike with a book that went, in their eyes, beyond truancy to treason: Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy. You would have thought Bartlett had been convicted of blasphemy in Saudi Arabia, where atheists can be punished with a thousand lashes, jail sentence, or worse. He next revised his own earlier ideas with some second opinions in The New American Economy: The Failure of Reaganomics and a New Way Forward. Cast now into outer darkness beyond the Beltway, Bartlett became become a prolific writer and commentator. He produced a third book on The Benefit and the Burden: Tax Reform Why We Need It and What It Will Take. His fourth will appear in October: The Truth Matters: A Citizens Guide to Separating Facts from Lies and Stopping Fake News in Its Tracks. If you have the stomach for it, watch him get pilloried by the alt-right media and Fox News.

Just last weekend Bruce Bartlett rattled the cages again with an essay in Politico under the headline, Trump Is What Happens When a Political Party Abandons Ideas. In his latest contribution to BillMoyers.com, he took on the Democrats.

I am part of the reason why Democrats have not been successful in the Trump era. I am someone who should be a Democrat, but Im not. Let me explain.

I was a Republican most of my life I even worked in the White House for Ronald Reagan. I was very comfortable with the Reagan-era GOP. It was conservative, but not obsessively so, and not at the expense of proper governance. Republicans today easily forget all the liberal things Reagan did, such as raising taxes 11 times, giving amnesty to illegal aliens, pulling US troops out of Lebanon, negotiating nuclear disarmament and many other heresies to conservative dogma.

At first, I cheered the Republican takeover of Congress in 1994 and even contemplated going back to work on Capitol Hill. I remember being invited to many meetings with Newt Gingrich and other Republican leaders to help them shape their agenda.

But soon, I was disturbed by things I saw the new majority doing in Congress. One of the first was slashing some 3,000 staff slots from the congressional committees. I thought this was very unwise because committee staff were the primary source of policy expertise. Without staff to do the work, how were Republicans going to implement their agenda competently? I thought.

It turned out that Gingrich was only interested in centralizing all policy on every issue in his own office. I soon found myself dealing with young staffers in the speakers office with no experience or expertise on the issues they were working on. Their only job was to get the Contract With America enacted; they werent interested in fixing it or improving it or coming up with new ideas. They had all the policy ideas they needed, thank you.

I was further dismayed when Republicans became obsessed with bringing down Bill Clinton pretty much to the exclusion of everything else. With budget surpluses building up there were plenty of opportunities for Republicans and Democrats to work together on issues such as tax reform and entitlement reform that were simply lost to political rancor.

The incompetence of the George W. Bush administration finally drove me over the edge. The final straw for me was enactment of the budget-busting Medicare Part D program. As a conservative, I thought we needed to be reigning in such open-ended spending programs, not creating new ones.

In 2005, I wrote a book attacking Bush from the right called Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy. No Republican today would disagree with a word that I wrote, but, at the time, criticizing a Republican president was grounds for defenestration. I was fired from my job at a conservative think tank and banished from polite Republican company.

For a few years, I still considered myself to be a Republican, hoping that some degree of sanity would be restored. But it only got much worse. The election of Obama seemed to drive even moderate Republicans over the edge into hysterical hatred and opposition, egged on by the so-called tea party, which consisted entirely of people who knew absolutely nothing about government or policy except that they were mad as hell.

This dictatorship of the idiocracy drove me out of the GOP. I began referring to myself as an independent.

Once freed from needing to feign party loyalty, I found myself receptive to ideas I had once rejected out of hand. I wrote a book that was skeptical of supply-side economics the Republican theory that tax cuts are the cure for every economic problem. I wrote columns sympathetic to the welfare state and other heresies. I lost the last few Republican friends I had.

The simplest way to explain my intellectual and political evolution is that I had previously seen the Republican glass as half-full, now I saw it as half-empty. (These days, it is completely empty.)

