Trump Lies While Whining that the NY Times is Lying About His Taxes

The bombshell revelations about Donald Trump’s taxes published by the New York Times are both shocking and disturbingly expected. Anyone who has been paying attention to Trump’s flagrantly criminal behaviors will not be surprised to learn that he has been cheating on his taxes for decades.

Donald Trump

Nevertheless, it’s jarring to discover the extent of Trump’s illegal financial dealings. His massive indebtedness is not merely a legal and ethical failing, it makes him a national security threat as someone who is vulnerable to pressures from foreign adversaries. What’s more, his failure to pay his fair share is an insult to the millions of Americans who are forced to pick up the slack. And it is monumentally hypocritical because it deprives the military, law enforcement, healthcare, and every other public service of scarce funding, while he’s trying to take credit for supporting those services and simultaneously cutting their budgets.

On Monday morning Trump lashed out against the New York Times in a series of dishonest and incoherent tweets. The only thing this outburst succeeded in achieving is establishing how desperate and scared Trump is. The tweetstorm began with a familiar Trumpian rant:

“The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent. I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits…..”

As is often the case with Trump, he couldn’t make a logical argument if his life depended on it. Here he is saying that the information in the Times’ story was illegally obtained, which would suggest that it consists of authentic documents. But if the documents are authentic, then they aren’t fake. And if they’re fake, then they aren’t illegal. And notice that Trump asserts that he “paid many millions of dollars in taxes,” except for some unspecified credits. So he he isn’t really denying that he only paid trivial amounts after the credits, just as the Times reported. Then he goes on to say that…

“…..Also, if you look at the extraordinary assets owned by me, which the Fake News hasn’t, I am extremely under leveraged – I have very little debt compared to the value of assets. Much of this information is already on file, but I have long said that I may release….”

Here Trump is saying nothing substantive at all. His assertion that the Media hasn’t looked at his assets is simply absurd. And his claim that he’s “under leveraged” isn’t borne out by any evidence. The truth is that he is mired in debt, with hundreds of millions of dollars owed to unknown parties who could easily take advantage of his vulnerability. But Trump still wasn’t through. He added that he may release his…

“…..Financial Statements, from the time I announced I was going to run for President, showing all properties, assets and debts. It is a very IMPRESSIVE Statement, and also shows that I am the only President on record to give up my yearly $400,000 plus Presidential Salary!”

Indeed, he has been saying that for four years, without ever fulfilling that promise, or intending to. But now he is also bragging that he is “the only President on record to give up my yearly $400,000” salary. That is a flagrant and easily disproven lie. George Washington. Herbert Hoover, and John Kennedy all donated their salaries to charity. Trump, however, donated his salary right back to various government agencies (i.e. Health and Human Services, Homeland Security, Veterans Affairs, etc.). Which is actually illegal.

Trump’s intention was to lavish himself with undeserved praise for not taking funds from taxpayers. However, he conveniently leaves out that he earns many millions more than his salary from foreign governments and other conflicted political parties who are paying for leases in Trump properties and stays at his hotels and resorts. Additionally, Trump benefits from the government paying the expenses for himself, his staff, and the Secret Service, when they travel with him on his frequent visits to his resorts and utilize ancillary services (i.e. dining, travel, communications, golf carts, etc.). This income far exceeds his presidential salary.

There is only one priority for Donald Trump: Himself! He will always put his own personal and financial interests above those of anyone else, and especially above those of the country that he has never served. That’s why his negligent mishandling of the coronavirus pandemic has resulted in so much suffering and tragedy. It’s why the economy has slumped into a recession. It’s why he cozies up to foreign dictators and alienates America’s allies. And it’s why he must not be allowed to continue in office where he will surely betray the country again.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

Crybaby Trump Runs to Fox News Following His Latest Media Fiascoes

The flop sweat gushing from Donald Trump is flowing like a tsunami the closer we get to Election Day. His polling continues to languish near historic lows for both reelection and job approval. And even his traditional allies are politically distancing from him for fear of being swept away themselves. it’s a downward spiral that shows no sign of slowing down.

