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Archive of Articles in the "Economics" Category

Friday Talking Points [492] -- Super Callous Fragile Ego Trump You Are Atrocious

[ Posted Friday, July 13th, 2018 – 17:57 UTC ]

We certainly can't claim authorship for that rather brilliant title. It was seen on a protest sign in the midst of the 100,000 people who marched in London in opposition to President Donald Trump's visit to Britain. Accompanying the march was a giant "Trump Baby" blimp floating in the breeze, which depicted Trump in diapers with a cell phone in his tiny, tiny hand. The wranglers of the blimp all wore outfits with "Trump Babysitter" written on them, for extra emphasis. Where is Mary Poppins, when you need her the most?

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Donald Trump's Delusional Worldview

[ Posted Thursday, July 12th, 2018 – 17:10 UTC ]

Lying about the scope of his electoral victory is rather minor, though. Having a delusional worldview while meeting with other nations' leaders is quite another. That impacts America as a whole, because it serves to undermine our standing in the world. In Trump's rather unique worldview, Europe and Canada are our enemies, while Russia and North Korea should be our friends. That would be a jaw-dropping statement to make about any U.S. president, but with Trump it is merely par for one of his many golf courses. Trump has shown, in two recent multilateral meetings between America's closest allies, that he is deeply distrustful of America's staunchest friends and is quite willing to punish them for all their perceived faults. Trump has actually instituted tariffs against our allies using an obscure clause in U.S. law that allows the president to do so unilaterally (without the consent of Congress, in other words) when "national security" is at stake. Trump has claimed (with zero proof) that Canadian steel and European cars sold in this country actually threaten our national security. Again, this is simply jaw-dropping stuff, but so far Congress has not bothered to directly challenge Trump's delusions. The Senate just passed a very weak "perhaps you shouldn't do this" state-of-the-Senate resolution against Trump's national security tariffs, but they failed to even vote on any stronger measure which would have removed Trump's ability to singlehandedly levy such tariffs. So they've dipped one very timid toe in the water, but they refuse to dive in yet.

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Friday Talking Points [491] -- FART Act, Pruitt Out

[ Posted Friday, July 6th, 2018 – 16:55 UTC ]

We are (of course) not drawing any onomatopoetic comparisons to Scott Pruitt's last name with that title -- perish the thought! -- because it is merely a reference to two political stories which bookended this week. That's all. Ahem.
We begin with a little history. Benjamin Franklin was a funny guy, and was [...]

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White House Rips Out A Real Stinker Of A Proposal

[ Posted Monday, July 2nd, 2018 – 16:31 UTC ]

In the midst of the opening salvos in Trump's worldwide trade war, Axios just uncovered a very interesting story. Apparently, President Trump is now considering backing out of the World Trade Organization, one way or another. He feels constrained by its restrictions, he (of course) feels it is unfair to America, and he would much prefer realigning all of America's trade into bilateral agreements that he will personally negotiate with each country on the planet. But what was most amusing was one of the ways the White House is considering achieving this. They've drafted a piece of legislation that would give Trump full control over tariffs (removing Congress completely from the equation) and also allow Trump to essentially ignore the W.T.O. and all their pesky rules. Pretty much par for the "I alone can fix this country" course, really. But whichever Trump policy flunky put this legislation together needs a quick refresher course on creative acronyms, because the proposed bill is currently named the "United States Fair and Reciprocal Trade Act." Yep, that's right, the "U.S. FART Act" (or, if you want to be pedantic, the "U.S. FaRT Act"). Either way, it's a ripe and fetid stinker of a proposal.

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Friday Talking Points [490] -- Full Court Press

[ Posted Friday, June 29th, 2018 – 17:04 UTC ]

Liberals had a very bad week at the Supreme Court last week. There's no denying it. Almost all of the final decisions of the year went against them, and that was before the news of Justice Anthony Kennedy's impending retirement hit Washington like a bombshell. Fears that President Donald Trump will pick an ultra-conservative to replace him mean that bedrock decisions such as Roe v. Wade are now hanging in the balance. Democrats are vowing to fight hard against the next justice's confirmation, but this is quite likely a fight they are going to lose.

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Progressives Have A Good Primary Night

[ Posted Wednesday, June 27th, 2018 – 16:31 UTC ]

I realize there is bigger news from the Supreme Court today, but since I wrote about them yesterday I'm not going to address Anthony Kennedy's retirement yet. Instead, I'd like to focus today on the latest round of primary election results, specifically from New York, Maryland, and Colorado. Because some big news was made within the Democratic Party last night.

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Friday Talking Points [489] -- Ranting About Trump's Cruelty

[ Posted Friday, June 22nd, 2018 – 18:20 UTC ]

For a change, we're not going to have much to say in this introduction. The reason is that the talking points section is taken up by a lengthy rant this week, because it seemed timely to offer one up. It is a rare week of the Trump presidency where there is really only one overriding issue in the political world to comment on, but this was indeed that kind of week.

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Trump Blinks

[ Posted Wednesday, June 20th, 2018 – 17:42 UTC ]

Today, Donald Trump signed an executive order to end his own policy of forcing the separation of children from families seeking asylum in America, because his initial position had become so untenable (indeed, downright unbelievable) that his political allies were fleeing like rats from a sinking ship. By this afternoon, there were plenty of other metaphors flying fast and thick: Trump blinked; he waved the white flag; he surrendered; he caved; he backed down; he threw in the towel; he bent to reality. Whichever you choose, the underlying reality is the same: President Donald Trump, in a rare occurrence, was forced today to take an action that proves both he and his aides have been flat-out lying to the American public for days on end. There's just no other way to look at it, and in fact it may be unprecedented for Trump. He's been telling anyone who would listen that he alone could not do anything, and that his hands were tied -- Congress would need to act. Now he has proved himself wrong on that front. He acted, which means he could have done so at any point if he truly had cared about the issue at all. What forced him to act was the overwhelmingly negative and relentless coverage he was receiving in the media, and the flight of his allies in the Republican Party. Today, this all became too much for Trump, so he did what he could have done all along, thus putting the lie to his voluminous statements to the contrary.

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Friday Talking Points [488] -- Suffer The Little Children

[ Posted Friday, June 15th, 2018 – 18:20 UTC ]

Fox News unwittingly (how else?) spoke a deep truth this week. Or perhaps a deep fantasy -- it's tough to tell, coming from Fox anchors. As President Trump descended the stairs from Air Force One in Singapore, Fox And Friends gushed: "This is history. Regardless of what happens in that meeting between the two dictators, what we are seeing right now -- this is history." Um... how many dictators was that, again? The host later tried to walk back her unintentional gaffe, but is it really all that far off the mark?

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Blame Canada!

[ Posted Monday, June 11th, 2018 – 16:29 UTC ]

Donald Trump has apparently decided to take the advice of that impressive fount of political wisdom, South Park. It's hard to come to any other conclusion, really, when you recall that one of the songs from their first big movie (a song nominated for an Academy Award, no less) was titled: "Blame Canada." President Trump was obviously inspired by the lyrics: "With all their beady little eyes / And flapping heads so full of lies," when he began his tweetstorm against Justin Trudeau after Trump left the G-7 meeting early.

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