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The Wrongologist

Geopolitics, Power and Political Economy

Sunday Cartoon Blogging – December 8, 2019

(Wrongo and Ms. Right are off to New Orleans for a few days. Regular posting will return on December 13th)

Trump’s former UN ambassador and former South Carolina governor Nikki Haley told conservative radio host Glenn Beck on Friday that the Confederate flag represented “service, sacrifice and heritage” for people in her state before mass murderer Dylann Roof “hijacked” its meaning when he shot and killed black Americans at the Emanuel AME church in Charleston, SC in 2015:

‘Here is this guy that comes out with his manifesto, holding the Confederate flag, and had just hijacked everything that people thought of…people saw [the Confederate flag] as service and sacrifice and heritage, but once he did that, there was no way to overcome it.’

Here’s Nikki Haley going all in on winning the David Duke vote. Haley’s comment is of a piece with Trump’s comment that there are “good people on both sides.” Dylann Roof didn’t hijack the “meaning” of the Confederate flag, he lived out its meaning of hate, racism and white supremacy.

The Confederate flag is a symbol of the institutional racism that many in this country refuse to acknowledge, let alone fully rectify. People who regard the Confederate flag as an icon, with a glorious past that should be retained, ignore that it represents a social and economic structure that enriched a very small group of white people by enslaving and brutalizing a large group of black people.

That same small group was willing to destroy the US to preserve their oligarchy. The Confederate flag is about “heritage” the same way the swastika is about heritage.

What Haley said is incredible. What Wrongo means by incredible, is Nikki Haley has no credibility. On to cartoons. Dems and GOP are playing their hands:

Trump has nothing to fear:

The Grinch takes food stamps from 700,000 more Americans:

Elephants can’t spell:

People now think Trump is a comedian:

Biden goes viral in a bad way:

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Is Anything Besides Impeachment Going On?

The Daily Escape:

Sunrise, Churchill, Manitoba, Canada – October 2019 photo by Colin Hessel. Hat tip to blog reader Marguerite S.

While America is focused on our impeachment gridlock, we’ve missed a few things Trump has done that have far-reaching impact.

First, the US solar industry has lost 62,000 new jobs and $19 Billion in investments because of Trump’s two year-old tariffs on imported solar panels. The job loss is more than the 53,000 total number of workers employed in US coal mining, an industry Trump favors. Maybe those 62,000 people can just apply for the roughly 250 new coal mining jobs Trump created. The $19 billion in lost investment equates to 10.5 gigawatts in lost solar energy installations, enough to power about 1.8 million homes.

Despite the tariffs, global solar panel prices have continued to fall due to oversupply in China, but US solar panel prices still are among the highest in the world. That makes it more difficult for solar to compete with other forms of electricity generation such as natural gas.

Trump’s tariffs have had the greatest impact on newer solar markets such as Alabama, the Dakotas and Kansas, because they make solar uncompetitive.

Second, Trump announced revisions to the small arms export rules. The National Defense Authorization Act (NDAA) is currently in reconciliation negotiations. One of the differences between the House and Senate versions is an amendment that could loosen export controls on firearms. In November, the administration gave Congress notification of the proposed rule changes, which will go into effect on December 20th if Congress does not block it.

The US exports firearms and related technology on a large scale. From 2013 to 2017, the State Department reviewed approximately 69,000 commercial export license applications for firearms, artillery and ammunition reported at a value of $7.5 billion. Roughly two-thirds of these applications were for firearms.

Trump’s proposal would transfer control over the export of firearms and related technology from the State Department to the Commerce Department. The new rules could loosen the global trade in small arms, particularly in Latin America and the Middle East.

Export control is a complicated process with substantial paperwork designed to limit weapons or components falling into the wrong hands. The State Department currently manages this process for firearms. Moving control to the Commerce Department means that exports of these weapons will be subject to a less rigorous approval process.

Many observers, including the UN, have noted that the widespread availability of small arms is a “key enabler” of conflicts around the world. Despite calls for states to exercise tighter arm controls, the Trump administration is proposing to do just the opposite.

There are downstream effects of the proposal. It may make it easier for Latin American organized crime or terrorists in the Middle East to get guns and ammo more easily. Perhaps Trump wants to improve the Second Amendment rights of ME terrorists and Latin American gangs. Or maybe, he’s just in the tank for US gun manufacturers.