Donald Trump, Mask, Fox News

Trump’s response to the imminent peril that he finds himself in has been to triple down on the lies, insults, and fear mongering, that have been the staples of his campaign. As a result he lashed out at Dr. Deborah Birx, his hand-picked Coronavirus Task Force medical expert, as “pathetic” just because she told the truth for a change. He flip-flopped on his opposition to mail-in voting (but only in Florida where he needs the votes of senior citizens who might not otherwise cast ballots). He made a ludicrous and unconstitutional proposal to delay the election. And he even threatened to ban TikTok from the United States in retaliation for criticism on the app from people like Sarah Cooper.

But that’s not all. Trump’s recent interview by Jonathan Swan of Axios exposed his shallow and hostile knee-jerk defensiveness and inability to engage in a coherent discussion. A PolitiFact analysis identified 22 false statements in the interview. And in a desperate effort to counteract the pitiful image he displayed, he immediately sought refuge in the warm embrace of his Fox News sycophants.

In the past three days Trump has done three phone-in interviews on Fox. One with his BFF Sean Hannity. One with Fox’s Senior Trump-Fluffer, Lou Dobbs. And on Wednesday morning, a full hour (video below) with the “Curvy Couch” potatoes of Fox and Friends. Here are a few of the lowlights:

ON SUSPENDING THE PAYROLL TAX:

FOX: What’s your plan for businesses when it comes to the payroll tax cut?
TRUMP: Well, I may do it myself. We’re negotiating right now. I have the right to suspend it. And I may do it myself. I have the absolute right to suspend…ah, the payroll…ah, do the payroll tax. We call it a payroll tax suspension.

Did our “stable genius” president come up with the idea of calling suspending the payroll tax a “payroll tax suspension” himself? More importantly, does he know that the payroll tax is used exclusively to fund Social Security, and that his proposed suspension would put the program at risk? And finally, he clearly doesn’t know that he has no authority whatsoever to suspend or otherwise alter tax laws passed by Congress. To his great dismay, he is not the American Dictator.

ON OPENING SCHOOLS:

FOX: What is the latest in your view as to how these schools should reopen?
TRUMP: My view is schools should reopen. This thing is going away. It will go away like things go away. And my view is that schools should be open. If you look at children, children are almost – and I would almost say definitely – but almost immune from this disease.

My view is that Trump is almost – and I would almost say definitely – but almost completely insane. He repeats himself ad nauseam without ever answering the question or making an intelligible point. And above all, he is comfortable with exposing children and their families to a deadly virus that is still out of control due to his negligence and incompetence.

ON OBAMA’S EULOGY FOR JOHN LEWIS:

FOX: Do you agree that [Obama’s eulogy for John Lewis] seemed like a campaign speech and less of a eulogy?
TRUMP: I thought it was a terrible speech, it was an angry speech. It showed there’s anger there that people don’t see. He lost control and he’s been really hit very hard by both sides for that speech. That speech was ridiculous.

You really have to wonder if Trump even saw Obama’s inspiring and heart-felt tribute. It is Trump’s review that is “terrible” and “angry” and utterly “ridiculous.”

ON HIS 2ND TERM:

FOX: Mr. President, what is your second term agenda? What are your top priorities?
TRUMP: I want to take where we left – we had the greatest economy in the history of the world. We were better than any other country. We were better than we were ever. We never had anything like it in this country […] What I want to do is take it from that point and build it even better.

Trump went off on a deranged rant about everything from unemployment to the stock market to how awful our allies are. What he never bothered to mention was anything about his second term agenda.

Needless to say, no one on Fox News challenged Trump’s lies or even bothered to ask a follow up question. They merely tossed him softballs and let Trump ramble on incoherently for twenty minutes. So Trump gets away with claiming he can unilaterally undo tax legislation, baselessly project his own anger onto Obama, and failing to articulate an agenda for the future. And for the record. Trump unleashed another 20 falsehoods on the Fox interview.

