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COMMENTARY

His Broken Promise on the Economy Made George H.W. Bush a One-Term President – Trump’s Lies on the Economy May Do the Same

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President Donald Trump may end up a one-term president, given he seems to be walking in President George H.W. Bush’s footsteps says a former economics assistant professor in his column at Bloomberg Opinion.

Trump’s tariffs, if they all go into effect, “will amount to a $200 billion annual tax increase,” writes Karl Smith. “That’s larger than the $165 billion average annual reduction in 2017’s Tax Cut and Jobs Act.”

As it is, most Americans say they didn’t feel the Trump tax cuts, and that’s likely because they were designed to greatly benefit the wealthy – despite Trump’s lies to the contrary.

“If fully implemented, this next phase of Trump’s tariffs will cost the average household up to $1,795 per year — $495 more than the bank’s estimate of the average increase in disposable income from tax reform,” Smith reveals.

“In his 1988 campaign, Bush famously asked the public to read his lips when he promised ‘no new taxes,'” Smith writes.

It was August 18, 1988. Take a look:

“The final package included increases in both income and payroll taxes and went into effect in 1991. In the next year’s campaign, Bush had to deal with rising unemployment and withering criticism in both the primary and the general election over his decision to go back on his pledge.”

“Bush’s brazen break with Republican orthodoxy, along with a sluggish economy and broken promises, made him a one-term president. If Trump’s not careful, he may join him,” he observes.

Indeed, recession fears are spiking, it’s clear – and economists tell us – the economy is already slowing down. And just last week Trump’s own Dept. of Labor revealed the economy in 2018 produced 500,000 fewer jobs than originally thought.

Trump of course will never, ever acknowledge that he’s effectively raising taxes, because he lies habitually, cannot ever admit mistakes, and repeatedly – and falsely – continues to claim that China is paying the tariffs, which most Americans now know is a load of malarkey.

“This combination of weak growth, a rising tax burden and broken promises echoes the 1992 election. In addition, Trump is already accumulating primary challengers who will no doubt criticize him for his failure to deliver. When the Democrats pile on, it will be that much harder for the president to make his case for re-election,” Smith says.

He’s right, and it will be expensive for most Americans. And perhaps, finally, something will cost President Trump the White House.

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COMMENTARY

Marjorie Taylor Greene Cries She’s the ‘Most Attacked’ – Less Than 24 Hours After Labeling All Democrats ‘Communists’

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If it seems like it was just yesterday that U.S. Congresswoman Marjorie Taylor Greene labeled the President of the United States and in fact every Democrat in the country “communists,” it was, which is why it might seem strangely hypocritical that the Republican from Georgia minutes ago was labeling herself the “most attacked” freshman member of Congress in all of U.S. history.

“Joe Biden is a communist,” Greene declared strongly Thursday evening. “And that’s who the Democrats are – they’re communists.”

“You know, a lot of people are swallowing down the word ‘socialist,’ but that’s not a good enough word for Democrats – they are communists,” Greene told her supporters, clearly ignorant of the words’ meanings.

“That’s the word we need to keep using with them,” she continued. “Because they’re using these unprecedented, authoritarian, tyrannical controls on the American people to force people to comply.”

But Greene was singing a very different tune Friday afternoon.

“I have been the most attacked freshman Member of Congress probably in United States history,” Greene cried in a video she posted to social media. “The media has defamed me. They have completely smeared my character. Called me names and labeled me horrible things, none of which I am. None of the things they have said are true about me.”

What has been said about Congresswoman Greene in the legitimate media? Unlike her videos, there’s a high degree of likelihood it’s mostly true.

Here’s a portion of what The New York Times wrote in January:

Marjorie Taylor Greene had just finished questioning whether a plane really flew into the Pentagon on Sept. 11, 2001, and flatly stating that President Barack Obama was secretly Muslim when she paused to offer an aside implicating another former president in a crime.

“That’s another one of those Clinton murders,” Ms. Greene said, referring to John F. Kennedy Jr.’s death in a 1999 plane crash, suggesting that he had been assassinated because he was a potential rival to Hillary Clinton for a New York Senate seat.