Third, a new Pew survey finds that only half of American adults think colleges and universities are having a positive effect on the country; 38% say they are having a negative impact, up from 26% in 2012. The increase in negative views has come almost entirely from Republicans and independents who lean Republican:

Since Trump was elected, Republicans who say colleges have a negative effect on the country went from 37% to 59%. Over that same period, the views of Democrats and independents who lean Democratic have remained stable, and overwhelmingly positive.

Democrats who see problems with the higher education system cite rising costs most often (92%), while 79% of Republicans say professors bringing their political and social views into the classroom is a major reason why the higher education system is headed in the wrong direction. Age is an important factor: 96% of Republicans aged 65+ say professors bringing their views into the classroom is the major reason why higher education is headed in the wrong direction.

Higher education faces a host of challenges in the future: Controlling costs, ensuring that graduates are prepared for the jobs of the future, and responding to the country’s changing demographics.

Trump and the GOP’s willingness to see everything from impeachment, to solar panels, to college education as an ideological battle are making addressing America’s problems impossible.

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Dateline London — Banana Republicanism Edition

The Daily Escape:

Royal Albert Hall, London, noon sound check for tonight’s DJ Spoony’s Garage Classical show. The show is sold out – October 2019 iPhone photo by Wrongo

The yelling of Republicans in the House can seem muted when you’re 3,000 miles away in England. This, from the Guardian:

“House Republicans who tried to storm the secure area in the Capitol where Laura Cooper, the top Pentagon official on Ukraine was testifying, have effectively shut down the interview, according to a senior Democratic lawmaker…More than two dozen House Republicans, led by representative Matt Gaetz, tried to force their way into Cooper’s deposition, even though they are not members of the three committees leading the inquiry…”

The “secure area” is what’s called a SCIF, or Sensitive Compartmented Information Facility. These are sealed conference rooms that are protected from electronic intrusion. They exist so that members of Congress can receive highly classified information about how the nation collects information on its adversaries, and on very sensitive intelligence operations. They exist all over the government, in the military, and in the defense contracting industry. Meeting attendees have to leave their electronic devices outside of the room, under the supervision of a security-cleared attendant.

Some, but not all of Gaetz’s Congressional storm troopers surrendered their devices at the door of the SCIF. Those that didn’t caused a serious security breach. Despite their mob efforts, the deposition itself took place, but after a five-hour delay.

This single party effort to disrupt testimony is significant, and possibly symbolic of where the GOP is today. Cooper’s testimony is on the DOD’s response to Trump’s refusal to provide funds to Ukraine, funds that had been duly appropriated by Congress.

This is the effort by a mob to suppress evidence. From Marcie Wheeler: (brackets by Wrongo)

“In short, a bunch of Republican Congressmen (and a handful of [Congress] women) are staging a faux riot in order to prevent the DOD from telling Congress how the White House prevented them from following the law that prohibits the White House from withholding funds without a good reason….”

Rep. Bill Pascrell (D-NJ) tweeted this:

Hat tip to Rep. Pascrell for the term Banana Republicanism.

Marcie also reported that nine of the 43 rogue Congress critters actually sit on the committees that are conducting the inquiry inside the SCIF. Those nine are in the room all the time. They can ask questions of the witnesses. They can file minority reports if they disagree with the majority findings. So they can’t expect anyone to believe that they’re shut out of hearing the classified testimony.

In fact, it is most telling that they apparently aren’t leaking anything to the press, or to their colleagues!

Here in the UK, Boris Johnson, the British “Trump-light” head of government, reluctantly follows the dictates of the law despite his desire to force feed Brexit to his country. In the US, Trump and his Banana Republican cohort no longer bother to pretend.

Some of these rioters sit on the Judiciary Committee. Others apparently sit on the Armed Services, and Homeland Security Committees. Their actions should lead to getting booted from those committees and instead, being relegated to the Joint Committee on the Library of Congress, or to the Joint Committee on Printing.

The press should be asking GOP House Minority Leader Kevin McCarthy if he’s going to remove these people from the committees that handle sensitive information for violating security protocols.

A question for Mac Thornberry, (R-TX), ranking member of the Armed Services Committee:

“Should Matt Gaetz, Mo Brooks, Bradley Byrne lose their seats on Armed Services for the manner in which they violated security protocols?”

