Economy

FOX News Anchor Admits Trump Tax (Tariffs) Will Raise Prices and Inflation for U.S. Consumers

Posted by on November 29, 2024 at 2:39 pm. 1 Comments :

The forthcoming occupation of the White House by convicted felon and adjudicated rapist Donald Trump is shaping up to be as disastrous as his harshest critics predicted. The people that he is nominating to staff his Cabinet and other high level positions appear to have been selected based primarily on their unwavering adoration of Trump.

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Donald Trump, Fox News, Hate Again

Aside from their blind loyalty, Trump’s White House supplicants share two other notable qualifications: 1) They have no knowledge or experience for the jobs that they are being tasked to perform, and 2) They have prepared for these positions by being employees or regular contributors at Fox News…

SEE THIS: Trump is Stacking His Cabinet with Fox News Trump-Fluffers

Despite this uniformity of thought, there have been moments when the Trump-fluffing Fox News shills strayed from their obedient concurrence with anything and everything that Trump does and says. One of those moments occurred Thursday when Fox News anchor Julie Banderas interviewed Gene Marks, the CEO of a business consulting firm, about whether Trump’s tariffs would raise prices for American consumers. This led to his reply and her surprisingly candid response…

Marks: It could. It just depends on how the businesses decide to absorb those price increases. Maybe they invest in technology or they reduce overhead.
Banderas: I think if American companies are forced to buy American, it is going to cost more ultimately. And then who’s going to pay for that? We are. I mean, we are going to be buying the merchandise that they are going to have to raise the costs on because they’re not going to be buying from foreign countries. So ultimately, it does come down to the taxpayer dollar.

https://twitter.com/MikeSington/status/1862234766872920369

Exactly! This is a rather simple concept that scores of economics experts have warned about ever since Trump’s threat to impose 25% tariffs on Mexico and Canada, and an additional 10% on China. But somehow, Trump’s cult followers don’t appear to be able to comprehend it.

However, now at least one member of Trump’s Ministry of Propaganda (aka Fox News) has weighed in on the side of the economists. Perhaps she just couldn’t justify the flagrant lying that was required to keep up the pretense that the cost of tariffs wouldn’t be passed along to consumers. Or perhaps she didn’t want to end up out the limb that CNN’s Scott Jennings recently crawled out on, where he escalated Trump’s trade war into an actual shooting war…

MORE HERE: CNN’s Republican Shill Says Tariffs Are Not Enough, Proposes Starting a Drug War with Mexico

The facts, however, are undeniable. A recent study by the National Retail Federation found that “Consumers could lose $46 billion to $78 billion in spending power each year if the new tariffs are implemented.” They would likely exacerbate inflation and could even lead to a recession.

Not that Trump cares about any of that. His own personal wealth, and that of the other wealthy people that he has drawn around him to run his administration, insures that they will not be harmed by the ill effects of his reckless policies. The pain will be felt by the rubes that he persuaded – with the help of Fox News – to vote for him. It will be interesting to see if any of those voters hold him accountable for the financial distress they are likely to suffer.

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Trump AG Prospect Savors ‘Glorious’ Plans to ‘Put Kids in Cages’ and Migrants ‘In the DC Gulag’

Posted by on November 8, 2024 at 2:38 pm. 4 Comments :

The warnings about the existential dangers of another occupation of the White House by Donald Trump were abundant and horrifying. They came from Democrats, Republicans, and a broad assembly of non-partisan government experts, academics, historians, and veterans of public service. Notably, many of Trump’s closest associates were among the most fervent in their forecasts of doom and gloom.

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Donald Trump, Immigrant, Child

Trump’s most passionate detractors included his White House Chief of Staff, Gen. John Kelly, his Secretary of Defense, Gen. Jim Mattis, his Secretary of State, Rex Tillerson, and dozens of his Cabinet staffers who refused to support his candidacy. Unfortunately, there were just barely enough deluded and gullible MAGA cult disciples who didn’t care that Trump is a convicted felon, an adjudicated rapist, and an unabashed fascist, because they thought their eggs were too expensive.

SEE THIS: What Is America? Who Votes For This?

Only a few days have have passed since the election, but Trump’s allies. and potential officials in his next administration, are already earning their totalitarian stripes. Case in point, Mike Davis has been identified as a possible Attorney General in the coming Trump regime. He appeared on the podcast of Russian “useful idiot” Benny Johnson where he discussed a variety of issues central to Trump’s Project 2025 agenda. And it didn’t take long for him to unleash some of the repulsive rhetoric that characterized the Trump campaign.