Which is why the one thing Trump said that is remotely connected to reality was just slightly off the mark. Referring to his prediction about the forward course of the coronavirus pandemic, Trump babbled that “This thing is going away. It will go away like things go away.” However, that typically inane Trumpism is more aptly applied to his presidency. And for those of you with exceptionally strong stomachs and nothing better to do, below is the full Fox and Friends interview.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

REALLY? Trump is Afraid that Electing Biden ‘Would Lead To Disaster’

The United States of America is currently undergoing one of the most troubling and turbulent times in its short history. The American people are suffering hardships that have not been imagined for decades. The list of leadership failures under “president” Donald Trump are almost too numerous to mention. But the consequences are far too too painful to ignore.

Trump Fear

An international pandemic has hit the U.S. especially hard, resulting in the deaths of 130,000 people, many of which would have been avoidable if we had competent leadership. The economy is in recession, and 20 million people are unemployed. Our allies are either laughing at us or pitying us, while our adversaries are gladly exploiting opportunities to achieve hostile objectives they have long sought. And in the midst of these calamities, Trump has the unmitigated gall to tweet that the policies of President Joe Biden…

Seriously? This makes you wonder just where Trump thinks his policies have led us. If we are not already in the throes of an epic disaster, then what would one look like? Biden would somehow have to put the Earth in the path of massive asteroid to satisfy Trump’s idea of disaster.

The spark that triggered Trump’s latest tantrum was an article in the ultra-rightist Washington Examiner. The article reported on remarks that Biden made to high-dollar donors at a recent fundraiser:

“In a donor meeting Monday evening, Biden said he was ‘going to to get rid of the bulk of Trump’s $2 trillion tax cut.’ He added about President Trump’s 2017 tax law, enacted with a Republican Senate and a House then under Republican control, ‘A lot of you may not like that, but I’m going to close loopholes like capital gains and stepped-up basis,’ mentioning the numerous wealthy people in attendance virtually.”

Naturally Trump regards this as a disaster since it would adversely affect him and his upper-crust pals in the GOP (Greedy One Percent). But you have to give Biden credit for telling prospective donors – and the very people whose taxes would be raised – that this is what he intends to do. Fortunately, there are some in the high income group who understand the need to raise taxes in order to “promote the general Welfare” (as the Constitution says), and that they are the ones who can best afford it. In the end, the reduction of the deficit, and the benefit to the overall economy, will serve the interests of the wealthy as well. It’s working people who drive economic prosperity. Without consumers the corporations will wither and die.

Trump’s Tax Scam was never a good idea. It was intended to further enrich the already wealthy, and to entice them to contribute to Republican campaigns. The benefits of the tax cuts were distributed overwhelming to the rich. But in the wake of Trump’s catastrophic negligence, incompetence, and even deliberate malfeasance, many of the most reliable right-wingers are abandoning ship.

Biden’s pledge to reverse Trump’s tax cuts include raising the top corporate tax bracket from 21% to 28%. Which is still below the 35% it was at prior to Trump’s cuts. However, it would help to bring the budget closer to balance and, of more immediate concern, raise funds to help the American people, small businesses, and local governments weather the pandemic storm. It’s exactly the sort of progressive agenda that’s needed at this critical juncture.

As for Trump’s priorities, they remain precisely what they’ve been since the day he announced his candidacy by disparaging Latinos as criminals and rapists. His recent Independence Day speeches were littered with racist dog whistles, or more accurately, foghorns. Judging by the content of his speeches, the most pressing national problems are protecting the statues of Confederate traitors and suppressing the First Amendment rights of citizens protesting injustice and systemic racism. On these matters Trump believes that the if the people are allowed to exercise their rights…

