Tag Archives: Election 2020

Joe Biden: 5 Questions for Donald Trump at Coronavirus Pandemic Briefing

Vice President Joe Biden offers stark difference to Donald Trump in focus and approach to addressing coronavirus pandemic poses five questions to Trump that should be asked at the daily briefing (c) Karen Rubin/news-photos-features.com

The coronavirus pandemic has completely derailed the 2020 presidential campaigns. While Trump has a bully pulpit and turns daily briefings into political rallies, challengers including Vice President Joe Biden cannot compete for visibility or reach. We will do our part, as much as possible, to broadcast their messages so that voters may discern for themselves who should be elected to lead this country. This is from the Joe Biden campaign, which came before Trump, switching focus from the 10 minutes he spent concerned about the spread of the disease and having an adequate health care system, turned again to prioritize the economy, saying he would look to end measures in a matter of weeks (not months) designed to slow the spread of COVID-19 in order to goose the economy. Trump said that the economic impact could become worse than COVID-19 itself. “We cannot let cure be worse than the problem,” causing the medical community to scratch heads.  The desire to prioritize economic health over people is echoed by other Republicans and rightwingers. Texas Lt. Gov. Dan Patrick said lots of grandparents would be willing to die in order to save the economy for their grandchildren. This is from the Biden campaign, in advance of Trump’s March 23 briefing–Karen Rubin, News & Photo Features.

Five Questions for Donald Trump at Today’s Briefing

As Trump Attempts to Spin Away His Historic Failure to Combat the Coronavirus, Here Are Five Questions He Needs to Answer at Today’s Press Conference

1.  Why do you continue to support efforts to roll back the Affordable Care Act and kick tens of millions of Americans off their insurance in the middle of a global pandemic?
 
Ten years ago today, President Obama signed the Affordable Care Act into law, expanding access to quality, affordable health care for millions of Americans. But, even in the midst of a global pandemic, Donald Trump continues to lead fellow Republicans in efforts to do away with the law and the critical protections it put in place.
 
Over 20 million Americans have received health insurance through the ACA, and it’s given better care and peace of mind to countless others — that’s why Vice President Biden sent a letter today to President Trump and Republican leaders demanding that they drop their efforts to jeopardize Americans’ health care.
 
 
2.  Why did you put the profits of big corporations ahead of desperately needed medical supplies for health care workers, first responders, and coronavirus victims?
 
New reporting today from CNN shows that Trump abruptly reversed himself on using the Defense Production Act to speed up the manufacture of critical medical equipment because big businesses aggressively lobbied the White House out of fear of “profit loss.”
 
Trump is continuing to put the bottom lines of his corporate cronies ahead of the safety of first responders and coronavirus victims — even as a bipartisan group of governors and mayors has demanded that he finally use the DPA to help secure life-saving gear.
 
 
3.  Why did you ignore the repeated warnings of your own intelligence officials in January and February about the impending risk of the coronavirus and decide to downplay the threat instead of preparing a response?
 
The Washington Post reported that Trump ignored repeated warnings from top intelligence officials in January and February that the coronavirus was spreading globally and that it posed a dire threat to the safety of the United States, with one official telling the Post that “the system was blinking red.”
 
Instead of preparing for the imminent spread of coronavirus in America, Trump repeatedly ignored experts and downplayed its significance, claiming, “it’s going to disappear. One day — it’s like a miracle — it will disappear.” The result: a “chaotic” response as basic needs for tests and life-saving equipment go unmet, and as Administration officials scramble to cover up for Trump’s lies about the response.
 
While Trump was ignoring the experts and downplayed the threat of the coronavirus, Vice President Biden laid out a clear-eyed vision in January for how we could come together as a country to stop the emerging pandemic and has built on that with a comprehensive plan to combat the coronavirus.
 
 
4.  Why did you take China’s word and praise Xi’s response for weeks as the coronavirus continued to spread, ignoring Vice President Biden’s warning about their misleading statements?
 
Trump wasted critical weeks praising President Xi and China’s response to the coronavirus epidemic — even as Trump’s own intelligence officials warned that the Chinese were providing faulty information. Vice President Biden, on the other hand, clearly warned Trump against trusting information from Xi at face value, insisting instead that America push to get experts on the ground in China.
 
Now Trump has laughably pivoted to criticizing China, attempting to rewrite history and brush aside countless examples of him heaping praise on Xi and the Chinese government. Moreover, is Trump saying that he wasn’t supposed to take steps to protect the American people simply because this virus emerged in another country?
 
 
5.  Why are you supporting a $500 billion slush fund for corporations with no strings attached and no protections for workers?
 
With America’s economy teetering, and with countless families facing financial ruin, Trump continues to back a massive corporate bailout package with almost no conditions, and no restraints on corporations using taxpayer dollars for executive bonuses and stock buybacks.
 
That’s why Vice President Biden has called for workers and families to be put first in any stimulus package — with no blank checks for big corporations — so Americans will have the financial support they need to weather this storm.

Biden Marks International Women’s Day Reviewing Record for Promoting Gender Equality

On International Women’s Day, Vice President Joe Biden released a fact sheet detailing his record of working to advance gender equality at home and around the world, both as a Senator, notably championing the Violence Against Women Act (which Republicans have refused to renew) and as part of the Obama Administration which, as Obama’s first act, signed the Lilly Ledbetter Fair Pay Act and promoted Obamacare which ended the hardship of being a woman counting as a “pre-existing condition”. © Karen Rubin/news-photos-features.com

On International Women’s Day, Vice President Joe Biden, running for president, released a fact sheet detailing his record of working to advance gender equality at home and around the world, both as a Senator, notably championing the Violence Against Women Act (which Republicans have refused to renew) and as part of the Obama Administration which, as Obama’s first act, signed the Lilly Ledbetter Fair Pay Act and promoted Obamacare which ended the hardship of being a woman counting as a “pre-existing condition”. This is from the Biden campaign:

Joe Biden has a long track record of working to advance gender equality at home and around the world. As a Senator, Biden introduced the International Violence Against Women Act (IVAWA), which provided a framework for the United States to address gender-based violence globally. Though IVAWA never became law, the Obama-Biden administration used executive action to implement much of the bill and its comprehensive approach to gender-based violence.
 
The Obama-Biden Administration promoted the health, safety, and empowerment of women and girls around the world because it was both the right thing to do and the smart thing to do. Women’s full participation in all spheres of society is fundamental to achieving global peace, development, and prosperity.  Twenty-five years ago this principle was agreed to by 189 countries in the Beijing Declaration, which set forth a platform for action to advance women’s rights globally. Unfortunately, today, as a result of the disastrous policies of the Trump Administration, women’s rights and their opportunities for full economic and political participation are under assault. 
 
Trump’s decision to reinstate and expand the global gag rule has had devastating effects on the health and well-being of women around the world, with fewer organizations providing critical healthcare; and his implementation of this rule here in the United States has cut funds to over 900 women’s health clinics that primarily serve women of color. Trump Administration policies have sought to cut funds for global efforts to improve child and maternal health and to halt the spread of HIV/AIDS. His Administration’s cruel immigration policies have rejected asylum claims for women fleeing horrific gender-based violence and made it much more difficult for foreign women and girls who were trafficked into the United States to obtain visas and receive the medical and social services they need to recover. He has watered down and threatened to veto UN Security Council resolutions that address sexual violence in conflict, making it far more difficult for the international community to hold the perpetrators of such violence accountable and ensure survivors have access to the health and support services they need.
 
