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Millennial Review Daily Review – June 30th 2022

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MR Daily Review

June 30th 2022

1. Supreme Court destroys E.P.A. ability to regulate carbon emissions.

Today the Supreme Court destroyed the Environmental Protection Agency’s power to regulate greenhouse gas emissions. Essentially getting rid of any ability to fight climate change and severely limiting federal authority to do so. In a 6-3 vote, in West Virginia v. EPA the court sided with Republican states and fossil fuel companies that the U.S. Court of Appeals for the District of Columbia was wrong when it held the Clean Air Act gave the EPA significant power over carbon emissions. The decision deals a significant blow to any attempts to fight climate change and almost certainly spells significant hurdles for future efforts.

2. Supreme Court set to gut election protections, rig elections.

The Supreme Court agreed to take up a case next term that could give state governments almost total control of elections, even overriding state courts. The case Moore v. Harper centers the controversial “independent state legislature theory” which posits state legislatures have total control over federal elections. The case revolves around a dispute stemming from a Republican congressional map that was so gerrymandered state courts found it impermissible and told Republicans to correct it. The courts in North Carolina issued their own map and the state legislature of North Carolina sued claiming they had sole jurisdiction to make those decisions. If the court sides with the theory it would give Republican state governments significant control over federal elections just in time for 2024.

3. Stock market has worst half year since 1970.

To quote the Washington Post, “The stock market closed out its worst six-month stretch to start a year since 1970, as inflation-driven upheaval has spread across nearly every part of the economy.The S&P 500 index edged 0.9 percent lower Thursday to bring its 2022 losses to 20.6 percent. The tech-heavy Nasdaq, which fell 1.3 percent, has tumbled nearly 30 percent this year, while the Dow Jones industrial average’s 0.8 percent drop put its year-to-date decline near 15 percent.” While the stock market doesn’t measure the health of the economy for most working people, it is a good indicator what capital might do next. And with inflation concerns front of mind a fed engineered recession seems all but inevitable.

4. Florida judge blocks 15 week abortion ban.

The legal fight over reproductive rights continues as a Florida judge throws out Florida’s 15 week abortion ban. Joining judges in Texas and Kentucky who likewise threw out their state’s bans, Second Judicial Circuit Court Judge John Cooper issued a temporary injunction blocking the bill and leaving Florida’s law open to abortions up to 24 weeks. For now Florida remains one of the most open states in the South in terms of abortion regulation. This is just one small part in the on going legal battle over what terms with which a state can ban abortion. Even though Roe has been overturned many of the concepts, such as a right to privacy, are being invoked by judges overturning bans for the time being. How it all shakes out remains to be seen but without federal action from Democrats these court rulings are only a temporary solution.

5. Biden backs ending filibuster to codify abortion rights.

Joe Biden announced today that he backs ending the filibuster to codify abortion rights, specifically by making a carve out in the procedural hurdle for voting rights. While that is exactly what should be done it’s a rather hollow gesture that won’t mean much without significant political maneuvering to make it happen. Joe Manchin has long been skeptical of the Democrat’s position on abortion and has always been explicitly against ending the filibuster for anything, let alone abortion which he believes is unpopular. If Biden isn’t willing to play hardball, investigate Manchin’s daughter for pharmaceuticals fraud, something to put the pressure on, it’s a rather hollow gesture.

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