While the nation is transfixed with the tragedy of two mass shootings over the weekend, and the failure of our white nationalist president and his enablers in Congress to address white terrorism and gun violence with any serious legislation, you may have missed that Trump’s trade wars took a turn for the worse on Monday. … Read more
If the U.S. economy is really the “best economy ever” as Trump likes to claim, why did the Fed just lower interest rates for the first time since 2008 in the throes of the Great Recession in order to juice the economy? The Fed cut rates for the first time since 2008: The Federal Reserve … Read more
I touched on this report in a post yesterday, Another round of Trump’s farmer bribes set to roll out, but it turns out that this GOP socialist scheme to redistribute wealth does what one would expect: redistribute wealth upwards to the largest and wealthiest farmers. The Hill reports, Study: More than half of Trump farm … Read more
With Robert Mueller’s testimony sucking up all the media oxygen last week, you may have missed a couple of important stories. The latest tranche of bailout money from the Trump administration to bribe farmers to stick with Trump despite his disastrous trade policies that are financially ruining them is starting to roll out now. Another … Read more
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published last Friday found that the top one percent of Americans gained $21 trillion in wealth since 1989 while the bottom 50 percent lost $900 billion. Jake Johnson writes at Common Dreams, ‘Eye-Popping’: Analysis Shows Top 1% Gained $21 Trillion … Read more