Republican House members just signed up for Trump University: Pledging their job as tuition.
It has become exceedingly clear that Trump is a single issue President: Reducing taxes on American businesses and the top 5%. There is no other political policy or governmental concern that matters to Trump in the slightest.
The kindest interpretation of this is that he is convinced that these moves will launch the economy into hyper drive and that the growth will bring jobs, increase consumer spending and growth the economy by 3% or more which will bring more tax revenue and create all kinds of wonderful.
This is what Kennedy did when he reduced the top tax brackets from 80% and it launched a robust growth that did all of the things listed above.
Republicans have become incapable of rational thought and now elevate a relative argument to an absolute one. While the Kennedy tax restructuring achieved that objective the Bush tax restructuring did not. It turns out that in a mature wholly developed economy there is a tipping point where tax restructuring, which lowers the cost of investment capital, brings increasingly smaller benefits and flatlines and the amount of government revenue declines and endangers expansion because the government is holding ever increasing amounts of debt and sucking investment out of the private sector instead of freeing it.
This is the kindest possible interpretation, the other is self aggrandizement by theft and treason.
The Republicans have lost all capability for nuance, or complex calculation and believe that tax reduction is an absolute good. If that were true then we shouldn't reduce it to 15% but reduce it to 1%.
In order to build momentum for the real agenda of the Goldman Sachs Administration they had to have a win on health care to sustain a winning image. Trump went to the Republican Congress and said "pass anything, the Senate will fix it or do nothing and it will be on them. In the meantime we will pass the tax legislation before your election and you will all be hailed as victors for saving the American economy".
It was as stupid an appeal as Trump University and the Republican House bought it and all they had to do was put their jobs on line for the tuition. It is Governance by Hucksterism, Policy by Jingoism, and Morality by Perjury.
A few months after Mr. Obama took office the DJI was at 6,600 and when he left office it was 19,800. This isn't the greatest growth of capital in any 8 year history this is more capital created in the combined history of capitalism. In technical economic and historical terms this period will be known as "the good old days" although its goodness was limited in a job half done. The first job was to get the engine going and the second job which Trump has destroyed is getting more people involved in sharing the benefit.
The tax plan won't pass and I am hoping that Schumer and the Senate doesn't fall for a half backed infrastructure bill that is ill timed, will target the wrong objectives and help undermine government function by adding needless debt.
We should not give any concern about what, for example, Senator Sanders (a great Senator who I vigorously opposed as a Presidential candidate) or any Democratic office holder says or does.
We have only one objective and nothing else amounts to a hill of beans.
We are the debt collectors.
Republican Congressmen and Congresswomen have bought a completely irresponsible attack on the health of American citizens ala Trump University. For their tuition they have pledged their seats.
In the 8th Century BC Hosea the prophet looked at the kings of the Northern Kingdom and saw that they had forsaken their heritage and instead engaged in homicide, perjury, theft and debauchery. He correctly foresaw what would bring them down.
“They sow the wind and reap the whirlwind.
The stalk has no head; it will produce no flour.
Were it to yield grain, foreigners would swallow it up.
. . .
Although they have sold themselves among the nations,
. . .
They will begin to waste away under the oppression of the mighty king."
Our only concern for the next 18 months is to become debt collectors and make sure that each and everyone of them pays their tuition fee in full.
= new reply since forum marked as read
