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Reckless Trump is driving America into something far worse than the Great Depression: Paul Krugman

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In a column for the New York Times, Nobel Prize-winning economist Paul Krugman claimed that an unfettered Donald Trump is setting the stage for  a second Great Depression — only this one will be much worse.

Noting that Trump’s plan to slam Mexico with tariffs “will reduce the living standards of most Americans, destroy many jobs in U.S. manufacturing, and hurt farmers,” Krugman said that is the least of our problems.

“Trump says that ‘TARIFF is a beautiful word indeed,’ but the actual history of U.S. tariffs isn’t pretty — and not just because tariffs, whatever the tweeter in chief says, are in practice taxes on Americans, not foreigners. In fact, it’s now a good bet that Trump’s tariffs will more than wipe out whatever breaks middle-class Americans got from the 2017 tax cut,” Krugman wrote.

Using not-too-distant history as his guide, the economist made the case that Trump’s heedless actions may cause another worldwide economic meltdown.

“By deploying tariffs as a bludgeon against whatever he doesn’t like, Trump is returning America to the kind of irresponsibility it displayed after World War I — irresponsibility that, while obviously not the sole or even the main cause of the Great Depression, the rise of fascism and the eventual coming of World War II, helped create the environment for these disasters,” he wrote, adding, “Part of the problem was that U.S. tariffs were met with retaliation; even before the Depression struck, the world was engaged in a gradually escalating trade war.”

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“So am I saying that Trump is repeating the policy errors America made a century ago? No. This time it’s much worse,” he explained. “While Warren Harding wasn’t a very good president, he didn’t routinely abrogate international agreements in a fit of pique. While America in the 1920s failed to help build international institutions, it didn’t do a Trump and actively try to undermine them.”

You can read more here.

 

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Jeffrey Epstein spent almost all of his time abusing underage girls: ‘It was his full-time job,’ says victim’s lawyer

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Jeffrey Epstein apparently did nothing but sexually abuse underage girls, according to one victim's attorney.

The sources of the financier's wealth are murky, as he had only one known client -- women's clothing magnate Les Wexner -- but attorney Brad Edwards said that seems to have freed Epstein up to engage in nonstop predatory conduct, reported Vanity Fair.

“It was his full-time job,” said attorney Brad Edwards. “We have not found anyone who has provided information about a legitimate business he was engaged [in].”

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Jeffrey Epstein’s IT consultant reveals he saw girls who ‘couldn’t have more than 15 or 16’ on private island

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ABC News broke a story just after midnight Thursday about a former IT consultant of Jeffrey Epstein's who resigned because he couldn't take some of the things he was seeing on Epstein's private island compound.

The island, which has been called "pedophile island" by locals, had "topless women everywhere.

"There were photos of topless women everywhere," said contractor Steve Scully, who began working for Epstein in 1999 and continued for six years. "On his desk, in his office, in his bedroom."

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‘Names are going to start coming out’: New report says more elites will be exposed in the Epstein case — and ‘DC is on edge’

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Will other powerful people — presumably men — get taken down as a result of the sex trafficking case against Jeffrey Epstein?

That’s the hope of many closer followers of the story, but it’s far from clear what, if any, fallout there will be. Epstein’s connections to Presidents Bill Clinton and Donald Trump have raised suspicions about potential evidence of their wrongdoing, such suspicions remain unproven. Alan Dershowitz has already faced accusations of being involved in Epstein’s crimes, though he denies the charge vigorously.

But a new report from Vanity Fair’s Gabriel Sherman says that “DC is on edge” over the Epstein case, and any elites who have run in his circles could be involved. Dozens of girls, if not more, are believed to be involved in his alleged sex trafficking, and lawyers for some of the women who have accused Epstein are strongly suggesting that other high-profile figures will be implicated.

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