It’s unclear who Trump thinks would be “calling the shots” in the Biden administration, but his list would surely include Hillary Clinton, George Soros, and the ghost of Osama Bin Laden. For the record, Kimberley Strassel, a Trump-fluffing Wall Street Journal columnist, misrepresented Biden’s remarks. Biden was not asked if he would “condemn” the protesters, only what he thought should be done about the offensive monuments. And only a seriously deranged mind could interpret Biden’s answer to be the ominous foreshadowing of “the beginning of the end.” Luckily for Trump, that’s exactly the kind of mind he has. And it has led us unarguably to the disaster that he now says he fears.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

Terrified that His Taxes Will Become Public, Trump Sics His DOJ on the Supreme Court

Last week’s impeachment hearings revealed overwhelming evidence of the criminal behavior of Donald Trump. The witnesses were largely from his own administration, including Dr. Fiona Hill who was a top aide to Trump’s ultra-conservative National Security Advisor, John Bolton. And every one of them testified that Trump improperly threatened to withhold military funds from Ukraine unless they helped him smear a political rival. In fact, Trump himself admitted it.

Donald Trump

However, in just the few hours since the hearings adjourned, there have been some startling stories of corruption and dirty dealing by Trump and his sycophantic defenders. The ranking Republican on the House Intelligence Committee, Devin Nunes, has been implicated in a scandal of his own wherein he was seeking foreign assistance to dig up dirt on Joe Biden. Which is precisely the crime that the Committee is investigating Trump for. As for Trump, he visited his Friends at Fox News to spread propaganda manufactured by Russia. But These aren’t the only problems Trump faces.

The state of New York has been trying to get Trump’s tax returns as evidence in a case probing alleged campaign finance violations. Trump, of course, has been refusing to cooperate, but having lost in the lower courts, Trump is taking his challenge to the Supreme Court. In advance of any decision, the Department of Justice is now weighing in with their own opinion. And naturally they are siding with Trump. This is just further proof that Attorney Genuflect Bill Barr is a toady for Trump who is breaching his oath to serve the American people.

There is no justification for the DOJ to interfere with this litigation. It is outside of the purview of the Department as it involves Trump personally and is not associated with his duties as president. What’s more, the case that the DOJ is presenting to the Supreme Court is typically biased, shallow, and weak on legal rationale. According to their filing

“The brief, filed by Solicitor General Noel Francisco, says allowing Manhattan prosecutor Cyrus Vance to obtain the tax returns would create a precedent that ‘may subject the president to highly burdensome demands for information’ and ‘raises the risk that prosecutors could use subpoenas to harass the president as a result of opposition to his policies.'”

Literally none of that is is justification for the Justice Department to interfere with this case. The President is not immune to investigations by state prosecutors. And it isn’t the DOJ’s job to define what constitutes a “burden” to the President. Nor is the DOJ permitted to insert itself into what may or may not be a political affair. The President has his personal attorneys for those purposes. The brief went on to say that…

“’The United States has a substantial interest in protecting the office of the president and the powers and duties vested in that office,’ the brief reportedly reads. ‘The United States also has a substantial interest in protecting the autonomy of the federal government from potential interference by the states.'”

To the extent that the DOJ is tasked with “protecting the office of the president,” it is limited to the his official duties, not his personal affairs. Especially those that took place prior to his election. However, the argument that the DOJ has an interest in protecting the President “from potential interference by the states,” is downright ludicrous. It is, in effect, a claim to protect the President from the nation he is sworn to serve. If upheld it would set a precedent that allows any president to violate state laws with impunity. And along with the tax laws that are central to this case, that could include rape and murder.

Trump’s stubborn refusal to release his taxes – as every other president in modern times has done – is a pretty good indication that there is something terribly wrong hidden in them. He isn’t even pretending to be audited anymore. Now he claims that just asking to see his returns is an abuse of power. He’s just sending his lackeys out to make absurd arguments in the hopes that he can keep his skeletons in the closet. And while the DOJ’s case is so thin as to be laughable, it is not outside the realm of possibility that it will be received favorably by a Supreme Court that is stacked with right-wingers and Trump appointees. Time will tell if they honor the law and the Constitution more than their misplaced loyalty to a criminal president.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

To Sarah Sanders: If Congress is Too Dumb to Understand Trump’s Taxes, Releasing Them Can’t Hurt

Donald Trump’s media relations have been a case study in both a totalitarian hostility toward the free press and a narcissist’s obsession for attention and adulation. He has repeatedly referred to the media in Stalinist terms as “the enemy of the people,” while lashing out personally at journalists and networks that he doesn’t think are sufficiently adoring.

