The Economy is Doing Well
Federal Reserve Chair Jerome Powell testified today before the Senate Committee on Banking, Housing, and Urban Affairs, saying that although the rise in COVID cases due to the Delta variant had slowed recovery, the gross domestic product is still on track to grow about 5% in 2021. According to Christine Romans, CNN’s chief business correspondent, the last time we had that kind of growth was under the Reagan administration forty years ago.
Unemployment is also down. The economy added 531,000 jobs in October, dropping the unemployment rate to 4.6 percent, the lowest rate since November 1969.Meanwhile, the American Rescue Plan is restoring the nation’s basic social safety net. According to Treasury Secretary Janet Yellen, food insecurity dropped 24% for families as a result of Biden’s Child Tax Credit, creating “a profound economic and moral victory for the country.”Powell also noted that inflation is up, from the 2% level for which administrations aim to about 5%. He predicted that inflation will ease as supply chains smooth out and as the administration takes measures at its disposal.In illustration of what sort of measures those might be, Biden released 50 million barrels of the nation’s oil reserves to combat the rising gas prices that have grabbed headlines. Other nations, including India, the United Kingdom, and China, released some of theirs as well, and the price of WTI Crude has dropped back to what it was in early September. That fix may very well be temporary as economic growth puts pressure on oil supplies.
There were some terrible headlines yesterday about the jobs numbers yesterday. That is annoying because a lot of the data was really good
The 4.2 percent unemployment rate, down from 4.6 percent in October was particularly significant, because it came as more workers returned to the workforce, looking for jobs. During much of the pandemic, drops in the unemployment rate have at times come from workers leaving the workforce for a variety of reasons including public health concerns, child-care challenges and retirement.
“Holistically this report looks pretty good,” said Drew Matus, chief market strategist for MetLife Investment Management. “More people are participating in the economy and fewer of them are unemployed. When you take those two together, I think they’re more important than what the headline payroll figure might look like.”
Yes, weird. Those bad numbers are numbers that have been bad every month and then had to be revised upwards when they came in as “real” numbers
We Can Win in 2022
I am not going to pretend that 2022 is going to be easy. We are the underdogs. But we don’t give up. Look at the kids:
At 13 years old, DJ Horton can’t vote or even drive a car, but that hasn’t stopped him from becoming a prominent voice in Georgia’s redistricting process.
Horton is one of the dozens of teenagers mobilizing and testifying in Georgia’s redistricting process this year, juggling finals and extracurriculars with special legislative sessions and injecting an unusual level of youth engagement into a typically wonky, insiders’ political routine.
In the last few years, a surge of interest in redistricting has raised awareness about the effects of gerrymandering and propelled many states to revamp their map-drawing processes, prompting more young people to get involved around the country. Middle school students in New York created an algorithm for drawing maps, while North Carolina college students lobbied against the gerrymandering that split their campuses into multiple districts.
and some opportunities:
and some examples of winning:
Democrats pried one more legislative seat from Republicans as Topsfield’s Jamie Belsito defeated Rowley Republican Robert Snow on Tuesday.
A women’s health advocate, Belsito is poised to fill the seat held for more than two decades by Ipswich Republican Brad Hill, who resigned his seat to join the Massachusetts Gaming Commission. The win enables Democrats to further bulk up their supermajority status on Beacon Hill.
and some AMAZING candidates:
Justice is out there
The SC news this week was depressing as hell for all of us who wanted to give out daughters a better world (and certainly not a worse one).
A New Hampshire man who threatened to hang six members of Congress if they did not “get behind Donald Trump” will spend 33 months in federal prison, according to officials.
Democrats are doing great things
President Biden announced an array of measures Thursday to protect Americans from a potential winter surge of coronavirus infections
The president’s plan includes campaigns to increase vaccinations and booster shots, more stringent testing for international travelers and plans to make rapid at-home coronavirus testing free for more people. While some of the measures are new — notably a plan to launch “family mobile vaccination clinics,” where all eligible members of a family could simultaneously get shots and boosters — others build on existing tactics, such as rallying businesses to impose vaccination-or-testing mandates for employees.
Former White House chief of staff Mark Meadows will come in for a deposition with the select panel investigating the Jan. 6 insurrection “next week,” its vice chair, Rep. Liz Cheney (R-Wyo.), said in a brief interview with POLITICO.
this one just made me laugh:
The Jan. 6 select committee has not subpoenaed the phone records of any members of Congress but is likely to do so, multiple people familiar with the panel’s work told POLITICO.
Seizing lawmakers’ private communications would be a controversial decision, one that’s already sparked preemptive resistance from House Republicans, and investigators are proceeding carefully as they weigh their next steps. The panel is homing in on a limited number of GOP lawmakers with whom rally-goers claim to have communicated.