Ms. Greene casually unfurled the cascade of dangerous and patently untrue conspiracy theories in a 40-minute video that was originally posted to YouTube in 2018.

Ms. Greene suggested in a 2018 Facebook post, unearthed this week by Media Matters, that a devastating wildfire that ravaged California was started by “a laser” beamed from space and controlled by a prominent Jewish banking family with connections to powerful Democrats. She endorsed executing Democratic lawmakers, including Speaker Nancy Pelosi. She served as a prolific writer for a now-defunct conspiracy blog called “American Truth Seekers,” writing posts with headlines including “MUST READ — Democratic Party Involved With Child Sex, Satanism, and The Occult.” And she argued that the 2018 midterm elections — in which the first two Muslim women were elected to the House — were part of “an Islamic invasion of our government.”

Ms. Greene has repeatedly claimed in multiple videos and social media posts that several school shooting massacres were “false flag” events perpetrated by government officials in an attempt to drum up support for gun control laws. In an October 2020 video surfaced on Friday by Mother Jones, she said that the “only way you get your freedoms back is it’s earned with the price of blood.”

Ms. Greene is perhaps best known for having endorsed QAnon, the pro-Trump conspiracy movement that claims that Mr. Trump was facing down a shadowy cabal of Democratic pedophiles.

That was almost an entire year ago. You’re probably more familiar with all the baseless and unfounded attacks she has made since.

Greene has made lying about and attacking Democrats part of her weekly, if not daily routine. Sometimes those attacks have been very personal – and very close. Like when she followed Parkland shooting survivor and gun control activist David Hogg around the streets of D.C. He said he felt she was threatening him. Or more recently, when she verbally assaulted U.S. Rep. Alexandria Ocasio-Cortez on the steps of Congress. That was one of her countless attacks against the New York Democrat who Greene seems disturbingly obsessed with.

But if indeed Greene is the “most attacked” freshman member of Congress in all of U.S. history, she has only herself to blame.

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COMMENTARY

First Lady Unveils White House Christmas ‘Gifts from the Heart’ Decorations – as Some Remember ‘Creepy’ Trump Holidays

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First Lady Dr. Jill Biden on Monday unveiled the White House’s 2021 Christmas decorations.

“Inspired by the acts of kindness and experiences that lifted our spirits this year, decorated rooms in the White House reflect the Gifts from the Heart that unite us all: faith, family, friendship, the arts, learning, nature, gratitude, service, community, peace, and unity,” Dr. Biden said in a social media post, which included photos.

The Hill’s Alex Gangitano posted some images from today’s tour:

In a monumental gesture of inclusiveness and spirit of bipartisanship the Bidens even included a nod to Donald Trump and Melania Trump, the former President and First Lady.

But some were quick to remember the disturbing Christmas decorating efforts of the former White House occupants:

Related:

Video of Trump Saying ‘Christmas Will Be Canceled’ if Biden Wins Goes Viral After President Refuses to Sign COVID Bill

‘Praise Be!’: Melania Mocked for ‘Handmaid’s Tale’ White House Christmas Trees Video

After ‘Give Me a Break’ Complaint Melania Mocked for ‘Pretending to Like Christmas’ as White House Tree Is Delivered

 

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COMMENTARY

Head of Federal Agency Responsible for Wildly Inaccurate Jobs Numbers Is Trump Holdover

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Asked if He Will Resign, the Commissioner – a Former Heritage Foundation Fellow – Does Not Answer

Some areas of the U.S. federal government are sacrosanct.

The CDC doesn’t screw around with reporting COVID information, because millions of people, including scientists, make life or death decisions based on those data.

The Labor Dept. doesn’t tweak jobs numbers for political purposes, or to make a president look good or bad, because to report inaccurate results leads to tremendous distrust of the government, messes up markets, and plans of major corporations.

And yet under President Donald Trump the Health and Human Services Dept. altered CDC documents – once considered sacrosanct documents – for political purposes, CNN reported last year.