As President, Joe Biden will restore America’s leading role as a champion for women and girls around the world and return to a government-wide focus of uplifting the rights of women and girls at home and around the world. He will do so by: 
 
Confronting Gender-Based Violence Globally. The scourge of violence against women affects global communities: An estimated 1 in 3 women are subject to physical violence, rape, or stalking by a partner at some point in their lives, with closer to 70% of women affected in some countries. Gender-based violence has profound economic costs for societies. It is a barrier to girls’ education, and inhibits women’s full participation in politics and the economy, holding back entire communities and countries.
 
As president, Joe Biden will expand his Violence Against Women Act of 1994 to the global landscape and restore U.S. leadership internationally by championing the fundamental human right that all women should live free from violence—a future the Violence Against Women Act helped make possible in the United States. President Biden will rescind the Mexico City Policy that President Trump reinstated and restore U.S. funding to the United Nations Population Fund, which advances child and maternal health, and works to end female genital mutilation and cuttingearly and forced marriage, and other practices detrimental to the well-being of women and girls. The Biden Administration will launch multi-sectoral efforts to confront gender-based violence globally, beginning in Central America, where women face some of the highest rates of femicide (the murder of women because of their gender) in the world. Biden will spearhead a comprehensive effort that places diplomatic pressure on governments to train law enforcement to root out the corruption that enables gender-based violence and teaches authorities to effectively investigate and prosecute these crimes. Moreover, he will ensure that women and girls fleeing gender-based violence are given the opportunity they deserve to seek asylum in the United States.
 
Elevating Women Economically. The Biden Administration will invest in women as economic catalysts for growth and development around the world, because we know that when we grow incomes and opportunity for women, entire communities, economies, and countries benefit.We forgo trillions of dollars in wealth globally because women aren’t fully empowered and employed, and that has negative consequences for the well-being of families and entire communities, because women invest a particularly large share of their income in the education and health of their families.  Alarmingly, women’s global economic participation and opportunity actually declined in the last year. Given the trends, it will take 257 years to achieve gender parity. Leaving one-half of the world’s population behind inhibits peace, prosperity, and security at home and abroad, and we must tackle the multifaceted barriers hindering the economic advancement of women and girls. We cannot help half the world’s population advance meaningfully without also addressing gender-limiting laws, policies, and norms, and we can’t do it alone, without working with other countries. 
 
Joe Biden will invest in critical areas to advance the status of women, and close gaps between the economic well-being of men and women, and boys and girls around the world. Specifically, the Biden Administration will increase access to education as a driver of empowerment and accumulation of wealth. Additionally, President Biden will focus on enhancing financially inclusive banking and increasing women’s access to capital, so that women have the resources they need to start and expand businesses. And President Biden will work with partners in countries and multilateral organizations to systematically tackle and eliminate legal and attitudinal barriers to equity and inclusion. . More broadly, Biden Administration efforts to advance development globally will pay particular attention to the often unique challenges faced by underrepresented communities around the world, including indigenous women, Afro-Latina women, and women in the LGBTQ community. The goal will be equality.
 
Promoting Women’s Contributions to Peace and Security. For 20 years, the international community has recognized the critical contributions women make to advancing peace and security, whether it’s recognizing the first signs of violent conflict in their communities, or helping to forge more durable peace agreements in the wake of conflicts. Yet women continue to be excluded from conflict resolution and peacebuilding.
 
President Biden will ensure that efforts to build a more peaceful and secure world include the talents of everyone, including women. In countries affected by war, terrorism, and insecurity, a Biden Administration will protect and advance women’s inclusion in decision-making roles, from negotiators to parliamentarians, from security actors to peaceful protestors. He will ensure full implementation of the United States’ 2017 law — based on the groundbreaking Obama-Biden Administration National Action Plan on Women, Peace, and Security — recognizing the security benefits of women’s participation. As president, Biden will revive the United States’ commitment to refugees and displaced persons, raising our refugee target to admit 125,000 annually to start, and he will require that programs supporting refugees recognize and address the specific challenges women and girls face, from targeted violence and trafficking to unequal access to basic services. He will champion multilateral efforts to end sexual violence in conflict in the UN Security Council and to hold perpetrators of such violence accountable, starting with ISIS. The Biden Administration will provide financial assistance and training for local and international efforts to document cases of ISIS-perpetrated sexual violence, urge the Iraqi government to prosecute ISIS prisoners for gender-based violence crimes, and support peacebuilding efforts in Iraq and elsewhere that promote women’s inclusion.To ensure all civilians are better protected in times of crisis, President Biden will work with the United Nations to improve peacekeeper performance and accountability, including by supporting the UN’s efforts to ensure peacekeepers are trained to prevent conflict-related sexual violence and are held accountable if they perpetrate sexual exploitation and abuse. 
 
Supporting Women’s Leadership Globally. Women’s political and civic leadership promotes equality and stability. When women are represented in parliaments, their participation is associated with a decreased risk of civil war and fewer human rights abuses. Around the world, women are more likely to advocate for policies on issues like education and health, which promote the well-being of everyone. Yet, only 4 out of 193 countries have at least 50 percent women in the national legislature. A Biden Administration will amplify and elevate the voices of authentic, local women leaders globally, creating an initiative to strengthen the influence of women-led civil society organizations in advancing women’s and girls’ well-being; combating gender-based violence; and promoting peace, security, and prosperity. Furthermore, recognizing the benefits to equality and stability when women are represented in political office, the Biden administration will break down barriers to women’s political empowerment, supporting civic education and leadership development for women and girls around the world.
 
Pursue Ratification for the U.N. Convention on the Elimination of all forms of Discrimination Against Women (CEDAW). For nearly 40 years, CEDAW has been the most important international vehicle for advancing gender equality. It is simply embarrassing that the United States has not ratified the convention. We are in the company of some of the most oppressive countries in the world, including Iran, Sudan, and Somalia. From the very beginning, the Obama-Biden Administration made ratifying this U.N. convention a priority. As president, Biden will continue to push the Senate to ratify this important treaty, so that we can better advance the rights of women and girls here at home and around the world.
 
Ensuring Gender Parity and Diversity in National Security Appointments. To keep our nation safe and effectively advance our national security interests, our government needs the best possible team of national security professionals. That means developing senior leadership teams that are diverse, by elevating more women into senior national security positions and ensuring that women of color are well represented in senior ranks. Women are underrepresented in our national security establishment, and throughout the federal government their levels of representation are decreasing4 of the 23 positions in Trump’s Cabinet are currently held by women. Joe Biden has pledged that, as president, he will “strive for gender parity in senior national security and foreign policy appointments.” 

Democratic Race for 2020: Warren Plan to Stop Wall Street from Financing the Climate Crisis

Senator Elizabeth Warren, running for president, has just released a plan to stop Wall Street from financing the climate crisis © Karen Rubin/news-photos-features.com
 

Capitalists are actually much more responsive to the public will than lawmakers – which may not be saying much. But as the United Nations Climate Summit demonstrated, corporations and the financial institutions that fund them are becoming more conscious of climate change. Even former Treasury Secretary Henry Paulson has become an advocate for climate action. More investors are factoring in the cost of climate disasters as well as the change to agriculture, human productivity and health, availability of resources including potable water. Still, corporations that are wedded to the status quo and an economy and society oriented around fossil fuels and intense carbon emissions, that don’t respect air and water quality, need a nudge. Senator Elizabeth Warren, running for president, has just released a plan to stop Wall Street from financing the climate crisis.