For instance, Davis declared that “We’re gonna indict. We’re gonna indict Hunter Biden and Joe Biden and James Biden. And every other scumball and sleazeball Biden.” Note that he’s already using the inclusive “we” to describe what is being plotted post-inauguration. Davis also promised that “Every January 6th defendant is gonna get a pardon.” Which is an indication of how the Trump administration will adhere to the principles of law and order.

Meanwhile, Davis threatened New York Attorney General, Letitia James – an honest and reputable prosecutor – saying “I dare you to try to continue your lawfare against president Trump in his second term, because… Listen here, sweetheart, we’re not messing around this time. And we will put your fat ass in prison.” Davis has learned well from Trump to couch his threats in condescension, profanity, and misogyny.

However, perhaps the most despicable commentary by Davis on Russkie Benny’s program came up during a discussion of immigration. Davis unleashed a furious rant targeting both undocumented and naturalized immigrants. He raged that…

“We’re going to deport a lot of people, 10 million people and growing. Anchor babies, their parents, their grandparents. We’re gonna put kids in cages. It’s gonna be glorious. We’re gonna detain a lot of people in the D.C. gulag and Gitmo.”

HOLY CR&P! The veil is off the turd. Davis is asserting that millions of migrants will be rounded up and incarcerated in “gulags.” and it doesn’t even matter if they are citizens or not. Grandparents, children, everyone will be “put in cages” for an undetermined amount of time before they are banished to some undetermined countries. And in his grotesque view it will be “glorious.” What he is proposing is a flagrant abuse of human rights and an abomination of decency.

For the record, his plan – which is Trump’s plan – is both illegal and inhumane. But it is also bad for the U.S. economy, and will result in extraordinary harm and suffering of the American people. A report by the American Immigration Council studied Trump’s proposals and came to the following conclusions…

  • “Deporting one million immigrants per year would incur an annual cost of $88 billion, with the majority of that cost going towards building detention camps. It would take over ten years, and the building of hundreds to thousands of new detention facilities, to arrest, detain, process, and remove all 13.3 million targeted immigrants…The total cost over 10.6 years (assuming an annual inflation rate of 2.5 percent) would be $967.9 billion.”
  • “The U.S. would lose out on key contributions undocumented households make to social safety net programs annually, including $22.6 billion to Social Security and $5.7 billion to Medicare. [And] Overall, mass deportation would lead to a loss of 4.2 percent to 6.8 percent of annual U.S. GDP, or $1.1 trillion to $1.7 trillion”
  • “Deporting undocumented immigrants would separate 4 million mixed-status families, affecting 8.5 million U.S. citizens with undocumented family members.’

In short, it would cost over a trillion dollars to implement, lose billions in revenue for the general budget, as well as Social Security and Medicare, depress the nation’s gross domestic product, and cruelly separate families, including those of legal residents and citizens.

For his part, Trump remains as ignorant as ever of the harm his proposals would impose. When asked about the cost of his plan, Trump was unable to provide a coherent answer, saying only that “There is no price tag.” Well, that’s comforting, isn’t it?

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Trump Calls All Rich Kamala Harris Supporters ‘STUPID’ in a Weird Appeal to Affluent Voters

Posted by on September 15, 2024 at 2:20 pm. 0 Comments :

The base of support for Donald Trump has been a pretty steady third of the electorate since his transition from a reality TV game show host to a grifting politician and convicted felon. It’s a sad state of affairs that that many Americans could fall for the obvious demagogic sham that he presents, But there has always been a wingnut contingent swirling around in the far right fringes.

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Trump Baby on Cash Pile

Trump unexpectedly managed to squeak out a narrow victory in 2016 with the help of the perverse and undemocratic Electoral College. He hasn’t been able to repeat that feat ever since. And in each of his races he has lost the popular vote by millions of voters. Part of the reason that Trump has failed to expand his base is that he hasn’t even bothered to try. To the contrary, he descends ever deeper into the muck and makes bizarre statements that certify his mental defects.

SEE THIS: TRUMP IS TOAST: The Washington Post’s Laundry List of Trump’s Increasingly Bizarre Claims

On Sunday morning Trump reached out to the faction of his base to which he is most devoted: The Wealthy! They form the core of his confederacy and the foundation of the GOP (Greedy One Percent). His message to them was posted to his failing social media scam, Truth Social, saying that…

“All rich, job creating people, that support Comrade Kamala Harris, you are STUPID. She is seeking an UNREALIZED TAX ON CAPITAL GAINS. If this tax actually gets enacted, it guarantees that we will have a 1929 style Depression. Perhaps even the thought of it would lead to calamity – But at least appraisers and accountants would do well!”

That’s a decidedly weird way to attract high income voters. But make no mistake, this is Trump’s method of appealing to – or threatening – America’s aspiring oligarchs in order to shift them into his corner. He thinks that by insulting them he can persuade them to abandon Kamala Harris and back him and his agenda that favors corporations and the rich.

