Feed your mind
571 views | +0 today
Follow
Feed your mind
Articles to inform, and challenge
Your new post is loading...
Your new post is loading...
Scooped by Watch and Think
Scoop.it!

Donald Trump’s first big economic blunder: Beneath the noise and bluster, Carrier’s a disastrous deal

Donald Trump’s first big economic blunder: Beneath the noise and bluster, Carrier’s a disastrous deal | Feed your mind | Scoop.it
Let’s be clear. Indiana taxpayers will be handing Carrier millions of dollars in corporate welfare, in exchange for outsourcing 1,300 jobs to Mexico. In other words, to paraphrase Trump’s own zinger, Trump is building Carrier factories in Mexico and making Indiana pay for it. If we follow the money, we discover that Donald Trump himself owns a small financial stake in United Technologies, Carrier’s parent company (PDF, page 45). It’s one of many conflicts-of-interest hanging like an orange albatross around Trump’s neck.
Watch and Think's insight:
Share your insight
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

How Donald Trump Is Connected to the Flint Water Crisis

Flint, Michigan still does not have clean drinking water.


Now, President-elect Donald Trump -- whose campaign stump speech included a crude joke about the city's water crisis -- has tapped one of the people responsible for the crisis to join his Cabinet.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

There's Already a Big Gap Between Trump's Promises to the Middle Class and His Policies

During his campaign, President-elect Donald Trump promised that he would take the side of American workers against economic elites when evaluating policy. Yet, the policy proposals he put forth during the campaign had nothing in them that would actually help working- and middle-class Americans. Now that more plans and potential cabinet appointments are coming into focus, it looks worse than many of us thought even before the election. Across a broad range of crucial issues, the incoming Trump administration appears likely to betray the promises he made to the American middle class. Here’s a rough sketch of how.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

An Insider's View: The Dark Rigidity of Fundamentalist Rural America

The real problem is rural America doesn’t understand the causes of their own situations and fears and they have shown no interest in finding out. They don’t want to know why they feel the way they do or why they are struggling because they don’t want to admit it is in large part because of choices they’ve made and horrible things they’ve allowed themselves to believe.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

There Is a Better Option Than Trump's $1 Trillion Infrastructure Plan

Helicopter money is a new and rather pejorative term for an old and venerable solution. The American colonies asserted their independence from the Motherland by issuing their own money; and Abraham Lincoln, our first Republican president, boldly revived that system during the Civil War. To avoid locking the government into debt with exorbitant interest rates, he instructed the Treasury to print $450 million in US Notes or "greenbacks." In 2016 dollars, that sum would be equivalent to about $10 billion, yet runaway inflation did not result. Lincoln's greenbacks were the key to funding not only the North's victory in the war but an array of pivotal infrastructure projects, including a transcontinental railway system; and GDP reached heights never before seen, jumping from $1 billion in 1830 to about $10 billion in 1865.


Indeed, this "radical" solution is what the Founding Fathers evidently intended for their new government. The Constitution provides, "Congress shall have the power to coin money [and] regulate the value thereof." The Constitution was written at a time when coins were the only recognized legal tender; so the Constitutional Congress effectively gave Congress the power to create the national money supply, taking that role over from the colonies (now the states).

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Break Up the Democratic Party: It’s Time for the Clintons and Rubin to Go – and Soros Too

Break Up the Democratic Party:  It’s Time for the Clintons and Rubin to Go – and Soros Too | Feed your mind | Scoop.it
Obviously, the bottom 95 Percent realize that their incomes and net worth have declined, not recovered. National Income and Federal Reserve statistics show that all growth has accrued to just 5 percent of the population. Hillary is said to have spent $1 billion on polling, TV advertising and high-salaried staff members, but managed not to foresee the political reaction to this polarization. She and her coterie ignored economic policy as soon as Bernie was shoved out of the way and his followers all but told to join a third party. Her campaign speech tried to convince voters that they were better off than they were eight years ago. They knew better!
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Abolish the Electoral College

Abolish the Electoral College | Feed your mind | Scoop.it
The Electoral College was established at the 1787 Constitutional Convention to prevent the public from voting directly on our national leader. Ostensibly, it was meant in part to protect small states from being bullied by bigger ones.