The Trump phenomenon is the culmination of everything I hated about the Bush-Gingrich era Republican Party that drove me out, especially the anti-intellectualism. The sum total of Trumps agenda appears to begin and end with reversing whatever Obama did; I see no sign of a positive agenda even from a conservative point of view. The Republican Party appears to exist for the sole purpose of acquiring power in order to shower rewards on those who support the party, especially those who support it financially.

Ive grown to hate my former party. Youd think this would make me a prime candidate for recruitment by the Democrats. But Im not. First, no Democrat has ever reached out to me. I am not insulted by this, only surprised. And my efforts to suggest ideas to Democrats have been uniformly rebuffed. Like the Republicans, Democrats are wary of apostates and are only receptive to those born into their church, it seems.

Of much more importance in terms of my reluctance to join the Democratic Party is that the party doesnt really seem to stand for anything other than opposition to the GOP. Admittedly, just about everything the Republicans are doing deserves to be opposed. But the Democrats also need a positive agenda of their own. I remember thinking late in the 2016 campaign that I could not name a single policy proposal Hillary Clinton had put forward. I knew they existed 10 point plans to fix various problems that were probably well thought through, but all of the points were small-bore and impossible to summarize easily. You had to go to her website and dig them out because they never appeared in any of her commercials or interviews.

As much as I hate what the conservative movement has become, it rose to power through some strategies that are easily duplicable by progressives. One is putting as much effort into marketing ideas as originating them. Another is coordinating efforts among disparate groups on the right you support my cause and in return Ill support yours. And all these efforts are continuously repeated throughout the right-wing echo chamber.

It took decades for conservatives to set up the institutional infrastructure that supports and nourishes the GOP today. And fundraising was a big part of it. One thing conservatives learned is to share donors with each other through groups such as the Council for National Policy. I dont know of any similar group on the left.

Progressives always complain about a lack of funds, but clearly there is plenty of money available. Hillary Clinton did not lose because she had less money than Trump; she had considerably more. The congressional race Georgias 6th District attracted tens of millions of dollars for the Democratic candidate. He lost, but not because he was underfunded.

What ultimately won the day for the right was its long-term focus. The left seems to me to be totally focused on the short-term stopping whatever the Republicans are doing today. Theyll worry about building institutions and developing a positive agenda when the crisis is past. But tomorrow is another crisis and no Republican idea ever stays dead no matter how badly it was defeated; it will arise again like a phoenix the next time an opportunity presents itself. This puts Democrats permanently on defense. But as my old boss Jack Kemp, a former pro football player, always told me, You dont win games on defense.

Another strength of the right that the left could learn is its self-confidence and aggressiveness. Turn on cable news at any hour and you will hear a right-winger expounding with bravado on some subject they have no clue about. If there is a liberal on for balance, he or she will waste all their air time futilely trying to explain why what their opponent said was complete nonsense. As a consequence, progressives never get their points across and appear feckless. I often joke that a Democrat is someone who wont take their own side in a debate.

There are many other ways as well that Democrats handicap themselves that make me reluctant to join them. Sure, Ill vote for their candidates in a choice between crazy and sane, Ill vote sane every time. But joining a party, even if its only in my own mind, implies a higher level of commitment, one that I am not yet ready to make.

I suppose the easiest way to get me to join is to find a decent leader and at least one tent-pole big issue like tax cuts were for the Republicans around which intellectual-types like me can help build a tent that would include us. New publications need to be established where thinkers can throw out ideas, build support, answer critics and all the other things the right-wing echo chamber does so well for the GOP. A few million dollars a year would go a long way. But no one on the left with money seems to want to do anything except make contributions to Democratic candidates that go into worthless TV ads that only make Democratic consultants rich.

