Forbes, of all places, has published a damning piece on the GOP tax bill. This is not economics, this is manifest corruption and the result of selling our politicians to the highest bidder.
“There’s no economic justification whatsoever for a tax cut at this time. U.S. GDP is growing, unemployment is close to 4 percent (below what is commonly considered “full employment”), corporate profits are at record levels and stock markets are soaring. It makes no sense to add any federal government-induced stimulus to all this private sector-caused economic activity, let alone a tax cut as big as this one.”
The GOP tax cut now working its way through Congress will be the start of a decades-long fiscal policy disaster unlike any others that have occurred in American history.
“Things are wrong in Washington” – Jamie Dimon
I agree, if the government worked properly Jamie Dimon and the other Wall Street criminals who caused the financial crash would be in prison. #LockHimUp
JPMorgan Chase CEO Jamie Dimon ripped the current state of the U.S. economy, saying growth is being held back by a lack of action in Washington.
“There’s of course a significant difference between North Korea saying it will never negotiate to halt or eliminate its nuclear weapons program, and that it will never negotiate as long as the U.S. continues to threaten it.”
An envoy said North Korea won’t negotiate on its nuclear program — as long as the U.S. threatens it. A Post editor quietly cut that last part out.
Populism will win in rural states
“Quist is running as a populist and supports a single-payer health care system, but his campaign bristles at comparisons to Sen. Bernie Sanders (I-Vt.), whom Quist backed in the Democratic presidential primary. In his first TV ad, launched Tuesday, he calls single-payer “health care we can afford.” He’s ardently pro-choice and opposes defunding Planned Parenthood, framing it as a fight against government intrusion into people’s personal lives. He understands climate change, but couches his belief with the exact same anecdote used by Zinke ― a story about watching the ice in Glacier National Park recede year after year.”
Big Sky Country Democrats are running a legendary folk singer with a populist flair against a cartoon plutocrat. Why won’t the national party pay attention?
I’ve spent much of this week in Washington – talking with friends still in government, former colleagues, high-ranking Democrats, a few Republican pundits, and some members of Congress from both sides of the aisle. It was my first visit to our nation’s capital since Trump became president.
1. Washington is more divided, angry, bewildered, and fearful – than I’ve ever seen it.
2. The angry divisions aren’t just Democrats versus Republicans. Rancor is also exploding inside the Republican Party.
3. Republicans (and their patrons in big business) no longer believe Trump will give them cover to do what they want to do. They’re becoming afraid Trump is genuinely nuts, and he’ll pull the party down with him.
4. Many Republicans are also angry at Paul Ryan, whose replacement bill for Obamacare is considered by almost everyone on Capitol Hill to be incredibly dumb.
5. I didn’t talk with anyone inside the White House, but several who have had dealings with it called it a cesspool of intrigue and fear. Apparently everyone working there hates and distrusts everyone else.
6. The Washington foreign policy establishment – both Republican and Democrat – is deeply worried about what’s happening to American foreign policy, and the worldwide perception of America being loony and rudderless. They think Trump is legitimizing far-right movements around the world.
7. Long-time civil servants are getting ready to bail. If they’re close to retirement they’re already halfway out the door. Many in their 30s and 40s are in panic mode.
8. Republican pundits think Bannon is even more unhinged than Trump, seeking to destroy democracy as we’ve known it.
9. Despite all this, no one I talked with thought a Trump impeachment likely, at least not any time soon — unless there’s a smoking gun showing Trump’s involvement in Russia’s intrusion into the election.
10. Many people asked, bewilderedly, “how did this [Trump] happen?” When I suggest it had a lot to do with the 35-year-long decline of incomes of the bottom 60 percent; the growing sense, ever since the Wall Street bailout, that the game is rigged; and the utter failure of both Republicans and Democrats to reverse these trends – they gave me blank stares.
What do you think?