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Posts Tagged ‘Economy’

December 28th, 2017 - 7:55 am § in Donald Trump, Repugnants

Republicans think you’re stupid.

“Trump, Republican lawmakers and their allies* are betting … ordinary Americans will have no objection if corporations and the wealthy receive the bulk of the tax-cut gains so long as middle class households … also receive some benefits.” (Click here for source.) Polls say t[...]

December 27th, 2017 - 8:25 am § in Politics, Repugnants

GOP Rep calls middle-class tax cuts “socialism”

Robert Pittenger, a multimillionaire businessman, barely won a “safe” GOP seat in North Carolina in 2012, and since then has been one of the most dogmatic, closed-minded, radically rightwing — and racist — members of Congress. If you have a pre-existing condition, he says you[...]

December 19th, 2017 - 8:27 pm § in Politics, Repugnants

Busting the tax stimulus myth

Republicans claim their corporate tax cuts will stimulate investment to create jobs and raise wages: “Big US companies have been piling up cash for years, but they’ve spent little of it on buying equipment and raising wages and other things to grow the economy. Republicans say they know[...]

December 8th, 2017 - 1:21 pm § in Misc., Politics, Repugnants

A gift to America’s richest people

This is how much America’s 15 richest people might save in estate taxes if the GOP tax bill passes. Enjoy, because you’re paying for it. 1.  Bill Gates, $35.6 billion 2. Jeff Bezos, $32.6 billion 3. Warren Buffett, $31.2 billion 4. Mark Zuckerberg, $28.4 billion 5. Larry Ellison, $23.6 [...]

October 25th, 2017 - 12:43 am § in Misc.

The Chinese Century, a Graphic from 2017

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October 15th, 2017 - 3:29 pm § in Donald Trump, Politics

What to expect from Trump’s appointment of a Fed chair

The Federal Reserve has enormous influence over the economy and financial markets. Most observers think it’s possible, but unlikely, that President Trump will reappoint Janet Yellen to another 5-year term as Federal Reserve chair when her current term expires in February 2018. Here’s who[...]

October 1st, 2017 - 2:23 pm § in Donald Trump, Repugnants

Trump adviser thinks kitchens and new cars cost $1,000

Trump’s economic adviser Gary Cohn says, “If you allow a family to keep another thousand dollars of their income, what does that mean? They can renovate their kitchen. They can buy a new car.” Cohn is peddling Trump’s tax “reform,” which of course is the standard [...]

September 23rd, 2017 - 1:21 pm § in Schools & Colleges

Why Uncle Sam should pay off everyone’s student debt

Republicans want to cut taxes by $1.5 trillion. If past practice is any guide, most of these tax cuts will go to the rich, who won’t invest it to create new jobs. (And if they did, it’s hard to see how they’ll fill them, because the U.S. economy already is at full employment and ha[...]

September 13th, 2017 - 10:41 pm § in Misc.

Status check: U.S. household debt

While U.S. household debt has regained 2008 levels, there is more income servicing that debt, and credit quality is better. “This means that the new peak in household debt is far less worrisome than the levels we saw in 2008 and more likely part of a much-needed boost in overall debt servicing[...]

July 17th, 2017 - 12:23 am § in Donald Trump, Hypocrisy

JP Morgan Says That The Trump Mess Is Hurting the US Economy

Dimon says ‘bad policies’ are ‘hurting the average American’ Nine years after Barack Obama began the effort to pull us out of the Bush era’s Great Recession, the US is in the ninth year of expansion.  That should be great news but J.P. Morgan Chase & Co.’s outspoken CEO Jami[...]