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Archive of Articles in the "Economics" Category

Friday Talking Points -- The Battle Of Lafayette Square

[ Posted Friday, June 5th, 2020 – 17:24 UTC ]

This week, an American president ordered the violent removal of peaceful protesters -- who were doing nothing more than exercising their First Amendment rights to assemble, speak, and petition the government for redress -- from a public park so that he could then walk across the park and hold up a borrowed Bible for a photo opportunity with both the Secretary of Defense and (clad in battle fatigues) the Chairman of the Joint Chiefs of Staff. Afterward, the Trump White House immediately issued a propaganda video of the event. Later that evening, a military helicopter clearly marked with a red cross took offensive action against the protesters (which is banned by the Geneva Conventions, and is now under investigation). Later still, the president and all his enablers in the White House lied through their teeth about the entire incident, repeatedly. At week's end, we learned of another affront to the Constitution by the Trump administration, when it was revealed that federal law enforcement had unconstitutionally seized a shipment of cloth face masks created by a Black Lives Matter affiliate, and the only possible reason they did so was that the Department of Justice apparently didn't like the messages displayed on the masks (which read: "Stop killing black people," and: "Defund police").

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Friday Talking Points -- 100,000 Dead While Trump Fiddles With Twitter

[ Posted Friday, May 29th, 2020 – 17:16 UTC ]

Anyone "tired of all the winning" yet? Just asking....

In the same week America passed the grim milestone of 100,000 dead from the coronavirus pandemic, a black man was suffocated by a white police officer while three other cops stood by and either helped him commit this crime or did absolutely nothing to prevent it. Since then, there have been sometimes-violent protests in the streets of not only Minneapolis but in several other cities across the country. The dead man was accused of the crime of trying to use a fake $20 bill at a convenience store. The cops, acting as judge, jury, and executioner, provided him with a death sentence -- for the transgression of trying to pass a fake twenty.

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Too Little, Too Late From Twitter

[ Posted Tuesday, May 26th, 2020 – 16:33 UTC ]

Twitter is at the heart of a storm of controversy today, and rightly so. It just made a timid move to better its own public standing, but it is far too little and far too late to really stem the tide of deserved criticism they're now receiving. Twitter is, to be blunt, scared of President Donald Trump and his legions of followers. So they've allowed him to get away with tweeting pretty much anything that pops into his head, no matter how false or downright destructive his words prove to be. Now, perhaps, they're beginning to pay a price for this timidity in the court of public opinion.

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Friday Talking Points -- Trump's Mask-querade

[ Posted Friday, May 22nd, 2020 – 18:08 UTC ]

Proof has finally emerged that President Donald Trump has actually put a mask on his face. Bizarrely, this proof came from a non-official photographer instead of from an official media or White House source. Because the one thing Trump wants to avoid at all costs is ever setting any kind of good example for anyone.

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Friday Talking Points -- Trump Dumbfounded At How Science Works

[ Posted Friday, May 15th, 2020 – 17:52 UTC ]

President Donald Trump seems unclear on a few basic scientific and medical concepts. This isn't really news, of course, since Trump seems unclear on a whole host of things each and every day. But this week's comments on coronavirus testing were more than just a little bit astonishing.

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Trump's Chickens Are Coming Home To Roost

[ Posted Thursday, May 14th, 2020 – 16:38 UTC ]

It's been quite a while since we did a "three-dot Thursday" here, but it seemed like the thing to do now that we've got a flood of news coming in that all seems to be variations on a similar theme. The media has woven together all the strands of incompetence from the Trump White House into a cohesive whole, showing how woefully inadequate President Donald Trump has been -- and continues to be -- throughout the coronavirus pandemic. Or, to put it more bluntly, the chickens are coming home to roost...

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You Really Want To Talk About Bailouts, Mitch? Really?

[ Posted Wednesday, May 13th, 2020 – 17:18 UTC ]

Speaker of the House Nancy Pelosi just led off with a rather large opening bid to start the negotiations for the next round of disaster aid in Congress. Her bill, which the House will vote for on Friday, contains $3 billion in federal spending, much of it to help state and local governments devastated by the economic crash get through the crisis. This is an opening bid, mind you, because the Senate will obviously have a say in the negotiations to follow.

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Governors Get High Marks From Public, Not Trump

[ Posted Tuesday, May 12th, 2020 – 17:04 UTC ]

New polls just out show that President Donald Trump is badly losing the battle to control the narrative over his response to the coronavirus pandemic. While Trump's public job approval rating is exactly where it has been for pretty much his entire term (43 percent approval), almost all of the state governors are doing much, much better. And the American public overwhelmingly -- by a 3-to-1 margin -- wants to see the economy reopen slower, not faster. All of this has led to Trump petulantly tweeting that he deserves all the credit, instead of the governors. This is pretty pathetic after Trump shoved all responsibility for the pandemic response onto those very same governors. But because he did so, the governors are now reaping all of the praise and thanks from the public, not Trump.

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Trump Bets It All On Q3

[ Posted Monday, May 11th, 2020 – 16:11 UTC ]

In recent days, President Donald Trump has been (as he calls it) "cheerleading" the American economy, for three basic reasons. First, to Trump everything is a P.R. problem, at absolute worst. Second, it's all he really knows how to do when it comes to the economy (or anything else, for that matter). And third (and most important to Trump), he knows full well his re-election is going to hinge on whether the voters are going to be feeling any better about the future in November. In particular, Trump has essentially bet all his chips on the third quarter of 2020.

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Saturday Talking Points?

[ Posted Saturday, May 9th, 2020 – 15:10 UTC ]

Nothing shows that irony is dead in Trump's White House more than Donald Trump making a tour of an Arizona factory this week while refusing to wear a mask -- since the site he visited was actually a mask factory. They even presented him with his very own mask as a souvenir of the visit, which Trump (of course) failed to put on. He later tried to claim that he was indeed wearing a mask "backstage," but that nobody saw him do so. This wasn't even remotely believable, though.

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