Climate change poses a systemic risk to the health and stability of our financial system,” Senator Warren stated. “And yet, Wall Street is refusing to listen, let alone take real action. My plan to Stop Wall Street From Financing the Climate Crisis is just the first step to ensuring our financial system is ensured against the worst effects of climate change and Wall Street stops financing the climate crisis.

This is from the Warren campaign:

Charlestown, MA – Senator Elizabeth Warren released her plan to stop Wall Street from financing the climate crisis. Elizabeth’s plan will limit and manage the risk that climate change poses to our economy by reining in Wall Street and ensuring our banks, asset managers, and insurers pay the true cost of climate change, instead of passing it on to millions of Americans. 
 
Elizabeth rang the alarm in the lead up to the 2008 financial crisis. She is sounding the alarm on Wall Street once again as we face the existential threat of our time: climate change.  It’s clear that our entire financial system is in major danger from the climate crisis. And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis. 

As President, Elizabeth Warren will:

Direct the Federal Reserve to invoke its authority under Section 165 of Dodd-Frank to impose “enhanced prudential standards” –– things like higher capital standards, or tougher stress testing –– on large financial institutions based on their exposure to climate-related risks.
 

Treat climate change as the systemic risk to our financial system that it is and use existing financial regulations to push the Financial Stability Oversight Council (FSOC) to carefully examine the risks posed by climate change and use its authority to designate financial institutions as “systemically important” if appropriate.
 

Go beyond her Climate Risk Disclosure Plan by strengthening SEC rules that govern the climate change expertise in the composition of boards of directors, as well as in shareholder representation and disclosure in proxy voting. 
 

Elizabeth will also require U.S. banks to report annually how much fossil fuel equity and debt is created, and/or held as assets, with respect to all fossil fuel extraction and infrastructure.
 

Fight for pensions by pushing the Securities and Exchange Commission and Department of Labor –– the two government bodies charged with regulating pensions –– to declare carbon-intensive investments not consistent with a fund manager’s fiduciary duty to its clients.
 

Hold insurance companies accountable for the risk they’re spreading through the financial system — and through vulnerable communities — by working with Congress to make large insurance companies doing business in the U.S. disclose the size of the premiums they’re deriving from coal, oil and gas projects, associated infrastructure, and companies. 
 

Elizabeth will also investigate insurers who talk out of both sides of their mouth when they deny coverage to policyholders under the guise of too much climate risk, while simultaneously insuring fossil fuel projects.
 

Transition us away from Donald Trump’s climate-denying administration at a speed unmatched by any transition in modern history. As part of that transition, she will announce her choices for Cabinet, including a Treasury Secretary who understands the financial risks of the climate crisis, by December 1, 2020. And she will staff all senior and mid-level White House positions, like financial regulators, by Inauguration Day.
 

Work with international allies by:
 

Advocating for the Federal Reserve to join the global coalition of central banks known as the Network on Greening the Financial System
 

Requiring implementation of the Paris Climate accord and the elimination of fossil fuel subsidies as preconditions for any trade agreement. 
 

Dedicating $100 billion to helping other countries purchase and deploy American-made clean energy technology that is manufactured right here at home under the Green Marshall Plan.
 

Ending all American support for international oil and gas projects through the Export-Import Bank and the Overseas Private Investment Corporation. 
 

Committing to using America’s voting power in the World Bank and other global financial institutions to cut off investment in fossil fuel projects and to direct that investment into clean energy projects instead.

Read the plan here and below: 
 
Stop Wall Street from Financing the Climate Crisis 
 
I’ve spent most of my career getting to the bottom of what’s happening to working families in America. And when I saw the seeds of the 2008 financial crisis growing, I rang the alarm as loud as I could. But the people with the power to stop the crisis didn’t listen — not enough of them anyway. Not the banks, not Alan Greenspan or other federal regulators, not Congress. And when the financial crisis hit in 2008, working families lost it all while the big banks that broke the economy got a fat taxpayer bailout. 
 
And once again, as we face the existential threat of our time –– climate change –– Wall Street is refusing to listen, let alone take real action. 
 
Climate change threatens our financial system in two ways. First, it poses a physical risk to property as climate-fueled extreme weather events — floods, hurricanes, wildfires — become more and more frequent. Second, it poses transition risks to our economy: investments in the fossil fuel industry may abruptly lose value as we transition to a clean economy, posing risks of financial crisis and destabilization. If we remain on a pathway to 2°C of warming (right now we’re on track for roughly 3°C of warming), the costs to the financial system could reach as much as $69 trillion by 2100. Other estimates put the global economic losses caused by climate change at $23 trillion –– still roughly three or four times the scale of the 2008 crisis.
 
It’s clear that our entire financial system is in major danger from the climate crisis. And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis. In fact, many of the largest banks and asset managers have actually increased their holdings of fossil fuel assets since the Paris Agreement was signed. And in the two years immediately after the Paris Agreement was adopted, the six largest U.S. bank investors in fossil fuels companies loaned, underwrote, or otherwise financed over $700 billion for fossil fuel companies. Wall Street banks are making a quick buck accelerating climate change, all while communities across the country are suffering from the lasting impacts of industrial pollution and the increasingly devastating effects of climate change. 
 
There has been some movement by big financial firms. A recently leaked report from J.P. Morgan — the world’s largest financial backer of fossil fuel companies — stated that the climate crisis could lead to “catastrophic outcomes where human life as we know it is threatened.” Late last year, Goldman Sachs announced that it will spend $750 billion over ten years on sustainable finance projects, restrict financing to all new oil production and exploration in the Arctic, and impose stricter lending requirements for coal companies. And in a letter to investors earlier this year, Blackrock –– the world’s largest asset manager –– announced that it will exit investments with high environmental risk, like thermal coal, and launch new investment products that screen for fossil fuels. While these actions are a small step in the right direction, they are long overdue given the relative impact the financial industry has had on the climate crisis — and they’re not enough to protect us from a climate-fueled financial collapse, either. 
 
We will not defeat the climate crisis if we have to wait for the financial industry to self-regulate or come forward with piecemeal voluntary commitments. Winning a Green New Deal and achieving 100% clean energy for our global economy –– or enacting any of my 13 plans to defeat the climate crisis –– will be near impossible so long as large financial institutions are allowed to freely underwrite investments in dirty fossil fuels. 
 
This ends when I am president. A Warren administration will act decisively and swiftly to manage the risk that climate change poses to our economy by reining in Wall Street and ensuring our banks, asset managers, and insurers pay the true cost of climate change instead of passing it on to millions of Americans. We can make the financial system work for good as we transition to 100% clean energy, but first, we have to change the way Wall Street is currently doing business. 
 
Use existing financial regulations to tackle climate change because it is a systemic risk to our financial system
 
Foreign financial regulators understand that the climate crisis poses serious risks to the financial system. European regulators are warning of a “green swan” event that could trigger a climate change-driven financial crisis. The Governor of the Bank of England, Mark Carney, and the Governor of the Banque de France, François Villeroy warned that climate change poses a “catastrophic effect” to the global economy that could lead to “a sudden collapse in asset prices” similar to the to the 2008 financial crisis, and has urged central banks, such as the Federal Reserve Board, to play a much larger role in tackling the crisis. 
 