A question for Mike Rogers, (R-AL), ranking member of the Homeland Security Committee:

“Should Mark Walker, Debbie Lesko, and you, lose your seats on the Homeland Security Committee for violating security protocols?”

This kind of breakdown in the orderly function of the House represents an existential threat to this country. If an opposition party can freely intimidate witnesses and shut down depositions without consequences, then the Constitution’s power of impeachment is useless.

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Monday Wake Up Call – Giuliani Edition, October 14, 2019

The Daily Escape:

Autumn in the Yukon, view of Tombstone Territorial Park, Canada – September 2019 photo by tmsvdw

Wrongo has resisted any assertion that there is a Grand Theory that ties together all of Trump’s self-dealing. Mueller’s investigation was able to make several connections, but so far, Trump has skated on all but Mueller’s allegations of obstruction.

We’re again hip-deep in possible Trump malfeasance, this time about Ukraine, and how the Donald and Rudy Giuliani attempted to influence the Ukraine government, and to induce an investigation into the Bidens.

Michelle Goldberg, in Sunday’s NYT lays out Rudy’s involvement over several years in an effort to keep like-minded and friendly bureaucrats in power in Ukraine. Those efforts ultimately led to 2019’s broad inquiry into Trump, Rudy and a series of shadowy “associates” who are linked both to Ukraine and to Russian power brokers.

Goldberg focuses on a Ukrainian legislator, Serhiy Leshchenko, who was elected to Parliament in 2014. He was also Ukraine’s most famous investigative journalist, focusing on government corruption. This year, after Volodymyr Zelensky won the presidency, Leshchenko advised him during the transition. From Goldberg: (brackets by Wrongo)

“In 2016, Leshchenko had helped expose the “black ledger,” an accounting book of hundreds of pages found in [former Ukraine president] Yanukovych’s former party headquarters. Among its many entries, it showed $12.7 million in secret payments to Paul Manafort. At the time, Manafort was running Donald Trump’s presidential campaign, but before that, he was one of Yanukovych’s most important advisers.”

After the election, Giuliani began attacking Leshchenko. On May 10th, Giuliani described the ledger as a “falsely created book” and Leshchenko as part of a group of “enemies of the president, in some cases enemies of the US.” And in an interview on CNN, Rudy accused Ukraine’s leading anti-corruption organization, the Anti-Corruption Action Center of developing:

“…all of the dirty information that ended up being a false document that was created in order to incriminate Manafort.”

Why would Trump’s personal lawyer be defending Paul Manafort? More from Goldberg:

“In Giuliani’s fevered alternative reality, Ukraine’s most stalwart foes of corruption are actually corruption’s embodiment. Deeply compromised figures with vendettas against the activists — particularly the ex-prosecutors Viktor Shokin and Yuriy Lutsenko — are transformed into heroes.”

It gets worse. Marcy Wheeler (who all should be following) dissects John Dowd, former Trump lawyer who now represents the two Rudy “associates”, Parnas and Fruman. Marcy talks about John Dowd’s October 3 letter to the House Intelligence Committee, in which he describes that there is no way he and his clients can comply with an October 7 document request, since much of it would be covered by some kind of legal privilege: (emphasis by Wrongo)

“Be advised that Messrs. Parnas and Fruman assisted Mr. Giuliani in connection with his representation of President Trump. Mr. Parnas and Mr. Fruman have also been represented by Mr. Giuliani in connection with their personal and business affairs. They also assisted Joseph DiGenova and Victoria Toensing in their law practice. Thus, certain information you seek…is protected by the attorney-client, attorney work product and other privileges.”

Marcy concludes: (emphasis by Wrongo)

“Parnas and Fruman do work for Rudy Giuliani in the service of the President of the United States covered by privilege, Rudy does work for them covered by privilege, and they also do work for Joseph DiGenova and Victoria Toensing about this matter that is covered by privilege.”

This is reminiscent of the Joint Defense Agreement (JDA) that Dowd orchestrated between 37 Trump-affiliated individuals investigated by Mueller, when Dowd was Trump’s lawyer. Now, Dowd represents the Ukrainian grifters.