Anyway, for the time being, I will remain an independent who is waiting for a tough, muscular Democrat with the courage of their convictions and no fear of Republicans to arise, as French President Emmanuel Macron did. He showed that being a moderate does not mean being weak, and that fear of the right is the rights greatest strength, but one that is easily punctured. If I were a Democrat I would study Bobby Kennedys race in 1968, the Bill Clinton of 1992, Sen. Pat Moynihan and other Democrats who could project strength and leadership and had new ideas to back them up. When one such Democrat emerges, I will be ready to join.

This post first appeared at BillMoyers.com

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Bruce Bartlett: Why I'm Not A Democrat - HuffPost

Democrat-funded super PAC holds Youngstown health care meeting – WFMJ.com News weather sports for … – WFMJ

YOUNGSTOWN, Ohio -

A small group of people opened the conversation about what repealing the Affordable Care Act would do to local communities.

"For Our Future," a Democrat-funded super PAC, organized a meeting to discuss how Youngstown and its surrounding communities would be impacted if Senate Republican leaders pass their revised health care bill.

That group said changes in the Affordable Care Act would leave millions without health coverage and worsen the opioid crisis. Those addicted or dependent on opioids are said tobe left out of the proposed bill.

Youngstown Councilwoman Lauren McNallysaidshe believes changes in the ACA would have a negative impact on people in the Mahoning Valley.

"If people can't afford medical care, they don't go get it," McNally said.

Youngstown City Council passed a resolution opposing any changes to the Affordable Care Act.

Senate Republican leaders decided to delay a vote on their new health care bill until after the July 4 recess.

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Democrat-funded super PAC holds Youngstown health care meeting - WFMJ.com News weather sports for ... - WFMJ

Democrat Katie Wilson announces challenge to Stefanik – Albany Times Union

Katie Wilson of Keene has announced her intention to run against U.S. Rep. Elise Stefanik. (Provided photo.)

Katie Wilson of Keene has announced her intention to run against U.S. Rep. Elise Stefanik. (Provided photo.)

U.S. Rep. Elise Stefanik, 21st CD, speaks to the Times Union editorial board on Tuesday, Oct. 18, 2016, at the Times Union in Colonie, N.Y. (Will Waldron/Times Union)

U.S. Rep. Elise Stefanik, 21st CD, speaks to the Times Union editorial board on Tuesday, Oct. 18, 2016, at the Times Union in Colonie, N.Y. (Will Waldron/Times Union)

Democrat Katie Wilson announces challenge to Stefanik

Albany

Katie Wilson traces her political roots to her time participating in equestrian competitions when she was young.

The Essex County woman said she grew disgusted at how money drove the sport, leading her to rebel.

"I was just a girl who ... did all my own work, and couldn't afford a bunch of grooms and the whole nine yards," she said. "So I think those were the stirrings of my disillusionment with the current system, because I saw how that spreads out and reaches into so many other facets of our life."

On Tuesday, Wilson took a step toward her political rebellion, announcing her challenge to Rep. Elise Stefanik, R-Essex County. She is the second Democrat to enter the 21st Congressional District race well in advance of 2018's midterm elections.

Wilson, a 33-year-old mother of two from of Keene, told the Times Union that while she hasn't sought political office before, she has spoken with myriad people from political officials to former members of Congress in recent months about a potential bid.

"I saw a big need, based on who is in office currently, for honest representation and an independent voice for the North Country," she said.

In her campaign announcement, Wilson highlighted federal health care policy. She said that while the Affordable Care Act must be improved, "that doesn't mean we should replace it with something that kicks millions of Americans including tens of thousands of North Country residents off their health care and replaces it with something more expensive."

She also pointed to the need to bridge what she sees as a military-civilian divide to help veterans bring their skill sets to the private sector. She also wants to focus on sustainable local farming and clean energy.

Like many Republicans, Stefanik has caught flak this year for what Democrats have seen as a lack of accessibility. Amid a town hall fever, Stefanik has held "Coffee with Your Congresswoman" events in some parts of the district.

"I'm committed to showing up and not running away from conversations," Wilson said.

