> what this might do is add some barrier or consideration when a bailout is considered
It’s a resolution. Pure puffery. A serious effort would have involved floating a bill.
> what this might do is add some barrier or consideration when a bailout is considered
It’s a resolution. Pure puffery. A serious effort would have involved floating a bill.
It's a signal to voters sure but it's also a signal to AI companies and investors to hedge their bets because there's not going to be a backstop if they come crying. That's not puffery, it's forward guidance.
There was never any backstop to equity investors at any time.
Even during GFC, equity investors were wiped out. Same with Silicon Valley Bank.
This trope that investors are bailed out is doing more harm than good. Because intervention and backstops actually helps the economy from not going into a death spiral that destroys the poor and middle class
Yes, by the same logic manifestos and other statements of intent are also "pure puffery" as they're not yet law either.
Or even proposing new laws by floating bills when they don't already have the guaranteed votes - or even know they'll never pass. I'm sure many here would also want to dismiss that as "pure puffery".
Really why do we let anyone but the current majority party say anything at all? It's just puffery.
> by the same logic manifestos and other statements of intent are also "pure puffery"
No, a manifesto or a platform guides drafting and candidate recruitment. Resolutions don’t.
> Or even proposing new laws by floating bills
Again, no. This leads to actual laws. Resolutions don’t.
But these actions are part of advertising their position to future voters, which is one of the key requirements in a representative democracy.
> these actions are part of advertising their position to future voters, which is one of the key requirements in a representative democracy
Sure, this is a joint statement. Published days before the election. Meanwhile, for actual legislative priorities, draft bills are proposed.
Again, you're just dismissing it rather than engaging with any reasoning, and putting a rather arbitrary requirement on "real" signalling - one that has been repeatedly shown to be costly and difficult for the non-majority party to even get out of committee to a vote.
And I generally hope that actually bills have a much higher required level of analysis of details and interactions than more general direction statements. Requiring that for every statement would just put a massive burden on the minority party, as they would have to always do that level of due diligence just to be "allowed" to propose a direction.
> Requiring that for every statement would just put a massive burden on the minority party
It’s the burden of work required to get lawmaking done!
Here are the bills the CPC has actually written or endorsed [1]. They’re the ones that could turn into a law in 2027. This crap won’t because it’s not designed to—non-binding resolutions basically never turn into law, and most laws introduced after the Congress flips aren’t preceded by resolutions.
> I generally hope that actually bills have a much higher required level of analysis of details and interactions
They don’t. They’re introduced all the time and then edited and revised.
[1] https://progressives.house.gov/endorsed-bills
And by doing so you have immediately excluded anyone who doesn't have an army of lawyers on the payroll from politics. And massively benefitted the incumbent, an icumbant who has, I should remind you, repeatedly stated they would reject any bill out of hand based on the party it was proposed by rather than any contents. The idea that everyone even considered for politics must have an entire, complete government apparatus ready to slot in with zero warning is crazy - it's why public offices come with funding and staff.
I do somewhat wonder if people's opinions about this would survive the current incumbent changing. From previous experience, I have my doubts.
> They don’t. They’re introduced all the time and then edited and revised.
Trying to claim that revising a bill based on feedback is the same as "no need to consider those specifics yet" is crazy to me.
A bill with opposition from the president brought by a minority party that currently has no majority power in any area of government... I think this is probably a better thing to do than a bill at the moment.
After midterms, they would still need significant public support to pressure against a veto regardless. So what you call puffery, is probably a very necessary first step.
> what you call puffery, is probably a very necessary first step
Nope. Bills that become laws don’t tend to be preceded by non-binding resolutions. They are preceded by draft bills.
Well that's your incorrect opinion and you're welcome to it. It's wrong though.
Juneteenth national holiday, Emmett Till Anti-lynching act, Inflation reduction act to name a few. Plenty of budget resolutions are also made that eventually become law.
The problems with floating a bill is that it would be killed by the Republican-controlled branches (all of them). Best to hold it back in the hopes that Americans show up to save the coutnry.
> hold it back in the hopes that Americans show up to save the coutnry
This is a legitimate strategy that is wholly undone by announcing a public resolution.
Right before the Midterm elections, to show that they are "trying to do something".
Or rather to show they are "willing to do something if you allow us to" as opposed to the party currently in power who has demonstrated that they are willing to screw the American public over to fill their own pockets with cash