Just more lies. Sad!
Category: Economy
How large businesses are spending the tax savings
As expected, most of them are using the money to reward shareholders. Just 6% was going towards wages that were not one-time bonuses.
Sad!
Trump lies about Amazon
I think Trump is mad at Amazon because its founder, Jeff Bezos, personally owns the Washington Post which has the nerve to report the truth about Trump.
I thought Republicans didn’t want government interference so I am always surprised when Trump attacks specific businesses. This is just Trump being vindictive. Sad!
update:
US water crisis
Flint, Michigan isn’t the only place in America with water issues. This article describes the crisis resulting from the high cost of water. Sad!
Public opinion on the deficit
Both parties are less concerned about the deficit than they were in 2011. The shift is much bigger among Republicans. Of course, when Democrats are in charge, Republicans will say the deficit is important. Sad!
Trump’s tariffs on China won’t work
This column explains why.
Let’s not make a deal
Will foreign countries make deals and treaties with the US after Trump? He has pulled the US out of the Paris Climate accord and the Trans-Pacific Partnership (TPP). He wants to invalidate the Iranian nuclear agreement and redo Nafta.
Why would anyone make a deal with the US now when the next president can just abandon it? Trump’s behavior will have bad repercussions for all future presidents. Sad!
Trade and Tariffs
Paul Krugman answered questions from New York Times readers on trade and tariffs here.
Cover up for a lie with another lie
Trump was wrong when he said the US has a trade deficit with Canada. I guess he thinks repeating it will make it true. Sad!
Didn’t we learn from the recession?
Republicans, with the assistance of 16 Democratic senators, voted to roll back part of the banking restrictions put in place after the 2008 recession.
I recommend the film The Big Short for anyone who would like an entertaining and accessible way to understand the issues in the 2008 financial crisis.
Here’s the incredible amount of money banks have been fined since the financial crisis. It’s $243 billion! To be fair, the new looser rules do not affect the biggest banks, which were the ones listed here in the fine totals. Still, we need to learn from the last crisis to avoid the next one. Sad!
Sad! 