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Jackie Filson, filson@openmarketsinstitute.org, 202-909-1098 x 1005
President Donald Trump and his allies in Congress last week incited, directed, and condoned an attack by a racist and neo-fascist mob on the United States Congress and American democracy. After the attack, Facebook, Twitter, Google, Amazon and other private corporations cut off communications services to Trump individually, and to Parler, a platform where many of his followers communicated. The corporations said Parler violated their terms of service by not policing calls for violence against the U.S. government and individual citizens.
President Donald Trump and his allies in Congress last week incited, directed, and condoned an attack by a racist and neo-fascist mob on the United States Congress and American democracy. After the attack, Facebook, Twitter, Google, Amazon and other private corporations cut off communications services to Trump individually, and to Parler, a platform where many of his followers communicated. The corporations said Parler violated their terms of service by not policing calls for violence against the U.S. government and individual citizens.
In response, Barry Lynn, executive director for Open Markets Institute, issued the following statement:
"The Open Markets Institute condemns racism and neo-fascism absolutely and has long taken a lead in condemning the role played by Facebook, Google, Twitter, and other monopolists in validating, amplifying, and profiting from such beliefs. Open Markets also has warned about the dangers of Facebook and YouTube's business models in particular, which identify individuals' susceptibilities based on troves of data collected about them, and then hyper-target those individuals with incendiary content intended to make them react and "engage." Facebook's internal research estimated its algorithms recruited 64% of members to extremist Facebook groups. Yet it has been unwilling to make changes that could lessen its astronomical profits.
"Equally dangerous is Big Tech's concentrated control over the flow of information and allowing private monopolists to manipulate and censor speech. That's why Open Markets has led the way in demanding that Congress establish a new set of rules to govern, protect, and deconcentrate communications in our democracy in the 21st century.
"During a clear political emergency such as Americans witnessed last week, it can be necessary to regulate some communications for a short time. Free speech is not, and never is, absolute. What is absolute in a democracy is that the people must never allow a handful of corporate bosses who control essential communications infrastructure to dictate the boundaries of free speech. Nor must we allow private corporations to manipulate what speech billions of people see -- with incendiary speech and disinformation prioritized and legitimate journalism often buried. A foundational principle of the United States is that owners of essential services, including communication infrastructure, never treat individuals or classes of individuals differently, except in instances expressly approved by the people and their representatives.
"The path forward is simple. First, Congress must enact clear rules that protect free speech while also barring incitements to violence, libel, and other restricted speech on all public debate forums hosted by any corporation providing essential communications services. By any fair reckoning, Facebook, Google, Amazon, and Twitter must all be covered by such rules. Second, the FTC should use its rule-making authority to ban the deceptive data collection and the hyper-targeted ads that allow these corporations to manipulate and exploit their users. Third, Congress and law enforcers must act to clearly separate advertising-supported publishing from the business of providing essential public platforms and communications services.
"The good news is that the Antitrust Subcommittee of the House Judiciary Committee has provided us with a path to follow. In a recent report, the subcommittee detailed how Americans can use anti-monopoly law and regulation to restructure the platform monopolists and regulate their behavior in ways that eliminate their ability to manipulate and censor flows of information and commerce, and to profit off the distribution and amplification of extreme and dangerous views.
"Open Markets Institute demands that lawmakers and law enforcers move immediately to embrace this guide and fix the socially destructive business models of Facebook, Google, Amazon, and other essential platforms. The future of our democracy is at stake."
The Open Markets Institute works to address threats to our democracy, individual liberties, and our national security from today's unprecedented levels of corporate concentration and monopoly power. By combining policy, legal, and market structure expertise with sophisticated communications and outreach efforts, Open Markets seeks not only to hold today's monopolies accountable for abuse of power, but to rebuild an economic system where progress is easier to achieve, because power is far more widely and equitably distributed
"Does anyone really care if the Strait of Hormuz is open?" asked one banking executive.
