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Trump slams ‘obviously improperly run’ Sears — which his Treasury Secretary ran for more than a decade

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Treasury Secretary Steve Mnuchin poses with his wife Louise Linton while holding a sheet full of dollars (Twitter photo).

President Donald Trump slammed the management of Sears Holding Corp. after the longtime retailer filed for bankruptcy protection on Monday.

“Sears has been dying for many years,” Trump told reporters while departing for a tour of the damage wrecked by Hurricane Michael.

“It’s been obviously improperly run for many years and it’s a shame,” Trump added.

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As Bloomberg News reported Monday, Secretary of the Treasury Steven Mnuchin was a member of the company’s board of directors from 2005 until after the presidential election in 2016.

Sears’ Chairman Eddie Lampert was Mnuchin’s college roommate and attended his confirmation hearing in January of 2017.

During his confirmation, Mnuchin said Sears “was already a failing issue” prior to Lampert’s investment in the company.

Mnuchin invested $26 million in Lampert’s hedge fund.

“Somebody that is of my generation, Sears Roebuck was a big deal,” Trump said. “So it’s very sad to see.”

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Republicans planted a time bomb in their tax cut bill that will actually raise most people’s taxes: economist

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On Saturday, writing for The New York Times, Nobel Prize-winning economist Joseph Stiglitz warned that many people's taxes are about to go up.

But it's not because Joe Biden's campaign plan raises taxes, as President Donald Trump has repeatedly and falsely claimed. It's because the Tax Cuts and Jobs Act — the controversial tax cut bill passed by Republicans on a party-line vote in 2017 — has a provision that will start slowly raising taxes next year. And ultimately, Stiglitz warned, many low and middle income people will actually pay more than they did before the bill passed in the first place.

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2020 Election

‘So, so cruel’: Rights advocates sound alarm about immigration agenda Stephen Miller is crafting for Trump’s 2nd term

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Immigrant rights advocates along with Democratic presidential nominee Joe Biden and his supporters responded with alarm to reporting this week that Stephen Miller, a senior adviser to President Donald Trump, is plotting how to "rev up Trump's restrictive immigration agenda" and is ready to "unleash executive orders deemed too extreme for a president seeking reelection" in the event of a Biden loss next week.

NBC News reported Friday that Miller, speaking as an adviser to the president's campaign, laid out four top priorities in a 30-minute call Thursday: "limiting asylum grants, punishing and outlawing 'sanctuary cities,' expanding the so-called travel ban with tougher screening for visa applicants, and slapping new limits on work visas." Implementing these policies would require a mix of legislation and executive action.

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2020 Election

REVEALED: Far-right extremists are circulating plans to lock down Arizona streets if Trump is re-elected

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On Saturday, The Arizona Republic reported that far-right paramilitary groups are circulating plans to lock down neighborhoods in the Phoenix, Arizona metropolitan area in the event that President Donald Trump is re-elected, supposedly to police left-wing protesters.

"In Arizona, the head of the Prescott-area chapter of the Oath Keepers group, which recruits military and law enforcement officers, has warned residents to be prepared to protect their neighborhoods from feared extreme left-wing protesters who would be upset should President Donald Trump be re-elected," reported Richard Ruelas. "Part of that the pro-Trump group'splan involved closing streets and assigning monitors to control access, according to a planning document shared with The Republic."

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