It also installed a “three-fifth bonus” that gave plantation owners a 60 percent headcount for their slaves. The ruse was counted into Congressional districting, giving the south a distinct advantage over the northern free states. That’s why every President from Jefferson to Lincoln either owned slaves or had a vice president who did.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Thomas Frank: ‘Donald Trump Is Moving to the White House, and Liberals Put Him There’

Thomas Frank: ‘Donald Trump Is Moving to the White House, and Liberals Put Him There’ | Feed your mind | Scoop.it
“What the hell went wrong” on an election night that gave the United States President Trump, asks Thomas Frank, author of “Listen, Liberal” and one of the Democratic Party’s most able critics, at The Guardian.

Trump, who will soon go about “settling scores with his former rivals, picking fights with other countries, and unleashing his special deportation police on this group and that. ... What species of cluelessness guided our Democratic leaders as they went about losing what they told us was the most important election of our lifetimes?”
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Cubs World Series Win Demonstrates Sports Teams Do Not Need Publicly Funded Stadiums

By now, the fact that stadiums are a terrible investment is as widely accepted as climate change. Not only do they not generate enough tax revenue to offset the expenditure of taxpayer funds, but the true cost to the public almost always exceeds the sticker price, and can be understated by as much as 40 percent.


Yet despite the long, documented history of stadiums saddling the public with a crushing burden of debt while delivering spectacular increases in the value of franchises to owners, those who control teams keep finding that they are able to dupe feckless politicians and a gullible public into supporting transfers from the public coffers into their own pockets.


more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Kochs Battle Dark Money Disclosure in South Dakota

The Koch network has mobilized in South Dakota to defeat the "South Dakota Accountability and Anti-Corruption Act," a state-wide initiative on the ballot November 8.


The anti-corruption measure, Initiated Measure 22 or IM-22, was launched by a bipartisan group called the South Dakotans for Integrity and put on the ballot with signatures from over 20,000 state residents.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Can the American People Defeat the Oligarchy That Rules Them?

Can the American People Defeat the Oligarchy That Rules Them? | Feed your mind | Scoop.it

Aren’t you surprised that Hillary and the presstitutes haven’t blamed Putin for FBI director Comey’s reopening of the Hillary email case? But the presstitutes have done the next best thing for Hillary. They have made Comey the issue, not Hillary.


According to US Senator Harry Reid and the presstitutes, we don’t need to worry about Hillary’s crimes. After all, she is only a political woman feathering her nest, just as political men have done for ages. Why all this misogynist talk about Hillary? The presstitutes’ cry is that Comey’s alleged crime is far more important. This woman-hating Republican violated the Hatch Act by telling Congress that the investigation he said was closed is now reopened. A very strange interpretation of the Hatch Act. During an election it is OK to announce that a candidate for president is cleared but it is not OK to say that a candidate is under investigation.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Are the Republicans Looking Toward Only Allowing Property Owners to Vote?

Are the Republicans Looking Toward Only Allowing Property Owners to Vote? | Feed your mind | Scoop.it
Some on the right simply reject the notion that more people voting is in itself a sign of civic health. To George Will, the Washington Post's influential conservative columnist, low turn­out is a sign that everything's running smoothly. When people don't vote, it's because "the stakes of politics are agreeably low because constitutional rights and other essential elements of happiness are not menaced by elections," Will wrote in 2012, perhaps not defining, say, access to health insurance as essential to happiness. Will Wilkinson, a respected libertarian writer formerly with the Cato Institute, argues that low turnout isn't just a sign of civic health, it's a cause of it. "Lower turnout sets the stage for better democracy," he has written, since "the flakiest voters—the ones least motivated to show up at the polls year in and year out—also tend to be most poorly informed."
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

