Harvard economists estimate the cumulative financial costs of the COVID-19 pandemic. The fiscal conservatives' pandemic cost $16 Trillion for the US, about 90% of the country's GDP. If anything, you’d think fiscal conservatives, some of whom might even harbor liberal cultural/social notions, might be very angry at the waste caused by Trump’s epidemic incompetence. If anything,…
Category: Economy
TRUMP HAILS the Stock Market, Whose Rise Reflects a Rejection of Him and Approval of Joe Biden
The manic frenzy that is displayed daily on the Twitter feed of Donald Trump is especially heated this Monday morning. He posted 75 tweets before 3:00pm in what may break his all time record of 123 tweets in single day. It's impossible to say at this point whether the reason for this crazed output is…
vindictive Trump won't support covid stimulus vote until after election day, could tank the economy
Looking more like pathological Trump is going full scorched earth, not caring whether his “Trump checks” will get to potential voters. The economy will likely tank (more), now that Trump wants to give winning Dems more grief for the Blue Tsunami. And then there’s the super-spreader candidate for SCOTUS. Trump says he told Senate Republican leader McConnell to…
Independent economic analysis: A Trump loss would be far better for the economy
I’ll never understand why people think Republican presidents — and Republicans in general — are good for the economy. We have decades of economic data that say otherwise. When it comes to the economy, Republicans are like loud, stumbling drunks who keep insisting they’re okay to drive. Every Friday and Saturday night they plow into the…
Trump's Operation SeaLion economy versus Biden creating 66% more jobs in next 4 years
A new analysis by Moody’s Analytics definitively demonstrates to those predisposed to conventional economic analysis that Trump is a loser, especially in terms of the economy. Biden’s economic plans aren’t even radical, simply democratic and less inequitable. Trump’s short-attention-span policies have always been wham-bam, wait for two weeks, there’ll be a new one (or the same one,…
New Quinnipiac National Poll Has Joe Biden Beating Trump 52-42
Some good news today courtesy of Quinnipiac University’s latest poll: In the race for the White House, former Vice President Joe Biden leads President Donald Trump 52 – 42percent among likely voters in a Quinnipiac (KWIN-uh-pea-ack) University national poll released today. Those numbers are unchanged from a September 2nd national poll when Biden led Trump…
the real SARs: Suspicious Activity Reports
Prior to this reporting, very few SARs had ever been revealed. The FinCEN Files encompass more than 2,100. Will there be folks taking the easy way out after these revelations, but more importantly, will this have an effect on future prosecutions that might even involve Trump and his minions, because Deutsche Bank. So much corruption…
Pennsylvania is Key to Victory
538 has a new web page up, 2020 Election Forecast, which shows the current state of vote predictions state by state, and is updated daily. It starts with 24 maps showing the combination of states that give either candidate a win. Right now, there are 5 winning combinations for Trump and 19 for Biden. Further…
Capitalist power: bigger federal debt than entire US gross domestic product – first time since 1946
Trump’s constant pimping of the stock market numbers is not the same as a sign that the economy has returned to the level of “winning” even before Trump took office. Like voting twice, Trump’s not being a good minimal-state libertarian where all debt resolves itself in a ‘free market’. Instead, the stock market can help…
Things go better with Coca Cola, except under the Donald's response to Covid.
Well while Wall Street is rolling in the money now, things are about to change. Coca-Cola will eliminate thousands of jobs in the U.S. and abroad, the company said Friday. It's the latest in a series of cuts that have reduced the beverage giant's workforce by roughly 100,000 in the past eight years, bringing its…
Anti-Capitalist MeetUp: Post-COVID's post-capitalism may create an International Green New Deal
“(T)erminating labour and share markets, along with the type of commercial banking taken for granted today, is a prerequisite for a post-capitalist society with functioning markets, authentic democracy and personal liberty.” Left accelerationism seems tempting in a time when markets, democracy, and liberty are in peril. but Yanis Varoufakis is hinting that with an upcoming book, that…
Trump: 'You better vote for me or you're going to have the greatest depression you've ever seen'
Uh … sure. God forbid that ever happen. (Second tweet) x TRUMP: “You better vote for me or you are going to have the greatest depression you have ever seen.” pic.twitter.com/EltgyLJKlw— Aaron Rupar (@atrupar) August 29, 2020 Let’s see, the current unemployment rate is 10.2 percent, GDP plunged nearly 32 percent on an annualized basis in…
International Brotherhood Of Teamsters Endorses Joe Biden For President
As the grandson of a Teamster Truck Driver, I’m very proud to announce this: The 1.4 million member trade union the International Brotherhood of Teamsters endorsed Joe Biden for president Tuesday, its board unanimously voting to throw its support behind the Democratic ticket. The Teamsters’ announcement comes after two other major union endorsements this week…
Robin Williams Daughter OWNS Eric Trump Over Idiotic Tweet Of Her Father Roasting Joe Biden
First off, I want to say that Robin Williams has been and will forever be my all time favorite comedian. I grew up loving and idolizing Williams as both a performer and a person and the day he took his life and I teared up heavily. He truly was a wonderful man who brought the…
AL-Sen: Tommy Tuberville (R) Says $600 Unemployment Benefit Was “Way To Much” Of A Boost
Asshole: Tommy Tuberville, the Republican Senate nominee in Alabama, said on Tuesday that the recently expired $600 coronavirus unemployment “was way too much” during an interview on “Alabama's Morning News with JT.” Tuberville, who recently won the Republican primary and is challenging incumbent Democratic Sen. Doug Jones, claimed Alabamians are not working because “they're making…
U.S. GDP posts biggest ever slump in second quarter near 33% plunge as Trump jabbers election delay
Pay no attention to another Trump attempt to violate the Constitution like a sex slave. The #TrumpVirus begat a #TrumpSlump. x It worked. Trump’s nonsense talk about delaying the election dominated the very few reporter questions Trump allowed at his briefing. That was exactly what Trump wanted. Nothing about the worst collapse of GNP in…
Is it rude to throw this quote from Trump's 2015 campaign launch back in his face?
I vividly remember Donald Trump’s campaign kickoff speech at Trump Tower on June 16, 2015 — a day which will live in imbecility. I recall that Trump seemed congenitally incapable of telling the truth, rode an escalator as part of what appeared to be some sort of shambolic, improptu comedy bit, and, of course, claimed Mexico was…
Anti-Capitalist Meetup: is there a “fully unexploited luxury socialism”
This week I attended (remotely) the Rethinking Economics Festival and encountered challenging pluralist discourses like a platform economy (noting that most of such work is populated by women), decolonizing the Eurocentric position in disciplines, or “fully-automated luxury communism”. I thought I’d share some resource items and make a few observations. Columbus does need to be…
Will a Senate GOP put the US back on the Gold Standard in Trump's 2nd term? #StopShelton
Judy Shelton’s candidacy for a seat on the Fed was approved in a party-line vote in the Senate Banking committee on Tuesday. All 12 Democrats on the Senate Banking Committee opposed Shelton’s nomination, making the GOP Senate majority potentially putting the 2016 Trump campaign advisor’s retrograde views onto the Fed. Because in a second Trump term, stupidity will…
WA-Gov: Gov. Jay Inslee (D. WA) Builds Momentum & Public Support For Joe Biden's Climate Plan
Received this e-mail today from former presidential candidate, Gov. Jay Inslee (D. WA), on behalf of the Progressive Change Campaign Committee in support former Vice President and Democratic Nominee, Joe Biden’s climate plan: Joe Biden Every day under Donald Trump feels like the world is falling apart. Sadly, when it comes to climate, the scientists…