I am sounding the alarm on Wall Street once again –– just as I did in the lead up to the 2008 financial crash. 
 
The Dodd–Frank Wall Street Reform and Consumer Protection Act was our country’s response to the 2008 crisis. It included tools that our federal regulators could use to protect the safety and soundness of our financial system. Regulators should use those tools now to address the systemic risk that climate change poses.
 
Specifically, the Financial Stability Oversight Council (FSOC) –– a body created by Dodd-Frank to bring together heads of financial regulatory agencies to assess threats across jurisdictions and markets –– should carefully examine the risks posed by climate change and use its authority to designate financial institutions as “systemically important” if appropriate. And the Federal Reserve should invoke its authority under Section 165 of Dodd-Frank to impose “enhanced prudential standards” –– things like higher capital standards and margin requirement, or tougher stress testing –– on large financial institutions based on their climate-related risks.
 
By using the authorities Congress has already given them, federal regulators can mitigate the climate-related risk in our financial system and help accelerate the transition towards a clean energy economy.
 
Increase corporate accountability through the Securities & Exchange Commission
 
Publicly traded companies, including big banks, have an obligation to share important information about their business. But right now, these companies don’t share much about how climate change might affect their business, their customers, and their investors. 
 
That’s a problem in two ways. First, there are a lot of companies that could be badly hurt by the likely environmental effects of climate change, and their financial implications such as stranded assets, and supply-chain risk. We’ve already seen how record storms, flooding, and wildfires can cause billions of dollars in damage. Second, global efforts to combat climate change will have an enormous impact on certain types of companies, particularly those in the energy sector. The Task Force on Climate-related Financial Disclosures found that reductions in greenhouse gas emissions and increasingly affordable deployment of clean energy technology could have “significant, near-term financial implications” for Big Oil and fossil fuel companies.
 
My Climate Risk Disclosure plan addresses these problems by requiring companies to publicly disclose both of these types of climate-related risks. It directs the Securities and Exchange Commission (SEC) to issue rules that make every public company disclose detailed information, including the likely effect on the company if climate change continues at its current pace and the likely effect on the company if the world successfully restricts greenhouse gas emissions to meet the targets of the Paris Agreement. My plan also requires the SEC to tailor these disclosure requirements for specific industries so that, for instance, fossil fuel companies will have to make even more detailed disclosures.
 
But disclosure is just the first step. There is more the SEC can do to ensure companies are more accurately accounting for climate risk, which is why a Warren administration will go further by strengthening SEC rules that govern the climate change expertise in the composition of boards of directors, as well as in shareholder representation and disclosure in proxy voting. My administration will also require U.S. banks to report annually how much fossil fuel equity and debt is created, and/or held as assets, with respect to all fossil fuel extraction and infrastructure. And a Warren administration will work with the SEC Office of Credit Ratings to direct credit rating agencies to impose process standards — like climate due diligences — that incorporate the physical and financial risks that climate change presents to securities and other financial assets, as well as to the companies that issue them.
 
Protect Pensions 
 
For the millions of public school teachers, firefighters, police officers, and other state and federal public employees who spend their careers in service to our government, pension funds provide a shot at a decent retirement. Most simply, pensions are deferred wages for our public employees. And yet today, our pension systems are failing our public employees. That’s in part because they are invested in fossil fuels –– leaving all the risk of fossil fuel investments in hard working Americans’ retirement accounts. 
 
One recent analysis found that pension funds would be significantly more successful without risky fossil investments. California’s $238 billion state teachers retirement fund CalSTRS –– which serves nearly a million public school teachers –– would have earned an additional $5.5 billion over ten years without its fossil fuel investments. And Colorado’s state pension fund PERA –– which serves 600,000 current and former teachers, state troopers, corrections officers, and other public employees –– would have earned almost $2 billion more in value. This matters for hard-working pension-holders: investments in fossil fuels over the last 10 years have lost many of California’s public school teachers $5,572 each, and cost many of Colorado’s public employees $2,900 each. And yet, despite calls from environmentalists to divest from fossil fuels, in January of this year CalSTRS rejected divestment, claiming it would have a “lasting negative impact on the health of the fund.” 
 
As president, I will fight for every person’s pension, because every American deserves the right to retire with dignity after spending their career in service of our local, state and federal government. A Warren administration would explicitly state policy preferences for limiting climate risk, beginning with divestment from fossil fuels and prioritizing investments in environmental, social and governance (ESG) options. And I would go further by pushing the Securities and Exchange Commission and Department of Labor –– the two government bodies charged with regulating pensions –– to declare carbon-intensive investments not consistent with a fund manager’s fiduciary duty to its clients.
 
And, as a matter of justice, we should tighten bankruptcy laws to prevent coal and other fossil fuel companies from evading their responsibility to their workers and to the communities that they have helped to pollute. In the Senate, I have fought to improve the standing of coal worker pensions and benefits in bankruptcy –– and as president, I will work with Congress to pass legislation to make these changes a reality. 
 
Ensure insurers accurately price climate risk 
 
Insurers are the financial intermediaries most directly exposed to climate change’s risks because their core business requires them to underwrite damages on physical property. As the climate crisis accelerates the size and scale of disasters, the models that insurers have long relied on are increasingly unpredictable, generating unprecedented losses. In 2017 and 2018 alone, insurance companies paid out an estimated $219 billion in natural disaster-related claims –– the highest for any two-year period in history. One California-based insurer filed for bankruptcy after it couldn’t pay out the millions it owed policyholders whose homes had been destroyed in California’s Camp Fire.
 
But despite insurance companies knowing the size of the climate risk — they literally write it into their risk models — still they fan the flames of the climate crisis by underwriting the fossil fuel companies behind the crisis. Large insurers had over $500 billion in fossil fuel-related investments as of 2016. And of the combined $15 trillion in assets managed by the world’s 80 largest insurers, an average of only one percent is allocated to low-carbon investments. If insurers stopped providing insurance for coal-fired power plants it would be nearly impossible to secure financing for new power plants.
 
Instead of halting the effects of climate change, insurers are passing on the high prices to consumers — or foregoing offering protection to vulnerable Americans altogether. In some places, insurance companies are pulling out of areas entirely, leaving consumers exposed. For example, the number of new and renewed homeowners’ insurance policies fell by 8,700 in California counties at greatest risk for wildfires. But some insurance providers will still write policies in vulnerable areas, ratcheting up the monthly prices consumers pay to counterbalance their increased risk. Premiums rose in every single state in the nation over the past decade, with states in tornado alley experiencing the highest jumps by an average of over $500. And private companies are taking advantage of the price increases: the number of private flood insurers has more than doubled since 2016, and they’ve taken in an additional half a billion in premiums since the prior year.
 
It’s time to hold insurance companies accountable for the risk they’re spreading through the financial system — and through vulnerable communities. I’ll work with Congress to make large insurance companies doing business in the U.S. disclose the size of the premiums they’re deriving from coal, oil and gas projects, associated infrastructure, and companies. I’ll investigate insurers who talk out of both sides of their mouth when they deny coverage to policyholders under the guise of too much climate risk, while simultaneously insuring fossil fuel projects. I’ll push the SEC to require insurance companies to show that they have evaluated climate-related risks in their underwriting processes and in their reserves. I will reform the National Flood Insurance Program by making it easier for existing residents to move out of flood-prone properties – both inland and coastal – including a program to buy back those properties from low-income homeowners at market value. And within my first term I will ensure the Federal Emergency Management Agency’s flood maps are fully updated, so that we can raise the standard for new construction through the Federal Flood Risk Management Standard.
 
