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Archive of Articles in the "Economics" Category

Friday Talking Points [456] -- Rex Says What Everyone's Been Thinking

[ Posted Friday, October 6th, 2017 – 17:27 UTC ]

It's getting kind of hard to understand why Rex Tillerson is still secretary of state. He just had an extremely rough week, and that's even without counting the breaking news that he had previously called President Trump not just a "moron" but a "fucking moron." It's easy to get distracted by such salacious news (especially when Tillerson pointedly refused to deny the "moron" part of it), but even before that juicy leak, Tillerson was roundly being ridiculed for, once again, how his boss snarkily contradicted and belittled him on Twitter. Last weekend, Trump destroyed Tillerson's efforts to bring North Korea to the diplomatic table, tweeting that Tillerson was "wasting his time."

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The Rise And Fall Of Trump's Polling

[ Posted Tuesday, October 3rd, 2017 – 17:59 UTC ]

It's been two months since we last took a look at it, so it seemed like a good time to check in on President Donald Trump's job approval ratings. During this time period, Trump went down, then up, then back down again, finishing up within one point of where he started.

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Friday Talking Points [455] -- Price Break!

[ Posted Friday, September 29th, 2017 – 17:49 UTC ]

As we sat down to write this, the news broke that Secretary of Health and Human Services Tom Price has resigned. So, of course, we immediately had to come up with a snappy "price" pun for our title. We could have gone with the Rolls Royce slogan ("If You Have To Ask The Price, You Can't Afford It"), or maybe "The High Price Of Airfare These Days," but both are kind of wordy. So we had to settle for "Price Break!" (we did consider "Price Cut," but that would have been more appropriate if he had actually been fired). The news of Price's resignation came immediately following the news that President Donald Trump was going to decide -- tonight -- whether to fire him or not. So, one way or another, the Price would have been lowered, so to speak.

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How About Some "Regular Order" On Taxes, GOP?

[ Posted Thursday, September 28th, 2017 – 17:07 UTC ]

There's an old saying that when all you have is a hammer, pretty soon every problem starts to resemble a nail. Which brings us to the subject of Republicans and tax cuts, of course. For approximately the past 35 years or so, there has been no problem the GOP doesn't think can be fixed with a good old fashioned gigantic tax cut, mostly for the wealthiest Americans. Even their recent failed efforts on "repeal and replace Obamacare" were mostly just an excuse to slash taxes on the wealthy. Now that that's over with (for now, at least), Republicans no longer have to even pretend to have any other goal than slashing taxes on the well-off. But perhaps the process will improve. And then again, perhaps that is overly optimistic.

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Trump Tries To Cut His Own Taxes 81%!

[ Posted Wednesday, September 27th, 2017 – 17:05 UTC ]

The Alternative Minimum Tax (as Rodney Dangerfield might have put it) don't get no respect. Few who don't pay it have ever even heard of it. Those who do pay it hate it. The A.M.T. has no real champions among the political class, because there are so many other facets of tax policy to get worked up about. Take the estate tax, for instance -- a tax only paid at death, but one with a rousing political chorus on both sides (Republicans scornfully refer to it as the "death tax"). The estate tax gets some respect in Washington, both pro and anti. The A.M.T., not so much. But it should get a whole lot more attention now that the GOP has released their new tax-cutting outline. Because Donald Trump is effectively trying to cut his own taxes by a whopping 81 percent -- and, really, that's just the minimum tax break Trump would receive.

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Third And Long For GOP

[ Posted Tuesday, September 26th, 2017 – 16:51 UTC ]

Since football and politics collided on the gridiron last weekend, it now must officially be considered "football metaphor season." So, to get in the spirit: Republicans in Congress are facing third down with a long way to go, right before the end of the first half.

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Friday Talking Points [454] -- Senator Cassidy Fails Jimmy Kimmel Test

[ Posted Friday, September 22nd, 2017 – 17:28 UTC ]

The zombie legislation attacks (again)! While much else was going on in the political world this week, the most important event was the reanimation of the Republican "repeal and replace Obamacare" effort: It's not dead! It's alive! And it's lurching around threatening millions!

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GOP's Sisyphean Efforts

[ Posted Thursday, September 21st, 2017 – 17:24 UTC ]

Sisyphus, according to Wikipedia, was "punished for his self-aggrandizing craftiness and deceitfulness" by Zeus. Sisyphus was subjected to the eternal torture of pushing a heavy bolder up a steep hill, only to watch it roll back down again -- "an eternity of useless efforts and unending frustration." Sounds pretty familiar to anyone who has paid attention to the Republican "repeal and replace Obamacare" efforts all year long, doesn't it?

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Focus On One Particular Loophole In GOP's New Tax-Cut Plan

[ Posted Monday, September 18th, 2017 – 17:26 UTC ]

The Republicans are getting ready to unveil their tax-cutting plan. Reportedly, Treasury Secretary Steve Mnuchin has been meeting with congressional GOP leaders to come up with a plan both the White House and congressional Republicans can get behind. So far, they've been fairly secretive about this effort, because no matter what they decide they're bound to annoy at least one faction of their own party. To say nothing of Democrats, or the public at large.

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Friday Talking Points [453] -- Deal? Or No Deal?

[ Posted Friday, September 15th, 2017 – 17:27 UTC ]

As is true during most weeks of the Trump administration, a whole lot happened in the political world last week. But most of it was completely overshadowed by the game of "Deal, or no deal?" that Trump was playing. For the second week in a row, President Donald Trump shocked the leadership of his own party by sitting down and (quite literally) breaking bread with Democrats. Yes, Donnie had Chuck and Nancy over for dinner, and Washington hasn't been quite the same since.

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