To that end, Trump cited Harris’ proposal to shape a more equitable tax code. Of course, Trump’s description is typically ignorant and illiterate. It is not an “unrealized tax” on capital gains. That doesn’t even make sense. She is proposing a tax on unrealized capital gains. And it is a prudent reform that requires wealthy investors to pay their fair share of taxes.

However, Trump would let the rich slide, just as he has done on other taxation matters, lowering the rates for the wealthy, at the expense of everyone else, and exploding the national debt in the process.

What’s more, it wouldn’t be a Trump threat if it didn’t include a frantic warning about an imminent “1929 style Depression,” or some other pending catastrophe that exists only in his warped imagination. He has been using his predictions of a Depression for years to frighten his cult followers and stir fears of a societal collapse at the hands of Democrats. Never mind that the economy historically performs better when Democrats are in charge.

If Trump thinks that he’s going to win back the support of well off Americans by calling them “stupid,” then he is…well, stupid. He’s only helping them to affirm that their decision to support Harris was the correct one. And his insults and childish tantrums are likely to disgust and alienate other fat cats, who may already be on edge fearing the immigrants that Trump has said are hankering to eat them.

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HOLY CR&P: Trump’s Rambling, Incoherent Plan to Make Child Care Affordable is Utterly Deranged

Posted by on September 5, 2024 at 2:04 pm. 1 Comments :

A few short weeks ago, the media was obsessed with questions about age and mental acuity in the realm of politics. That was before President Biden stepped aside and passed the torch to Vice-President Kamala Harris, who has taken the nation by storm. Prior to that, the press was consumed with anxieties over the fitness of an aspiring candidate’s competence to fulfill the responsibilities of the job.

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Donald Trump, Immigrant, Child

However, something significant seems to have changed now that Donald Trump is the only 80ish candidate in the race who is showing clear signs of cognitive decline. For some reason the press only regarded that as a problem when Biden was running. Now they are content to ignore the obvious inability of Trump to maintain a stable relationship with reality.

SEE THIS: TRUMP IS TOAST: The Washington Post’s Laundry List of Trump’s Increasingly Bizarre Claims

On Thursday Trump gave a speech before the Economic Club of New York. The substance of his remarks was identical to his cult rallies that are filled with flagrant lies, infantile insults, and slobbering and undeserved exaltations of himself. Perhaps the only difference with this address is that Trump appeared to be nearly catatonic as he slurred his way through his robo-talking points.

At one point Trump was asked a question that ought to have been an easy one for someone so practiced in weaving and dodging to avoid revealing his ignorance. But Trump’s reply was spectacularly incomprehensible. What follows is the entire transcript. And I dare anyone to make any sense of it. The question was: “If you win in November, can you commit to prioritizing legislation to make child care affordable? And if so, What specific piece of legislation will you advance?” And Trump replied (good luck getting through it)…

“Well, I would do that and we’re sitting down, you know, I was, somebody, we had Sen. Marco Rubio and my daughter, Ivanka was so impactful on that issue. It’s a very important issue. But I think when you talk about the kind of numbers that I’m talking about that, because the child care is child care. It’s something, you have to have it in this country. You have to have it. But when you talk about those numbers compared to the kind of numbers that I’m talking about, by taxing foreign nations at levels that they’re not use to, but they’ll get use to it very quickly.

“And it’s not gonna stop them from doing business with us. But they’ll have a very substantial tax when they send product into our country. Those numbers are so much bigger than any numbers we’re talking about, including child care. We’re gonna have, I look forward to having no deficits within a very short period of time. Coupled with the reductions that I told you about on waste and fraud and all of the other things that are going on in our country, because I have to stay with child care. I want to stay with child care.

“But those numbers are small relative to the kind of economic numbers I’m talking about, including growth. Growth also headed up by what the plan is I just, that I just told you about. We’re gonna be taking in trillions of dollars, and as much as child care is talked about as being expensive, it’s relatively speaking not very expensive compared to the kind of numbers we’ll be taking in.

“We’re gonna make this into an incredible country that can afford to take care of its people, and then we’ll worry about the rest of the world. Let’s help other people, but we’re gonna take care of our country first. This isn’t about America first. It’s about make America great again. And we have to do it because right now we’re a failing nation. So we’ll take care of it. Thank you.”

Well, that clears that up, doesn’t it? Now we know whether Trump will “commit to prioritizing legislation to make child care affordable? And if so, What specific piece of legislation [he will] advance.” We can add this to what his running mate, JD Vance, has said about “childless cat ladies” and other anti-Americans who refuse, or are unable, to procreate for the Fatherland. And we can expect the media to inform the public about this detailed policy statement, on such an important matter, by the GOP candidate for president. Right? RIGHT???