Personnel is Policy
 
At the World Economic Forum in Davos last month, economic leaders from across the world highlighted the vital need to include climate risks in economic analysis. But Treasury Secretary Steve Mnuchin found himself in a minority of one, arguing that costs were being overestimated when considering the impacts of climate change. Either he’s uninformed or he’s lying: study after study shows that we are drastically underestimating the cost of the climate crisis. 
 
I have often said that personnel is policy. The regulators in charge of protecting the American people need to understand the risk that the climate crisis poses to our entire financial system — and the millions whose livelihoods depend on it. That’s why I will appoint at every level of the system financial regulators committed to holding financial institutions accountable for climate risk. Here’s what that means:  

I will appoint a Treasury Secretary who — unlike Steven Mnuchin — believes in the power of markets to help defeat the climate crisis: because right now, research in both of those fields shows how vital it is that we expose the climate risk. 
 

I’ll appoint financial regulators — including Federal Reserve governors, Commodity Futures Trading Commission commissioners, and leadership of every other agency represented on the Financial Stability Oversight Council — who understand the clear threat climate change poses to our financial system and who implement policy that addresses financial institutions’ exposure to climate risks and hold them accountable to addressing.
 

I’ve already pledged to appoint an SEC chair who will use all existing tools to require robust disclosure of climate-related risks. I’ll also appoint SEC commissioners who will manage the threat climate change poses to the economy by pushing for corporate disclosure of climate risk and a shift of finances away from fossil fuels. 

The size and the scope of the risk that climate poses to our financial system requires immediate action. I’ve committed to transitioning us away from Donald Trump’s climate-denying administration at a speed unmatched by any transition in modern history, so that we can begin tackling the urgent challenges ahead on Day One. As part of that transition, I will announce my choices for Cabinet, including a Treasury Secretary who understands the financial risks of the climate crisis, by December 1, 2020. And I’ll staff all senior and mid-level White House positions, like financial regulators, by Inauguration Day — so that we can begin de-risking our financial system from the moment I’m in office. 
 
Work with international allies
 
One of the next catastrophic global financial crises may well be caused by the growing climate crisis. The 2008 recession proved how financial crises are no longer isolated: their impact echoes across countries. That’s why addressing the financial risks of the climate crisis is an international issue. But the United States isn’t just lagging behind other countries on addressing the climate risk: right now, we’re not even in the same league. 
 
Leaders across the globe recognize the risk that the climate crisis poses to their financial systems: environmental concerns make up the top five long-term global economic risks for leaders surveyed in the World Economic Forum’s Global Risk Report 2020. Manymany other countries have not only recognized the risk but are already taking steps to address it. The President of the European Central Bank has called for climate change to be an “essential part of monetary policymaking,” and the Bank of England has introduced stress tests to assess the UK financial system’s exposure to climate-linked financial risks. Meanwhile, Donald Trump and his fossil fuel cronies are letting the U.S. fall behind, putting the financial well-being of millions of Americans at risk. 
 
A Warren Administration will work with international allies to build a more resilient financial and environmental future for our planet. And I’ll use every tool in the box to build that world. As President I’ll advocate for the Federal Reserve to join the global coalition of central banks known as the Network on Greening the Financial System. As we transition to a 100% clean energy economy, the United States should be a leader on the global stage, and having a seat at the table is the first step. As part of my New Approach to Trade, I will require implementation of the Paris Climate accord and the elimination of fossil fuel subsidies as preconditions for any trade agreement. My Green Marshall Plan will dedicate $100 billion to helping other countries purchase and deploy American-made clean energy technology that is manufactured right here at home. And we should end all American support for international oil and gas projects through the Export-Import Bank and the Overseas Private Investment Corporation. We should also commit to using America’s voting power in the World Bank and other global financial institutions to cut off investment in fossil fuel projects and to direct that investment into clean energy projects instead. Our efforts should be dedicated to accelerating the global transition to clean energy.

Sanders to Trump on Coronavirus: Stop Playing Politics With Our Health and National Security

“Concern about the coronavirus continues to grow, yet the Trump administration’s response has been inadequate, misleading, and dangerous,” declared Senator Bernie Sanders after Trump appointed Mike Pence to lead the administration’s response to the pandemic. © Karen Rubin/news-photos-features.com

COLUMBIA, S.C. – Sen. Bernie Sanders on Thursday issued the following statement on the Trump administration’s response to coronavirus: 

“Concern about the coronavirus continues to grow, yet the Trump administration’s response has been inadequate, misleading, and dangerous. By picking Vice President Mike Pence to lead the administration’s response to the pandemic, Trump has not only chosen someone completely unqualified, but the president has made clear that he’s more concerned about his own politics than the health and safety of the country.

“In my view, the Trump administration must take immediate action. First, they must replace Mike Pence with an expert on pandemics and disaster response. Second, the Trump administration must stop releasing misleading, unscientific, and false information about whether the coronavirus is controlled or when it will be controlled. Third, they must immediately staff their response team with experts and scientists to help us address a pandemic based on facts – Steve Mnuchin and Larry Kudlow are political cronies, not scientists. In addition, Trump must sign the full $8.5 billion in coronavirus response funding proposed by Sen. Chuck Schumer.

“We need a president who does not play politics with our health and national security. Besides passing Medicare for All so everyone can see a doctor or get a vaccine for free, my administration will greatly expand funding for the Center for Disease Control and National Institute of Health, work with the international community, including with the World Health Organization, and invest in research and technology to make vaccines available quickly,” Sanders stated.

Democratic Race for 2020: Sanders Answers the Burning Question: How Would He Pay for his Progressive Agenda?

One of the most severe criticisms of Senator Bernie Sanders’ candidacy is the price tag of his progressive programs including Medicare for All, College for All, universal child care and pre-K, and Green New Deal and how these programs would be paid for. In the Charleston, SC debate (number 10 for anyone who is counting), Senator Amy Klobuchar charged that his plans, collectively, would cost $60 trillion, or three times the entire US economy. Now, just ahead of the South Carolina and Super Tuesday primaries, Sanders has released his plan to pay for his major policy proposals, which he handed to Chris Cuomo during a CNN town hall on February 24:

Senator Bernie Sanders, running for president, has released his plan to pay for his major policy proposals, including Medicare for All, College for All, universal child care and pre-K, and Green New Deal © Karen Rubin/news-photos-features.com \

College For All

It will cost $2.2 trillion to make public colleges, universities and trade schools tuition free and to cancel all student debt over the next decade.  It is fully paid for by a modest tax on Wall Street speculation that will raise an estimated $2.4 trillion over ten years.

https://berniesanders.com/issues/free-college-cancel-debt/

Expanding Social Security

Bernie’s bill to expand Social Security will increase benefits for low-income senior citizens and people with disabilities by more than $1,300 a year.  It is fully paid for by making the wealthiest 1.8% of Americans – those with incomes over $250,000 a year – pay the same rate into Social Security as working families.