Donald Trump

Trump’s White House has all but abandoned the daily press briefings that every other president in modern times has held. But he continues to send his press Secretary, Sarah Huckabee Sanders, out to the same TV news networks that he maligns. While there she does nothing but disseminate flagrant lies, packaged propaganda, and irrational defenses of her bosses many offensive utterances. Case in point: Sanders went on Fox News Sunday with Chris Wallace to try to shore another bad week for Trump. When the subject turned to the President’s stubborn refusal to release his tax returns, Sanders let this bull fly (video below):

“Frankly, Chris, I don’t think Congress – particularly not this group of congressmen and women – are smart enough to look through the thousands of pages that I would assume that President Trump’s taxes will be.”

Seriously? Trump’s first responses to this question were promises that he would release his taxes and would be happy and proud to do so. That later shifted to a lie about being audited, which he said prevented him from releasing his returns. It doesn’t. Most recently he has just declared that he isn’t going to do it under any circumstances. Which should cause any thoughtful citizen to wonder why he’s lied for so long and what terrible things he is trying to hide?

But for Sanders to make such a vicious ad hominem attack on the entire institution of Congress only escalates the suspicions that Americans should have. After all, it is the job of Congress to conduct oversight on matters like this, and many members have professional experience and training in economics. The insult by Sanders is just a lame attempt to avoid the real issues that concern Trump’s corruption and nefarious business relations that may include Russians.

If Sanders thinks Congress is too dumb to comprehend Trump’s taxes, why does the White House she represents think they are capable of developing a new healthcare plan; or ratifying international treaties; or passing Trump’s Tax Scam; or regulating everything from energy to banks to defense policy? Her scattershot slander only reinforces this administration’s aversion to the American ideal of democratic self-rule. According to Trump World, we’re all too stupid to be allowed any such privilege.

However, if Sanders really believes what she’s saying, then why would she have any objection to Trump’s taxes being released right now? After all, Congress won’t be able to understand them, so what’s the harm? In reality, this is just another example of projection by Trump and company. This is a man so inept that he bankrupted four casinos. He is the one who is so painfully idiotic that he can’t comprehend even simple matters, particularly about the economy. Take for instance his Sunday morning tweet about the Federal Reserve Board:

None of that is true. It’s pure fantasy to suggest that the Dow would be 10,000 points higher, even if the Fed did what Trump wants. But they can’t do it because lowering interests rates when the economy is already overheated would result in inflation and a massive stock selloff as investors sell equities and shift into bonds. What’s more, if a recession should result (a real probability), there would be no way to mitigate its harm by lowering interest rates further. It’s a recipe for a depression. But that’s where this administration is determined to take us. They just hope it occurs after a Democrat is elected next year so they have someone else to blame.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

Self-Abuse? Trump Promised to Release His Taxes, Now Calls Requests ‘An Abuse of Power’

The still simmering controversy over whether or not Donald Trump should release his tax returns is emblematic of the march toward Idiocracy by the Trump administration, his cult following, and his State TV affiliate, Fox News. The arguments made by the tax suppressors are an affront to logic and democracy. In other words, quintessentially Trumpian.

Donald Trump

The first and foremost point to be made is that Trump himself promised to release his tax returns prior to the election saying that “I’ll produce my tax returns, absolutely. And I would love to do that.” He never delivered on that promise of transparency that every presidential candidate for the past forty years has complied with.