But there’s more. By the time Dowd sent the letter, DiGenova and Toensing, married lawyers who are always on FOX, were on record as representing Dmitry Firtash, a Ukrainian oligarch who was named in some early Mueller warrants targeting Paul Manafort. And in March, Giuliani said that Firtash was “one of the close associates of Semion Mogilevich, who is the head of Russian organized crime, who is Putin’s best friend.” More from Marcy: (emphasis and brackets by Wrongo)

“Yesterday, Reuters closed the circle, making it clear that Parnas and Fruman work for Firtash, [and] the former [worked] as a translator for DiGenova and Toensing’s representation of Firtash.

DiGenova and Toensing, who work with Rudy seeking opposition research on Joe Biden, also represent Firtash! Marcy closes with this:

“In other words, the President’s former lawyer asserted to Congress that the President and his current lawyer are in some kind of JDA… [that includes some connected with] the Russian mob, almost certainly along with the President’s former campaign manager [Manafort]….”

Wake up America! We’re seeing that Giuliani was running what is essentially a mob operation, apparently with the concurrence of Trump. The long term damage of such corruption is incalculable.

If we’re lucky, we can end this soon.

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The Ethics of Responsibility

The Daily Escape:

John Muir Wilderness, CA -August 2019 photo by petey-pablo

Nobody in America should be rooting for a recession, and no political party should root for one either. Shame on those who are.

US economic policy is often driven by ideology, and those operating policies can change whenever the party in power changes. That seems to be more likely to occur in 2020 than it has at any time since Reagan. Like it or not, Bush I, Clinton, Bush II, and Obama all followed similar economic policies.

Trump has disrupted much of them, returning to a vigorous trickle-down policy, aggressive deregulation and the imposition of unilateral tariffs.

Max Weber, in his 1919 essay on “Politics as a Vocation”, made a distinction between politicians who live by the “ethics of responsibility” and those who follow the “ethics of conviction”. The ethic of responsibility is all about pragmatism; doing the right thing in order to keep the show on the road. But the ethic of conviction is all about moral (ideological) purity, about following the playbook despite the impacts.

An example is the Kansas Experiment, where Sam Brownback, following right-wing convictions, cut taxes to produce a “shot of adrenaline into the heart of the Kansas economy.” Economic growth was below average, state revenues crashed, and debt blew up. But, still a believer, Brownback vetoed the effort to repeal of his laws.

You don’t need more from Wrongo to paint the picture. We’re in a time of the ethics of conviction.

Let’s take a look at two recent articles about the economy. First, from the Economist, which is telegraphing the possibility of a US recession:

“Residential investment has been shrinking since the beginning of 2018. Employment in the housing sector has fallen since March….The Fed reduced its main interest rate in July and could cut again in September. If buyers respond quickly it could give builders and the economy a lift.”

But housing is not the only warning sign. The Economist points to this chart, showing the change in payrolls in the 2nd Quarter of 2019:

It’s clear that much of America is doing quite well. It is also clear that most of the 2020 battle ground states are not. Indiana lost over 100,000 manufacturing jobs in the last downturn, almost 4% of statewide employment. It is among a growing number of states experiencing falling employment: a list which also includes Ohio, Pennsylvania and Michigan.

In 2016, those last three states all delivered their electoral-college votes to Trump, and were decisive in his electoral victory. Trump’s trade war may still play well in these states, but if the decline in payrolls continues, it suggests a real opening for Democrats, assuming they are willing to hammer on pocketbook issues.

Second, the Wall Street Journal had an article about winners and losers in the 10 years since the Great Recession. It isn’t a secret that those left behind are in the bottom half of the economic strata, and there is little being done to help them:

“The bottom half of all U.S. households, as measured by wealth, have only recently regained the wealth lost in the 2007-2009 recession and still have 32% less wealth, adjusted for inflation, than in 2003, according to recent Federal Reserve figures. The top 1% of households have more than twice as much as they did in 2003.”

We also call wealth “net worth”. It is the value of assets such as houses, savings and stocks minus debt like mortgages and credit-card balances. In the US, wealth inequality has grown faster than income inequality in the past decade, making the current wealth gap the widest in the postwar period. Here is a devastating chart from the WSJ showing the net worth of the bottom 50% of Americans:

There’s a big difference between the 1% and the bottom 50%: More than 85% of the assets of the wealthiest 1% are in financial assets such as stocks and bonds. By contrast, more than half of all assets owned by the bottom 50% comes from real estate, such as the family home.

