And Republicans did it because.... They're anticorporation?
I suspect this is changing. The DSA branch especially wants all contracts with Palantir eliminated.
DSA has very limited understanding of the politics of power. Agree or disagree with their policy and advocacy, but they lack a unified, coherent policy platform. They take stances from (imo) good places and suggest proposals that are politically untenable (to say the least) and realistically ridiculous.
Mamdani is a unique politician. He is generationally charismatic, articulates the pragmatism behind solutions, and taps into the everyday struggles of citizens. When he talks about ideologically, it's soaring rhetoric about who we can be. His critiques, however, are often strongly tethered to tangible concerns (rent, food, education) vs. the DSA-type far left.
Source: worked in democratic politics, on a presidential campaign, with a wide range of people on the left (and "left") including DSA die hards.
> I suspect this is changing.
Nope. The democrats have been on the cusp of becoming serious for as long as I've been following politics. It's a con to get your hopes up. Don't.
Sarbanes-Oxley? Dodd-Frank? ACA? Now I'm sure you (like, every other living human) has a ton of nitpicks and criticism of bills like that. But they're real and they passed and they're largely-to-wholely partisan creations of the Democratic policy apparatus (SOX looked very bipartisan and was passed under Bush, but the actual bill was written mostly by democratic staffers).
I mean, fine, you'd like different regulation. But they're responsible for basically all the corporate regulation active in the US regime.
Bothsidesism is a very poor tool for this particular argument. Work with your allies, please.
How’s ACA hard-hitting on corporations?
The 15/20 rules is what resulted in recorder profits in health insurance business, how’s this anti-corporate?
"You must sell insurance to sick people!", "I don't wanna!", "I don't care, the law now says you must."
I mean, the whole insurance industry had spent the better part of a century (basically its whole existence) denying coverage to people with pre-existing conditions, and the ACA fixed it via fiat.
Not only is it clearly "hard-hitting", I'd argue it's probably the single most "hard-hitting" invasive change to corporate regulation of the post-war era. Certainly it is in terms of the amount of money involved in the affected market.
> how’s this anti-corporate?
And this is where the rub is. You're not saying that your desired regulatory structure is something different than existing proposals, you're demanding that your government engage in behavior that is expressly "anti" whatever you perceive "corporate" interests to be.
That's not democracy, that's just warfare. You have enemies and you want to win. And the problem there is that the structure of our government requires compromise.
https://landline.media/affordable-care-act-tax-penalties-end...
>The penalty for not having an ACA-compliant plan or forgoing coverage in 2018 is the greater of $695 per adult and $347.50 per child for a maximum of $2,085 or 2.5 percent of adjusted household income. The percentage penalty is capped at an amount equal to the national average premium for a bronze plan, the minimum coverage available by law
If their profits are so good, their shares would be worth owning.
Could it be because their profit margins are actually terrible (3% if lucky), and they have to get the price of their product approved by 50 different state government employees, and the federal government constantly changes their customer’s subsidies making revenue and expenses extremely volatile and difficult to forecast?
If you're looking for policies to blame for insurance companies having a rough 2025-2026, look to the Republican-led efforts cap Medicare fees and alter eligibility requirements.
https://dqydj.com/sp-500-return-calculator/
https://dqydj.com/stock-return-calculator/
Since Jan 1, 2010, 18% for UNH, 15% for MOH/CNC, 14% for CI/ELV/HUM/SP500, 8.5% for CVS.
Also, these businesses are competing to sell a completely fungible commodity good with tons of non profits like Kaiser Permanente, HCSC, Cambia, Independence Blue Cross, and many others. It makes no sense to expect those businesses to be able to earn any decent profit margin when their competition only needs 0%.
CNC is up 90% YoY. That's far more than any of the largest tech companies. Alphabet is the highest of the tech stocks, and it's up 38% in the same period. When we look at the performance of the seven large U.S. publicly traded health insurers, their returns were extraordinary in the decade following the ACA.
And it is true, that it was signed by Clinton. But it was otherwise an entirely partisan bill passed with exclusively republican votes. All 44 democrats voted nay.
Now, given that, do you really feel that that's a supporting argument to the upthread contention that Democrats are a corporate-dominated party and not interested in regulation?
We, the people, are on the other side.
Democracy is an imperfect system, but its much better than the alternatives. If more people paid attention and participated, we would have much better outcomes.
This is such a tired argument that over simplifies an entire group of people on both sides into a single entity that happens to be the same.
* removed filibuster for lower-court nominations ("nuclear option")
* impeached the president twice in a term
* tried that former president in the Senate after his term ended
* expanded mail-in voting en masse
* repeatedly attempted to eliminate 60-vote rule for legislation
I'm not claiming these were illegal, I'm just saying the process adapts to the needs.
Oh? Thats why Biden tried to run in 2024? Because democrats procedurally try to elect obviously incapable presidents?
Incumbent Presidents in the US almost always run for reelection to a second term, that's the normal expected outcome with vanishingly few exceptions in the last century.
The claim was Ds are more procedural than Rs. Asking what process the Ds followed to attempt to run, and then back out of running, biden (who again, was very obviously and publicly mentally incompetent) is clearly a rebuttal to a presented point.
You can repeat that as often as you want, but it doesn't seem well grounded. He's always had a stutter, and since he left office he has given speeches which suggest his mental faculties remain intact. Is he slowing down? Yeah. He's got quite a long ways to go before he's in McConnell territory.
In any case, what does his choosing to run have to do with process? Did he violate the process? Seems to me he was following it to a tee.
And all the shenanigans around 2016 when Bernie Sanders was shut out by the DNC. Even Elizabeth Warren said outright that the DNC rigged the 2016 nomination. I think the outcome would have been very, very different if the DNC didn't fuck with the timeline and forced Hillary as the Dem nominee.
You really can't make a valid case to say the dems are the corporate dominated party. ffs, they are the only ones even attempting to put common sense regulations on the financial industry, something Trump called "bad for business" when he undid antitrust legislature that got passed under Biden.
The dems haven’t done anything notably anti-corporate in ages. There are rumbles about doing it (anti trust, supporting unions, climate change), but it never _quite_ seems to actually materialize into anything.
Cynically, that’s why both sides lean so hard into the culture wars. The men in suits would rather we argue about how to interpret history than whether a wealth tax makes sense.
There's only so much they can do when dealing with obstructionism, but the party is still putting forward legislation. For recent examples see The American Homeownership Act (https://www.banking.senate.gov/newsroom/minority/senate-demo...) and the Stop Corporate Takeovers of Physicians Act (https://www.warren.senate.gov/newsroom/press-releases/warren...)
The contrast implies that Republicans are in your words "anti-corporate"
Trump just removed Obama era greenhouse gas finding.
"President Trump and Administrator Zeldin Deliver Single Largest Deregulatory Action in U.S. History"
https://www.epa.gov/newsreleases/president-trump-and-adminis...
Democrats also had massive number of anti-trust regulations during Biden and Obama.
You're claiming they've done nothing on anti-trust?