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…)
Those who had lauded the expansion of executive powers when Barack Obama was president perhaps now see the dangers of an imperial presidency with Donald Trump as president. It doesn’t matter if you are Republican or Democrat, conservative or liberal, because we all know what Lord Acton said about the corrupting influence of power. (more…)
I told you so. I am not gloating but I have been quite correct about Donald Trump in my prior articles. I wish it were not true, but he is living up to my early assessment of what his presidency would look like. Also see here and here. His defenders say that he has accomplished a lot. Politifact, a site which keeps track of what politicians say and then do, has given him credit for accomplishing these campaign promises: (more…)
Every year the American Society of Civil Engineers (ASCE) comes out with a report card on the condition of America’s infrastructure. We got a D+ this year. According to them, “Deteriorating infrastructure is impeding our ability to compete in the thriving global economy, and improvements are necessary to ensure our country is built for the future.”
They calculate that every family in America will lose $3,400 a year because of infrastructure deficiencies. If the problem isn’t fixed, they say, GDP will lose $4 trillion a year by then (2025) and 2.5 million jobs will be lost. They recommend an additional $1.1 trillion of spending on transportation (roads and bridges) over the next 10 years to correct this problem.
President Donald Trump says that we need to spend $1 trillion to “transform America’s crumbling infrastructure into a golden opportunity for accelerated economic growth and more rapid productivity gains.”
Liberals and conservatives alike get teary-eyed when they hear this. They think that massive spending, especially on roads and bridges, will “put people back to work” and make America more productive.
Here is the reality: America’s infrastructure is not crumbling, massive spending won’t create any permanent jobs, and productivity is not suffering because of our infrastructure. These are economic myths that lobbyists, infrastructure contractors, and the ASCE perpetuate to get fat contracts. (more…)
I checked out my closet to see where my clothes were made. My shirts were made in Vietnam, China, Peru, Honduras, Nicaragua, El Salvador, Dominican Republic, Mauritius, Singapore, Thailand, and Turkey. My Levi jeans were made in Bangladesh, India, and Mexico. I couldn’t find any clothing made in America. Maybe I didn’t look hard enough. At Costco you can get a very nice all cotton t-shirt made in Peru for $12.
Think about all the jobs lost because of these cheap imports. If Costco was truly patriotic why don’t they buy American made clothing? Wouldn’t that keep jobs in America? Trump says that China and Mexico are stealing American jobs. (more…)
One can see President Trump as a decisive leader who takes bold action to move the country forward. Or, one can see him as a leader blissfully ignorant of the consequences of his actions.
I choose the latter interpretation.
I am reading about the consequences of his edict to ban entry to people from the seven prohibited countries. This is just one edict among many that are bold and reckless. These actions reveal a pattern to his decision-making.
There are six elements to President Trump’s thought process: (more…)