This bill will also extend the solvency of Social Security into the year 2070 – ensuring that Social Security can pay every benefit owed to every eligible American for the next 50 years.

https://berniesanders.com/issues/expand-social-security/


Housing for All

Bernie’s proposal to guarantee housing as a human right and to eliminate homelessness will cost $2.5 trillion over the next decade.

It is fully paid for by a wealth tax on the top one-tenth of one percent – those who have a net worth of at least $32 million.  (Bernie’s wealth tax will raise a total of $4.35 trillion.)

https://berniesanders.com/issues/housing-all/

https://berniesanders.com/issues/tax-extreme-wealth/
 

Universal Childcare/Pre-K

Bernie’s proposal to guarantee universal childcare and pre-school to every family in America who needs it will cost $1.5 trillion.

It is fully paid for by a wealth tax on the top one-tenth of one percent – those who have a net worth of at least $32 million.  (Bernie’s wealth tax will raise a total of $4.35 trillion.)

https://berniesanders.com/issues/tax-extreme-wealth/

Eliminating Medical Debt

Bernie has introduced a proposal to eliminate all of the $81 billion in past due medical debt held by 79 million Americans.  It is fully paid for by establishing an income inequality tax on large corporations that pay CEOs at least 50 times more than average workers.  

https://berniesanders.com/issues/tax-extreme-wealth/

Green New Deal

The $16.3 trillion climate change proposal that Bernie has introduced will fundamentally transform our energy system away from fossil fuel and towards energy efficiency and renewable energy.  It will also create 20 million good-paying union jobs in the process.

It is fully paid for by:

– Raising $3.085 trillion by making the fossil fuel industry pay for their pollution, through litigation, fees, and taxes, and eliminating federal fossil fuel subsidies.

– Generating $6.4 trillion in revenue from the wholesale of energy produced by the regional Power Marketing Administrations.  This revenue will be collected from 2023-2035, and after 2035 electricity will be virtually free, aside from operations and maintenance costs.

–  Reducing defense spending by $1.215 trillion by scaling back military operations on protecting the global oil supply.

–  Collecting $2.3 trillion in new income tax revenue from the 20 million new jobs created by the plan.

– Saving $1.31 trillion by reduced the need for federal and state safety net spending due to the creation of millions of good-paying, unionized jobs.

–  Raising $2 trillion in revenue by making large corporations pay their fair share of taxes.

Key Points:

By averting climate catastrophe we will save: $2.9 trillion over 10 years, $21 trillion over 30 years and $70.4 trillion over 80 years. 
 

If we do not act, the U.S. will lose $34.5 trillion by the end of the century in economic productivity.

https://berniesanders.com/issues/tax-extreme-wealth/

Medicare for All

According to a February 15, 2020 study by epidemiologists at Yale University, the Medicare for All bill that Bernie wrote would save over $450 billion in health care costs and prevent 68,000 unnecessary deaths – each and every year.

Since 2016, Bernie has proposed a menu of financing options that would more than pay for the Medicare for All legislation he has introduced according to the Yale study.

These options include:

Creating a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four.

In 2018, the typical working family paid an average of $6,015 in premiums to private health insurance companies.  Under this option, a typical family of four earning $60,000, would pay a 4 percent income-based premium to fund Medicare for All on income above $29,000 – just $1,240 a year – saving that family $4,775 a year.  Families of four making less than $29,000 a year would not pay this premium.

(Revenue raised: About $4 trillion over 10-years.)
 

Imposing a 7.5 percent income-based premium paid by employers, exempting the first $1 million in payroll to protect small businesses.

In 2018, employers paid an average of $14,561 in private health insurance premiums for a worker with a family of four.  Under this option, employers would pay a 7.5 percent payroll tax to help finance Medicare for All – just $4,500 – a savings of more than $10,000 a year.

(Revenue raised: Over $5.2 trillion over 10-years.)
 

Eliminating health tax expenditures, which would no longer be needed under Medicare for All.
 
(Revenue raised: About $3 trillion over 10-years.) 
 

Raising the top marginal income tax rate to 52% on income over $10 million.

(Revenue raised: About $700 billion over 10-years.)
 

Replacing the cap on the state and local tax deduction with an overall dollar cap of $50,000 for a married couple on all itemized deductions. 

(Revenue raised: About $400 billion over 10-years.)
 

Taxing capital gains at the same rates as income from wages and cracking down on gaming through derivatives, like-kind exchanges, and the zero tax rate on capital gains passed on through bequests.

(Revenue raised: About $2.5 trillion over 10-years.)
 

Enacting the For the 99.8% Act, which returns the estate tax exemption to the 2009 level of $3.5 million, closes egregious loopholes, and increases rates progressively including by adding a top tax rate of 77% on estate values in excess of $1 billion.

(Revenue raised: $336 billion over 10-years.)
 

Enacting corporate tax reform including restoring the top federal corporate income tax rate to 35 percent.

(Revenue raised: $3 trillion of which $1 trillion would be used to help finance Medicare for All and $2 trillion would be used for the Green New Deal.)
 

Using $350 billion of the amount raised from the tax on extreme wealth to help finance Medicare for All.

​​​ 

Democratic Race for 2020: Mayor Pete Buttigieg Releases ‘Building for 21st Century’ Infrastructure Plan

Mayor Pete Buttigieg released his “Building for the 21st Century” comprehensive infrastructure plan. © Karen Rubin/news-photos-features.com

The vigorous contest of Democrats seeking the 2020 presidential nomination has produced excellent policy proposals to address major issue. It is estimated that the United States requires some $2 trillion in infrastructure investment just to keep bridges from falling down, make necessary improvements to water systems, electric systems, not to mention transition to sustainable systems that both mitigate against climate change and take the necessary steps to get to net-zero carbon emissions to stop the march to global warming. Mayor Pete Buttigieg released his “Building for the 21st Century” comprehensive infrastructure plan. It does not use the word “climate”; it refers to “sustainable” once. This is from the Buttigieg campaign:

Pete Buttigieg released “Building for the 21st Century,” a bold, comprehensive infrastructure plan that will create more economic opportunities for individuals and communities. His plan will create 6 million well-paying jobs, ensure that everyone has access to clean drinking water and affordable ways to get to work and empower local communities to lead on infrastructure development so that they can support safe, vibrant, growing neighborhoods.

“The current administration has been incapable of keeping its promise to pass major infrastructure legislation, and as a result, critical projects around the country are stalled and communities are paying the price,” said Buttigieg. “Cities and towns have been leading the way on new infrastructure partnerships and approaches, but too often the federal government does not help as it should—failing to fund and prioritize infrastructure and relying on outdated standards. Under my administration, local governments will finally have a partner in Washington. As a former mayor, I know that priority-based budgets made locally are better than budget-based priorities set in Washington.” 

Pete’s administration will invest over $1 trillion to work with states, cities, and other local governments to build the sustainable infrastructure of the 21st century. Pete’s plan will:

Create six million well-paying jobs with strong labor protections, especially in underrepresented communities. 

Commit $10 billion to attract and train a skilled infrastructure workforce, including by supporting pre-apprenticeship programs that collaborate with Registered Apprenticeships. 

Protect millions of families from lead in paint and water through a $100 billion investment in a Lead-Safe Communities Fund. The Fund will provide resources for communities to clean up and remove lead in paint, soil, and water. Pete administration’s will also replace 3 million lead service lines by 2030 and support best-in-class corrosion control practices. 