Here’s the best-kept secret about the so-called abortion “debate” in the United States: It’s actually not that much of a debate at all. A majority of Americans believe that the decision to end or continue a pregnancy should be left to a woman and her doctor, not the state. Most Americans oppose laws that make it more difficult for reproductive health clinics to operate.
Despite political treatment of abortion as a contentious partisan issue, the truth is that America is a pro-choice nation. And if the anti-abortion movement gets their way and the Supreme Court overturns Roe, the Republican Party and the Supreme Court itself will have a lot of angry Americans to contend with.
Good Virus Deals
As President Biden exhorts Americans to get coronavirus vaccines and booster shots to strengthen protections against the delta and omicron variants, another age group might soon become eligible for the boosters: 16- and 17-year-olds.
Pfizer and its partner BioNTech are expected to ask the Food and Drug Administration in the coming days to authorize its booster shot for that age group, according to two people familiar with the situation. The regulators are expected to sign off quickly, said the individuals, who spoke on the condition of anonymity because they were not authorized to discuss the issue.
still lots to learn about Omicron and the rate at which it is spreading is alarming, but there is reason for hope as well
Expert advisers to the Food and Drug Administration recommended authorization Tuesday of the first coronavirus pill to prevent high-risk people from developing severe illness in a divided vote that reflects the complicated mix of benefits and risks involved with a new and easy mode of treatment.
“We may not need a variant-specific boost; we’re preparing for the possibility that we need a variant-specific boost,” Fauci said. “And that’s what the companies are doing. We have been — the administration has been in contact with the pharmaceutical companies to go ahead and take the steps in case we need it. But the mistake people will make is to say, ‘Let me wait and see if we get one.’ If you’re eligible for boosting, get boosted right now.”
Jill Biden’s White House is stunning
After four years of bleak and weird, it is so lovely to see the White House decorated so beautifully.
Best Gifts Ever!
I get most of my holiday gifts from Speakeasy Works. It is owned by a Buffalo, NY woman who is a key member of the local activist movement, an amazing artist, and who spends much of her time helping local refugee women support themselves (and their families) through fiber arts. She is amazing. All of her items are made by her. Some of the fabric is designed by her and all the embroidery is done by hand.
As a holiday treat for her fellow Gnusies, she is giving all Good News Roundup readers free US shipping + 10% off on all orders of $35+! Use code: goodnews
You can find her shop here: www.speakeasy.etsy.com
The special deal is only available this weekend, so head over ASAP. What did you buy? Let us know in the comments!
The products are super well made and even lovelier in person! Here are some I love:
and one of my favorites:
Like them? Head on over and see more and get yourself some awesome gifts, made from one of the most amazing woman I know. Support a small independent women led business and a fellow progressive ally. AND give someone a cool holiday gift they will LOVE. Win, win, win!
Free US shipping + 10% off on all orders of $35+! Use code: goodnews
You can find her shop here: www.speakeasy.etsy.com
The special deal is only available this weekend, so head over ASAP.
On The Lighter Side
What can you do to save democracy?
- Run for something! Seriously? Why not you?
- Get involved with the Democratic party. We aren’t perfect, but they are fucking evil.
- Get involved with Swing Left. They are working on races right now!
- Get involved with Postcards to voters! Influence voters in key areas from the comfort of your own home!
- Donate to the AMAZING Florida Rights Restoration! They are taking buses around Florida to empower returning citizens, remove financial barriers to voting, and increase public safety. They are really amazing
- Make phone calls FROM YOUR OWN HOME to protect voter rights. There are phone banks on Wednesdays and on Saturdays.
- The ACLU plays a key role in filing lawsuits that often stop voter suppression. Get involved with them at this link.
- The League of Women Voters work year-round to combat voter suppression through advocacy, grassroots organizing, legal action and public education. You can get involved with them at this link
- Volunteer with Black Votes Matter at this link. They have on the ground work in 10 states and people from other states can write postcards, phone bank, fundraise, and text.
- Spread The Vote works to get voters IDs before voting begins. You can volunteer with them at this link.
- Sign up at Democracy Docket to stay informed about the fight against voter suppression and the fight for voter rights.
Most important: DON’T LOSE HOPE. This is a giant and important fight for us but, win or lose, we keep fighting and voting and organizing and spreading truth and light. We never give up.
That is it for today.
I am so lucky and so proud to be in this with you ✊🏾✊🏻♥💙💚💛💜🧡✊🏽✊🏻
This is a Creative Commons article. The original version of this article appeared here.