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Devastating report on Trump’s economy shows the rich are hoarding cash instead of creating jobs

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President Donald Trump is counting on a strong economy to carry him across the finish line in his 2020 reelection bid.

However, as Axios reports, American companies are still either hoarding cash they’re making or spending it on stock buybacks instead of plowing it back into their businesses and creating jobs.

Neil Shearing, chief economist at Capital Economics, tells Axios that companies are also reluctant to give their workers raises because it would hurt their share values, as Wall Street investors would be less willing to pay top price for shares where there is little expectation of cashing in on dividends or buybacks.

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In addition to this, wealthy individuals are sitting on more wealth than they’ve ever had, even as wage growth continues to show sluggish growth.

“The top one percent of U.S. households are holding a record $303.9 billion of cash, a quantum leap from the under $15 billion they held just before the financial crisis,” Axios writes.

All of this is particularly glaring at a time when American infrastructure has continued to crumble — and it’s making it hard to find money to pay for Trump’s proposed $2 trillion infrastructure package.

“The end result is money that would previously have been split between businesses, workers and the government for projects like schools, health care and infrastructure is instead sitting in corporate accounts earning little to no return,” the report concludes.

Read the whole report here.

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Trump says cough drop in Pelosi’s mouth was her teeth falling out

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President Donald Trump lashed out at Speaker Nancy Pelosi Sunday on Twitter instead of defending himself against accusations of bribery.

Pelosi did her weekly press conference at the end of the week while sucking on either a cough drop or a mint. It wouldn't be shocking if it was the former, as Pelosi was clearing her throat and also drinking water while speaking to the press.

Trump decided it was neither, and instead, it was false teeth falling out of her mouth.

"Because Nancy’s teeth were falling out of her mouth, and she didn’t have time to think!" Trump tweeted in response to a video from the press conference.

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Conservative pens scathing op-ed with sarcastic defense of Republicans’ humiliating hypocrisy

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Conservative columnist Max Boot wasn't shocked when he saw Sen. Lindsey Graham (R-SC) proclaim he had no intention of being an independent juror during President Donald Trump's impeachment trial. The Trump antagonist penned his Sunday column dripping with sarcasm.

His fellow conservative colleague, Jennifer Rubin, similarly said that no one expected anything better from Graham. Boot extended his disdain to the entire Republican Party.

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Americans still don’t know why Trump was rushed to Walter Reed hospital: ex-White House press secretary

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It's been three weeks since President Donald Trump was rushed to Walter Reed hospital, and former White House press secretary Joe Lockhart reminded his Twitter following that Americans still don't know what happened.

"It’s been 3weeks since the President made an unscheduled and rushed trip to Walter Reed. Americans have a right to know about the President's health and the WH explanations doesn’t pass the smell test. I hope there are still enterprising reporters on this. Democracy dies in the dark," Lockhart tweeted.

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