Who would expect this from the leader of a pro-business political party:
Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond! – Donald Trump, 10:08 AM – 9 Jul 2018
It’s easy to agree that there are much cheaper drug prices in other countries. Trump didn’t mention that we now see medicine manufactured in China, as well as India – just to save a few pennies on a bottle of drugs that costs hundreds, or even thousands of dollars here.
Yet, the charge that drug firms take advantage of the weak and powerless would seem unfair, until we examine what appears to be callous behavior by drug execs.
The following tale of so-called success in reducing drug use among the elderly shows how drug firms can evade, avoid and continue to make billions from seniors’ prescriptions. Continue reading →
Trump keeps his enemies close, friends distant – the result confuses everyone, including his base voters
The average American could care less who is the President or which party has control of Congress, but everyone who watches the news is confused about what Donald Trump really believes.
The only sure and consistent Trump initiative has been the 2018 Budget to cut taxes for big corporations – dropping their income tax support of public services from 35% to 21% of profits, and introducing a territorial system so that U.S. companies’ overseas earnings will be taxed at 0%. On the other hand, retirees will continue to pay income tax on their earned Social Security benefits.
Attribute that business subservience to the appointment of financiers Steve Mnuchin, Secretary of the Treasury, and Gary Cohn, National Economics Council Director. How could either of these fat cats promote campaign promises to rid us of Wall Street influence? Continue reading →
Just read another article about Russian collusion, this one on Monday in Vox about why there might, possibly, circumstantially be something dangerous or suspicious in past contacts between the Donald Trump Presidential campaign or its members or associates and anyone who ever knew or worked for Vladimir Putin.
It’s tiring to read the same old litany about why Trump beat Hillary Clinton, and you might conclude “what difference, at this point, does it make,” as she once noted.
But it does make a big difference to the giant in the room – China!
Xi Jinping, anointed China’s lifelong leader, is suddenly smiling in his noodles, as America’s media seem to be continually chasing ghosts, while our country is burglarized. Continue reading →
During his Saturday campaign rally in Washington, Michigan, the “Hire America” President Donald Trump said that the U.S.A. unemployment numbers were so good that it was now possible to allow many more guest workers into the country to work the fields and take millions of other jobs. The audience gasped and then was silent.
It reminded voters, some who vigorously supported Barack Obama, of how that progressive candidate promised to reform the finance cartel, but then appointed nearly everyone from Wall Street to the Cabinet and highest councils.
And many may have recalled the first George Bush’s lip-reading campaign promise of “no new taxes.”
Or FDR’s pledge in the 1940 election to not send “our boys” into a European War.
I always thought it was a choice of two scenarios: some Presidents change their mind and some lie. But now there is the third possibility – that the President doesn’t have a clue about what he is saying. Mr. Trump, are you listening carefully? Continue reading →
How does a 100% tariff only increase the real price of a pair of prescription $600 eyeglass by only $15?
What does President Donald Trump’s tariffs on $50 billion worth of imports from China actually mean, and how will this affect you?
The ministers of mainstream media have received their talking points from the same lobbyists who control Congress, and they are using scare tactics on the public.
“A 25% tariff on a product will raise the cost of needed goods by a third, hurting the American consumer,” one son of a billionairess announced.
“We will have shortages of needed goods,” a genius two years out of college lamented.
“There will be a trade war, like the one that caused the Great Depression,’ a fellow with a bad wig grumbled.
The last point first. The Great Depression and crash of the stock market was in 1929. The Hawley–Smoot Tariff act was passed in 1930. The Depression was the result of the greatest economic inequality in our history – until today. The Crash was not caused by tariffs enacted after the fact by the unfettered administration of GOP president (Herbert Hoover). Continue reading →
President Donald Trump must have been distracted, while rubbing his gold-plated putter, when the Cabinet and the West Wing top birds were being anointed, because only golf daydreaming easily explains:
- H. R. McMaster, James Mattis, Rick Perry and Wilbur Ross – Bilderberg Group participants.
- Gary Cohn, Dina Habib Powell and Steven Mnuchin – Goldman Sachs
- Rex Tillerson – Exxon-Mobil
- Kenneth I. Juster – Trilateral Commission
These officials are all establishment globalists, and Trump campaigned as a populist nationalist. Each appointee should be considered a slippery swamper, and because of that, some are now out of office or headed that way. Continue reading →
Rich or poor, religious or not, every leader of every Southern state in 1860 opposed tariffs and embraced slavery. In the North, where there was no slavery, everyone favored tariffs to protect both American industry and wage earners from unfair foreign competition.
Today, Paul Ryan, Cato Institute or Heritage Foundation invariably promote cutting Social Security, Medicare, Minimum Wage, in fact they despise anything that helps the middle class. On the other side, CNN, Paul Krugman, WAPO and the New York Times say they oppose cuts to these necessary programs.
So, what’s happening here. Why are the leaders of the far left and far right joined together to fight against America seeking fair trade through fair tariffs? Continue reading →
House Speaker Paul Ryan’s new tax law will save less than $9 a week for most working Americans, and many may receive cuts as little as $2.70. Meanwhile, a $1 million filer will gain $628 a week. The GOP plan smells like a few peanuts for the middle class and the elephant’s share of the tax cut designated for the very rich.
Current law now taxes a married couple for every dollar earned that exceeds $24,000 a year. Last year’s tax floor was $20,800, or a difference of $3,200.
Anyone earning exactly $24,000 in 2018 will save income tax of 10% of that $3,200, or $6.15 a week, versus last year.
What do you do with this $6.15 tax cut? If you are taking Xarelto for heart problems, as millions do, your tax bonanza won’t cover that drug’s $80 a month increase, or offset higher gas prices, or, or…
But what would have happened if candidate Donald Trump’s original tax plan had been adopted? Continue reading →
Trickle, trickle, fools we are, to trust the rich, now flush with cash, will share with us their bounty
The inlaid walnut table in the corporate boardroom held 12 on either side and two or three at each end, and the execs were all perched, prepped to pounce, when I dragged in my 2001 budget – 1015 pages of spreadsheet and other sheet.
As division CEO of a NYSE-listed publishing company with nearly a billion dollars sales, my pitch was explain how I would increase sales, restrain costs and improve the value of the newspapers I published.
What could go wrong? In the past year sales were up, but more important, the bottom line jumped from about a $200,000 loss to an $860,000 profit before taxes.
Since most of my employees were salaried – meaning they worked long hours without overtime compensation – my proposed budget included a four percent average pay increase. That four percent, I was told, was a big mistake. Continue reading →