The 2020 election is a very long way off. Much has to develop, particularly the candidates and their message. They will grow along with their crowds, refining their message and presence into a clear vision of how the nation reboots itself and renews for a new generation.
What’s remarkable at this stage is not just that the three leading candidates are women, but that as a unit they represent the spectrum of Democratic identity and policy. They’re likely to be the top contenders through the process as a result. They also have remarkably similar resumes and similar things to prove. In politics and personality, however, they create their own archetypes.
Is this going to be a choice between senators Harris, Klobuchar, and Warren? At this stage, they are at the very least the ones to watch. That is, by itself, an impressive and fascinating story. In my own opinion, and this is all just my opinion, it’s going to be a good one.
Difficult time appear to cal for action, but they demand first and foremost character and judgment. Unfortunately, Sen Elizabeth Warren failed spectacularly at demonstrating both.
Her desire to take a new approach to countering bullying and nonsense in public discourse is understandable, but it takes a lot more than a cute gimmick. Worse, her inability to navigate the delicate issues of race and identity have demonstrated that Democratic leadership is still generally clueless about this topic and will continue to only make things worse.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
– Henry Ford
In case you were wondering what the cost is of “Too Big to Fail” banks, the Federal Reserve has an answer – $440 million (about $4 for every household in the US). If that seems low, well, it is. It’s just what it costs to have “enhanced regulation” of those banks that have been declared “systemic” – legalese for protected by you and I.
Where did that number come from? It comes at the end of a long, watered-down process that has finally defined just what it means to be one of the protected investment banks. It’s all the result of Dodd-Frank regulation that does more harm than good if this is all they can manage. But perhaps we can make a bit more out of it …