1. An Introduction To, And A Basic Overview Of, The Fake Economics Republicans Push
2. Ronald Reagan's Policies Began The Destruction Of The Middle Class & The Constitution
3. BREAKING... The Misunderstood Economy: What Counts and How to Count It OR Real Economics VS Fake Economics: How The Kochs Are Destroying America By Attacking Its Societal Structures In Favor Of Social Darwinism Or "Survival Of The Fittest"
4. Supply Side Economics: Do Tax Rate Cuts Increase Growth and Revenues and Reduce Budget Deficits ? Or Is It Voodoo Economics All Over Again?
Trump's economic strategy (tax plan) is the same package of lies and misinformation the GOP and Fox News ALWAYS push, i.e. they say "this is a new economic plan that will help the country" and then push the same bull that they have used to destroy the economy in the past (as Jon Stewart explained before). This post updates and summarizes the GOP's lies on economics.
TRUMP PERFORMS A TAX MIRACLE (ALLEGEDLY) 9/28/2017Even though President Trump claims his tax plan would help the middle class, Trevor finds out that the president and corporations would be the real beneficiaries.
Update of economic debunking of ongoing GOP lies & economic treason;
How the Republican Party Has Conned America for Over 30 Years Tax cuts initiate bubble economies, not true growth.
"[T]o attain any success it is quite clear that the Federal government cannot avoid or escape responsibilities which the mass of the people firmly believe should be undertaken by it. The political processes of our country are such that if a rule of reason is not applied in this effort, we will lose everything--even to a possible and drastic change in the Constitution. This is what I mean by my constant insistence upon 'moderation' in government."Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid."
The nation of Greece may be the cradle of democracy but these days it's getting a harsh lesson in its limitations. Right now, streets are filled with protesters but there are no lines at ATMs because the banks are all closed. Everyone is waiting to see what's going to happen when the people vote this week-end on a referendum that will decide, essentially, if the country is going to remain in the Euro and accept the ongoing edicts of "the troika" or if it's going to "Grexit. 9≥ " (The troika is the European Commission, the European Central Bank, and the International Monetary Fund which has been lending the the country money for the past five years on the condition that it engage in the metaphorical human sacrifice of its citizens.)
MSNBC’s Velshi and Ruhle: Neither “legitimate economists” nor “recent history” back up ideas behind Trump’s tax plan Ali Velshi: "We have to note that this tax cutting is based on an unsupported assumption that doing so will somehow speed up the economy at such a rate that there will not be any increase to the deficit"
Robert Reich: Donald Trump & Jeb Bush Plans Would Slash Taxes for the 1 Percent
On the campaign trail, Republican candidates are proposing massive new tax cuts for the rich despite growing economic inequality across the country. On Monday, Donald Trump unveiled a plan to lower the income tax rate to the lowest level since 1931, cut corporate taxes and abolish the estate tax. Meanwhile, former Florida Governor Jeb Bush has proposed broad tax cuts for individuals and corporations as part of his economic plan. Under the plan, Bush himself would save millions of dollars in taxes. We speak to Robert Reich. He served as labor secretary under President Clinton and is a professor at the University of California, Berkeley. His newest book is “Saving Capitalism: For the Many, Not the Few.”
Fox News does its propaganda marketing to push the lies (lying to push thier leaders agenda, no matter what it is, seems to be the Fox News mandate)...
Fox & Friends casts Trump as "Robin Hood" amid reports he may refresh tax agenda Stuart Varney: Rumored Trump tax proposal "a complete reversal of everything you have ever thought about from the Republican Party"
Charles Gasparino: The middle class doesn't pay a lot of tax, so we should cut taxes for the richGasparino: "It sounds good to say let's do a middle class tax cut" but "they don't pay a lot of the taxes"
Fox host: Democrats are afraid of tax reform because the economy will grow so much that they won’t win any elections Brian Kilmeade: "Do you think there might be on some level a fear among Democrats that if tax reform is passed for America, the economy will grow at such a rate it will be impossible for them to win an election?"
MSNBC cuts from Trump's speech on tax reform to remind viewers he's a hypocrite Stephanie Ruhle: "I have to say they're stunning to hear the president talk about the honor and beauty of American-made craftsmanship where we have to remind you, both the president and his daughter ... do not make any of their products in the United States"
MSNBC hosts offer a perfect cable news template for covering Trump’s tax cut charade Ali Velshi and Stephanie Ruhle dismantle arguments that Trump plan will benefit the economy
The hosts then brought in CNBC correspondent John Harwood to discuss the tax plan, where he, too, stressed that the Trump plan “is simply not a tax proposal that is geared toward the middle class” and reminded viewers that Trump’s strategy resembles the failed tax cuts enacted by President George W. Bush. Obama administration press secretary Josh Earnest joined the conversation, concluding the segment by noting that none of Trump’s rally goers are motivated by reduced taxes for the rich and corporations:
After thoroughly dismantling the Trump administration’s tax agenda, the program turned to conservative policy analyst Michael Strain of the American Enterprise Institute (AEI), who also noted that the plan, as it stands today, would be unlikely to fulfill Trump’s promises of increased economic growth and would end up adding to federal budget deficits. At the end of the segment, Earnest once again noted the “internal inconsistency” at play when Trump, after recently arguing the rich don’t need a tax cut, proposes a plan that gives them one:
Even Fox’s Chris Wallace is pointing out “there is no evidence tax cuts pay for themselves”
On MSNBC, economist Jared Bernstein dismantles Trump administration excuses for ending DACA Bernstein: AG Jeff Sessions' economic arguments for destroying DACA "veered from misleading into lie"
Economist Jeffrey Sachs slams Trump's "unbelievable" and "shambolic" tax agenda Sachs: "This is Donald Trump trying to end the estate tax so he can pass along his wealth to his children"
Taxes are higher than ever! Whites face discrimination! How do we combat alternative reality?Conservatives’ false beliefs about race and economics are related — understanding how is crucial to defeating them