Trump Timeline ... Trumpocalypse

[Michael Scally MD]

 

[Big_paul]

· The GOP tax cut now working its way through Congress will be the start of a decades-long economic policy disaster unlike any other that has occurred in American history.
· The GOP's insanity is compounded by its moving ahead without having any idea of what this policy will actually do to the economy.

There's no economic justification whatsoever for a tax cut at this time. U.S. GDP is growing, unemployment is close to 4 percent (below what is commonly considered "full employment"), corporate profits are at record levels and stock markets are soaring. It makes no sense to add any federal government-induced stimulus to all this private sector-caused economic activity, let alone a tax cut as big as this one.

This is actually the ideal time for Washington to be doing the opposite. But by damning the economic torpedoes and moving full-speed ahead, House and Senate Republicans and the Trump White House are setting up the U.S. for the modern-day analog of the inflation-producing guns-and-butter economic policy of the Vietnam era. The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches brew of gimmicks and outright lies) that, unless all the rules have changed, is virtually certain to result in inflation and much higher interest rates than would otherwise occur.

The GOP's insanity is compounded by its moving ahead without having any idea of what this policy will actually do to the economy. The debates in the Ways and Means and Senate Finance Committees and on the House floor all took place before the Congressional Budget Office's analysis and, if it really exists, the constantly-promised-but-never-seen report from the Treasury on the economics of this tax bill.

Meanwhile, Congress has ignored other estimates like this one from the University of Pennsylvania's Wharton School showing that the tax bill won't do what the GOP is promising.

In other words, the GOP tax bill may be enacted without anyone who votes for it having any understanding of the damage it could do to the economy. They have wishes, hopes and prayers but in reality nothing beyond the economic equivalent of pagan superstition.

The rich don't need more tax cuts. Trickle down economics has never worked. They will just get richer and the poor will get poorer.

 

[CdnGuy]

Judge permanently blocks Trump order that cut funding to sanctuary cities

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

 

[Michael Scally MD]

Happy Now ... Kleptocracy ...
TrumpFuckTwits ... TrumpFuckingTards, TrumpFuckingIdiots, TrumPsychopath



The Federal Communications Commission announced on Tuesday that it planned to dismantle landmark regulations that ensure equal access to the internet, clearing the way for companies to charge more and block access to some websites.

The proposal, put forward by the F.C.C. chairman, Ajit Pai, is a sweeping repeal of rules put in place by the Obama administration that prohibited high-speed internet service providers from blocking or slowing down the delivery websites, or charging extra fees for the best quality of streaming and other internet services for their subscribers.

The clear winners from the move would be telecom giants like AT&T and Comcast that have lobbied for years against regulations of broadband and will now have more control over the online experiences of American consumers. The losers could be internet sites that will have to answer telecom firms to get their content in front of consumers. And consumers may see their bills increase for the best quality of internet service.

“Under my proposal, the federal government will stop micromanaging the internet,” Mr. Pai said in a statement. “Instead, the F.C.C. would simply require internet service providers to be transparent about their practices so that consumers can buy the service plan that’s best for them and entrepreneurs and other small businesses can have the technical information they need to innovate.”

The plan to repeal the 2015 net neutrality rules also reverses a hallmark decision by the agency to declare broadband as a service as essential as phones and electricity, a move that created the legal foundation for the net neutrality rules and underscored the importance of high-speed internet service to the nation.

 

[Michael Scally MD]

 

[Michael Scally MD]