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Bill USA

Profile Information

Member since: Wed Mar 3, 2010, 04:25 PM
Number of posts: 6,163

About Me

Quotes I like: "Prediction is very difficult, especially concerning the future." "There are some things so serious that you have to laugh at them.” __ Niels Bohr Given his contribution to the establishment of quantum mechanics, I guess it's not surprising he had such a quirky of sense of humor. ......................."Deliberate misinterpretation and misrepresentation of another's position is a basic technique of (dis)information processing" __ I said that

Journal Archives

How Republicans Justify Unlimited Trump Corruption - (it's going to be the most corrupt admin ever)


http://nymag.com/daily/intelligencer/2016/12/how-republicans-justify-unlimited-trump-corruption.html


~~

Republicans have mostly dealt with Trump’s conflicts by ignoring them altogether. Darren Samuelson moves the ball forward by asking many of them why they’re okay with a president leveraging his position for personal benefit. Some of them simply argue it is too soon to take any steps. “I take anything in the Constitution very seriously. I don’t want to leave any misinterpretation to you,” says House Majority Leader Kevin McCarthy. “But I’m just saying, he hasn’t been sworn in yet.” Republican strategist Chris Wilson sneers, “If there was a situation that came up in which later there was a true conflict of interest, that created a dangerous national security situation, the problem is now nobody would believe them … They’re just jumping into it so quickly and on such a stupid issue that it’s almost embarrassing to watch.”

The notion that Trump’s conflicts of interest represent some hypothetical future case that may or may not arise is bizarre. For one thing, his unprecedented lack of transparency means the full extent of his financial interests will not be known to the public. If business leaders were giving Trump and his family stock or gifts in return for favorable policy, we would have no way to know. For another, a president-elect has power; since everybody knows Trump will become president soon, they have no reason to wait before ingratiating themselves with him. And even without public disclosure, reporters have already uncovered numerous conflicts of interest. Jeremy Venook has collected a dozen, a list that is already out of date.

Jason Chaffetz, chairman of the House Oversight Committee, scoffs at requests for hearings about Trump’s conflicts of interest. “It is a little ridiculous to send me six letters before he’s even been sworn in to go on, essentially, fishing trips,” he tells Samuelson. “That’s not what we do.” In fact, it’s exactly what they do. Before the election, Chaffetz boasted of his plans to line up investigations into Hillary Clinton’s conduct: “Even before we get to Day One, we’ve got two years’ worth of material already lined up.” Some of the Chaffetz’s investigations had centered on conflicts not remotely as shady as those already involving the president-elect. Chaffetz referenced a $12 million donation from Morocco to the Clinton Foundation in 2014. The conflict here lay between Hillary Clinton’s hypothetical future power as president — which, in fact, she never acquired — in return for a donation to a charity. Chaffetz considered this a scandal worth investigating. Meanwhile, Trump is making money personally — not through a charity associated with his name — on the basis of powers he is actually, not hypothetically, scheduled to assume.

A more blunt defense of Trump’s kleptocracy comes from Newt Gingrich, who once brought Republicans to power by railing against Washington corruption, then settled into a life of influence-peddling, and has already cashed in on his connection to Trump. “In a pre-Trump world dominated by left-wing ideas,” Gingrich tells Samuelson, “anyone successful is inherently dangerous and should be punished for trying to serve the country.” The dangerous left-wing idea that the president should not enrich himself in office has attracted advocates including such radical socialists as George W. Bush’s former ethics lawyer. That anti-success ideology is now gone, and the United States is free to follow the example of pro-market governments like Uzbekistan, where the president can mix governing and massive personal enrichment as he sees fit.

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No Joke, Trumps New Slogan Is The Same One From The Purge

http://www.huffingtonpost.com/entry/trumps-new-slogan-is-from-the-purge_us_587f928ee4b0cf0ae8810f52


Yeah, Trump’s new slogan is literally the same exact one used in the fittingly titled horror movie “The Purge: Election Year.”

(You really can’t make this stuff up.)

