Instapopulist

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Welcome to the Instapopulist! This is a new forum for all registered EPers to report breaking news, ramble an economic rant, ask a question or write a full bore article. To become an Instapopulist, go to your navigation menu and click on create content. Then write away. To help in formatting, click on the rich-text editor to bring up the tools. There is additional information in the user guide. Any questions or problems, just leave a comment and happy writing all Economic Populists!

The World is Nuanced

History is nuanced. The connections between what happened historically and the way things are now, are nuanced. Will anyone claim that President-Elect Trump has a nuanced understanding of the ways things are and the history of how they came to be that way?

Tweets are not nuanced. You can express a provocation in 140 characters or fewer, but you can’t express a concept, much less a nuanced concept. That’s why some people are tweeting in chains. But that too is a poor substitute for rational discourse.

Trumpen Proletarians Unite!

You have something to lose: your overtime!

Forgetful of the support of working class voters in the election, Mr. Trump will nominate an opponent of the Obama Administration’s new overtime rule, Mr. Andy Pudzer, for Secretary of Labor. The rule more than doubles, to $47,000, the salary threshold at which a worker can be considered overtime exempt based on job duties. It was set to go into effect later this year, subject to a challenge in the federal courts.

PIMCO Metaphors

Reuters published an item on a PIMCO report predicting a 2 - 2.5% increase in gross domestic product during 2017. I didn’t read the report (the item doesn’t have a link), as I was put off by the following excerpt:

Pimco, a unit of Allianz SE (ALVG.DE), characterized the world as "stable but not secure."

Elite Anti-Trump Hysteria is an Act

Recently, my news feed and social media feed have been inundated with story after story about Russia “hacking” the election, the Electoral College going rogue and blocking Trump reaching the requisite 270, “briefing” the Electoral College on the Russian “hack,” holding a new election, etc. If the roles were reversed, the Russian allegation would be denounced as a wild conspiracy theory and those promoting Electoral College sabotage would be accused of hostility to democracy and outright subversion.  

Patched Up? Or Patched Over?

What Speaker Ryan said on 60 Minutes last weekend about letting “bygones be bygones” with President-Elect Trump may only be partly true. There are certainly contradictions within the Republican party as a whole. But as between these two individuals, both ready to wield powers granted by the Constitution, the proper word would be “confrontation,” not dialectical “contradiction.”

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