According to Trump’s former chief economist, Mr. T is now desperate for a deal with China. At home, the Trump Administration is faced with scandals that are epic … Grant’s Whisky Ring and Harding’s Tea Pot Dome are now faint memories after and administration where two thirds [...]
Posts Tagged ‘Economics’
October 6th, 2018 - 12:20 am § in Donald Trump
How ya doing?
The Trumpies are real good at Whattabout. Ask about the Russian scandal, the border farce, Puerto Rico, or Trump’s thuggish behavior and the answer always is .. look at the economy! Next the Trumpies roll out statistics they get from Fox News. Lots of statistics in a perverse version of rata[...]
Post NAFTA: Who would YOU bargain with?
Mexico and Canada came out OK, the loser was the US. In return for a few concession to sell cheese in Canada and overpriced US made car parts to Mexico, we end up with burned and mistrustful trading partners. What next? China can present Mexico and Canada with a stable bargaining power, a growi[...]
August 16th, 2018 - 10:32 am § in Environment, Foreign Affairs
Congressional Budget Office Casts Doom on Trump Economy
Once the 1.5 trillion dollar tax cut is spent, the Congressional Budget Office predicts the U.S. economic growth will fall well below the Trump administration’s 3 percent target In an updated economic outlook, the nonpartisan Congressional Budget Office (CBO) projected that the long term imp[...]
May 29th, 2018 - 9:06 am § in Donald Trump
Another Trump Killer’s Head May Roll
Commerce Secretary Wilbur Ross was brought into the administration as one of President Donald Trump’s “killers” — but, as the egotistical President has driven everyone with any expertise out of the government, even his buddy Ross is increasingly marginalized and is a mess. As Trump has taken[...]
March 4th, 2018 - 12:18 pm § in Donald Trump
About those steel and aluminum tariffs …
Stocks dropped last week after Trump announced his intention to impose tariffs on steel and aluminum imports. He didn’t base this action on economic arguments, but on national security, which makes sense. If we depend on Santa’s Workshop for steel needed for defense, and get into a confl[...]
December 24th, 2017 - 8:56 pm § in Donald Trump, Politics
Why the GOP tax bill isn’t the victory they say it is.
Although President Trump and Congressional Republicans are hailing their tax bill as a great legislative victory, they failed to achieve many of their objectives and suffered significant defeats. Among them: * They failed to eliminate the estate tax. * They failed to eliminate the alternative minimu[...]
December 1st, 2017 - 9:18 am § in Politics
CFOs deny workers will get raises
Corporations are about to get huge tax cuts. Republicans argue these tax cuts will trickle down to workers as higher wages. But CFOs quickly threw cold water on those claims. Read story here. [...]
November 30th, 2017 - 8:55 am § in Misc.
PHOTOGRAPHY on Thanksgiving
Innovation in Flour 1939. Kansas Wheat. When they realized women were using their sacks to make clothes for their children, the mills started using flowered fabric for their sacks so the kids would have pretty clothes. Pure kindness. The label would wash out.[...]