ROFL. Right, let's reason about how the trade war is going based on warnings to students.
Here is how the trade war is going, if you want a birds-eye view:
And here is a birds-eye view of the main driving forces on the US side:
You know where the trade war is in the above? It's in the red bars. The vast majority of the movement is for reasons other than the trade war. (The detailed picture for the Chinese is somewhat different with the trade war mattering significantly more.)
https://www.thedailybeast.com/trump-...ke-them-at-all
HE IS COMING FOR YOUR GUNS AND THERE IS NOTHING YOU CAN DO, FOLKS!“The suspect in the Virginia Beach shooting used a silencer on his weapon. Do you believe that silencers should be restricted?” a reporter asked Trump outside the White House, as the president departed for a U.K. visit. “I don’t like them at all,” Trump replied, according to a pool report.
Although the Second Amendment people - maybe there is, I don't know.
https://www.independent.co.uk/news/u...-a8942666.html
Trump, who has one of the greatest memories of all time ever, forgot the gift that he gave the queen a year ago. He was saved by Melania, who appeared to actually remember.
https://twitter.com/kylegriffin1/sta...350599680?s=19Barack Obama gets a standing ovation at Game 2 of the NBA Finals in Toronto.
Via blogTO https://t.co/Dqqf3P1rYW
Yelp! Expect more tariffs Canada from our Petty President.
Democrats are the best! I will never ever question a Democrat again. I LOVE the Democrats!
https://www.salon.com/2019/06/03/tru...l-paso-report/
Shocking news. Man who regularly fails to pay bills has failed to pay a $470K bill for an anti-immigration rally he hosted in El Paso, Texas.
- - - Updated - - -
https://www.nytimes.com/2019/06/03/b...x-evasion.html
Ruh roh again, the owners of the hotel that replaced Trump Panama (whatever he called it) filed paperwork in Manhattan federal court alleging that the Trump Organization cheated the Panamanian government, including making fraudulent claims to tax authorities to cover up illegal behavior.
I can't imagine Trump may have engaged in shady and illegal behavior surrounding his business. I mean, it's not like the guy would ever outright lie about his finances, assets, and worth on loan application forms or anything...right?
We'd talked about this hotel before. This 2017 article contains the basics, such as
Who knew drug money could be so complicated?The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
https://www.cbsnews.com/news/tax-cut...l-office-says/
TLDR: Everyone saying that taxpayers were getting hosed by the tax cut and that it was little more than a handout to corporations and the ultra-wealthy continue to be right. It did nothing for the economy and it's most significant achievement seems to be increasing the US deficit and debt.When the Tax Cut and Jobs Act was signed into law in December 2017, many U.S. companies responded with press releases touting one-time bonuses to their workers. But how much of the savings from lower corporate taxes really went to workers?
Just $28 per worker, according to a new analysis from the Congressional Research Service.
A total of $4.4 billion went out in bonuses last year, estimated the nonpartisan office that's part of the Library of Congress. Divided among the 157 million people in the workforce, that comes out to under $30 apiece. "This amount is 2% to 3% of the corporate tax cut," wrote Jane Gravelle and Donald Marples, the report authors.
For comparison, the amount of money companies spent buying back stock was over $1 trillion, the CRS said. In other words, businesses spent 246 times as much money on their own stock as they did on worker bonuses.
It's unclear whether $28 shows an increase over whatever bonuses workers might have gotten without the tax cuts. The left-leaning Economic Policy Institute, which recently analyzed federal pay data, found that the average 2018 bonus was just 1 cent higher than the average bonus in 2017. "This is not what the tax cutters promised, or bragged about soon after the tax bill passed," EPI Senior Fellow Lawrence Mishel wrote.
The report adds to a year's worth of research by government, business and nonprofit entities indicating that the tax cuts didn't spur the widespread economic boom that was used to justify them.
The overall economy grew 2.9% in 2018—the same pace as it grew in 2015, and below the 3% annual growth on which Mr. Trump staked his campaign. Average wages, after inflation, grew at 1.2%, according to the Bureau of Labor Statistics.
Most Americans—about 4 in 5—paid less in taxes last year, with a median tax cut of $900. But many didn't realize their taxes went down through lower withholding numbers on their regular paychecks. Instead, they're asking what happened to the $4,000 to $9,000 raise the president promised them a year and a half ago.
"A one-time bonus is not a $4,000 raise," Christopher Shelton, president of the Communication Workers of America union, said in March before a House committee. The union's members work at wireless telecom companies, some newspapers, TV networks and General Electric.
Shelton added: "We tried to get our major employers to sign something saying they would give our members $4,000 in raises, because that's what everybody was touting. Not one employer signed that."
Is this fiscal conservatism?
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