A Billionaire's Fantasy Island on the Hudson: Private Glitter, Public Land

A Billionaire's Fantasy Island on the Hudson: Private Glitter, Public Land | Feed your mind | Scoop.it
One of the joys of moving to Manhattan this past spring has been the Hudson River, which flows past the front door of my apartment building. A minute's walk takes me to a biking and walking path that goes all the way (eleven miles south) to Manhattan's southernmost point, Battery Park. A richly diverse crowd of picnickers, joggers and bikers, African American, Dominican, Asian and European American, working class and middle class, revels against a background of blue water, and in the near distance you can see the graceful sweep of the George Washington Bridge. For me this is New York City at its best. I grew up in Philadelphia but have had family and friends in New York City since my childhood, so I've known it well practically all my life. It has always felt like the joyous quintessence of city living, and I suspect something in me always yearned to be here as a proud resident.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Donald Trump and the Republicans: The Art of the Steal

Donald Trump and the Republicans: The Art of the Steal | Feed your mind | Scoop.it

The most immediate issue is Trump's refusal to sell his assets and place the proceeds in a blind trust. This was a practice followed by every president in the last half century. The idea is that the president should be making decisions based on what they think is good for the country, not based on what they think will fatten their pocketbooks.


Trump's proposal in this area is essentially a joke. The idea is he turns over the operation of his empire to his kids. It's not clear how this helps at all. His kids will never discuss any business issues with him and also have no opportunity to discuss policy with their father or father-in-law?

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

How a Misinformed Tweet Was Manufactured into Major Right-Wing News

How a Misinformed Tweet Was Manufactured into Major Right-Wing News | Feed your mind | Scoop.it
A Buzzfeed News analysis found that the top 20 fake political news stories in circulation during the election got more clicks, views, shares and reactions on Facebook than the top 20 real news stories. The vast majority of those fake stories—all but three—were “overtly pro-Donald Trump or anti-Hillary Clinton,” meaning they pinged around the conservative webosphere, where they were accepted without question by millions and then passed to the next gullible consumer.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

15 Trump Flip-Flops in 15 Days

15 Trump Flip-Flops in 15 Days | Feed your mind | Scoop.it
Well, the candidate who told his supporters he likes to “tell it like it is” is now the president-elect—and he still hasn’t found a comfortable resting place on many of the issues that defined his history-making candidacy. Since his surprising election, Trump has switched his stands on everything from his signature border wall to his rather low opinion of the man he is replacing in the Oval Office. He has a way to go to before he matches the sheer volume of self-disagreement that he racked up prior to Election Day, but his batting average over his brief time as the 45th president is perfection itself—15 about-faces in 15 days.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

The Republican Deficit Hawks Abandon Their Religion

The Republican Deficit Hawks Abandon Their Religion | Feed your mind | Scoop.it

Remember all those times the Republicans in Congress shut down the government and threatened to default on the debt? The ostensible cause was the out of control deficit. Back in the day when President Obama was drafting the budget, these Republicans were arguing that the national debt threatened the well-being of our children and grandchildren. They claimed to view deficit reduction as a sacred cause.


Well, we're about to see a religious conversion of world historic size as the Republican Party, and its congressional leader Paul Ryan, convert from deficit hawks to big spenders. With Donald Trump in the White House, we're going to discover that they think large deficits are just fine.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Ship of Fools: What Trump Teaches

Ship of Fools: What Trump Teaches | Feed your mind | Scoop.it
Just as with Hillary, there’s the (fake) public position, and then there’s the (real) private position, and Trump’s betrayal of whichever working-class voters thought he would be their savior has already begun. Let’s hope they don’t cling to their illusions about him as long as foolish liberals have clung to theirs about Obama.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Trump's Dystopia Is Coming -- but It Will Destroy Itself

Trump's Dystopia Is Coming -- but It Will Destroy Itself | Feed your mind | Scoop.it

So this is what the victory of Donald Trump means.