Lower water bills for over 10 million families. Pete will work with Congress to create a $16 billion Drinking Water Assistance Matching Fund that coordinates with the Low-Income Home Energy Assistance Program. The Fund will provide a federal funding match for states and local water systems that assist low-income families with water bill payments, slashing the average water bill by 50 percent – which is equal to over $600 on average – for 10 million families. 

Invest $160 billion to support cities and towns in providing equitable public transportation, including improved options for subway, light rail, bus rapid transit, and last mile service. Pete will provide dedicated funding for communities that have limited access to basic services like grocery stores to expand their transportation options. He will also dramatically expand funding for rural public transportation.

Cut the backlog of critical road repairs in half over 10 years. Pete will make sure that 50% of our roads in poor condition and structurally deficient bridges get fixed within 10 years. His DOT will require states to develop achievable plans for maintaining their roads and make progress on these plans before they use federal funds for new roads or expansions. 

Repair school infrastructure. Investing in K-12 education means investing in our schools, so students can learn in a safe and healthy environment. Pete will invest $80 billion in a new school repair program, in which states allocate grants and loans to school districts based on poverty levels. He will provide dedicated funding to help meet U.S. trust and treaty obligations to repair the Bureau of Indian Education schools. 

Mitigate past injustices in transportation planning. Since the 1950s, highway expansion projects have split apart Black and Latino neighborhoods nationwide and driven up pollution in these communities. Pete’s DOT will work with local stakeholders and nonprofits to create a list of communities that require additional investment to mitigate harms from past highway projects. He will encourage cities to use federal highway funds to revitalize and reconnect communities through innovative projects, including new underpass designs, highway caps, and turning underutilized bridges into complete urban streets.   

Pete’s agenda will build a new era of economic success that truly uplifts America’s working and middle-class families. Read the full agenda HERE

Democratic Race for 2020: Sanders Releases Plan to Guarantee Child Care and Pre-K for All

Senator Bernie Sanders, running to win the Democratic nomination for President is releasing what he claims is “the most comprehensive and expansive early childhood policy ever proposed by a candidate running for president.” © Karen Rubin/news-photos-features.com

The vigorous contest of Democrats seeking the 2020 presidential nomination has produced excellent policy proposals to address major issues. Senator Bernie Sanders is releasing what he says is “the most comprehensive and expansive early childhood policy ever proposed by a candidate running for president,” except that he does not attach a price tag nor say how it will be paid for. Separately, in a “60 Minutes” interview, he said the undetermined amount would be paid for from a wealth tax (Senator Elizabeth Warren has said the same thing, except she attaches dollar figures to her proposal.) This is from the Sanders campaign:

Sen. Bernie Sanders released the most comprehensive and expansive early childhood policy ever proposed by a candidate running for president, including guaranteeing free, high-quality child care for all children from infancy and pre-k starting at age three.

“Childcare must be guaranteed for every child regardless of their parents’ income, just like K-12 education. We know that the first four years of a child’s life are the most important years of human development, so it is unconscionable that in the wealthiest country in the world, we do not properly invest in early childhood education.” Sanders said. “As president, we will guarantee free, universal childcare and pre-kindergarten to every child in America to help level the playing field, create new and good jobs, and enable parents more easily balance the demands of work and home.” 

Today in America, our child care and pre-kindergarten system is failing our children, our parents, and our child care and early education workers. Not only is our child care infrastructure and access to high-quality care and early learning lacking throughout the country, child care is unaffordable in every single state in America.

The average family in America today spends nearly $10,000 a year on child care. For low-income families, the burden is even higher: a full 35 percent of these families’ income goes toward child care. According to a survey conducted last year, over half of mothers worked less hours to save on child care costs, and a quarter of moms left the workforce entirely due to care for their children. 

Our dysfunctional system also punishes the people who take care of, nurture, and educate our youngest children. Child care workers, on average, make just $11 an hour despite the skyrocketing costs of child care and early education. Even though they take on the most important job in America – caring for our children – child care workers, 96 percent of whom are women and are disproportionately women of color, are paid starvation wages.

In the richest country in the history of the world, we have a moral responsibility as a nation to guarantee high-quality care and education for every single child, regardless of background or family income. We owe it to our children, parents, and child care workers to do much better. 

As President, Bernie will:

Guarantee every child in America free full-day, full-week, high-quality child care from infancy through age three, regardless of income.  

Provide child care at least 10 hours a day and ensure programs operate at times to serve parents who work non-traditional hours.  

Guarantee every child access to a full-day, full-week pre-kindergarten education, regardless of income, starting at age 3.  

Ensure students with disabilities receive the support they need and are included with their peers from an early age.  

Double funding for the Maternal, Infant, and Early Childhood Home Visiting (MIECHV) Program, which supports home visiting services from  nurses, mental health professionals, social workers, and other support professionals for families with young children who live in low-income and at-risk communities.  

Pass Bernie’s Universal School Meals Act that he introduced with Rep. Ilhan Omar to provide year-round, free universal school meals — breakfast, lunch, dinner, and snacks — to every child in child care and pre-k.  

Construct, renovate, or rehabilitate the child care facilities and pre-schools we need throughout the country.  

Enact Bernie’s Thurgood Marshall Plan for Public Education to make transformative investments in our public education system to ensure the developmental gains made by implementing universal child care and pre-k are built upon when children start their K-12 education and:  

More than double the number of early childhood educators in this country from over 1.3 million to more than 2.6 million.    

Guarantee everyone working in the field of early education a living wage, ensure all are compensated commensurate with their experience and training, and ensure all lead teachers are paid no less than similarly qualified kindergarten teachers.    

Require anyone providing direct service to young children have at least child a Child Development Associates (CDA) credential, all assistant teachers have at least an Associate’s Degree in early childhood education or child development, and all lead preschool teachers have a Bachelor’s Degree in early childhood education or child development.   

Guarantee support for existing and new early care and learning professionals to get the education required to care for and teach young children, within a reasonable phase-in period, and ensure that these professionals reflect the cultural, linguistic, racial and ethnic diversity of the communities they serve.   

Ensure that all early childhood educators have access to ongoing high-quality professional development that includes coaching and mentoring.  

Provide early childhood workers with strong protections for unionizing, sector-wide collective bargaining, workers’ rights, workplace safety, and fair scheduling, regardless of immigration status, and that they have the information and tools they need to act on these rights and protections through  the passage of the Domestic Workers Bill of Rights Act introduced by Rep. Pramilla Jayapal and enacting Bernie’s Workplace Democracy plan.

The full plan can be found here.

Sanders Heralds Study That Shows Medicare for All Would Save $450 Billion, 68,000 Lives Each Year

A new study that shows Medicare for All would save Americans $450 billion and 68,000 premature deaths a year could bolster the 2020 presidential campaigns of progressives Senator Elizabeth Warren and Bernie Sanders.

Medicare for All is ironically, considering that Americans and especially Democrats have indicated that access to affordable healthcare is their number one priority, is the issue that could sink the 2020 presidential  candidacy of progressives Bernie Sanders and Elizabeth Warren. Now Sanders is heralding a new study by epidemiologists in the medical journal The Lancet which found that Medicare for All would save Americans $450 billion and prevent 68,000 premature deaths a year. Here is Sanders’ statement:

Sen. Bernie Sanders on Saturday applauded a new study published today by a team of epidemiologists in the peer-reviewed medical journal The Lancet, which found that Medicare for All will save Americans $450 billion and prevent 68,000 unnecessary deaths each and every year.

