Darlene McDonald for Congress

14 August 2017All across the country incredible first-time candidates are entering the political fray. Darlene McDonald (@VoteDarlene), running in UT-4, is an articulate, accomplished, woman with a truly compelling backstory. This is the very kind of candidate who has the ability to change the Democratic party…and I don’t mean only if she wins. Darlene’s message, story and her campaign carry the voice of the party in the way no amount of tweeting, blogging or, frankly, podcasting, every will. Darlene is precisely how and why the Democratic party will shine and grow in the future and we LOVED having so much time to talk with her. We think that after you hear from her you will want to support her and we look forward to having her back as the race heats up.

Will threw down the gauntlet in the Lying Liar Lie of the Week segment describing some of the abuses perpetrated by the new Netflix show, What the Health. Will makes the point that someone with a doctorate in English advising on health and health-related issues is disingenuous at best. Sadly, for Will and for all of us, I soundly defeated him with the report, from Alex Thompson at Vice News, that Trump gets a 22 to 25-page report twice each day full of all the positive things said about him on cable news, Twitter and the like. Inside the administration this document is called the Propaganda Document. Unlike past administrations, which collected media in order to judge the public mood positive or negative, only positive media is forwarded to Trump and the intention is strictly to fluff his ego. (Yuck!)

Will hasn’t taken us to Scotland lately and, of course, we knew that couldn’t last! For the past few years, HMRC has been engaging in what might be called “Willful Incpompetence” when it comes to measuring the Scottish Economy. As far as various sectors of Scotland’s economy are concerned (including two of the biggest, oil and energy) HM Revenue and Customs has been allocating Scotland’s economic activity to an “Unknown Region” because they simply didn’t want to do the work to determine where said economic activity was actually occurring. Recently, they were forced to update their figures revealing that they had been understating the value Scotland’s Oil exports by about 90%. This equates to 15 Billion worth of revenue that was allocated to an “Unknown Region,” and these updated figures still do not give an accurate accounting of Scotland’s economic activity.

I finish-up my three week run on Dodd-Frank and the efforts by the administration to change the Volker Rule both by legislation and just by reinterpreting enforcement. Dodd-Frank and the Volker Rule seem like distant things which are way above the “pay grade” of most of us but the fact is that these are the rapidly breaking walls which are holding back the surge of another financial crisis just like the last one. The GOP and Wall Street have learned nothing. Fed Chair, Janet Yellen, and FDIC Director, Martin Gruenberg, are among the only (Obama appointed) regulators standing between the Trump hoard and their goal. Emailing them your support would not be a wasted effort. They need to know we are watching. Additionally, the Office of the Comptroller of the Currency has opened Volker revisions up for public comment. You are the public so go here to comment. It is not important that you be technical. Tell them your story and make sure they know you are paying attention.

I will be away for the next two shows but Will and our new team have got you. Carrots! – Arliss

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Charles Gaba – Fixing the ACA, a Deep Dive

7 August 2017 – This week we go really deep into the weeds, which is our favorite place! National ACA expert, Charles Gaba (@charles_gaba aka Brainwrap) of ACASignUps.org fame is with us to help us sort out current legislative efforts, what needs to be done as well as what is politically possible. Charles also defines and clarifies terms like “Medicare for All” and explains the problems with Dems settling on that vocabulary and policy at this point.

Will starts us out with a bang and a rant. I chime in too. We have both just HAD IT with with the “Brocialist” attitude toward women. We also REALLY hate the entitled, special snowflake crap they throw at every idea which does not fully comply with their purity tests. Politics is work and compromise. It’s about community. It’s almost always a long, hard slog to get anything of real merit. It’s definitely not for the whiny or precious. Being mean, vindictive and exclusionary is expressly not welcome in the big tent of the Democratic party. Everyone who wants to work, cooperatively to achieve the platform goals is welcome. Brocialists? Get the hell out.

I devote my segment this week to part two of a three-part “series” highlighting the current, fierce attack on Dodd-Frank. Last week I was on the Consumer Finance Protection Bureau (CFPB). This week I review the basics of the rest of Dodd-Frank in preparation for getting into detail regarding the increasingly successful Trump administration attack on the foundations of our entire financial system. It’s a big deal and very much under-covered in the media, hence a three week project to shine a light.

I’m here next week but traveling for the following two weeks so you can look forward to hearing from some of our new folks later in August. Carrots! – Arliss

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You Heard It Here First…

19 June 2017 – This was one of those shows where Will and I covered a lot of ground. We did not have an interview (and there is no Extra Mad) so we just moved straight through the show with no breaks.

I began with a nod acknowledging Will for bringing on Math Campbell last week and taking time from the discussion of the UK snap election results to talk with Math about the fact that the new agreement between the May government and the DUP has destabilized the already precarious Good Friday Agreement. This week Gerry Adams and the group of the Sinn Fein leadership met with PM May and made their grievances known and clear. Interestingly, Adams also pressed May on the fact that her austerity economics has drained more than £1bn out of the Northern Irish economy, an economy already dramatically endangered by the coming closure of the border between the Republic of Ireland and the Counties.