Stefanik campaign spokesman Lenny Alicivar said the congresswoman is "focused on her bipartisan work delivering real results for the hardworking families and small businesses across the 21st District, not on politics."

Wilson has been active in protests this year in the 21st District, which extends from Lake Ontario to Lake Champlain and from the Canadian border into parts of Saratoga County and all of Warren, Washington and Fulton counties.

She owns the Adirondack Attic, a thrift and consignment shop in Keene.

Wilsonjoins Patrick Nelson of Stillwater in seeking the Democratic nomination. She has been among those mentioned in discussions about potential challengers to Stefanik, who is in her second term.

mhamilton@timesunion.com 518-454-5449 @matt_hamilton10

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Democrat Katie Wilson announces challenge to Stefanik - Albany Times Union

Please Do: Fake Indian Leftist Democrat Wants Party To Get On Single-Payer Health Care Train – Townhall

Sen. Elizabeth Warren (D-MA) is trying to break though with Trump voters in her state by warning them that the Republicans have an agenda that will hurt them. On top of that, shes trying to get Democrats to join her revolutionary pitch: passing single-payer health care (via WSJ) [emphasis mine]:

We talk about how the middle class has just taken one punch after another for nearly 40 years now, she told the Lowell crowd. Understand that Donald Trump and these Republican majorities are poised to deliver the knockout blow.

[]

While Democrats across the country wrestle with the question of how to win back voters who rallied to Mr. Trump, Ms. Warrens aides say her outreach to parts of the state that favored the president is strictly to hear from Massachusetts voters. She isnt likely to face a serious challenge next year, when she is up for a second term in the Senate.

[]

Ms. Warren says her immediate focus is on fighting the Republican health-care legislation and mounting her 2018 re-election campaign. But she hasnt been shy about seeking to pull fellow Democrats and those running in next years midterm elections to the left.

Blocking the GOP rollback of provisions in the Affordable Care Act, Ms. Warren said, is not enough. She said Democrats on the ballot in the next two federal elections should back a national single-payer health-care plan.

Well, I guess I can respect that Warren is actually meeting voters who probably disagree with her on almost everything, but its outside the liberal northeast that Democrats need to focus their white working class voter outreach. Massachusetts is going to be a stronghold for Democrats in national elections. The real areas of concern rest in the Ohio River Valley, Michigan, and Wisconsin. The whole Rust Belt flipped in 2016. Second, single-payer health care advocacy is one way to a) unite the GOP base; b) provide perfect cannon fodder for Republicans since single-payer has led to people dying. Veterans Affairs has a system thats closest to single-payer, which has embroiled the department in scandal. Secret wait lists and veterans dying while waiting for their appointments have dotted this inexcusable and atrocious scandal. To nationalize it would actually led to deaths, unlike the dubious claims Democrats are lobbing at Republicans over their health care legislation. Single-payer, as seen in other European countries, have led to reduced access to care and treatments to keep costs under control. Thats something that Americans arent willing to sacrifice in exchange for higher taxes to fund a system where everyone gets government-run health care. Oh, and did I mention its incredibly expensive? Even The Washington Posts editorial board noted the crushing costs, while Californias deeply Democratic state legislature hit the brakes on their single-payer proposal. A rational choice since there was no mechanism to pay for the $400 billion program. Is single-payer health care pro-middle class? I would say the answer would be a resounding no. And then theres the minimum wage fight, which also shows how the Left is just illiterate on basic economics. In Seattle, the citys $15/hour law has screwed over workers by reducing their hours and wages.

Thats two huge pieces of the Democratic agenda that have proven to be detrimental to workers and bone-crushingly expensive. So, if this is how the Democratic Party really wants to save the middle class, reclaim Trump voters, and start winning elections againplease do. And be sure to make Nancy Pelosi the point of the lance in this push. Shes been a real asset for your party brand.

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Please Do: Fake Indian Leftist Democrat Wants Party To Get On Single-Payer Health Care Train - Townhall