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BONKERS TRUMP Calls Fox News to Whine and Lie Following the Kamala Harris Convention Speech

Posted by on August 23, 2024 at 1:05 pm. 2 Comments :

The Democratic National Convention of 2024 has wrapped and it is destined to reside in history for a multitude of reasons. Not the least of which is that it certified the nomination of Kamala Harris, who is likely to become the first woman President of the United States. The four day celebration was well received by a nation that is ready to move forward.

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Trump in Bed, Eating, Sad

The convention was an affair that presented the stark differences between Harris – an experienced, qualified candidate, with integrity and passion, who resonates joy and the pride of patriotism, and Donald Trump – a convicted felon and adjudicated rapist who is consumed by hatred, vengeance, and a dark vision of America. And the lower Trump sinks in the polls, the darker his vision becomes.

SEE THIS: TRUMP IS TOAST: The Washington Post’s Laundry List of Trump’s Increasingly Bizarre Claims

The final day of the convention featured Harris’ nomination acceptance speech (here it is in full). It was a critical moment for her campaign, and she rose to the occasion. She provided a heartwarming biography, a resume of experience and achievements, the case against Trump, and inspiration for the path forward. All in a succinctly written and sincerely delivered package.

Meanwhile, Trump was seething in his jammies at his Mar-a-Lago bunker and live-trolling the speech on his floundering social media scam, Truth Social, for the tiny and shrinking audience of cult disciples who actually use the website. Here is a representative sampling of his keen commentary…

At the conclusion of Harris’ speech, Fox News dispensed with reporting on anything newsworthy that might have occurred. Instead, hosts Bret Baier and Martha MacCallum immediately turned to a special guest for some “insightful” analysis. That guest was – you guessed it – Donald Trump. He was phoning in to the network from his Palm Beach hotel/home for a knee-jerk repudiation of whatever Harris had to say. And it was ten minutes of spittle-inflected lunacy and unbridled fear (video below). What follows are some choice excerpts. He began by asking a typically ridiculous question…

“Why didn’t she do the things that she’s complaining about? All of these things that she talked about? ‘We are gonna to do this. We’re gonna do that. We’re gonna do everything.’ But she didn’t do any of it. She could have done it three and a half years ago.”

So Trump thinks that Harris, as Vice-President, ought to have accomplished everything that she is currently advocating. He can’t comprehend that she might have new proposals or that prior initiatives were incomplete due to obstruction from Republicans. He also doesn’t realize that the same question could be asked of him. He had four years to do everything he’s talking about now, but failed to do. And he was actually the president. Also, Trump is intent on framing Harris as “complaining.” Which he’s likely upset about because that’s his thing. How dare she?

“It was a lot of complaining. […] She didn’t talk about how 70% of our people are living in property (sic: he presumably meant poverty). […] She didn’t talk about child trafficking that she allowed to happen because she was the border czar.”

Perhaps the reason that Harris didn’t talk about the “70% of our people are living in poverty,” is that that is a preposterous falsehood. The poverty rate is currently less than 12%. Also, Trump must have fallen asleep when Harris actually did talk about child trafficking. And she was never the “border czar.” That’s a tired right-wing fallacy.

In this part of his rant Trump also lied that Harris didn’t talk about several other issues (Russia, China, Ukraine, economy, housing, etc.), all of which she talked about. He also claimed that she didn’t talk about interest rates that he said “are getting now close to record rates.” Interest rates are currently about 5.5%. The record is about 20%.

MacCallum then asked about Harris’ proposed middle-class tax cuts and Trump’s plans that will cost Americans $3,900.00 more per year. And she incorrectly states that that number came from Trump’s Project 2025. To which Trump replied…

“Well she knows I have nothing to do with Project 25 (sic). They throw out – a group of people got together – they did this thing, I haven’t even seen it, I don’t want to see it, I told them specifically, I don’t want to see it.”

First of all, the amount of the Trump taxes didn’t come from Project 2025. They came from Trump’s proposal to put tariffs on virtually every imported product. And as for his ignorance of Project 2025, the facts are that its principals are largely Trump associates who have worked in his White House and campaigns. Which doesn’t necessarily mean that he isn’t ignorant anyway, knowing Trump.

Baier then asked Trump about his efforts to kill the bipartisan Senate immigration bill, and whether he was ready to debate Kamala Harris on that. He went immediately to a narrower reply about debating, saying that he was “willing to debate on September 4th on Fox.” Which was never agreed to by Harris.

MORE HERE: Crybaby Trump Runs Whining to Sean Hannity When Kamala Harris Passes on Biased Fox News Debate

After rambling incoherently about that, Baier reminded Trump about the immigration question.

