Was it really necessary for Republicans to do more to increase income inequality with their tax cuts?
This column states that “Inequality around the world has reached an irreversible tipping point.” Sad!
Category: Economy
Wells Fargo will pay $1 billion to federal regulators
Congratulations to the Trump administration for finally doing something to benefit consumers instead of businesses. The $1 billion fine shows that banks need to be regulated while Republicans want to relax the rules. Sad!
Focus on issues, not Stormy Daniels
This excellent column points out that the attention the media has given to Daniels, Cohen and Comey makes it harder to focus on issues such as the economy.
The column states:
“The intense media attention on Trump’s personal deficiencies might not actually move many more voters than they already have, and the economic message pushed by Democrats—one that’s rooted, in part, in the tax bill—is having a hard time breaking through.”
Sad!
Farmers are concerned about tariffs
I don’t feel sorry for anyone who voted for Trump who is hurt by his policies. He’s doing what he said he would do during the campaign. Trump voters have forced all of us to put up with an incompetent, lying bigot.
This is an excellent article in the New York Times. The writer got out of New York and spoke with Midwestern farmers about their concerns and the potential impact on future elections.
Tax cuts benefit shareholders much more than workers
This article explains where corporations have used the savings from the tax cuts. Shareholders are the people company executives report to, not the employees. Therefore, they are going to give the benefits to the shareholders.
Sad!
Update: Tax cut riches have gone to execs and investors over workers by nearly 3-to-1 margin
Blame private equity, not just Amazon for the decline of retail stores
This excellent column highlights the role of private equity firms who have leveraged immense debt. The decline of retail stores is not just attributable to Amazon and Walmart.
Trump likes to blame Amazon because its founder, Jeff Bezos owns the truth which has the nerve to report accurately about Trump.
Sad!
Dow returns after the first 444 days of an presidential administration
Here are the numbers from Bloomberg:
- FDR : 70.4%
- Reagan: 41.4%
- Teddy Roosevelt: 37.4%
- Obama: 32.5%
- Bill Clinton: 32.2%
- George H.W. Bush: 21.4%
- Trump: 20.7%
Trump is seventh since 1900 and hasn’t bragged about the market lately. For better or worse, it’s his market now.
Stocks were not a big part of his wealth and he apparently divested himself of them so I don’t think he really cares what happens. He primarily cares about himself.
Sad!
Significant wage gains from the tax cut have not materialized yet
The Trump administration is anti-consumer
They care more about businesses than individual consumers.
Sad! 