Even as President Donald Trump's illegal war with Iran and tariffs on foreign goods are hammering working-class Americans, a new report shows that members of the US elite have never had it better.
As The Financial Times reported on Thursday, attendees at the annual Milken Institute conference in Beverly Hills this week were living in "blissful ignorance" of the economic pain hitting workers in the US and around the world.
“People are glossing over the war with Iran,” an anonymous private credit firm executive told The Financial Times. “They've become desensitized to it. For some reason, people are saying, ‘Yeah, so what?'"
The Financial Times also quoted one person described as a "high-powered banker" who asked, "Does anyone really care if the Strait of Hormuz is open?"
Ted Koenig, chief executive of Monroe Capital, told The Financial Times that, while people at the conference were vaguely aware of the suffering of middle-class and working-class Americans, "at the end of the day, everyone’s focused on their own investment portfolios, especially here."
While the mood at the Milken conference may have been buoyant thanks to the record-setting stock market, fresh data released Friday showed Main Street America is feeling the exact opposite.
The University of Michigan's latest Surveys of Consumers found that consumer sentiment has hit another all-time low, driven in large part by anxiety over price increases caused by the Iran war.
"Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump," explained Joanne Hsu, director of the Surveys of Consumers. "Middle East developments are unlikely to meaningfully boost sentiment until supply disruptions have been fully resolved and energy prices fall."
Tahra Hoops, director of economic analysis at Chamber of Progress, noted 30% of respondents in the latest Surveys of Consumers said that Trump's tariffs were driving up their expenses.
"It would do well for Dems to continue to shout that gas prices are high and tariffs are raising your costs!" Hoops wrote.
While consumer spending has for months held up in the wake of low confidence, McDonald's CEO Chris Kempczinski said this week that signs of real strain are starting to appear.
As CNBC reported Thursday, Kempczinski described the current economic environment as "challenging," and warned that "it’s certainly not improving, and it may be getting a little bit worse."
The fast food CEO pointed to high gas prices as a particular strain on working-class consumers, who are the most regular customers at McDonald's.
“Clearly, when you have elevated gas prices, which is the core issue that I think we’re all seeing about in the press right now, gas prices, inflation on that, that is going to disproportionately impact low-income consumers,” Kempczinski said. “And so we expect the pressures there are going to continue.”
Kempczinski wasn't the only CEO to sound alarms about US consumer spending this week.
According to a Thursday report from Market Watch, Whirlpool CEO Marc Bitzer said during a quarterly earnings call that the appliance industry had seen a 7.4% drop in demand in the first quarter of 2026.
"This level of industry decline is similar to what we have observed during the global financial crisis," said Bitzer, "and even higher than during other recessionary periods."
"It is long past time to hearken back to the legacy of the New Deal, to unlock American ingenuity and work ethic to rise to our energy challenges."
In his energy policy unveiled Friday, Democratic US Senate candidate Graham Platner in Maine emphasized that political choices over the last several decades undid the robust New Deal-era framework that helped keep household bills down and financed electricity across his state and the country—and that lawmakers can and must shift their priorities in order to help working families afford energy once again.
"What was done by political choice can be undone by political choice," said Platner in the plan. "If we approach our energy challenges with the resources currently reserved for the Pentagon and for billionaire tax breaks, we can meet our energy needs."
The oyster farmer and combat veteran, a political newcomer who is the presumptive Democratic nominee and is running to unseat five-term Sen. Susan Collins (R-Maine), unveiled a plan under which the US can "Take Back American Power" by replacing "regressive gas and diesel taxes" with his billionaire wealth tax proposal, introduced last month; take aim at Big Oil windfall profits; and prioritize clean energy development instead of "overpriced, dead-end Pentagon pet projects."
The plan is divided into four sections, with the first focusing on slashing energy prices for households across the country and in Maine—where the average family paid $900 more this past winter compared to the previous year to heat and light their home and power their car.
