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SMW for 5 December 2022




AT THE CLOSING BELL ON 5 December 2022


Dow Jones 33,947.10 -482.78 (1.40%)
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Quote for the Day:

Despite being synonymous with the Senate, the filibuster was nowhere in the Framers’ vision for the institution, and indeed is antithetical to it. The filibuster first appeared in the middle of the nineteenth century, after all the Framers had died and as the need to maintain slavery led southerners to search for new ways of defying the majority. For decades, one generation after another of obstructionists honed and strengthened the filibuster, but it was the southerners of the early twentieth century who made the crucial change. They figured out how to use the filibuster to raise the threshold for passing bills in the Senate from a simple majority, as the Framers had intended, to the supermajority that has become standard in the modern Senate.

Adam Jentleson. Kill Switch: The Rise of the Modern Senate and the Crippling of American Democracy. Liveright. (c) 2021.