PLUS: IFP's new research on American innovation, PPI experts weigh in on inflation, and more!
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Progress Report
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News, events, and must-read analysis from the Progressive Policy Institute.
** Paul Bledsoe for The Hill: Can America prevent a global warming cold war?
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At the 11th hour of climate negotiations in Scotland last week, the U.S. and China released a “Joint Glasgow Declaration on Enhancing Climate Action in the 2020s” outlining increased cooperation on a wide range of climate and clean energy topics. The communique’s careful language was redolent of Cold War détente documents, increasing a sense that climate change bargaining with China, Russia and other adversaries is becoming like Cold War nuclear nonproliferation negotiations: failure could be catastrophic, so enhanced cooperation is crucial, but often slow-going.
Yet, the climate crisis doesn’t permit the luxury of time. Leading science finds that to limit devastating near-term climate impacts, and reduce risks of runaway warming, China especially must cut its emissions as soon as possible this decade, not just in the long-term. So far, however, despite the new declaration, and climate discussions this week between President Joe Biden and Chinese President Xi Jinping, Beijing has made no such commitment. In fact, Chinese coal use just reached an all-time high.Sen. Joe Manchin and House moderates do their progressive colleagues a favor by demanding a bill that is fully funded without shell games and budget gimmicks. Pivoting to such a bill would shield Democrats from inflation risks and allow them to make permanent progressive policies that otherwise might vanish.
Can America prevent a global warming cold war? ([link removed])
by PPI Strategic Adviser Paul Bledsoe
for The Hill ([link removed])
READ MORE ([link removed])
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[link removed] Forward ([link removed])
New from the Experts
Policy Director of PPI's Center for New Liberalism Jeremiah Johnson: Give Biden credit for going big
⮕ New York Daily News ([link removed])
PPI's Innovation Frontier Project (IFP): American Innovation Under Threat: Restrictive Legislation And Global Competition
⮕ IFP ([link removed])
PPI Chief Economist Dr. Michael Mandel: Solving the 5G/Altimeter Conundrum
⮕ PPI Blog ([link removed])
ICYMI – Director of PPI's Center for New Liberalism Colin Mortimer: The House's SALT Cap Proposal Is Bad Policy and Bad Politics
⮕ Newsweek ([link removed])
PPI Director of Health Care Arielle Kane: Drug Pricing Compromise Will Protect Seniors
⮕ PPI Blog ([link removed])
PPI Director of Trade & Global Markets Ed Gresser: Trade Fact of the Week: 'Squid Game' outdrew the World Series this year
⮕ PPI Blog ([link removed])
Will Marshall for The Hill: Popping the progressive bubble
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For Virginia Democrats like me, the odd-year elections earlier this month were like a gruesome coda to Halloween. Republicans swept the top three statewide offices, took over the House of Delegates and knocked the Old Dominion back into swing state status.
As painful as they were, however, the Democratic losses in Virginia and close shave in New Jersey have had one salutary effect: They seem to have popped the progressive bubble — the activist left’s claims, credulously accepted by many media commentators, to be the authentic voice and future of the Democratic Party.
Post-election analysis has highlighted the pitfalls for Democrats of heeding only that voice. The protracted battle in Washington over progressives’ big social spending demands has reinforced public doubts about President Biden. Republicans also made notable gains among parents angry over school closures, falling standards and academic “antiracism” theories promoted by progressive social justice warriors.
Popping the progressive bubble ([link removed])
by PPI President Will Marshall
for The Hill ([link removed])
[link removed]: https%3A%2F%2Fthehill.com%2Fopinion%2Fcampaign%2F582061-popping-the-progressive-bubble Tweet ([link removed]: https%3A%2F%2Fthehill.com%2Fopinion%2Fcampaign%2F582061-popping-the-progressive-bubble)
[link removed] Forward ([link removed])
Hot Off the Press
The Guardian: Cop27 is in Egypt next year … but will anyone be allowed to protest? ([link removed])
However, Paul Bledsoe, a former Clinton White House climate adviser now with the Progressive Policy Institute in Washington, questioned whether Egypt would bring enough pressure to bear on countries reluctant to raise their ambition on emissions cuts: “It remains to be seen whether Egypt will be willing to finesse greater climate ambitions from historic allies such as Russia and newer funders like China.”
The Hill: Despite Democrats' pledges, an expanded IRS will harass the middle class ([link removed])
A recent report by the Progressive Policy Institute noted that the IRS currently does not have the information it needs to prepare tax returns for American families, especially refundable tax credits claimed by millions of low-income taxpayers.
Washington Examiner: Daily on Energy: Canada and Mexico pose obstacle to Biden’s union-built electric vehicle plans ([link removed])
“Biden’s priorities right now are the domestic economy,” said Paul Bledsoe, a former Clinton White House climate change adviser, now with the Progressive Policy Institute. “That may end up conflicting with international relations goals, especially around Made in America provisions in the reconciliation bill. He’s got to sell the clean energy transition as benefiting American workers,” Bledsoe told Josh.
New on the Pod
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The Progressive Policy Institute's Innovation Frontier Project released a comprehensive research deck on the threats facing American innovation. Jack Karsten, Managing Director of the Innovation Frontier Project, and Michael Mandel, Vice President and Chief Economic Strategist at PPI break down the deck's research and discuss how antitrust legislation in Congress would devastate American technological leadership and innovation.
What's new in the world of green technology? Noah Smith joins the show to discuss advances in solar, wind, battery and nuclear power, and why some of those technologies keep getting cheaper while others don't. We also discuss other climate related moonshots like carbon capture technology and geothermal power, and why it's so important to invest in basic green tech research now.
** Don't Miss This PPI Event
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COMING UP: How Better Statistics Lead to Better Policy in a Changing World
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Join the Progressive Policy Institute’s Innovation Frontier Project Friday, December 3rd at 11:00 AM for a virtual conference for economics researchers and reporters titled “How Better Statistics Lead to Better Policy in a Changing World." Panelists will discuss how our economy is becoming increasingly global and digital, yet economic statistics are slow to adapt to this new reality.
RSVP here ([link removed]) !
Don't Miss This PPI Report
NEW: American Innovation Under Threat
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From PPI's Innovation Frontier Project (IFP):
A new slide deck from IFP highlights how a package of antitrust legislation recently introduced in Congress aims to improve competition in the U.S. technology sector – but would limit digital platforms’ ability to integrate product features, promote new products, or even compete in new market segments.
Check out the full findings here ([link removed]) .
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