The Trump Administration is following the playbook of Reaganomics. As part of its Reaganomics program, the Reagan Administration cut back sharply on the regulation of everything from monopoly and oligopoly to pollution and product safety, important elements that likewise effect the aggregate supply curve. Continue reading “Oligopolies and Monopolies”
Of course Democrats want huge tax increases. Tax increases cause expanding deadweight loss and ultimately contract economic growth. Democrats clearly want to crash the economy while President Trump is in office to make sure that he's a one-term President only.
Senator Rand Paul makes a lot of sense when he calls on his colleagues to use foreign aid money to fund our own disaster relief from Hurricanes Harvey and Irma.
Senator Rand Paul said:
“My amendment, the ‘America First’ amendment, would take the money from money that we were going to send to foreign countries. We send billions and billions of dollars to countries who hate us. We send billions and billions of dollars to countries who burn our flag. I think it’s a very simple choice that when we’re looking at those in need in our country, we quit sending money to other countries.”
Corrupt Congress always puts Americans' interests last. Few senators agree with Rand Paul's common-sense logic. Republican Senate Majority Leader Mitch McConnell made a motion last week to kill Rand Paul’s reasonable proposal and that motion passed 87-10 thanks to both Democrats and Republicans in the Senate.
There's only one reason why Republicans and Democrats are not supporting Rand Paul's proposal: corruption. Special interest groups that got these Democrats and Republicans elected do not want a reduction in foreign aid spending and so it's not going to happen even though it's the right thing to do.
Here is Rand Paul in his own words explaining his brilliant proposal:
Jamie Dimon said it's an embarrassment being an American citizen and traveling abroad because we are such a bureaucratic and confusing society.
David George said Jamie Dimon's rant was meant to indirectly communicate with Congress that they need to get off their hands and get something done for the American people.
Dobb's went on the attack after Jamie Dimon's comments calling him the least grateful corporatists in the US:
Now that everyone has gotten that off their chest, do you think we can raise the debt ceiling, cut taxes, and launch a $1 trillion infrastructure program to get Americans back to work? Saudi Arabia has already agreed to invest billions in US infrastructure spending so what's the hold up?