David Dayen
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ddayen.bsky.social
David Dayen
@ddayen.bsky.social
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Executive editor, The American Prospect. Author, Chain of Title and Monopolized. Tips at ddayen-at-prospect-dot-org or Signal at ddayen.90
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ddayen.bsky.social
PCCC
November 11, 2025 at 2:51 AM
ddayen.bsky.social
To believe that Chuck Schumer disliked the deal but let enough of his caucus members vote for it to pass, you'd have to disclaim any knowledge of how politics works.
This is a planted story that puts the best light on a bad situation.
November 11, 2025 at 12:14 AM
ddayen.bsky.social
Yes it disappeared.
November 10, 2025 at 9:40 PM
ddayen.bsky.social
Rule by deal=ad hoc agreements with domestic companies & foreign nations that benefit the president & businesses he favors. Each deal is individually negotiated, unpredictable, & unconnected. They often fall apart. The only benefit is bringing powerful men to heel. prospect.org/2025/11/10/t...
Rule by deal picks winners and losers—the exact fear that so many free-market voices wielded incorrectly at the Biden administration. In all of these deals, there is no industry-wide analysis, credit facility available to all companies in a sector, or equitable offering of investment capital. It’s also not clear what legal authority they are relying on to make direct investments. This selective approach risks trapping the government in a cycle of doubling down, investing more public money to prop up struggling, politically favored companies rather than letting them fail. Promising firms in the same sector may lose access to private funding, as investors gravitate toward firms with governmental support. WHILE RULE BY DEAL MAY BE CHAOTIC, it is effective in consolidating political power in the office of the presidency. In no domain is this more apparent than in the response of corporate leaders in the second Trump administration. The transformation from Trump’s first term is dramatic. In August 2017, after a white supremacist ran a car through a crowd in Charlottesville, Virginia, killing a 32-year-old woman, Trump declared that there were “very fine people on both sides.” Immediately, the CEOs of Merck, Intel, and Under Armour resigned from Trump’s manufacturing council. Dozens of other CEOs followed—including Disney’s Bob Iger and Tesla’s Elon Musk—in what became a mass exodus from White House advisory positions; Gary Cohn, the chair of the National Economic Council, left as well. In the wake of the January 6th, 2021, insurrection attempt, the Business Roundtable, the Chamber of Commerce, and the National Association of Manufacturers quickly condemned the administration, a rare moment of elite business leaders breaking from conservatives.
November 10, 2025 at 2:46 PM
ddayen.bsky.social
Peters also likely Aye, could be a few more.
November 10, 2025 at 1:46 AM