« Last post by Old Rabbit on April 27, 2017, 09:53:08 am »
Yes Trump wanted something to brag about at his big Ralley this
weekend. Gotta get those cheers to feed that big ego of his.
Trump day 97
Our man Trump laid out a one page tax plan. It's just an outline but
enough to show it's a big tax cut for Trump and his billionaire friends.
Also allows the very rich to give much of their wealth to decendants. A
term for that is "Old Money" It is bad for regular people in that it
keeps a lot of money in the hands of a few people instead of spreading
it out into the economy.
Trump like the GOP are claiming big business will create more jobs if they
have more money. Well "Trickle down economics doesn't work." It just makes
rich people richer and the middle class poorer.
Trump had his senate meeting today. It was obviously a photo op trying to
show he is doing more than he really is. Most senators were discusted by
being dragged to a meeting where they learned little or nothing.
Trump, and the GOP is pushing a new health plan that would allow states
to set up plans that would cost people with health problems a lot more
money. Also even to let emergency rooms turn people away that can't pay.
This plan is even more draconian than their previous plan. Appearently
trying to get support from the Tea Party extremists.
If Trump has his way the people who voted for him will likely end up
worse off than they were in 2016. Less health care, and paying more for
it. working harder to make the rich richer. It's likely we will have more
soldiers fighting in the middle east. Perhaps even in Korea at the rate
things are going.
Trump has failed to hire enough people to run the state department. The
one agency that can prevent wars. To work with other countries and their
people. If a disease pops up somewhere that could spread around the
world. Like the Obola break out in africa a few years back. The state
department works to send aid and health care trying to stop such events.
Nafta will stay. Trump agreed to keep the trade plan with Mexico and
Canada. Another flip by Trump who campaigned against it.
Will the GOP do the job the constitution requires? Or will they continue
to make excuses to keep from finding Trump or his people guilty of
anything. If that is the case only the voters can correct it.
If the GOP vote to take health coverage away from millions of people
they will likely be needing new jobs in 2019.
If the GOP tries to pass Trumps tax cut that is designed to make the
rich even richer including Trump. The Democrats can put a stop to it
since it would need 60 votes to pass. Trump calls it tax reform, but
it's nothing but a tax cut when the deficit is growing bigger every day.
The GOP complains when the democrats spend money for social programs,
but they turn around and want to give money to the rich who have more
than 99% of working people have or ever hope to.
Real estate prices are shooting up. I hope the banks don't repeat the same
thing they did prior to 2008 recession by making too many high risk loans
to people speculating on real eastate. At the time house values were
climbing fast. A person could buy a house and sell it for a big profit in a couple years.
Trouble is people were betting on price increases to pay the loans,so when
the real eastate bubble burst thousands of loans went unpaid. Others ended
up with homes that dropped in value so much they couldn't refinace for
gor enough money to keep the home. So the tax payer had to keep the banks
from going under. With less regulations on banks they might do it again.
Trump among other real estate mogals made a killing picking up repossesed
homes for half their value.