April 9, 2025 D.J. Trump Who was “on the take” as Trump implemented the tariffs and then delayed the tariffs and announced it was a great time to buy. ‘What Billionaire Just Got Richer?’: Trump Tariff Pause Sparks Insider Trading Suspicions, Common Dreams The timing of U.S. President Donald Trump’s Wednesday social media post declaring that “this […]
So Trump announced yuuge “permanent” tariffs and the stock market indices all tanked. Then Trump backpedaled on all the big tariffs except on China. Why the Trump flip-flop? Here’s Josh Marshall over at TPM: “Every sign is that it was not about the equities markets but rather the bond market, where the demand for U.S. […]
It is difficult to believe Americans do not have a negative opinion about the 2017 income tax cut which as expected did not pay for itself. Instead, we have trillions in deficit which we will have to make up. The benefit went to the upper 1% and you can throw in the 5% also. Similar […]
Don’t like income taxes? Next year, don’t pay ‘em. Who’s gonna force you to? “DOGE is also in the process of essentially closing down the Tax Division at the Department of Justice. “Since the Tax Division is a statutory creation, it can’t literally be shuttered. As DOGE has done at numerous other offices and agencies, […]
Imposing a tariff may not be the best idea. Forcing manufacture or assembly in the US may be a better idea. The idea is to bring manufacturing back to the US. And either of the former are not ideal. “World’s second largest automaker makes dramatic move as it stops all US car imports,” Daily Mail […]
The tariffs were always about extortion, soliciting bribes. They were never about helping the economy, balancing the budget, trade deficits or reducing taxes. “After multiple White House aides insisted that the new tariffs were not a negotiation, Trump said he would be open to negotiating with other countries about the duties. “Trump said he would […]
I am eligible for an Italian passport which my brothers and sister will obtain also. Not sure as to whether I will use it any time soon due to how much our president impresses the world. I had some explaining to do in Germany when I was working there for six weeks. The US does […]
Just some thoughts on manufacturing and international trade I have seen and experienced over the decades. I worked in automotive (care and trucks) for the Tier1s supplying wire harnesses and other components to Chrysler, Ford, and GM. The company also did business with foreign car manufacturers. This particular company was Japanese. US components were shipped […]
For Trump, the suffering is a feature, not a bug. Here’s Sen. Chris Murphy (D-CT) to explain: “Those trying to understand the tariffs as economic policy are dangerously naive. No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief. […]
I recall a time when the GOP posed as the staunch defenders of America’s military, including military veterans. But Republicans have stopped saluting veterans and save their salutes for tax cuts. “The Veterans Affairs Department is planning to lay off tens of thousands of employees throughout its organization later this year, according to an internal […]