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OUR AMERICAN OLIGARCHY
Extracting, defending, and sanctifying the wealth of—and rule by—the few. washingtonmonthly.com/2025/01/20/our…
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Carter Dougherty
23.3K posts
Carter Dougherty
@CarterD
Senior Fellow for Antimonopoly and Finance @demandprogress. 🤟🏼 👩🦰 👧🏼 👦🏼 + friends, 🏃♂️ in Takoma Park, MD. I study 🇩🇪 history, hauntingly relevant.
Takoma Park, MD Katılım Şubat 2009
2.5K Takip Edilen2.2K Takipçiler
@mikulaja This actually happened in the telecom boom in the 1990s. Company A "sells" fiber optic capacity to Company B, for use at a later date. Company A books revenue. Company B incurs no cost until that later date.
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This is satire, but the fact that it took me actually scrolling the site to confirm that tells you where we are-
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Brings back memories ...
Tara Dublin, Rock Star Author & Political Savant@taradublinrocks
This is GLORIOUS David Letterman & Stephen Colbert on the roof of the Ed Sullivan Theatre bringing back the classic @Letterman routine one last time This is how you go out, @StephenAtHome! 😂 And may @CBS implode literally the same way without you
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Xi engaged in what lobbyists call "grin-f**cking" with Trump, and it clearly worked.
The White House@WhiteHouse
"When President Xi very elegantly referred to the United States as perhaps being a declining nation, he was referring to the tremendous damage we suffered during the four years of Sleepy Joe Biden... But now, the United States is the hottest Nation anywhere in the world" - President Donald J. Trump 🇺🇸
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@imetatronink @davidclowery Ha! My first was the Cat's Cradle in Carrboro, North Carolina. Same lineup. Who the hell are Counting Crows anymore?
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@davidclowery I'll see you in SLC in September.
Which reminds me of the first time I saw Cracker, at the venerable old Zephyr Club in downtown SLC back in 1994. You opened for Counting Crows, which was a tough follow for them, because you guys stole the show.
Amazing how time flies ...
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Well since the Richmond show sold out so fast. How about the Annapolis show. June 14th. Playing The Golden Age. axs.com/events/1330876…
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The economics of premium credit cards for merchants and consumers. Hat tip @BorrowerJustice indebt.substack.com/p/mega-bank-ra…
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@yasminradjy @jjabbott @swingleft I second that. No reason to donate to a Dem congressional race without checking with Yaz.
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Carter Dougherty retweetledi
The Court is broken. It must be reformed.
Elizabeth Warren@ewarren
Our immediate priority is to take back our Congressional majorities. But I'm also keeping an eye on the big picture: a democracy that reflects the will of the people. That means reforming SCOTUS by enforcing a code of conduct and expanding the Court to rebalance it.
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@JillCastilla @BrendanPedersen Ask the Dem ranking member, for example, about modernizing Glass-Steagall, eliminating the megabank advantage. I think you'll find lots of people on the left willing to talk. Myself included!
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@CarterD @BrendanPedersen Crazy may have been too strong, but it’s not often that you have a dynamic like this where a community bank amendment won’t be discussed by the current majority.
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To clarify what's happening: Senate Democrats wanted an amendment vote on bank-supported language to restrict yield, plus law enforcement requested changes.
Chair Scott is refusing to hold a vote on those provisions, which would carry political liabilities for Republicans.
Brendan Pedersen@BrendanPedersen
Chair Scott (R-S.C.) just said he is accepting a Democratic request to reintroduce some amendments that were ruled out of order earlier. Warren objecting, saying the ruling is arbitrary and doesn't restore all amendments tossed this morning.
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@JillCastilla @BrendanPedersen It's not so crazy ... Some Dems want to do things for community banks. Maybe not everything. But too many community bankers reflexively distrust them.
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@BrendanPedersen It's kind of crazy that the Ds are the ones standing for traditional banking and law enforcement. What a world we're in.
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Carter Dougherty retweetledi
I voted to redraw our congressional map in January, and I’m prepared to go back to Annapolis for a special session to take that same vote.
Congress can end this now by forcing a vote to ban mid-decade redistricting, but until then Maryland can’t ignore the redistricting war that Trump and Texas Republicans started.
We need to fight back.
Stephen Neukam@stephen_neukam
NEWS — Top Maryland Dems in the state, including Senate President Bill Ferguson, are discussing the possibility of redrawing the state's congressional map, multiple sources told @NOTUSreports In statement, Ferguson spokesman says he has communicated to other Maryland Dems that he is "open to a conversation" on redistricting. Ferguson opposed an effort to redraw the map last year. Now, his team says Ferguson is "as outraged as the Governor about what is happening in the country and understands that the stakes are even higher.” This week, national Dems on Capitol Hill have been publicly and privately squeezing Dems in Annapolis to take up redistricting. The state currently has just one GOP-heavy district on the Eastern Shore More w/ @DaniellaMicaela @avanidkalra notus.org/house/maryland…
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Carter Dougherty retweetledi
This is interesting because one of @AlsobrooksForMD stated rationales for why the bill needs to happen is a fear of losing voters.
POLITICO@politico
Poll: Congress is all in on crypto, voters aren’t dlvr.it/TSWy4H
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@matthewstoller Still need Dems to hold out, demand accountability from Fed. Etc. onward!
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It's a party line vote. Fed Independence is toast.
Rapid Response 47@RapidResponse47
✅ CONFIRMED: Kevin Warsh as the 17th Chairman of the Board of Governors of the Federal Reserve System
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@JBSDC Don’t think much has changed, actually. She wants people who have demonstrated independence. Like Gary Gensler!
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@JBSDC As luck would have it, Elizabeth Warren addressed this very issue about 13 years ago, shortly after being elected to the Senate: warren.senate.gov/newsroom/op-ed…
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I think this is a very real danger. FDR hired a ton of people from finance and business in 33 for a reason: they knew how things worked and how to reform them effectively.
Conor Sen@conorsen
A worry I have is there’s been a divorce between Dems and business, which is leading Dems to run without any input from business and corporate America to lack influence with Dems for when Dems sweep back into power.
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@conorsen As luck would have it, Elizabeth Warren addressed this very issue about 13 years ago, shortly after being elected to the Senate: warren.senate.gov/newsroom/op-ed…
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A worry I have is there’s been a divorce between Dems and business, which is leading Dems to run without any input from business and corporate America to lack influence with Dems for when Dems sweep back into power.
Matthew Yglesias@mattyglesias
I feel like if a Democratic president was trying to ban new built-to-rent housing projects we would be hearing a lot from right of center businessmen about how that's a dumb idea.
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Carter Dougherty retweetledi
It would take the CFTC about 5 minutes to figure out who this was and whether there was any misconduct, assuming they want to.
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Carter Dougherty retweetledi
@brian_callaci Okay, the hand stamp part really lands, I have to say.
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The quintessential GenX pop cultural hero was The Slacker. Who are you kidding with this GenZ grindset stuff.
Reese@Reeseforsure
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I'm sure the Silicon Valley billionaires, having aligned with Trump on so many things, will now break with him over the idea of government review of AI models, especially intel agencies. Surely they will ditch him ...
Cat Zakrzewski@Cat_Zakrzewski
NEW: The Trump administration is sharply split over a proposal to give spy agencies a bigger role in evaluating AI models. One person described it as a 'knife fight.' w/ @nakashimae @nitashatiku washingtonpost.com/politics/2026/…
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