It Makes Sense To Replace Trump With Bernie-- And More Democrats Are Realizing That
>
• Status Quo Joe: 22% (-3)Wednesday morning, Chuck Todd and team wrote something for NBC News that we have mostly all figured out already. "It’s Year 3 of Donald Trump’s presidency, and his behavior in office isn’t getting better. Instead, it’s getting worse... This is no way to run a country... Everyone who works in Washington knows this. Staff members at the White House know this. Top officials inside the Republican Party know this. Yet here we are."
• Bernie: 19 (+6)
• Elizabeth Warren: 17 (-1)
• Kamala: 8 (-1)
• Mayo Pete: 7 (+1)
• Beto: 3 (+1)
One reason he's getting worse? He's been told a recession is inevitable and he fears what that will do to his already cratered and cratering electability. James Hohmann wrote for the Washington Post yesterday that Trump's constant flow of "erratic, contradictory pronouncements induce whiplash. They’re also de rigueur in this administration. This is a feature, not a bug, of Trumpism. During his first 928 days in office, Trump made more than 12,000 demonstrably false or misleading claims. Our Fact Checker has documented them in a database… There are dozens of separate examples of the president’s spokespeople-- predating Gidley and Grisham-- saying something adamantly, only to have the president cut their legs out from under them later in the day. Why would you take anything they or the president say at face value? This behavior is riskier in challenging economic times. When the business cycle turns, the wherewithal of our system depends on people having as much confidence and certainty as possible. Trump and his White House flacks inspire neither feelings of confidence nor certainty. Trump’s penchant for contradicting himself and his aides, as well as changing his mind hastily, which together fuel the credibility gap, would be problematic in a financial crisis. Investors want a steady hand on the ship of state’s tiller. That’s how you prevent runs on the banks, freefalls in the stock market and freezes in business investment."
Yesterday, the Wall Street Journal Kate Davidson had more economic news for Trump that would further unhinge him, that his reckless, irresponsible policies are causing deficits to rise faster and deeper than anyone expected. "The agency increased its forecasts for deficits over the next decade by $809 billion, to $12.2 trillion, in updated budget projections released Wednesday. The increase primarily reflects higher federal spending under the new budget deal, partly offset by lower projected interest rates. CBO said the new agreement, which increased spending roughly $320 billion over the next two years above previously enacted spending caps, will add roughly $1.7 trillion to deficits between 2020 and 2029. That reflects CBO’s assumption that federal spending will continue to grow at the rate of inflation after 2021... Overall, CBO said government debt as a share of the economy is expected to rise from 79% this year to 95% in 2029-- up from 92% when the agency released its 10-year forecasts in May." Trump was looking for the Greenland purchase to be his legacy, not this.
“The nation’s fiscal outlook is challenging,” CBO Director Phillip Swagel said. “To put it on a sustainable course, lawmakers will have to make significant changes to tax and spending policies-- making revenues larger than they would be under current law, reducing spending below projected accounts, or adopting some combination of those approaches.”
Lawmakers have shown little appetite, however, for reining in federal spending or raising taxes, and investors are unfazed by the government red ink.
The latest projections come as White House officials are considering potential stimulus measures that would help cushion the U.S. economy from a potential downturn but would likely add billions more to government debt.
Risks of a deepening economic downturn appear to be rising abroad and could be spreading to the U.S. economy.
...[D]eficits as a share of the economy have been rising in recent years despite an uptick in economic output, and annual deficits are on track to eclipse $1 trillion in fiscal 2019, which ends Sept. 30. Although government receipts have begun to pick up 18 months after the 2017 tax cuts took effect, they haven’t kept pace with rising federal spending or broader economic growth.
The Treasury Department said last month it expects to borrow more than $1 trillion for the second year in a row.