It means that the reactionary forces of the far-right are resurgent. Trump's victory is the latest in a global trend which was previously manifest in Britain's Brexit vote, which saw Britons vote to get out of the European Union. That itself follows a growing wave of popularity for right-wing extremists across Europe.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

What Spending Time in Canada During the Election Taught Me About America

What Spending Time in Canada During the Election Taught Me About America | Feed your mind | Scoop.it
I spent a good amount of the months leading up to Election Day in Canada. I thought the distance might insulate me from the parade of nightmares that this election season has become. It did not. Canadians—at least the ones I got to know—are more informed about (nay, morbidly fascinated by) the intricacies of U.S. politics than most Americans in my milieu. It dominates their media’s bandwidth, and a large share of conversations I had with friends and acquaintances
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

The Fascist in November

The Fascist in November | Feed your mind | Scoop.it
I remember where I was when the Challenger exploded. I remember where I was when the Towers came down. I remember where I was when Shock and Awe turned Baghdad into a bowl of fire. I do believe I will also remember, to my dying day, where I was when the people of the United States elected an unabashed, bull-throated fascist to the office of the President.
more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Wall Street Spends $2.3 Million a Day to Stall Financial Reforms

Wall Street Spends $2.3 Million a Day to Stall Financial Reforms | Feed your mind | Scoop.it

Wall Street will set still another record for political spending this election cycle.


So far in 2015 and 2016, banks and financial interests have put more than $1.4 billion into efforts to elect and influence holders of national political office, according to "Wall Street Money in Washington," a new report by Americans for Financial Reform based on data compiled by the Center for Responsive Politics.


That spending total works out to more than $2.3 million a day!


more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

The tea party ruination of Kansas — Republican policies created an economic disaster

The tea party ruination of Kansas — Republican policies created an economic disaster | Feed your mind | Scoop.it

We've been chronicling the tea party ruination of Brownback's Kansas for more than two years, since soon after he enacted a slew of dramatic tax cuts in the conviction that they would unleash stupendous economic growth.


The latest evidence to the contrary comes from the Federal Reserve Bank of Philadelphia, which has just released its monthly survey of economic indices for the 50 states. The survey compiles state-level statistics on nonfarm payroll employment, average hours worked in manufacturing by production workers, the unemployment rate, and inflation-adjusted wages and salaries.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Is the Economy Growing Too Fast? Interest Rates and the Fed

Is the Economy Growing Too Fast? Interest Rates and the Fed | Feed your mind | Scoop.it

The Federal Reserve board will meet this week to discuss interest rate policy and its views on the state of the economy. It is unlikely that it will raise interest rates at this meeting, at least in part because it doesn't want to place itself at the center of public discussion just before the election. However, many members of the Fed's policy making Open Market Committee (FOMC) will likely look to lock in a rate increase at its December meeting. It will be unfortunate if they succeed.


The argument of those seeking to lock in a December rate hike is that the economy is at or near its full employment level of output. In other words, we shouldn't be looking to get the unemployment rate lower than its current level. The concern is that further reductions in the unemployment rate will put more upward pressure on wages. This in turn will translate into higher inflation.

more...
No comment yet.
Scooped by Watch and Think
Scoop.it!

Trump aggressively fought to starve the towns near his golf courses of tax revenue

Trump aggressively fought to starve the towns near his golf courses of tax revenue | Feed your mind | Scoop.it

Republican presidential nominee Donald Trump has basically admitted to avoiding paying federal income taxes for a long period of time — potentially as long as 18 years.


In his defense, he has insisted that he pays other taxes, such as those owed to state and local governments. “Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions,” his campaign said in a statement in response to documents uncovered by the New York Times that showed he may have skirted federal taxes. They kept repeating this defense even as Trump refuses to release his tax returns.


more...
No comment yet.