American Capitalism is BROKEN and we need to fix it

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Impeachment

It’s a sad day for our country, and I wish President Trump would correct the situation, for the good of our country. Like many middle of the road people, I doubted that President Trump’s campaign actively colluded with the Russians, or had even been organized enough to be that conniving. And the frenzy around the Mueller Report, at its extremes, could be viewed as a Witch Hunt. But this is different – asking for foreign help against Biden does step over that line, and was wrong. I understand the President’s negotiator’s instincts to always try to expand the Ask, and I understand that the President feels that exposing Biden didn’t just benefit him, but would also benefit the country by providing a truer picture of who was doing what leading up to the 2016 election. But whatever the motivations or back story, the President still crossed a line.

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Fix Capitalism

Fifty years ago the wealth our economy created was broadly distributed throughout our society. Over the last thirty years almost all of the new wealth created, $21 trillion, has gone to a very small part of our population, with the middle class and poor getting almost none of the gain.

This wasn’t the natural result of Capitalism. It happened because the Keepers of Capitalism allowed a second set of rules to be slipped into different parts of our economy that only benefited a very small part of our population. It happened because we stepped away from one of the key principles of capitalism – it works better if the playing field is level.

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AOC Just Made Elizabeth Warren More Electable

There’s an old joke in politics: “I will be for you or against you, whatever will help most.” You almost wonder if Congresswoman Alexandria Ocasio-Cortez had that conversation with Warren. Because AOC just helped Warren seem a little more moderate, and helped inoculate her, at least a little bit, from charges of being too left wing.

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The Risk of Trump’s Tax Returns

I know a lot of people on the Left are excited about getting access to Trump’s tax returns. I hope that the Democrats realize there is as much political risk as there is political benefit in doing so. I absolutely agree that Congress has a right to review Trump’s tax returns, and that getting those tax returns can serve a legitimate legislative purpose. But Trump is also right that it seems like some of the Democrats want access to Trump’s tax returns to embarrass him and cause political damage, and possibly even open him up to some kind of prosecution for tax evasion. And it seems almost inevitable that someone will leak the bad parts of Trump’s tax returns to the press. But here’s the deal – the embarrassing stuff isn’t going to matter. And if the leaks suggest he cheated on his taxes, it’s even worse…

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Regulation and the Sheep Markets

Somehow our conversation on the role for the government in our economy has gotten distorted, pulled between no regulation on the right and socialism (yes, socialism) on the left. We need to get back to the middle path, Democratic Capitalism. In the real world, you can’t have a strong national economy without a strong, but contained, national government. The Free Market isn’t the absence of rules, it’s the federal government ensuring everybody plays by the same set of rules. This includes the government serving as Guarantor of Claims, ensuring that what is printed on the can of beans matches what’s in the can of beans.

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Practical Libertarianism

Core Libertarian principles support a practical role for government in our economy and society, as a means of extending freedom. Government, certainly, can be coercive and limit free will. But in our interconnected, industrial world, the market itself can also be coercive. We need government to protect individuals against the coercion of the market. We need government to actively ensure that all Americans have the skills and opportunity they need to participate in our economy, to pursue their own version of the American Dream. I believe Libertarianism supports a role for Government as a tool to extend free will.

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Elizabeth Warren Can Lose All By Herself

I have Democratic friends that worry that if I am on the ballot in November 2020 that I will help get President Trump reelected, by splitting off part of the anti Trump votes

But what my Democratic friends should be worried about is Elizabeth Warren becoming the Democratic nominee

Because Sen. Warren in her current form is more than capable of losing the 2020 election to President Trump all by herself

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Everyone Gets in the Game

Everybody Gets In the Game. One of the keys to the compromise of Democratic Capitalism was a commitment that we use the power of government to ensure everyone has a chance to participate in our economic system – to make sure everyone gets in the game. It’s the most basic promise of our Constitution – Equality of Opportunity.

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One Set of Rules

Capitalism actually works better if we have one set of rules – it keeps the competition in the economy, instead of in Washington. The Keepers of Capitalism have allowed a second set of financial rules to be slipped in, which only benefits a narrow part of our population. This second set of rules is undermining capitalism and undermining our company. We need to get back to one set of financial rules for everyone.

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