And that ain't all-- on every foreign policy front he's been equally undependable and... well... deplorable. Yesterday, reported Nikolaj Skydsgaard for Reuters, "Danes voiced shock and disbelief" when Trump cancelled his state visit to their country after his absurd proposal to take over Greenland was turned down flat. Prime Minister Mette Frederiksen, a center-left Social Democrat was defended across the entire Danish political spectrum, even by the Trumpest neo-fascist People's Party. Another opposition party leader, Morten Ostergaard, of the conservative Social Liberal Party said Trump's behavior "shows why we now more than ever should consider (fellow) European Union countries as our closest allies. The man is unpredictable. Reality surpasses imagination."
Democratic voters who are looking for a real antidote to Trumpism are increasingly turning to Bernie. He's running on a platform that would require the wealthy to start paying their fair share-- which is extremely popular-- and to stop wasting money on ineffective policies and expensive vanity projects that defines Trump's 3 years in office. Bernie's plans are the real pro-growth kinds of investments-- in education, health, infrastructure, housing, etc-- that build a strong and more equitable country. That 6 point uptick is not just some kind of quirk.
Labels: 2020 presidential election, Denmark, Trump economy, Trump Recession
posted by DownWithTyranny @ 5:00 AM
4 comments
|
Reddit
4 Comments:
The banner about changing congress is relevant. But not just change the who, change the what (democrap party) would be required.
Stimulus may have to be applied, true. But what? The obamanation STIM was grossly inadequate and mis-targeted (tax cuts?) which did almost nothing to ameliorate the 2008 great recession. It took all of obamanation's 8 years for the private sector to organically "recover", though 6 million middle-class wage jobs were lost forever. Whenever the private sector has the opportunity, higher-wage jobs go poof and are replaced by a slightly larger number of mcjobs. that's capitalism. that's America.
Taxes will have to be raised on the rich and on other things like wall street transactions. But the $20+ trillion in wealth slathered on the already wealthy for 40 years must also be taxed.
Now ponder this: all tax increases must originate from and pass the house. All spending bills also. Can you imagine Pelosi and her crippling political cowardice ever doing any of these? Can you imagine ANY democrap speaker and his/her party's crippling political cowardice doing any of these things... EVER?
And that says nothing of the senate democraps, their crippling political cowardice AND their antidemocratic practices (filibuster, individual holds...).
AND all of this is apart from the democrap party's corruption and incompetence, which itself will preclude any and all of this.
And, as we've seen, then there is the supreme nazi court. Everything passed that the money doesn't like can and will be deemed unconstitutional.
So... do elect Bernie (if you can, considering the dnc's fixing of the convention). But do NOT expect anything to change. You'll still have the same democrap party, the same Pelosi (and heirs), the same scummer (and heirs) and the same courts.
Again, your labels are lies. trump is a consequence of his petri dish. He's not the cause.
the crappy economy is AMERICAN. When, not if, it results in another capital correction exercise (moving lots of it from the bottom to the top), aka recession, it will be an AMERICAN/CAPITALISM exercise.
The only difference between clinton and Reagan and between obamanation and bush was timing. In point of fact, the lege that led to the crash belongs to clinton. the failure to structurally change anything that shall lead to the next capital redistribution belongs to obamanation. In both cases, their party was part and parcel to their failures.
The difference between the next dnc opportunist and trump will be timing. there will be no structural changes. and the next redistribution will be a decade or so after the end of the coming one.
This post ignores why things are the way they are: the corporate donors who own the elected officials who do all they can to work against the common welfare in favor of private profit. Limiting private money in politics is the key, but with the courts stacked with corporate hacks, even if legislation is successfully passed, it can all be overturned by one such hack and tied up in the corporate courts for years.
That this would be the case is not a secret. I remember thinking this would happen once Reagan began bragging that this is what he was going to do. Both parties -already under the sway of big money- did all they could to help the process along.
I don't know that this can be fixed in time. The global economy teeters toward disaster. Major warfare could break out at any moment, and Kashmir is but one location for eruption. And Mother Nature is coming - and she's pissed!
And we humans think of ourselves as intelligent. We're proving daily we are not.
I agree with your meme Howie Congress definitely needs a change & it starts with Pelosi McConnell & Schumer
Post a Comment
<< Home