While the federal gas tax is meant to fund the Highway Trust Fund for infrastructure projects, Platner noted that $275 billion general fund have been needed to supplement the trust fund since 2008. Instead of funding projects with taxes that "hit working-class Mainers that hardest," said Platner, "public goods should be financed by progressive, general revenues" like his proposed 5% tax on wealth over $1 billion.
He expressed support for the Big Oil Windfall Profits Tax Act, introduced by Sen. Sheldon Whitehouse (D-RI) and Rep. Ro Khanna (D-Calif.), with a national fund to lower or freeze electricity rates supported by a per-barrel tax equal to 50% of the price difference between current oil prices and those from last year.
"We can cut Wall Street speculators out of the equation, build at scale with union jobs, and lower costs for everyone."
A rate freeze would also be funded by "repurposed federal fossil fuel subsidies and federal energy leases... so that states can support utilities making long-overdue upgrades that create a stronger, better-utilized, and cleaner grid that lowers power bills."
The second section of the plan focuses on funding clean energy projects and replacing the model of "financing energy investments with expensive private equity and high-yield debt" with a National Energy Infrastructure Fund. The fund would issue debt backed by the federal government, working with state agencies to provide "cheap capital directly to utilities, rural electric co-operatives, public energy authorities, and other developers of low-risk clean energy projects."
Combined with permitting reform for clean energy projects, the National Energy Infrastructure Fund would allow for an efficient build-out of transmission lines and offshore wind projects while passing tens of billions of dollars in savings on to ratepayers.
"We can cut Wall Street speculators out of the equation, build at scale with union jobs, and lower costs for everyone," said Platner.
The Senate candidate also proposed strategic fuel reserves for fisheries and farms, modeled on a reserve that hold approximately 1 billion barrels of oil for households across the Northeast in case of a fuel disruption.
Releases from a marine fuel reserve would "be triggered by verified price spikes during fishing seasons," while the stock for farmers, who bear "the brunt of our energy crisis," would be used to insulate the nation's food supply "from price shocks, particularly those caused by arbitrary wars."
The policy proposal was released as President Donald Trump issued his latest violent threat against Iran despite a ceasefire that was reached a month ago in the war the US and Israel started in late February. The average gas price is now above $4.50 per gallon, while 70% of US farmers told the American Farm Bureau Federation last month that the price of fertilizer has gotten so high due to Iran's closing of the Strait of Hormuz in retaliation for the attacks, that they will not be able to afford all they need for the 2026 planting season.
Platner has taken aim at Collins for her votes against war powers resolutions that would give Congress a check on Trump's authority to attack Iran.
"Mainers can no longer afford Susan Collins, her party, or the crony capitalism that has handed over our essential public infrastructure to oil companies, private equity, and foreign-owned utilities," said Platner. "The solutions are straightforward. They simply require the political will: to end Big Oil’s stranglehold on our energy policy, to slash prices for consumers, and to build the energy of the future."
The Democrat's energy plan also calls for a National Whole Home Repair Program, modeled on a Pennsylvania initiative and scaled to the federal level. The program would partner "with public housing authorities, county-level programs, and local building and construction trades unions to cover the full range of work that would bring old housing into the present."
"Weatherization, electrification, and heat pumps can lower bills by thousands of dollars a year," reads the plan. "The technology exists. The skilled trades exist. What does not exist, for most Mainers, is the upfront capital."
It concludes that "it is long past time to hearken back to the legacy of the New Deal, to unlock American ingenuity and work ethic to rise to our energy challenges."
"Unlike GOP-led states that redrew their congressional maps in backroom deals, Virginia let the people decide," said Sen. Tim Kaine. "But the Virginia Supreme Court has blocked the people's choice."
Virginia, one of two states that combated President Donald Trump's gerrymandering campaign by enacting voter-approved congressional districts favoring Democrats, had its new map struck down by the state Supreme Court on Friday.