Economic and regulatory trends over the past decade have not only favored stock investments over housing, but they have also made it harder for the less affluent to even buy a home. The share of families in the bottom 50% who own a home has fallen to 37% in 2016, (the latest year for which data are available), from 43% in 2007. OTOH, homeownership among the overall American population is higher since 2016.

Weber’s ethics of conviction have driven our politics since well before the 2008 recession. We know what it caused: inequality, demonstrated by lower wages for the 90%, and a devastating decline in net worth for the bottom 50%.

Can we turn the car around? Can we elect politicians who will follow Weber’s ethics of responsibility at the local, state, federal and presidential levels in 2020?

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Sunday Cartoon Blogging – August 25, 2019

From the WaPo:

“The Justice Department has canceled a news-clip service for employees in its immigration review office after Monday’s edition included a link to and a summary of a blog post from a white-nationalist website that used an anti-Semitic slur…”

The Justice Department said the articles came from a third-party internet service that scanned the internet based on keywords and automatically delivered the DOJ articles from “various sources”.  It wasn’t a surprise that the DOJ canceled the service, blaming the third-party.

DOJ spokesperson Kathryn Mattingly said:

 “Those hateful beliefs do not reflect the views of EOIR employees and the Department of Justice.”

BuzzFeed spoke with the third-party service (TechMIS) and found out that the Trump administration has been regularly sending out articles from some far right-wing and white supremacist sites. And they’ve been doing it for months:

“Similar newsletters sent to the Labor Department, ICE, HUD, and the Department of Homeland Security included links and content from hyper partisan and conspiracy-oriented publishers.”

TechMIS sometimes included links to VDare, an anti-Semitic and racist site whose editor has claimed that American culture is under threat from nonwhite peoples. While these newsletters shared articles from local and mainstream national news outlets, they also regularly delivered content from partisan publications touting anti-immigration rhetoric and conspiracy theories. Among these publications: the Western Journal, a hyper partisan publisher whose founder once questioned if then-presidential candidate Barack Obama was Muslim.

And to say that the DOJ was blindsided by the contractor was debunked by TechMIS CEO Steven Mains:

“That’s absolutely incorrect…Mains added that EOIR {division of DOJ} was the most specific and particular of the company’s clients. The agency’s staff would review its work “down to misspellings” if there was anything wrong before sending.”

So, they reflect the beliefs of the entire administration.

Whenever you hear Trump apologists say that the Donald isn’t racist, or that the administration takes an even-handed approach to the brown and black people, remind them that White supremacists are running the government, and sharing racist, anti-Semitic, Islamophobic, and radical conspiracy links across the federal bureaucracy.

You would be a fool to believe that these links aren’t being approved by someone high up in the various administration cabinet departments. This is absolutely being done on purpose to radicalize the government against those people. On to cartoons:

The buck never stops at HIS desk:

Trump may have been chosen, but he’s just the Mess-iah

He did say that he wanted suspicious characters off the streets:

This weekend’s G-7 meeting will be more of the same:

Let’s hope that Justice Ginsburg is with us for some time to come:

Bidens seem nice, but they represent a time that has passed:

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Team Mitch and Free Speech

The Daily Escape:

The Long Leg, 1935 – painting by Edward Hopper

(Blogging may be limited for the next week as Wrongo and Ms. Right spend time in Maine.)

Mitch McConnell’s “Team Mitch” thought they were being clever by posting a video of a few extreme comments by an otherwise generally peaceful crowd of protesters outside his home yesterday. Twitter didn’t like it, so @TeamMitch was put into Twitter jail. From the Lexington Courier-Journal:

“Senate Majority Leader Mitch McConnell’s campaign has been thrown in Twitter jail. After sharing a video of a profanity-laced protest outside of the Kentucky Republican’s home in Louisville, the campaign Twitter account, Team Mitch, has been locked out.”

This was the second time in days that TeamMitch overreached. On Monday, they posted a picture of men in TeamMitch tee shirts groping a poster of Alexandria Ocasio-Cortez. Here’s the picture:

The picture was posted on Facebook and then shared on Twitter.

The response by the Trump regime was swift. By Wednesday, the White House was warning that it is looking at an executive order regulating Twitter’s and the industry’s free speech:

“The White House is circulating drafts of a proposed executive order that would address allegations of anti-conservative bias by social media companies, according to a White House official and two other people familiar with the matter — a month after President Donald Trump pledged to explore ’all regulatory and legislative solutions’ on the issue.”