Trump’s original breach of his pledge was an invented excuse that he couldn’t release his taxes because he was being audited. Let’s set aside the fact that there is no evidence of any such audit taking place. More to the point, the IRS does not prohibit – or even care – if a taxpayer chooses to release their own tax returns during an audit. And it wouldn’t affect the audit in any way. After all, the IRS already has that data, so there wouldn’t be any surprise disclosure. How could a public release change anything?

Now Trump is whining about efforts by Democrats in Congress to acquire his tax returns as part of their constitutional oversight responsibilities. And his complaint is typically broiled in hyperbole. He is accusing Democrats of “a gross abuse of power.” In fact, they are performing their duties in conjunction with all applicable laws. And there is a glaring need to probe Trump’s finances given all of the evidence of corruption in his businesses and political activities.

What’s more, Trump is exacerbating the suspicions that surround him by being so evasive and adamant that his taxes remain secret. There is a distinct odor of criminality and consciousness of guilt. What is he struggling so hard to conceal? His “acting” chief of staff, Mick Mulvaney, was on Fox News Sunday morning and participated in this exchange with anchor Bill Hemmer:

Hemmer: To be clear, you believe Democrats will never see the President’s tax returns?
Mulvaney: Oh no, never. Nor should they. Keep in mind that that’s an issue that was already litigated during the election. Voters knew the President could’ve given his tax returns, they knew that he didn’t, and they elected him anyway.

To be clear, Trump told voters that he would “absolutely” release his taxes, he lied, and a minority of voters elected him anyway via the fatally flawed Electoral College. And it’s the American people, not just the Democrats in Congress, that Trump is most worried about, prompting his obsession with preventing them from seeing the shady dealings in his tax returns.

Trump frequently takes both sides of any issue he addresses. That’s mostly because he doesn’t understand anything and forgets what lies he told previously, or finds a new lie more advantageous at the moment. For instance, his initial assertion that he welcomed the release of the full report by special counsel Robert Mueller, and later dismissing it as an illegal hoax. But for him to call requests for his taxes a “gross abuse of power,” after vowing to release them himself, suggests that he was engaging in a perverse act of self-abuse when he made his initial promise. Democrats now are only asking that he keep his word. Which, based on his prior record, may be way too much to hope for.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

Fox News Compares Alexandria Ocasio-Cortez to Hitler and Stalin in Unhinged Rant

It’s always easy to tell who the Republican Nationalist Party is most afraid of. It’s the person they lie about most, and whose character they malign with the most vicious insults. Their obvious defensiveness gives away their fear and betrays their intentions to destroy anyone they think is having a real impact on changing the status quo.

Alexandria Ocasio-Cortez

The current ogre under the GOP’s bed is Rep. Alexandria Ocasio-Cortez. She has had the audacity to advocate for the common American, the oppressed, and those who have been left out of the nation’s prosperity. Her recent comments regarding raising the marginal tax rate for multi-millionaires to 70% has brought severe anxiety to the rightists in Congress and the media who serve the wealthy. So their response to this common sense proposal, that was in effect for decades prior to the Reagan administration, is to lash out in the most absurd and offensive way imaginable.

On the Fox Business Network program host Trish Regan invited right-wing clown and alleged economist, Ben Stein, to discuss Ocasio-Cortez. The segment was utterly devoid of any substantive discussion of her ideas or her role in Congress. Instead, it was a bitterly personal assault that was nothing but invective and slander. Stein delivered a thoroughly deranged tirade dismissing her impact and insulting everyone who supports her. “She’s seeing success,” Stein began, “because there’s a lot of people just as ignorant as she is out there.” Never mind that he’s disparaging the majority of Americans (59%) who agree with her.

Stein believes that “messages about justice and equality … always turn out to be messages that lead to a dictatorship.” And his extended comments on Fox affirm that opinion, but go even farther into an abyss of slime (video below):

“We have a society in which there are an awful lot of people who have no idea that Stalin, Hitler, Mao Tse Tung, all came to power promising the same kinds of things that Miss Ocasio-Cortez is promising. And it led to mass murder. It led to dictatorship. It led to genocide. These promises are old promises and they invariably led to bad things.”