"On March 6, 2026, the General Assembly of Virginia submitted to Virginia voters a proposed constitutional amendment that authorizes partisan gerrymandering of congressional districts in the commonwealth," notes the court opinion. Voters narrowly approved the proposal, 51.7% to 48.3% last month.
However, the state's high court found that "the legislative process employed to advance this proposal violated Article XII, Section 1 of the Constitution of Virginia. This constitutional violation incurably taints the resulting referendum vote and nullifies its legal efficacy."
Responding in a Friday statement, Speaker of the Virginia House of Delegates Don Scott (D-88) said that "we respect the decision of the Supreme Court," while also celebrating that so many Virginians turned to the ballot box to "fight back against the Trump power grab" and pledging to keep up the battle "for a democracy where voters—not politicians—have the final say."
Some leading Democrats were more critical of the Republican-majority state court, which Virginia Attorney General Jay Jones said "has chosen to put politics over the rule of law" with a decision that "silences the voices of the millions of Virginians who cast their ballots in every corner of the commonwealth, and... fuels the growing fears across our nation about the state of our democracy."
"Before the court, my office clearly laid out both in filings and oral arguments that this constitutional amendment process and voter ratification occurred in a timely, constitutionally compliant, and legally sound manner," he continued. The court "contorted the plain language of the constitution and code of Virginia to give it a meaning that was never intended, which allowed them to reach the wrong legal conclusion that fit their political agenda. The consequences of their error are grave."
"This court's ruling follows a dangerous trend of tilting power away from the people," Jones added. "My team is carefully reviewing this unprecedented order, and we are evaluating every legal pathway forward to defend the will of the people and protect the integrity of Virginia's elections."
Denouncing the decision as "outrageous and unconscionable," Congressman Eugene Vindman (D-Va.) said that "at the heart of our democracy is the principle that the results of elections ought to be respected, and the Virginia Supreme Court today dealt our democracy a terrible blow."
MoveOn Political Action's chief communications officer, Joel Payne, also called out the court for "silencing and invalidating the votes of 3 million Virginians," the majority of whom "voted to level the playing field against Republican efforts to avoid accountability at the ballot box."
"Once again, the courts have blunted the will of the people, and are giving a green light to President Trump and Republicans’ unprecedented power grab in the midterms," said Payne, whose group had endorsed Virginia's ballot measure.
US Tim Kaine (D-Va.) isn't up for reelection this cycle, but he still stressed the importance of convincing voters to support Democrats, no matter what their congressional maps look like, in the November midterms. As he put it: "Unlike GOP-led states that redrew their congressional maps in backroom deals, Virginia let the people decide. But the Virginia Supreme Court has blocked the people's choice. So we have to campaign and win on their maps. We can do it!"
California is the other state where voters approved a new map for the US House of Representatives in response to Trump pushing Republican leaders in Texas, Missouri, and Florida to redraw districts to help the GOP in the next election. As in Virginia, California's redistricting is being challenged in court. There have also been recent changes to political lines in Ohio and Utah that could help influence control of Congress.
The 4-3 ruling in Virginia—which election expert Dave Wasserman noted is an "enormous setback for Dems" who had hoped to pick up four seats—came just hours after Tennessee Republicans passed a new map targeting the state's only majority-Black district, despite objections in Memphis and across the state. Their move followed the US Supreme Court ruling that gutted the remnants of the Voting Rights Act (VRA) last week, which also led to an ongoing fight over a primary in Louisiana.
Human rights attorney and former Illinois congressional candidate Qasim Rashid said Friday: "So to be sure, US Supreme Court says red states can ignore the will of the people and gerrymander their districts 9-0 in favor of MAGA Republicans. But VA Supreme Court says blue states cannot put the vote to the will of the people and follow through on the people's vote to redistrict."
"Once again, gerrymandering that centers white people is A-OK, but gerrymandering that centers a broad base of voters is not," he added. "Absurd."