“On the immigration it’s very simple. The bill was horrible. It would have allowed millions of people to pour into our country. Would have been horrible. It was a horrible bill.”

That’s about as detailed as Trump can get on anything. He has no knowledge of any issue. What’s more, it is flagrantly false. The immigration bill’s primary author was conservative Republican Sen. James Lankford. And it included most of the GOP’s long sought border initiatives.

MacCallum asked Trump about polls showing the “huge appeal and momentum” that Harris has had, and her success with women, Hispanics, Blacks, and youth. Which drove Trump into a delusional tizzy…

“No, she’s not having success. I’m having success. I’m doing great with the Hispanic voters. I’m doing great with Black men. I’m doing great with women because women want safety. They want safety. And they don’t have safety when they have somebody allowing 20 million people into our country. Many of them very dangerous people.

“No, it’s only in your eyes that they have that, Martha. We’re doing very well in the polls. We’re leading in most of the polls. And in the swing states we’re leading in almost every one of them.”

Wow! Trump’s malignant narcissism is really peaking. He is clinging desperately to fantasies that everyone adores him. And if he actually believes what he’s saying about leading in the polls, he is truly a candidate for involuntary institutionalization. In the RealClear Politics poll of polls, Harris is leading in 7 out 10 of the ten most recent surveys. And two of those where Trump is ahead are by the disreputable Rasmussen.

Look for Trump to get even more deranged as his electoral prospects continue to decline. And watch for that to be aired as it happens on Fox News. In recent weeks he has gone from calling Harris “Laffin’ Kamala,” to “Comrade Kamala.” in this phone-in to Fox News he raged “Look, she’s a Marxist. She always was. She always will be.” It won’t be long now before he accuses her of being Lizard Person who is controlled by Hannibal Lector.

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Halfwit Hannity Helps Kamala Harris to Expose the ‘Trump Taxes’ that Will ‘Devastate Americans’

Posted by on August 17, 2024 at 12:27 pm. 2 Comments :

Donald Trump and his MAGA Republican Party has been struggling desperately to find an effective response to the newly invigorated Democratic campaign for president, led by Vice-President Kamala Harris and Gov. Tim Walz. Much of their efforts are still stuck in attacking President Biden and/or trying to shift those attacks unedited to Harris.

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Fox News, Sean Hannity

That’s a strategy that so far has only succeeded in giving Jon Stewart more material to mock Trump with. And apparently, being the butt of jokes hasn’t deterred the Trumpists from flailing wildly in hopes of landing a blow on the far more intelligent and nimble Harris campaign. To the contrary, they just continue to double down on their dopey diatribes that inevitably hurt themselves more than their opponents.

SEE THIS: Trump Makes a Pitifully Impotent Attempt to Drive a Wedge Between Kamala Harris and Joe Biden

On Friday night Fox News Senior Trump-Fluffer, Sean Hannity, made his latest contribution to the cornucopia of crackpottery. In a segment that was the umpteenth repeat of their tiresome storyline that casts every Democrat as a screaming commie, Hannity may have inadvertently aided and abetted his dreaded foe. He began by furiously maligning Harris as a liar and a fraud…

“This is the most dishonest, deceptive campaign in our country’s history. It’s like con artist Kamala. The biggest bait and switch operation of fraud ever perpetrated on all of you hard-working, taxpaying Americans. And right on cue, today’s speech was full of lots of lies about Donald Trump. Take a look.”

Whereupon, Hannity then played a video clip from Harris’ recent speech in North Carolina. However, the clip Hannity aired was one where Harris took apart Trump’s ill-conceived initiative to slap tariffs on every product that is imported into the United States. She correctly noted that…

[Harris video]: He wants to impose what is, in effect, a national sales tax on everyday products and basic necessities that we import from other countries. That will devastate Americans. A Trump tax on gas. A Trump tax on food. A Trump tax on clothing. A Trump tax on over-the-counter medication. He tried to cut Medicare every year he was president, threatening a program tens of millions of seniors count on. And according to his Project 2025 agenda, he intends to undo our work to bring down prescription drugs, the cost of prescription drugs, and insulin costs.”

Everything that Harris said was true, as affirmed by the non-partisan Tax Policy Center. So naturally Hannity declared, without bothering to back it up, that “None of it is true. Just the opposite. She’s lying.” He went on to refute her remarks about Trump’s Project 2025, saying that “Trump has nothing to do with Project 2025 as she keeps claiming. Clearly he knows nothing about it.”