I also took a moment to note that MP Jo Cox was assassinated one year ago this week and the memorial event her family planned, The Great Get Together (#Jo Cox, #GreatGetTogether, #MoreInCommon) spread deep and wide across the country as people joined to acknowledge their desire for less divisiveness and more unity. More than 100,000 listed events took place and millions of people participated in everything from fair-like activities held in parks to tea parties held at libraries, churches, mosques and synagogues and even in simple things like baking cupcakes for neighbors. In this week when members of Congress and their staff were terrorized in Alexandria, it seemed appropriate to take a look at what trying to heal could look like if we wanted it to.

In our Hopping Mad’s Lying Liar Lie of the Week segment Will’s contender was the inability of the Trump administration to have any actual idea if Trump went to see Rep. Steve Scalise. I nominated Trump’s “witch hunt” tweets and included my favorite response tweets. As it turns out, Congressman Seth Moulton (D-MA) made the best case. He, of course, represents Salem, MA. ’nuff said.

In the body of the show I use the example of the central bank of Denmark warning its member banks about concerns related to the hot lending market despite the fact that all of those banks have passed ECB compatible stress testing. Meanwhile back in the US, the House voted to roll-back Dodd-Frank and the Trump administration is tamping down regulatory enforcement at every opportunity. This leaves only the Fed between us and the same economic disaster which nearly destroyed the economy in 2007. So – every time you hear the deeply misguided “audit the Fed” meme, I want you to remember this week and thank the Great Bunny that the US Federal Reserve is (relatively) independent and self-funded.

Will then spoke about the violent, so-called “left” DemExit movement and enumerated the ways in which they not really part of the left and definitely not part of the Democratic Party. Their dangerous, nihilistic rhetoric is really not about politics it’s just a self-justification for their rage. They are not interested in engaging in the public debate about policy. Truly, their only focus is on revolution in the streets and destruction. Just as progressives blame the GOP for not having called-out the violent, far right; progressives must now take responsibility and call out the terrorists on the farthest fringes of the left for both their views and actions.

I followed-on the subject of the responsibility to speak out by talking about former Fed Chair Ben Bernanke’s new book, Courage to Act. NOW Bernanke acknowledges the the economic crazy is all coming from one side, the GOP, and even goes so far as to blame the Obama administration for not having issued more progressive budgets and then fought for them. Ben, where were you then!?!

This show will air on 19 June and so I thought it was appropriate to take time to talk about the history of Juneteenth and why it is a relevant and important holiday for all Americans. I have to say I had to educate myself from scratch in order to even be able to speak in the most general ways about Juneteenth but I hope to listen and learn more in the coming year. By next year I would hope to lift up this topic with greater understanding.

One last thing – Rebecca Romans, thank you for the AMAZING TOUR and for all that you do in supporting progressive media. I know I speak for many podcasts when I say that we all love you! Many, Many Carrots! – Arliss

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Reprise: Alexis Goldstein & Dodd-Frank

6 June 2016 – Will and I were unable to record a new episode this week so we are reprising our episode from March which featured Alexis Goldstein of Americans for Financial Reform. Alexis gave us a truly exceptional interview on Dodd-Frank and given that our interview last week was on the foreclosure crisis, with David Dayen, we thought touching back to our conversation with Alexis made sense.

You can go here for our original episode notes.

We will be back next week with an all new Hopping Mad. – Arliss

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Dodd-Frank with Alexis Goldstein

21 March 2016 – This week we take a deep dive into Dodd-Frank. As I have been promising for the past several weeks, I start out with a fast but fairly detailed backgrounder on the legislation itself. Then, our guest, Alexis Goldstein updates us on where we are today with the implementation process. Alexis is a Senior Policy Analyst at Americans for Financial Reform and has been in the thick of the Dodd-Frank battle from back in her days with Occupy the SEC when she co-authored a 325-page Comment letter to the Securities and Exchange Commission urging them to write rules for a strong version of the Volker Rule. Seriously, that’s my kind of banking wonk. During our conversation Alexis referred to a link at Bloomberg and that is here for your easy reference.

Will begins the show talking about Bernie’s Town Hall on the Navajo reservation, while correcting the record. President Russell Begaye had a “very good” discussion with Bernie, where he talked with the Senator about the need for a cabinet-level position for Native Americans, which could cut across various federal agencies, asked that Native Governments be respected as sovereign entities, and asked that the government honor its treaty obligations. While President Begaye spoke in glowing terms about the Senator’s visit, he has not endorsed any presidential candidate in the 2016 election, contrary to claims being made online.

Will also made some noise about the deafening silence in the aftermath of the execution-style murder of three young black Muslims in Fort Wayne, Indiana in late February.

Here the daffodils are up in the front yard and the tulips are coming on right behind them. I hope it is equally beautiful wherever you may be. – Carrots! Arliss


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