My old colleague Doug Schoen from the Clinton White House days has an op-ed out in the New York Times that is remarkable for its audacity. In “Why Democrats Need Wall Street,” he argued that Democrats have not been winning many elections lately because the party philosophy has become more Bernie Sanders and less Bill Clinton. According to Schoen, “moving the party away from a reflexive anti-Wall Street posture” was a key factor in the success of one Clinton presidency and the
Republicans have officially stopped caring about the deficit they bemoaned constantly for the eight years Barack Obama was president. And in the face of all kinds of non-partisan analysis, some of them even are admitting that yes, the enormous tax cuts they propose are mostly benefitting very rich people.
However, the GOP insists that increasing the deficit in service to the bottom line of the top 1% is worth the tradeoff because it will trigger an explosion in economic gro