Hannity is right in one respect. Trump indeed knows nothing about almost everything. However, one of the few exceptions is Project 2025, whose principals are largely Trump associates who have worked in his White House and campaigns. If he is telling the truth about not knowing anyone at Project 2025, then he is suffering a severe cognitive deficiency and should be institutionalized for his own safety. Hannity could share a room with him. And the two of them could spend their days watching Harris’ speech wherein she does what Trump has never been able to do: Deliver a detailed plan to advance the economic well being of every American…

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UH-OH! Trump Meltdown Reveals Kamala Harris Plot to ‘Destroy’ the ‘County’ of America

Posted by on August 8, 2024 at 3:13 pm. 1 Comments :

One thing for which Donald Trump can always be relied on, is his unwavering commitment to disseminating the most ludicrous hyperbole about any subject that comes up. Whatever or whoever he’s talking about is the most, worst, biggest, dumbest, craziest whatever or whoever in history on a level that nobody has ever seen before. No really!

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Donald Trump, Insane, Straight Jacket

A recent example of this gloom-casting is Trump’s reaction to a stock market decline this week that he said was just the beginning of a worldwide economic catastrophe that would lead to a Great Depression even worse than the one in 1929. At least that was his hope as he tried to create a panic in order to produce the very catastrophe that he was predicting.

SEE THIS: Trump is Trying to Provoke Panic Over a Common Stock Market Drop to Save His Failing Campaign

Of course Trump’s predictions were as successful as his bankrupt casinos. Three days after the market decline, the market has recovered more than it had lost and is now higher than it was before Trump’s fear mongering. And you might think that that humiliating failure would temper his confidence in making any more predictions. If so, you don’t know Trump. Because on Thursday he posted the following alarming warning on his floundering social media scam, Truth Social…

“If [Kamala Harris] is Elected, our County, and indeed the World, will suffer a 1929 Style Great Depression. It will be the Worst in history and AMERICA WILL BE DESTROYED!”

OH NOES! Trump has assessed the wobbly condition of the nation’s economy and concluded that the “County” of America is doomed to fail if Kamala Harris triumphs in November. And it won’t merely be bad, but it will be “the Worst in history” and that “AMERICA WILL BE DESTROYED!”

Never mind that Trump has made the very same portentous prophecies before every election for many years. He said that Barack Obama, Hillary Clinton, and Joe Biden, would all drive the nation into everlasting ruin. And now he’s really pouring it on with Harris. In a press conference from his Mar-a-Lago bunker he said that…

“If [Kamala Harris] becomes president our country is going to be a giant fail. It’s gonna fail. It’s gonna be a failure the likes of which this world has never seen.”

Trump also ignores the reality that Biden and Harris have presided over one of the most economically successful administrations in decades. Millions of jobs were created. Profits are at record highs. Wages have increased faster than inflation. Manufacturers returned from foreign shores. Infrastructure improvements have been funded. And leading edge industries in technology and climate crisis mitigation have been supported.

In the meantime, Trump has been off the campaign trail. As Harris and her new VP running mate, Gov. Tim Walz, travel the country exciting voters, Trump remains holed up at Mar-a-Lago where he does call-ins to Fox News and now a babbling press conference that highlights his incoherence. Among the absurdities he spewed were that on January 6, 2021, there was a peaceful transfer of power, and that his base of supporters is 75% of the country.

The media made the mistake – again – of airing Trump’s press conference live. They should have learned by now that he is only exploiting these opportunities to spread lies. It’s an extended campaign infomercial that he gets for free. Although in his case, it’s also a live televised meltdown of a severely disturbed mental patient. At least MSNBC did a decent, if only partial, fact check afterward.

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Trump is Trying to Provoke Panic Over a Common Stock Market Drop to Save His Failing Campaign

Posted by on August 5, 2024 at 11:48 am. 0 Comments :

President Biden is going to go down in history as patriot who always put his country before his own personal interests. That display of character was recently demonstrated again when he stepped aside and endorsed his Vice-President, Kamala Harris, to succeed him as the Democratic candidate for president.

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Donald Trump, Stock Market

For contrast, Donald Trump has always put himself before country and every other concern that wasn’t directly associated with his selfish aspirations for money or power or self-aggrandizement. Not to mention his compulsion to avoid going to prison. His malignant narcissism is so severe that he has openly expressed an explicit desire for catastrophes that would harm millions of Americans if it helped him in some way.

SEE THIS: Trump’s Cult Cheers His Hope that Americans Suffer a ‘Great Depression’ While Biden is President

On Monday morning Trump sought to exploit a decline in the stock market for his personal, political benefit. He posted a comment on his floundering social media scam, Truth Social, whose purpose could only be interpreted as a deliberate attempt to stoke needless panic and turn a small market dip into major disaster. He wrote that…

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!”

