President Trump and His Personal Trade Deficit

The other day President Donald Trump tweeted, “The United States has an $800 billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies. Our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more.”

If it is the case that we have been fools to engage in “one-sided” free trade with other countries, then Trump personally entered into a “very stupid” deal resulting in a huge personal trade deficit. (more…)

Bending the Knee

This is not about Game of Thrones, but rather our national anthem. In 2016 when 49er quarterback Colin Kaepernick bent his knee during the national anthem it was a protest of a black man against racial injustice in America. It spread from there. Within a month similar protests were seen not only in the NFL but in college sports as well.

That was last season. This football season it became a national issue since Donald Trump waded in with “Wouldn’t you love to see one of these NFL owners, when somebody disrespects our flag, to say, ‘Get that son of a bitch off the field right now, out. He’s fired. He’s fired!’”. That played well in Alabama. (more…)

Taxing The Rich And Other Follies

Even though I have said this before apparently no one was listening so I have to say it again* because every time a new tax reform bill is proposed, the same clichés are trotted out and most of them are wrong. The purveyors of these clichés know they are wrong but they don’t care because they are trying to manipulate you to their ends. And, people fall for them.

Here is what the polls say about what Americans think about taxes (Gallup, Pew Research): (more…)