Piercing The Republican Propaganda

by Wes Walker via libertyisftw.org The Matrix is a system, Neo. That system is our enemy… look around, what do you see? Business men, teachers, lawyers, carpenters. The very minds of the people we are trying to save… You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it. – Morpheus, the Matrix So the Republican Party is making the argument that the economy is doing much…

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Here’s The Problem With Trump’s Trade War: Trade Deficits Aren’t Necessarily Bad

WPA poster titled First Foreign Trade Zone - artist Jack Rivolta. Produced 1937 during New Deal trade initiative.

by Tony Wyman Trade War Between Trump And Credible Economists You could hit an imported Chinese golf ball into a room full of economists and have a pretty good chance of not hitting one who agrees with President Trump‘s trade kerfuffle with China.  Why?  Because, unlike the president, most economists think trade deficits aren’t a bad thing.  In fact, some even think they are good. How can that be?  Doesn’t it make sense that we are losing against China if they are selling us more than we are selling them? …

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The Economic Pulse

by Wes Walker via libertyisftw.org If you got a business – you didn’t build that. Somebody else made that happen.” -Barack Obama, 2012 The Bureau of Economic Analysis released its initial number for Q4 2017 on Friday, and the usual media forces have turned it over as much as it probably bear to be turned over, but it is still worth mentioning a couple of things about the “advance” number. At 2.6%, it is considerably below the 3.0% number that was broadly expected by the market, but this cannot simply…

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Too Good To Fix: Why The Tax Bill Was Not Necessary Right Now

By Janice Barlow THE REPUBLICANS are celebrating a Christmas present of one of the most sweeping tax cuts in the history of the country. The biggest benefactors are corporations, whose tax rates were cut from 35 percent down to 21 percent, a slash of 40%. Other specific areas have been dramatically changed, such as a child tax credit increase from $1,000 to 2,000 (and from $1,000 to $1,400 for those who pay absolutely no taxes at all). However, the individual exemptions for each person in a household are totally gone…

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The Fallacious Narrative Of The Trump Economic Turnaround – Retail And Consumers

photo credit: Dale Gerhard / Press of Atlantic City by Richard Cameron Certain individuals inclined to see all things Trump, through the lenses of rose colored glasses – including the economy, are ignoring the warning signs of the hard economic data. Credit Suisse, the Wall Street Journal and Fitch are not. The backdrop to the data that these three observers of the real economy are examining, are the GDP numbers for the first quarter of 2017. Cheerleaders of the script that Donald Trump was going to usher in a new cycle…

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