This is just plain weird, as well as flagrantly untrue. First of all, if Trump wants to blame Harris for the wealth and prosperity of San Francisco and California, she probably won’t mind. Secondly, if the performance of the stock market is a reflection of the Biden/Harris administration, then it’s pretty good reason to vote for Harris and every other Democrat on the ballot. Thirdly, Trump is crawling out onto a pretty weak limb with his fear mongering about a “GREAT DEPRESSION.”

For the record, there was a real stock market crash in late 2008 during the GW Bush term that took the markets down 37%. The S&P index is down only about 2% today, and only 6% from its all time high. That’s a minor and expected correction from the 17% rise in the past year, and the 36% gain since Biden and Harris took office. What’s more, markets worldwide are also down about 2%. Does Trump think that Biden and Harris are also the leaders of every other country on the planet?

Financial experts know that markets are not driven by presidential politics. The gains and losses are due to the performance of the companies that comprise the indexes and the broader state of the economy. Which in this case is firing on all cylinders. Profits are at record highs. More jobs have been created than at any time in modern history. Manufacturing has returned to the U.S. from foreign shores. Wages are rising faster than inflation.

For a look at what bad management does to a company on the stock exchange, take a look at Trump Media and Technology Group (TMTG: ticker DJT) that is the parent corporation of Truth Social. While the broader markets are down about 2% today, DJT is down 8%. Furthermore, it is down a whopping 34% since it went public just four moths ago.

MORE HERE: Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat

Trump’s fear mongering is not just purposefully dishonest, it’s downright dangerous. He is trying to create a worse outcome by driving people to panic. He actually wants America to fail, and for people to get hurt, in order to prop himself up politically. And his cronies in Congress are playing along.

Trump seems to know that the only way he can win is for the American people to suffer. So he’s doing everything he can to produce that result. And anyone who is considering voting for him better reconsider. He’s not on your side. He’s only for himself. And he has no solutions to any of the problems that real people are facing. He has only whining, lying and fear mongering.

UPDATE I: The day following the “massive market downturn” that Trump said was leading to a “GREAT DEPRESSION,” the market gained back more than half of the prior day’s decline.
UPDATE II: Three days after Trump’s “GREAT DEPRESSION,” prediction, the market has recovered more than its losses. It is now higher than it was on before his gloomy and ridiculous prediction.

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WANNABE DICTATOR Trump Demands that All Business Execs Be FIRED If They’re Not 100% Behind Trump

Posted by on June 18, 2024 at 1:46 pm. 0 Comments :

The overtly fascistic facets of Donald Trump’s warped character, and that of his malicious MAGA movement, have been apparent from its inception. Like any aspiring authoritarian, Trump has insisted that his cult disciples obey his every command, believe his every lie, and ignore the evidence of their own eyes and ears that reveal his aversion to democracy and the principles enshrined in the Constitution.

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Donald Trump Tyrant Dictator

The stubbornness of reality has never been a deterrent to Trump’s determination to mislead his glassy-eyed followers. He is a relentless disseminator of flagrant falsehoods aimed at exalting himself and maligning his foes. And he has no qualms about exploiting his lies in order to incite violent retribution for perceived wrongs.

SEE THIS: Trump Threatens that His Cult Followers ‘Won’t Stand for It’ if He is Sentenced for His Crimes

On Tuesday morning Trump provided another example of his tyrannical tendencies. In a comment posted to his floundering social media scam, Truth Social, Trump issued a decree to the world that he imagines is attentive to his crackpot ravings. He demanded that…

“Business Executives and Shareholder Representatives should be 100% behind Donald Trump! Anybody that’s not should be FIRED for incompetence!”

The blustery idiocy of that demand is exceeded only by its repudiation of economics in a free society. Where Trump gets the idea that servitude to him is a precondition for business management can only be explained by a severely acute case of malignant narcissism and delusions of grandeur. In a free country no one is required to pledge blind loyalty to any political hack that pops up.

Trump’s post was likely a response to a blisteringly critical report that the CEOs with whom he recently met were less than impressed with him. They reportedly came away saying that Trump “doesn’t know what he’s talking about,” was “remarkably meandering,” “could not keep a straight thought,” and “was all over the map.” Which are all traits that many people have seen in him for a long time.

So naturally, Trump’s massive yet fragile ego was hurt. But the depravity of his decree goes farther than that. He quoted from a Wall Street Journal article something that he apparently thought supported his preposterous premise…

“THE WALL STREET JOURNAL: “President Biden’s plan for a 28% rate would reverse half of Republicans’ 2017 rate cut. [But Trump’s] 15% rate would match the lowest level since 1935, boosting profits and rewarding shareholders.”

OH MY! So Biden’s proposal of a 28% tax rate would merely restore some of the irresponsible tax rate cut that Trump and the Republican Party granted as a gift to the wealthy and corporations. While Trump’s proposed cut to 15% would further benefit those corporations and their shareholders. That is not a plan that would help America’s low and middle class families. And the WSJ even noted that it would return to a tax rate that was in place in the midst of the Great Depression.