Apparently, none of the three WH aides would describe the contents of the order, but its existence and the deliberations surrounding it, show that the administration is taking a serious look at attempting to limit Silicon Valley’s free speech. More from Politico:

“If the internet is going to be presented as this egalitarian platform and most of Twitter is liberal cesspools of venom, then at least the president wants some fairness in the system, the White House official said. But look, we also think that social media plays a vital role. They have a vital role and an increasing responsibility to the culture that has helped make them so profitable and so prominent.”

More:

“The President announced at this month’s social media summit that we were going to address this and the administration is exploring all policy solutions, a second White House official said Wednesday when asked about the draft order.”

The order is not expected to be issued imminently.

On the surface, this may be a bluff. It is difficult to believe that even the Roberts Court would allow the government to limit the free speech rights of a corporation, particularly after the Citizens United decision. But the social media companies can’t be looking forward to an expensive, drawn-out court fight. Then again, if Twitter has the balls to actually apply the rules to Mitch McConnell, it might also apply them to Trump, and he would never allow that to happen.

This brings to mind our political double standard, the things that you just can’t do to Republicans:

– Repeat their own words back to them
– Cite empirical evidence, scientific evidence, or facts
– Point out hypocrisies
– Call them names (you know, like RACIST)
– Compare actual religious teachings to their bad behavior
– Suggest they’re not the fastest tractors on the farm
– Publicly disclose public information about which putrid candidate they publicly donated money to

(This last one was on full display when Joaquin Castro published a list of Trump’s Texas donors that he got from an already public listing.

You’ve got to remember that “Christian” American conservatives are the most persecuted minority in world history and that publishing their names is equivalent to painting targets on their backs for the Deep State and Antifa.

They think that it’s right there in the First Amendment that conservatives should never be criticized for anything that spills out of their stupid pie holes.

So, it’s looking like Trump will try to make Twitter pay for its imagined offenses to Team Mitch.

Trump says that his rhetoric unites people. Let’s hope it unites the rest of us!

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Sunday Cartoon Blogging – August 4, 2019

Will Hurd is the third Texas Republican in the past two weeks to decide to spend more time with their families, and is the sixth incumbent GOP member of the House to go. He is the only black Republican member of the House of Representatives. Could this be why?

It’s not that surprising Hurd wants to step down; he barely beat Democrat Gina Ortiz-Jones in the 2018 midterm election, winning by less than 1,000 votes. Ortiz-Jones is running again, and has been out-fundraising Hurd.

Wrongo gave money to Ortiz-Jones last time, and will again. She joined the US Air Force as an intelligence officer and deployed to Iraq in the Bush administration. After three years of active duty, she returned to Texas in 2006, working for a consulting company while caring for her mother, who had colon cancer (from which she later recovered).

Ortiz-Jones then returned to working as an intelligence analyst for the US Africa Command in Germany. In 2008, she joined the Defense Intelligence Agency, where she specialized in Latin America. In November 2016, she moved to the Executive Office of the President (Barack Obama) to serve under the US Trade Representative. Having served under presidents of both parties, Ortiz-Jones continued in her role during the Trump administration until June 2017, when she left.

Until 2016, there were always people like Will Hurd in the GOP. And before Trump came along, it was easy to get way more than four votes from Republicans in the House of Representatives to condemn a politician’s racist comment.

Pulling out for a view from 50,000 feet, there’s now an energized segment of America that are virulently hard core right wing. They are driven by a steady flow of lies and disinformation, and they won’t disappear or even move underground assuming Trump loses in 2020. Democrats will have to win real solid majorities in both Houses if there is to be effective government in DC, And they may be able to turn a few more Texas Congressional seats blue. Ortiz-Jones deserves your attention.

The debates are over until September, but this isn’t what we’ll see when they resume:

One goal among many:

 

This is exactly how the media and the GOP view the Dems:

Why won’t Mitch pursue fixing our election system?

Remember when they said that plastic was far better than paper and would save the environment?