Actually, the movie basically made the slogan as a way to troll Trump. While discussing the film, star Frank Grillo told Comicbook.com:

“In the beginning when we shot the movie it wasn’t called Purge: Election Year,” Grillo reveals. “Oddly enough, the guy who plays the President in the movie, he plays him like Trump - totally by accident. There’s a lot of parallels between the GOP race and the movie and the messages that are being put forward and then Universal got this great idea to call it Purge: Election Year.”
And now, the president-elect wants to use the slogan from the film as his own:



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Some say what worries them about DT is they don't know what he will do next. That's not what bothers

me. What does worry me is that TRUMP doesn't know what he will do or say next!


Long in the market? Still time to get out, b4 nxt TrickleDownDereg disaster

... I really am not one to offer investment advice. I don't think any of the old saws about timing (okay, '...Go away in May' is pretty good) are that reliable, but one thing that is reliable, is when the GOP takes the WH and in particular also controls Congress, you can expect the economy and market to take a beating. Now, it could take a couple of years of cuts in taxes for the wealthy to show up in moribund consumer spending, and diminished growth and job creation, but considering what a screw-ball-idiot DT is, he may shake the markets sooner. If you want to gamble though, the idiot stock traders will likely drive up the market for a time - maybe two years. But if you want to be safe, I'd say get out NOW.

IF you want to go for gains, instead of just protecting your principal, then you might want to consider buying an ETF that shorts the market.


http://www.tradermike.net/inverse-short-etfs-bearish-etf-funds/

Warren: "When Mnuchin makes a mistake, he asks forgiveness. For his customers, he takes their homes"

http://usuncut.com/politics/elizabeth-warren-steve-mnuchin-tweet/




When Mnuchin makes mistakes on complicated paperwork, he asks for forgiveness. When his customers made mistakes, he took their homes.

— Elizabeth Warren (@SenWarren) January 19, 2017

Sherrod Brown wants FBI to release info on Trump Treasury Sec pick, Steven Mnuchin

http://www.dispatch.com/news/20170118/sherrod-brown-wants-fbi-to-release-info-on-trump-cabinet-pick


WASHINGTON - Sen. Sherrod Brown asked the FBI today to release information on an investigation into a media company whose board of directors included U.S. Treasury Secretary nominee Steven Mnuchin.

Brown sent the letter to FBI Director James Comey after MuckRock, an open records platform, requested information from the FBI on records tied to Mnuchin's companies. The FBI refused to release information about Relativity Media, on whose board Mnuchin served, saying releasing the information could "interfere with enforcement proceedings."

Brown, a ranking Democrat on the Senate Banking Committee, said it's "in the public's interest" for the FBI to release information on Mnuchin and Relativity.

"The job of secretary of the treasury is among our nation's most important," he wrote. "If Mr. Mnuchin is to be confirmed for that position, we must ensure that his ability to do the job of overseeing American finance and trade in a manner befitting that office is in no way compromised."
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Trumps Economic Cabinet Picks Signal Embrace of Wall St. Elite

For those who bought the meme of Evil Hillary as WS's friend, now you get to see REAL crony fascism in the flesh - this is not GOP propaganda:



https://www.nytimes.com/2016/11/30/business/dealbook/trumps-economic-cabinet-picks-signal-embrace-of-wall-st-elite.html?action=click&contentCollection=Business%20Day&module=RelatedCoverage®ion=Marginalia&pgtype=article


(click to see video: Trump's picks for Treasury and Commerce)
“The No.1 problem with the Volcker Rule is it’s too complicated and people don’t know how to interpret it,” said Steven Mnuchin, Donald Trump’s pick for Treasury. By CNBC on Publish Date November 30, 2016. Photo by CNBC. Watch in Times Video »

In a campaign commercial that ran just before the election, Donald J. Trump’s voice boomed over a series of Wall Street images. He described “a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations.”

~~
~~

With Wednesday’s nomination of Steven Mnuchin, a Goldman trader turned hedge fund manager and Hollywood financier, to be Treasury secretary, a new economic leadership is taking shape in Washington.


Mr. Mnuchin will join Wilbur L. Ross Jr., a billionaire investor in distressed assets, who has been chosen to run the Commerce Department, and Todd Ricketts, owner of the Chicago Cubs, who has been picked to be deputy commerce secretary. All are superwealthy and to be overseen by the first billionaire president in United States history.

