geraldmcgrew

geraldmcgrew

@geraldmcgrew.bsky.social

Socialist who believes we must defeat fascism, that neoliberal capitalism is no longer viable even by capitalist standards, and that we must consolidate green social democracy – all while building movement strong/large enough to achieve true socialism ASAP

24.7K followers23.4K following4.2K posts

*A new resolution demands that Congress withhold support for AI companies that bankrupt themselves and instead respond to any future recession by supporting ordinary people* by @ddayen.bsky.social October 28, 2026 #Anthropic #ArtificialIntelligence #BigTech #Congress prospect.org/2026/10/28/h...

prospect.orgHouse Progressives Throw Down a Marker: No AI Bailouts - The American ProspectA new resolution demands that Congress withhold support for AI companies that bankrupt themselves and instead respond to any future recession by supporting ordinary people.

*The text of the seven-page resolution recounts the history of the financial crisis, the lack of prison time for those whose illegal actions caused it, and the congressional bailout delivered to big banks instead of workers or homeowners* #bailouts #FinancialIndustry prospect.org/2026/10/28/h...

prospect.orgHouse Progressives Throw Down a Marker: No AI Bailouts - The American ProspectA new resolution demands that Congress withhold support for AI companies that bankrupt themselves and instead respond to any future recession by supporting ordinary people.

*The resolution says that the government should take action but bail out workers instead of executives through fiscal stimulus, job creation, and retirement fund backstops, so workers and consumers are protected with immediate benefits if an economic collapse commences* prospect.org/2026/10/28/h...

prospect.orgHouse Progressives Throw Down a Marker: No AI Bailouts - The American ProspectA new resolution demands that Congress withhold support for AI companies that bankrupt themselves and instead respond to any future recession by supporting ordinary people.

*A number of members of the US Congress have also congratulated Lula on his victory, including Senator Bernie Sanders (I-VT) and Representatives Chuy García (D-IL), Ro Khanna (D-CA) and Greg Casar (D-TX). Democratic nominees for US Congress Claire Valdez and Darializa Avila Chevalier have as well*

I actually don't believe this could (literally) be us. But I absolutely, positively, unequivocally DON'T believe capitalism works ✊

geraldmcgrew@geraldmcgrew.bsky.social

*Capitalism is failing us. Instead of bringing a decent life it generates an outrageous gap between the rich and the rest; unaffordable housing, healthcare & education; racial & gender inequality; climate disaster. Economist David Kotz argues it's time we built a new socialism for the 21st century*

geraldmcgrew reposted

*Former Fed chair Alan Greenspan got nearly everything wrong, but he will be lionized at a VIP event next week that demonstrates just how the bipartisan capitalist establishment governs* by Robert Kuttner October 19, 2026 prospect.org/2026/10/19/t...

prospect.orgThe Blob Celebrates Alan Greenspan - The American ProspectThe former Fed chair got nearly everything wrong, but he will be lionized at a VIP event next week that demonstrates just how the bipartisan capitalist establishment governs.

*Former Fed chair Alan Greenspan got nearly everything wrong, but he will be lionized at a VIP event next week that demonstrates just how the bipartisan capitalist establishment governs* by Robert Kuttner October 19, 2026 prospect.org/2026/10/19/t...

prospect.orgThe Blob Celebrates Alan Greenspan - The American ProspectThe former Fed chair got nearly everything wrong, but he will be lionized at a VIP event next week that demonstrates just how the bipartisan capitalist establishment governs.

geraldmcgrew reposted

As Cooper points out in his article, “almost every good thing the Court has ever done has been an exercise of vertical review,” not horizontal review which is what the book *Supremacy* is challenging. Also, the progressive direction of the Warren Court was an historical anomaly, as detailed here...

ryan cooper@ryanlcooper.com

the new book Supremacy is the most clarifying and clearsighted book about the Supreme Court I've ever read. and somewhat to my surprise it's by two Harvard Law profs! prospect.org/2026/10/05/o...

geraldmcgrew reposted

geraldmcgrew reposted

*Under Trump, job growth and real wages have weakened while investment and consumer spending increasingly depend on the AI boom and rising stock prices. The economy’s outlook hinges on whether AI delivers productivity gains or the bubble bursts* By @deanbaker13.bsky.social cepr.net/publications...

cepr.netThe Trump Economy: AI Bubble and BeyondThe Trump economy faces slowing job growth, falling real wages, rising deficits, and growing dependence on the AI boom.

geraldmcgrew reposted

*Despite the efforts of an out-of-control federal monitor, union president Shawn Fain has won re-election by a huge margin* by Harold Meyerson October 13, 2026 #automakers #autoworkers #labor #ShawnFain #UAW #unions #WorkingInAmerica prospect.org/2026/10/13/m...

prospect.orgThe Militants’ Victory at the UAW - The American ProspectDespite the efforts of an out-of-control federal monitor, union president Shawn Fain has won re-election by a huge margin.

geraldmcgrew reposted

geraldmcgrew reposted

*If Trump needed one more calamity less than three weeks before the election, the financial house of cards is tottering* by Robert Kuttner October 16, 2026 #CPI #diesel #EconomicPolicy #Environment #FederalReserve #inflation #InterestRates #Iran #MiddleEast #Russia prospect.org/2026/10/16/p...

prospect.orgA Perfect Economic Storm - The American ProspectIf Trump needed one more calamity less than three weeks before the election, the financial house of cards is tottering.

geraldmcgrew reposted

geraldmcgrew reposted

*If Trump needed one more calamity less than three weeks before the election, the financial house of cards is tottering* by Robert Kuttner October 16, 2026 #CPI #diesel #EconomicPolicy #Environment #FederalReserve #inflation #InterestRates #Iran #MiddleEast #Russia prospect.org/2026/10/16/p...

prospect.orgA Perfect Economic Storm - The American ProspectIf Trump needed one more calamity less than three weeks before the election, the financial house of cards is tottering.

geraldmcgrew reposted

I am in politics because @indivisible.org demanded the Senate deny unanimous consent in February of 2025. They are capable of bold, effective action. But like Congress, they are choosing not to take it. The problem is, they want everyone else quiet too. Here's how they tried to silence Montana.

Keira Havens@highcountryrose.bsky.social

Thanks to @currentaffairs.bsky.social for letting me put pen to paper here, and to the local organizers who stood up for their communities. www.currentaffairs.org/news/no-king...