“This study confirms that Medicare for All will save the American people $450 billion on health care costs and will prevent 68,000 unnecessary deaths – each and every year,” Sanders said. “In other words, guaranteeing health care as a human right by creating a Medicare for All system will cost substantially less than our current dysfunctional health care system. It will save working class families thousands of dollars and it will prevent tens of thousands of Americans from dying each year. While the CEOs in the pharmaceutical and health insurance industry may not like it, we will end their greed and enact Medicare for All when I am president.”

According to the study, by replacing premiums, deductibles, co-payments and out-of-pocket costs with a progressive tax system, Medicare for All will save the average family thousands of dollars each year and will provide lower-income households the greatest relief. 

Struggling hospitals serving low-income communities would be particularly helped by Medicare for All by eliminating uncompensated care, increasing Medicaid reimbursement rates to Medicare levels, and reducing administrative overhead, according to the study.

The study also debunks several attacks on Medicare for All from the private health care industry that made well over $100 billion in profits last year. Doctors and hospitals would see large savings in cost and time from streamlining our bloated and inefficient administrative and billing system, allowing doctors to spend more time with patients, the study found.

The study is the latest in a series of studies conducted over the past three decades that have found that guaranteeing universal health care through a single-payer health care system would not only dramatically improve the health and well-being of the American people, it would cost less than our current dysfunctional health care system that puts profits over people. 

Last month, another medical journal found that 19 out of 22 studies done over the past 30 years concluded that moving to a Medicare for All, single-payer health care system would cost less than our current health care system in the first year, and all of the studies showed that it would cost less within a decade of implementation.
 

Trump ‘Acquittal’ Triggers New Protests Vowing ‘We Will Remember in November’

Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com

By Karen Rubin, News-Photos-Features.com

The widely anticipated vote to “acquit” Trump, impeached for abuse of power and obstruction of Congress, was never in doubt, though activists had hoped nationwide protests would shame Republicans into at least allowing witnesses and evidence into their show “trial”. But the activists are still determined for Trump to be held accountable – along with the Republicans in House and Senate who have been complicit enablers in higher and higher crimes and misdemeanors, breaching the public trust.

Mere hours after the Republicans voted to acquit – with the singular exception of Senator Mitt Romney who acknowledged Trump’s abuse of power – hundreds took to the streets, vowing to continue the protest, turn Trump out of office and “flip the Senate”. “We will remember in November,” they chanted as they marched from Columbus Circle, just across one of Trump’s Manhattan buildings, down 57th Street o Fifth Avenue, and passed the Trump Tower, to 42nd Street Public Library.

Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com

About 2,500 people in all participated in the protest, met by fewer than a dozen pro-Trumpers.

They are calling for continued investigations and for Congressional oversight so that Trump isn’t able to skate away, as in the 2016 campaign, hiding his tax returns which most likely would have shown financial ties to Putin and Russian oligarchs (who made outsized donations to his inaugural and bought condos at inflated rates), and made secret payments to hush up a porn star, causing Trump to be labeled “Individual 1” in the prosecution of his “fixer” Michael Cohen, now imprisoned, and the 10 counts of obstruction of justice which the Mueller Probe found, saying they would have indicted but for a Department of Justice “policy” against indicting a sitting president.

Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com

In reaction, Trump, who used the State of the Union like a political rally  – even offering to broadcast the names of donors “live” – followed up with continued smears against any and all who have opposed him, even threatening to unleash the Department of Justice to do the very thing – political witch hunt – that he says he was the victim of. Except that there has never been any evidence or any testimony offered that contradicts the crimes he is accused of, only the abuse of his political power to extort complicity.

Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com

Indeed, it is now revealed that the Treasury Department, which has stonewalled lawful requests from Congress for Trump’s tax returns (it is actually a law), based on some sort of invasion of privacy of a US citizen, and has sequestered the mandated audit of Trump’s returns while in office, has been probing Hunter Biden to supply Senate Republicans with dirt.

The question is how long Republicans can ignore substantial majorities of people who want climate action, gun safety, immigration reform, voting rights and preservation of the Rule of Law and the fundamental premise that no one, not even a president, is above it.

There were more than 300 marches and protests around the country in towns large and small – marches in places from New York City and Petoskey, Michigan to Wasilla, Alaska; rallies in 46 states and Washington, D.C. and a “flash mob to say thank you to Sen. Romney” at his office in Salt Lake City.

Here are highlights from the rally, march and protest in New York City, one of dozens held around the nation on Wednesday, February 5, 2020:

Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com
Rally, march and protest in New York City after Trump acquitted by Senate Republican © Karen Rubin/news-photos-features.com

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© 2020 News & Photo Features Syndicate, a division of Workstyles, Inc. All rights reserved. For editorial feature and photo information, go to www.news-photos-features.com, email editor@news-photos-features.com. Blogging at www.dailykos.com/blogs/NewsPhotosFeatures. ‘Like’ us on facebook.com/NewsPhotoFeatures, Tweet @KarenBRubin

Democratic Candidates for 2020: Senator Amy Klobuchar Releases Global Pandemic Prevention, Detection, and Response Policy

In the wake of global concern over the possible spread of the coronavirus, Senator Amy Klobuchar released her plan for Global Pandemic Prevention, Detection and Response Policy © Karen Rubin/news-photos-features.com

Several of the Democratic candidates for president have demonstrated how they contrast with the current occupant of the Oval Office in terms of how they would lead the country through disasters. Senator Amy Klobuchar released her plan for Global Pandemic Prevention, Detection and Response Policy. This is from Senator Klobuchar’s campaign:


MINNEAPOLIS, MN – The recent outbreak of a new strain of coronavirus is a stark reminder of the persistent threats posed by infectious diseases. Senator Klobuchar believes the United States must continue to lead the global fight to prevent, detect and respond to pandemics. In the Senate, she has championed efforts to address outbreaks at home and abroad. She successfully secured critical funding to combat Ebola in West Africa, helping strengthen health care infrastructure. And as Chair of the Senate Steering and Outreach Committee, she spearheaded efforts to rapidly address the spread of the Zika virus and support local prevention measures and research. As President, she will prioritize taking on global pandemics and protecting U.S. national security. She will: 

Renew U.S. leadership and recommit to the Global Health Security Agenda, an initiative launched under the Obama administration to respond to the threat that infectious diseases pose to the global community.

Work with our allies and through multilateral organizations like the World Health Organization to improve local health infrastructure in at-risk countries and regions.

Fully fund U.S. departments, agencies, and programs that are on the front lines in preventing and responding to outbreaks, both at home and overseas, including the Centers for Disease Control and Prevention, Department of Health and Human Services, National Institutes of Health, State Department, United States Agency for International Development, Biomedical Advanced Research and Development Authority, and the President’s Emergency Plan for AIDS Relief.

Strengthen early-warning systems to detect and respond to outbreaks on the ground before they spread into full-fledged pandemics. 

Develop the global rapid-response system for deploying international medical teams to respond to outbreaks at the source. 

Increase stockpiles of existing vaccines and treatments and streamline delivery systems for rapid deployment during outbreaks.

Invest in capabilities for accelerating the production of new vaccines and treatments when new pathogens emerge. 

Leverage public-private partnerships that can unlock new investments and innovations.