Stalin? Hitler? Does Stein really believe that Ocasio-Cortez is an aspiring tyrant who hungers for the blood of the masses? Does he really believe that her agenda, which is squarely in the mainstream of America’s principles and history, will lead to genocide? Or is he merely mouthing off with noxious hyperbole intended to incite the hatred of Fox’s viewers? If Stein is looking for an aspiring tyrant, he might want to look at Donald Trump, who actually kept a book of Hitler’s speeches at his bedside. And Trump’s anti-press chant of “the enemy of the people” was stolen verbatim from Stalin. But Stein wasn’t finished:

“Capitalism is a system that allows people to make something of themselves, instead of suppressing other people. Making money is … what our society is about. It’s not about ordering people around, putting them in concentration camps. What do you do if a person is a richer person or a poorer person? What do you do? Do you take him away and shoot him?”

Where on Earth did Stein get that from? Certainly not from anything Ocasio-Cortez, or any Democrat, has ever said. It’s simply Stein inventing horror stories for the Deplorables watching him on Fox News. And the number one viewer is, of course, Donald Trump, who spends countless hours watching, and live tweeting, what he sees on Fox. And as a result of crackpot diatribes like this one, watch for Stein to be hired by Trump as an economic advisor or, perhaps, his new Billionaire Tax Elimination and Peasant Revenue Collection Czar.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

A Tweet For Everything: What Trump Said About the Stock Market Just Six Months Ago

The current President of the United States has shown repeatedly that he is an unstable and ill-informed custodian of the nation’s resources. Donald Trump has a tenuous grip on the complexities of economics, and reacts out of panic and vengeance more than careful study and reason. As a result the country has been burdened with policies that work against the interests of its citizens.

Donald Trump, Stock Market

About six months ago Trump joined with the Republican Congress to pass a tax reform bill that was widely criticized as a giveaway to the wealthy that would balloon the national debt by trillions of dollars. Trump celebrated the legislative victory at a White House ceremony where he reduced it to flagrantly personal terms saying that “It’s always a lot of fun when you win.” It didn’t get a single vote from Democrats.

Republicans, however, were swelling with pride, despite the unfavorable public response shown in most polls. The Republican Speaker of the House, Paul Ryan, said confidently that “When people see their paychecks getting bigger in February […] that’s going to change its popularity, I am convinced.” The GOP Senate Majority Leader, Mitch McConnell, gloated that “My view of this is, if we can’t sell this to the American people, we ought to go into another line of work.”

I hope he’s dusted off his resume, because the latest polling shows that the Trump Tax Scam is less popular now than ever. It currently has about thirty-four percent approval from the American people. Which isn’t surprising considering the fact that it was crafted to benefit corporations and the rich. Which makes this Trump tweet from December 14, 2017, all the more ironic and sad:

Well, that rosy scenario has wilted. Trump told reporters when the bill passed that “the results will speak for themselves.” Six months later it’s clear that his prediction is true, in the worst possible way. Workers have not received the benefits they were promised. Businesses are taking their profits and putting them into stock buybacks that benefit the executives. Harley Davidson announced today that is the latest company to be moving some of their operations (and jobs) out of the country.

On top of that, the stock market suffered a serious decline on Monday with the Dow Jones down 328 points (1.33%), and the Nasdaq down 160 points (2.09%). The market is negative by almost two percent year-to-date, and is down over 500 points since the tax bill was signed. Even more troubling is that it is off about 2,300 points from its high in January. You don’t hear Trump talking about any of that.