What’s more, Trump is not someone that any sane person would rely on for business advice. He has bankrupted at least six of his companies. He has been found liable for financial fraud for which the state of New York ordered him to pay a judgment of $454 million. His Trump Media and Technology Group has lost 40% of it value since he was convicted of 34 felonies for falsifying financial records to cover up his affair with a porn star. And his real estate business, his charitable foundation, and his university, were heavily fined and/or shuttered due to fraudulent mismanagement.

Furthermore, Trump’s agenda for the economy is fraught with the ignorance of someone with zero knowledge of economics. He recently proposed to eliminate income taxes and replace them with tariffs on all imported goods. Reputable financial experts have warned that this would be another boondoggle that enriches his wealthy pals and places a larger share of the tax burden on average Americans. According to the nonpartisan the Peterson Institute for International Economics, “Trump’s tariff proposals would cost the typical middle-income household at least $1,700.”

It’s clear that Trump’s demand to terminate any business executive that is not unflinchingly adoring has nothing to do with economic realities. It is just another example of his messianic compulsion to be revered as a god. This is not someone that should ever hold any power in a democratic society. And it makes the necessity for his unambiguous smackdown in November all the more imperative. For the sake of the nation, for democracy, and for freedom loving Americans.

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Fox News Reports on Trump’s Wisconsin Jobs Con Job, But Leaves Out Biden’s Booming Success

Posted by on May 8, 2024 at 2:17 pm. NO Comments :

In July of 2017, Donald Trump made a big deal out of an announcement that Foxconn, a Taiwanese electronics manufacturer, would be building a new factory in Wisconsin. This project was touted by Trump as “the eighth wonder of the world,” that would create 13,000 new jobs.

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Fox News, Joe Biden

Unfortunately, like most Trump promises, this one evaporated into the ether. But not before costing the state of Wisconsin and the communities where the plant was supposed to be built hundreds of millions of dollars in preparations that were all for naught. That outcome is consistent with the historic failure of Trump’s jobs record as president. Contrast that with President Biden’s record of historic job creation.

SEE THIS: The Biden-Harris Campaign Trolls Trump and Fox News on Truth Social with ‘Blowout’ Jobs Report

On Tuesday Biden announced that the vacant land that was supposed to be the site of the Foxconn project would actually be put to use. In a new agreement with Microsoft, a factory manufacturing A.I. technology products would be built producing thousands of new jobs. It was made possible by Biden’s passage of his Infrastructure bill and the CHIPS Act that have already created millions of American jobs. Biden spoke about the new project with a sly nod to Trump’s failure saying that…

“He came here with your senator, Ron Johnson, literally holding a golden shovel, promising to build the eighth wonder of the world. You kidding me? Look what happened. They dug a hole with those golden shovels, and then they fell into it.”

On Tuesday morning Fox News had a brief discussion about these developments. And the “Curvy Couch” potatoes of Fox and Friends actually brushed the margins of some factual reporting.

Steve Doocy: So Peter, this new A.I. Microsoft thing – $3 billion dollars, big job creator – that’s in Racine. Isn’t that the same town that Foxconn said – I don’t know, five or six years ago – we’re gonna build a big plant and they never did?
Peter Doocy: Yes, and that was a huge Trump announcement back then. And he said the factory was gonna be the eighth wonder of world. But then Foxconn decided to really scale back their plans and the land is still available. So Microsoft is going in.
Steve Doocy: It’s gonna be good for those people.

It’s notable that Fox News even brought up the subject. Ordinarily, any news that might reflect positively on Biden goes directly into the Fox dumpster. So perhaps some gratitude should be shown for bothering to talk about it.

However, the Fox crew left out some significant details. They described the failed Foxconn project as one that “Foxconn decided to really scale back.” They never bothered to attribute the failure to Trump and his incompetence in not securing more assurances that the project would be completed. They also never bothered to even mention Biden’s name or give him credit for helping to secure the new agreement with Microsoft.

Other than that, it’s probably the best that could be hoped for from Fox News. At least they didn’t blame Biden for the Foxconn failure and credit Trump with the Microsoft project. Every so often some truthful information leaks through the avalanche of lies that Fox produces.

SEE THIS: On Fox News Jessica Tarlov Summarizes the Success of Bidenomics that the Media Refuses to Cover

In the meantime, we can expect Republicans in the state, including Sen. Johnson, to take credit for themselves at the groundbreakings, despite having voted against the bills in Congress that made it possible. And Fox News will invite them on to brag about it. In other words, business as usual for the GOP and Fox News.

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