That two investors — Mr. Mnuchin and Mr. Ross — will occupy two major economic positions in the new administration is the most powerful signal yet that Mr. Trump plans to emphasize policies friendly to Wall Street, like tax cuts and a relaxation of regulation, in the early days of his administration.

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with ACA repeal, tax cuts worth more than premiums for 800,000 people in 20 states - CBPP

http://www.cbpp.org/research/federal-tax/aca-repeal-trump-tax-plan-and-ryans-better-way-tax-plan-all-fail-mnuchin-test

Republican lawmakers’ planned bill to repeal the ACA is expected to resemble the repeal bill that President Obama vetoed in January 2016. This approach would cut taxes for the richest people in the country while eliminating premium tax credits for low- and moderate-income people that help them buy health coverage in the health insurance marketplace and thereby afford to go to the doctor.

Households with incomes above $1 million would receive tax cuts averaging $57,000 apiece in 2025, reaping 53 percent of the net tax cuts. The bulk of the tax cuts for high-income filers would come from eliminating two ACA Medicare taxes that fall only on high-income filers: the additional Medicare Hospital Insurance tax of 0.9 percent on earnings over $250,000 a year ($200,000 for single filers) and the Medicare tax of 3.8 percent on the unearned income of households above the $250,000 and $200,000 thresholds.

* Households with incomes above $1 million would receive 80 percent of the windfall from eliminating these two taxes, TPC estimates.

* The top 400 households, who had average incomes of $318 million in 2014, would receive about $7 million apiece, on average, CBPP estimates based on IRS data.


Not only would the highest-income households receive large tax cuts, in clear violation of the Mnuchin test, but people making between $40,000 and $50,000 would face an average tax increase of $100, in large part from the elimination of the premium tax credit. Seven million low- and moderate-income families would lose premium tax credits worth an average of $5,700 in 2025.

The total tax cuts for the Top 400 as a group just from repealing the ACA’s two Medicare tax provisions would exceed all of the premium tax credits for 813,000 low- and moderate-income people in the 20 smallest states and Washington, D.C. (see Figure 1).




(much more)

making America Break again: DT's Trickle Down economics will cost economy $1 Tril, 4 mil jobs lost

http://money.cnn.com/2016/09/14/news/economy/donald-trump-economic-plan-1-trillion/


His presidency would cost the U.S. economy $1 trillion over the next five years, according to Oxford Economics, a British forecasting firm with offices in the United States.

The analysis comes ahead of Trump's big speech on Thursday at the Economic Club of New York, where he's expected to offer more clarity on his economic policy promises.

Oxford Economics found that if fully implemented, Trump's economic, tax and immigration policies would cost 4 million U.S. jobs, weigh down global growth and U.S. consumer spending, and could spark a trade war with other nations.

"Combining these policies together, the impact could be significantly negative for the U.S. economy," says Jamie Thompson, head of macro scenarios at Oxford Economics.

Oxford's figures are in line with other analysis. The University of Pennsylvania's Wharton Budget Model forecasts Trump's immigration policy costing 4 million jobs and Moody's economist Mark Zandi -- a Clinton supporter -- also forecasts a similar job loss under Trump.

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Chicago bar hosting Trump-Free Friday will donate drink sales to Planned Parenthood

http://www.rawstory.com/2017/01/chicago-bar-hosting-trump-free-friday-will-donate-drink-sales-to-planned-parenthood/


A Chicago bar and restaurant will hold a “Trump-Free Zone” during Friday’s inauguration of the president-elect so city residents can avoid the peaceful transition of power to the Trump regime over a few drinks, DNAInfo reports.

If drinking through the inauguration wasn’t enough of a draw for Chicagoans, the bar added that it would donate a percentage of drink sale revenues to Planned Parenthood.

In a post on Facebook, Hopleaf Bar wrote, “This Friday may be an occasion where you’ll want to take a drink or two. With No TVs & No Screens, Hopleaf is a Trump-Free Zone. On Inauguration Day we’ll be donating 10% of the day’s drink sale revenues to Planned Parenthood.”

Residents of Chicago have planned a series of rallies and protests across the city on Friday, including outside the Chicago Trump Tower. Another group is holding an all-day strike calling for walk-outs from work and school, and no shopping.
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