Short term movement in the market is never a good indicator of trends over time. But Trump’s boasting about the market’s performance has blown up in his face because he doesn’t understand it in even the simplest terms. And the trading in the wake of the tax bill, Trump’s punitive tariffs, and associated red flags in bonds and overseas markets are telling us a cautionary tale. At some point the markets are going to reverse course, as they always do, and it may come sooner rather than later. But Trump’s mismanagement of the economy has left us with few and/or weak tools with which to respond. The smart money is taking protective measures, and so should we all.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

It’s Tax Day and Donald Trump is Tweeting Up a Storm to Celebrate, But…

Never one to care anything about facts or truthful dialogue, Donald Trump is attacking the arrival of Tax Day with a celebratory zeal that is entirely out of whack with reality. So what else is new?

Donald Trump

Trump’s day always begins with his most pressing presidential duty: post nonsense and/or rage on Twitter. This Tuesday morning is no different. So here is what the Tweeter-in-Chief is obsessing over while waiting for his tee time in Palm Beach:

Indeed, everybody is talking. Unfortunately for Trump, they are mostly saying that his tax scam bill isn’t helping to do anything but blow up the federal deficit. A poll by NBC and the Wall Street Journal show that a pitiful twenty-seven percent think Trump’s tax bill is a good idea. Another poll by Gallup puts those who disapprove in the majority at fifty-two percent. And an analysis by Bloomberg shows that Republicans are going to find it difficult to run on the tax issue in the 2018 midterms.

So happy tax day everybody. We may have a bill that is only benefiting the wealthy, but it is also likely to throw the members of Congress who forced it on us out on their asses.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

The Trump Stock Market Meltdown: Make No Mistake, This is Trump’s Fault

The Stock Market closed down today by more than 1,100 points. That would make it almost 2,000 points lower in the last three days. This is the worst decline in over two years. And it totally belongs to Donald Trump.

Donald Trump

For the past year Trump has been bragging about the performance of the stock market and taking credit for its rise. That was a pretty stupid thing to do given the vast array of influences on the market and its volatility. Particularly when we have been stretching out the second longest bull market in history.

Three weeks ago, while stocks were still rising, I wrote an article warning that Trump’s bragging would come back to “Bite Him in His Sh*thole Country.” The article said in part that…

“It’s always dangerous to rely on stock market performance to validate the economy. There are too many factors that can shift investor sentiment. It is a fluid indicator that could reverse course tomorrow. Indeed, many stock analysts regard the market’s current position as overvalued. These analysts are predicting a ‘correction’ that could send the markets down significantly.”

But Trump continued to boast about numbers that he obviously knows nothing about. And now the market is trending lower as if to mock the President’s arrogance. But it needs to be noted that there are tangible reasons why Trump is to blame for this sell off. Many economists are citing something that Trump regards as one of his greatest (only?) accomplishments. And even Trump himself raised it during his speech in Ohio today. When he wasn’t accusing Democrats of “treason” for not applauding him at the State of the Union address, he said this:

The tax cuts that Trump was obsessed with were never a good idea. Their benefits were heavily slanted toward corporations and the wealthy. But they were also an unnecessary stimulus to an economy that was already overheated. That was all that Wall Street needed to justify dumping stocks whose valuations were out of sync with reality. His tax bill also produced new debt in excess of $1.5 trillion. That makes investors nervous about rising inflation and interest rates.

Finally, when an economic stimulus is used at a time when it isn’t needed, that means that it won’t be available in the future when it might actually be useful. So investors are looking forward to a future market correction, or even a bear market, and the government will have no tools to respond or mitigate the damage. Therefore, many are getting out now and moving their assets into safer investments or cash. And none of this would be happening were it not for the greed and ignorance of Donald Trump and his allies in Congress.

Trump’s relentless bragging about the market when it was up presents an interesting problem for him. Who will he blame for the decline? He got exactly what he wanted with the tax bill, which received no Democratic votes. There is no one other than himself to which this can be attributed. Of course, that won’t stop him from inventing some culprit to point his bony fingers at. His narcissism is all-consuming and his GOP supporters still seem unwilling to put their country above their noxious party. So be prepared for more scapegoating as Trump continues to panic and his fear drives him further into desperation.

UPDATE: And that didn’t take long. Sean Hannity is blaming Obama for the Trump Meltdown.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.