“Amid tension between the administration and the CDC, former Trump campaign official turned chief HHS spokesman Michael Caputo and his team had demanded to see reports out of the CDC before they are released, a senior administration official said. Officials within HHS had defended the demand, saying the CDC fell under the agency’s umbrella and that all communications and public documents needed to be cleared at the top.”

A federal official told CNN that in addition to reviewing reports, HHS political appointee Paul Alexander has regularly added his input — often interpreted by CDC officials as political in nature — to weekly scientific reports intended to track the ongoing coronavirus pandemic response. The development marks the latest example of political interference by administration appointees at the nation’s health agencies.

So when The Washington Post reported Tuesday that the federal government “sharply underestimated job gains for most of 2021, including four months this summer in which it missed more job growth than at any other time on record,” some expressed concern.

“In the most recent four months with revisions, June through September, the Bureau of Labor Statistics (BLS) reported it underestimated job growth by a cumulative 626,000 jobs — that’s the largest underestimate of any other comparable period, going back to 1979. If those revisions were themselves a jobs report, they’d be an absolute blockbuster,” the Post noted.

They add, “recent revisions have been big enough to turn a substantial slump into a surprising surge.”

Americans, in other words, have been living under the false belief that the labor market wasn’t exactly hopping, thanks to wildly inaccurate numbers out of the Bureau of Labor Statistics, the agency under the Dept. of Labor that collects, tracks, and analyzes these critical numbers.

Yes, under President Joe Biden the labor market has been surging, we now know, contrary to the information that’s been coming out of the BLS.

Curiously, as the Post also noted, the exact opposite happened last year, when Donald Trump was president.

“Revisions in the already calamitous months of March and April 2020,” under Trump, “found the economy had lost 922,000 more jobs than initially reported.”

Oops.

Given what we know happened at CDC, you’d think some might be wondering what’s going on.

Well, we are.

As it turns out, William Beach – the head of the Bureau of Labor Statistics, the agency that since the start of the pandemic has been churning out wildly inaccurate (but very pro-Trump) numbers – was appointed by Donald Trump, used to work for a very pro-Trump think tank known as the Heritage Foundation, worked for a university research center that is funded by the very pro-Trump Charles Koch (as in the Koch Bros.), and also used to work for the Republicans on the the Senate Budget Committee.

(And while it’s unclear when Beach left Heritage, it’s important to know that right wing think tank is a purveyor of climate change denialism, fake critical race theory and voter fraud claims, and voter suppression legislation.)

So, who cares if the labor numbers are wrong?

Well, everyone, when they read headlines calling Biden’s jobs numbers a “colossal miss,” “ugly,” “dismal” and “disappointing,” as The Post noted. Companies make major decisions based on these numbers, which everyone realizes are just estimates, but up until last year were good indicators of what is going on.

Under Beach, the Biden administration has been slammed, giving Republicans a false tool to attack. And like bad newspaper articles that appear on page one and linger in Americans’ minds for days, corrections only appear on the back pages, invisible to the vast majority of people who only remember what was false.

An important side note: the Bureau of Labor Statistics is also responsible for reporting out the Consumer Price Index, which in recent days has claimed massive price increases.

NCRM emailed Commissioner Beach on Wednesday, asking if he intended to resign, and asking him to explain what caused these massive errors and if that has been fixed.

We also asked if he maintains any professional, personal, or financial ties to The Heritage Foundation, Senate Republicans or any of his previous right wing employers.

Commissioner Beach did not respond, but Bureau of Labor Statistics Deputy Commissioner William J. Wiatrowski did – with a boilerplate explanation of revisions, and a statement assuring us that the “integrity of BLS data collection and reporting is paramount. The BLS commissioner, as has always been the case, does not see data until they are finalized. Civil servant economists and statisticians tabulate and analyze the data.”

No word on any resignation – or if this massive problem has been fixed.

There’s no evidence to say these massive screw ups are intentional – or worse, politically motivated – but the American public and American businesses deserve better, they deserve factual data they can count on, and they deserve to know what’s actually happening on their President’s watch – any president.

If that cannot happen under this commissioner, it’s time for a new one.

Image by jaimebisbal via Flickr and a CC license

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