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Monday Wake Up Call – June 3, 2019

The Daily Escape:

Mont Rotui, Moorea, French Polynesia – 2019 iPhone photo by mystackhasoverflowed

Time to wake up America! Donald Trump has proven once again that he has no understanding of economics. From the Wall Street Journal:

“President Trump will award the Presidential Medal of Freedom to economist Arthur Laffer, one of the pioneers of the idea that tax cuts can boost government revenue, the White House said Friday.

Mr. Laffer is one of the founding theorists of supply-side economics, a school of public economics that rose to prominence during the Reagan administration and returned to the fore in the run-up to the 2017 package of tax cuts that Mr. Trump signed into law.

The White House described Mr. Laffer as “one of the most influential economists in American history,” and said his “public service and contributions to economic policy have helped spur prosperity for our Nation.”

Laffer is famous for his drawing his Laffer curve on a napkin, illustrating his idea to Dick Cheney and Donald Rumsfeld at a dinner in 1974. His curve showed that increases in tax rates will eventually cause government tax revenue to decrease, because people will begin to work and earn less. This was then taken to its theoretical limit, saying that tax cuts could pay for themselves by spurring economic growth.

The WSJ calls Laffer “one of the pioneers of the idea that tax cuts can boost government revenue”. Isn’t it weird that the fact that his “idea” has been completely disproven in the real world, doesn’t seem to matter?

Conservative economics is not a branch of economics, it’s a branch of Conservatism.

The Laffer curve was successful at its real purpose, providing a basis to funnel more money to corporations and the rich. Republicans traffic in propaganda, not knowledge.

Last year, Laffer co-wrote a book titled “Trumponomics: Inside the America First Plan to Revive Our Economy.” Laffer’s co-author was Stephen Moore, another conservative who styles himself as an economist. Earlier this year Trump nominated Moore to serve on the Federal Reserve Board of Governors. Moore had to withdraw, amid bipartisan opposition from Senators.

Laffer was the advisor behind the notorious Kansas state income tax plan that ruined the state’s finances. In 2012, Then-Kansas Gov. Sam Brownback passed a package of tax cuts based on Laffer’s ideas. The result was that Kansas lagged behind neighboring states with similar economies in nearly every major category: job creation, unemployment, gross domestic product, and taxes collected.

In 2017, the Kansas legislature repealed the Laffer/Brownback tax cuts. After the repeal, state taxes were boosted by $1.2 billion.

Laffer has spent years preaching his idea that almost any tax cut for businesses and the rich could potentially pay for itself. That idea has become the bankrupt conceptual backbone of the Republican Party’s entire economic theology.

For the 2017 Trump tax cuts, his administration also borrowed Laffer’s idea. Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow, have repeatedly claimed that the Trump tax cuts will pay for themselves. But, a new report finds that the tax cuts were responsible for less than five percent of the growth that is needed to offset the revenue loss from the Trump tax cuts.

We must point out here that Larry Kudlow does not hold a degree in economics. He was once fired from an investment bank for doing cocaine. Imagine just how much cocaine you’d have to do to get fired on Wall Street in the 1980s.

Trump’s now added the Presidential Medal of Freedom to the American traditions he’s debasing. Other economists awarded the Medal of Freedom include Gary Becker, Milton Friedman, John Kenneth Galbraith and Robert Solow. Laffer can’t carry their briefcases.

There may be no man alive who has done more damage to America’s understanding of taxes and their effect on economic growth than Art Laffer.

Evidently, Trump is grading him on a curve.

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Sunday Cartoon Blogging – May 26, 2019

In another “elections have consequences” story, The Economic Policy Institute (EPI), has a new report about how states can blunt the 2018 Supreme Court decision in Epic Systems v. Lewis. In that case, the court ruled that employers can use forced arbitration clauses to strip workers of their right to join together in court to fight wage theft, discrimination, or harassment. The EPI forecasts that by 2024, more than 80% of private-sector, nonunion workers will be covered by forced arbitration clauses.

They argue that, given the current very conservative Supreme Court, it will be up to individual states to pass “whistleblower enforcement” laws like those introduced in Massachusetts, Maine, New York, Oregon, Vermont, and Washington, to empower workers who need to sue law-breaking employers, including those covered by arbitration clauses.

On to cartoons. Here’s a look at abortion from the GOP white male perspective:

Trump won’t (can’t?) deal:

GOP’s accomplishments are transparent, even if they are not:

The Parties see things differently:

Summer replacement series doesn’t get raves:

Graduation speakers aren’t created equal:

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